Business
Volkswagen looking to deepen partnership with Rivian, Spiegel reports
"For example, we are thinking about sharing modules and bundling purchasing volumes," VW CEO Oliver Blume said.
Four of Canada’s biggest banks leave climate alliance
The Net-Zero Banking Alliance aims to accelerate climate action among financial institutions.
Biden boosts loan for ioneer’s Nevada lithium mine to nearly $1 billion
The U.S. DOE finalized a $996M loan for ioneer’s Rhyolite Ridge lithium project, boosting domestic EV battery material supply.
Carmakers at India auto show unveil charging network plans, new EVs
India’s auto giants Maruti, Tata, and Hyundai unveiled plans at the New Delhi Auto Show to expand EV charging networks nationwide.
South Korean nuclear power plant operator agrees with US Westinghouse to end dispute, utility says
South Korea's KEPCO and Westinghouse resolve IP dispute, agree to enhance collaboration in global nuclear markets.
Vistra’s battery storage facility goes up in flames, spurs evacuation orders
Flames engulf Vistra’s Moss Landing battery storage site near San Francisco, emitting toxic fumes as officials let it burn.
Indonesia plans to offer carbon credit certificates to foreign buyers next week
Indonesia to launch carbon credits for global buyers on Jan. 20, aiming to boost funds for 2050 net-zero targets.
Renault 2024 sales volumes grow 1.3%, helped by hybrids
Almost 20% of Renault's sales this year will need to be electric vehicles to comply with EU emissions targets.
Polestar expects delayed profitability as EV demand weakens, competition intensifies
The company has struggled to scale amid weakening EV demand and intensifying competition from legacy manufacturers.
Google signs deal to buy carbon removal credits from Indian farms
The deal - signed by Google and Indian supplier Varaha - is one of the biggest ever involving biochar.
Biden boosts loan for ioneer’s Nevada lithium mine to nearly $1 billion
The U.S. DOE finalized a $996M loan for ioneer’s Rhyolite Ridge lithium project, boosting domestic EV battery material supply.
US clean energy tax subsidies to cost $825 billion over 10 years, CBO says
U.S. clean energy subsidies under Biden's Inflation Reduction Act to raise deficits by $825B over the next decade, CBO says.
Federal Reserve withdraws from global regulatory climate change group
The Federal Reserve exits global climate risk group NGFS, citing its scope as beyond the Fed's statutory mandate.
Biden protects 84% of IRA clean energy grants from being clawed back
Biden secures 84 per cent of $96.7B in clean energy grants under the IRA, shielding funds from Trump's planned clawbacks.
Procter & Gamble accused of ‘greenwashing’ in Charmin toilet paper, lawsuit says
Procter & Gamble faces lawsuit over alleged greenwashing in Charmin toilet paper sourcing from Canada's boreal forest.
Vistra’s battery storage facility goes up in flames, spurs evacuation orders
Flames engulf Vistra’s Moss Landing battery storage site near San Francisco, emitting toxic fumes as officials let it burn.
Four of Canada’s biggest banks leave climate alliance
The Net-Zero Banking Alliance aims to accelerate climate action among financial institutions.
Albertans await decision on potential coal mine as public hearings wrap up
Protests mark final hearing on controversial Alberta coal mine, as decision nears on Northback Holdings' project.
Ottawa pauses EV rebates as federal program runs out of money
Ottawa has paused an incentive program that offered Canadians rebates of up to $5,000 when buying or leasing electric vehicles.
Canada’s Imperial Oil says senior executive to leave for Exxon Mobil
In 2023, Imperial Oil had said it would invest C$720 million ($539 million) to construct Canada's largest renewable diesel facility.
CNRL to boost oil, gas output by 12 per cent in 2025
Oil and gas giant Canadian Natural Resources Ltd. says it plans to boost its overall production by 12 per cent in 2025.
Portugal keen to create offshore wind cluster, could reach 10 gigawatts
Portugal advances offshore wind plans with a 10 GW goal, approving four ocean zones for upcoming renewable energy auctions.
Polestar expects delayed profitability as EV demand weakens, competition intensifies
The company has struggled to scale amid weakening EV demand and intensifying competition from legacy manufacturers.
Renault 2024 sales volumes grow 1.3%, helped by hybrids
Almost 20% of Renault's sales this year will need to be electric vehicles to comply with EU emissions targets.
Chipmaker NXP gets 1 billion euro loan from EIB for European projects
NXP secures €1B EIB loan for R&D in five EU countries, focusing on semiconductors, energy efficiency, and critical technologies.
Oil tycoon Shvidler says UK sanctions are arbitrary in landmark appeal
In the first case of its kind to reach the UK's Supreme Court, a billionaire oil tycoon challenges UK sanctions.
Carmakers at India auto show unveil charging network plans, new EVs
India’s auto giants Maruti, Tata, and Hyundai unveiled plans at the New Delhi Auto Show to expand EV charging networks nationwide.
Indonesia plans to offer carbon credit certificates to foreign buyers next week
Indonesia to launch carbon credits for global buyers on Jan. 20, aiming to boost funds for 2050 net-zero targets.
Google signs deal to buy carbon removal credits from Indian farms
The deal - signed by Google and Indian supplier Varaha - is one of the biggest ever involving biochar.
China’s growth seen slowing to 4.5% in 2025 as US tariffs bite: Reuters poll
China faces trade tensions with the U.S. as Trump, proposing tariffs on Chinese goods, returns to the White House.
Analysis: Codelco workers fear copper production push hard to maintain
The company is targeting annual production of 1.7 million metric tons by the end of the decade.
JPMorgan upgrades YPF, expecting further growth for Argentine energy sector
In 2024, YPF's shares soared more than 150% amid a major rally in Argentine stocks.
Chile rejects environmental permit for Dominga copper and iron mine
Chile rejected an environmental permit for Andes Iron's controversial $2.5 billion Dominga iron and copper mining project on Wednesday.
Copper output at Chile’s Codelco rose to 1.328 million tons in 2024, document shows
Codelco's 2024 copper output hit 1.328M tons, slightly above 2023, despite challenges like declining ore grades and project issues.
Argentina privatizes state metal firm in Milei era first
The company's shares will be transferred to the U.S.-based consortium Industrial Acquisition Fund, whose top partner is Arc Energy.
Saudi Aramco and Sonatrach cut LPG prices for January
LPG is used mainly as fuel for cars, heating and as a feedstock for other petrochemicals.
Saudi Arabia’s non-oil private sector keeps growing solidly in December, PMI shows
Saudi Arabia's non-oil private sector ended 2024 strong, highlighting progress under 'Vision 2030.'
Iran’s Revolutionary Guards extend control over Tehran’s oil exports, sources say
Iran's Revolutionary Guards have tightened their grip on the country's oil industry and control up to half the exports of Iranian oil.
Apple says it has told suppliers to stop buying minerals from Congo
Apple told suppliers their smelters and refiners must stop buying tin, tantalum, tungsten and gold from the DRC and Rwanda as conflict has...
BP, ADNOC’s XRG agree Egypt gas JV Arcius Energy
The joint venture, Arcius Energy, is 51 per cent owned by BP and 49 per cent owned by XRG and will operate in...
State auditor questions utility SoCal Edison’s fire risk modeling
Fire officials have not found SCE to be responsible for the fires, but the company's infrastructure is being investigated.
Polestar expects delayed profitability as EV demand weakens, competition intensifies
The company has struggled to scale amid weakening EV demand and intensifying competition from legacy manufacturers.
Google signs deal to buy carbon removal credits from Indian farms
The deal - signed by Google and Indian supplier Varaha - is one of the biggest ever involving biochar.
US announces nearly $23 billion in loans to energy utilities across 12 states
The financing will come through the energy infrastructure reinvestment program at the department's Loan Programs Office.
Analysis: Codelco workers fear copper production push hard to maintain
The company is targeting annual production of 1.7 million metric tons by the end of the decade.
BP cuts over 5% of workforce to reduce costs
BP told staff that 3,000 contractor positions will also be cut.
Renault 2024 sales volumes grow 1.3%, helped by hybrids
Almost 20% of Renault's sales this year will need to be electric vehicles to comply with EU emissions targets.
Hawaii lawmakers vow to stabilize property insurance market as climate change fuels higher premiums
Wildfires in California affect the insurance business in Hawaii because insurance companies buy reinsurance — insurance for themselves.
Ontario eyes large, new nuclear plant near Port Hope
Ontario is taking some preliminary steps toward potentially building a new nuclear generating station near Port Hope, Ont.