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May 6, 2024.  REUTERS/David Swanson
AutomotiveBusinessElectric Vehicles (EVs)News

Tesla shareholders advised to reject Musk’s $56 billion pay

Advisory firm recommends voting against $56bn pay package for Tesla CEO Elon Musk, warning of his preoccupation with other "time-consuming projects".

The sun sets behind power lines above the plains north of Amarillo, Texas, U.S., March 14, 2017. REUTERS/Lucas Jackson/File Photo
ElectricityInfrastructureNewsUtilitiesWeather

Texas daily power demand sets record for May consumption

Continuing heat wave sees Texas power consumption hit another record for the month of May while electricity prices spike.

People remove thick ice from a street following a hailstorm amid heat wave, in Puebla, Mexico May 24, 2024. REUTERS TV/Genaro Zepeda?
ClimateElectricityNewsTransmissionUtilitiesWeather

Experts warn of hail, whirlwinds in Mexico after new heat record in the capital

Mexico City has already broken temperature records three times so far this summer season, in the midst of a persistent drought that continues...

ClimateCourtsNewsWeather

Chile firefighter, forest official linked to wildfires that killed 130

Chile, Argentina and other parts of South America's southern cone have faced a severe heat wave, something experts say will become more common...

FILE PHOTO: French energy group TotalEnergies CEO Patrick Pouyanne attends the seventh "Choose France Summit", aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024. LUDOVIC MARIN/Pool via REUTERS/File Photo
BusinessNewsOil

TotalEnergies’ boss Patrick Pouyanne re-appointed to board, approved by around 76% of shareholder votes

Patrick Pouyanne, chairman and chief executive of French oil major TotalEnergies, was re-appointed to the company's board by around 76 percent of shareholder...

FILE PHOTO: OPEC logo is seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/File Photo
AnalysisEconomyIn-DepthOilPoliticsTrade

What is OPEC+ and how does it affect oil prices?

There have been some challenges to OPEC's influence over the years, often resulting in internal divisions. More recently, the global push towards cleaner...

FILE PHOTO: Newly appointed Petrobras CEO Magda Chambriard when she was director of the ANP oil agency at  a news conference in Rio de Janeiro May 23, 2013.    REUTERS/Ricardo Moraes/File Photo
BusinessFuelNewsOil

Brazil’s Petrobras approves Chambriard as new CEO

Petrobras said its board of directors have approved the nomination of Magda Chambriard as the company's new Chief Executive

FILE PHOTO: A Lucid Motors facility is pictured in Costa Mesa, California, U.S.,November 1, 2023. REUTERS/Mike Blake/File Photo
AutomotiveBusinessElectric Vehicles (EVs)News

EV maker Lucid to cut workforce by 6%

Lucid Group said it would reduce its workforce by 6%, or around 400 employees, as the electric vehicle industry grapples with slower growth.

FILE PHOTO: Protestors demonstrate against seabed mining outside the Norwegian Parliament building in Oslo, Norway January 9, 2024. NTB/Javad Parsa via REUTERS
EnvironmentMineralsMiningNewsPolitics

Environmental activists sue Norway over seabed mineral plan

Campaigners have filed a lawsuit challenging Norway's plan for seabed mineral exploration, citing insufficient impact assessment.

U.S. President Joe Biden and Kenya's President William Ruto walk along the Colonnade around the Rose Garden on their way to the Oval Office for a meeting after a State Arrival Ceremony at the White House, Thursday, May 23, 2024, in Washington, U.S.    Evan Vucci/Pool via REUTERS
EconomyElectricityHydropowerNewsPoliticsPublic TransitTradeUtilities

US-Kenya deals, investments in green energy announced as Ruto meets Biden

The U.S. and Kenya plan to work with international financial institutions and multilateral trust funds to identify mechanisms for mobilizing investment for clean...

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