Thursday, 23 January 2025

Focus on Fuel

AnalysisBusinessClimateCoalEconomyElectricityEmissionsEnvironmentFinanceUtilities

Unloading coal exposure: Where are we and what can Chinese banks do?

To achieve climate goals, global coal use must decline sharply, and Chinese banks must drive the exit strategies.

In this photo taken from video released by Russian Emergency Ministry Press Service on Saturday, Jan. 4, 2025, rescuers and volunteers work to clean up tons of fuel oil that spilled out of two storm-stricken tankers more than two weeks ago in the Kerch Strait, in Russia's southern Krasnodar region. (Russian Emergency Ministry Press Service via AP)
EnvironmentFuelNewsOil

Russia-appointed officials in Crimea declare emergency as oil spill reaches Sevastopol

Russia-occupied Crimea declares emergency after oil is detected on the peninsula's largest city.

FILE PHOTO: A volunteer works to clear spilled oil on the coastline following an incident involving two tankers damaged in a storm in the Kerch Strait, in the settlement of Blagoveshchenskaya near the Black Sea resort of Anapa in the Krasnodar region, Russia December 21, 2024. REUTERS/Sergey Pivovarov/File Photo
EnvironmentNewsOilWeather

Russia clears beaches after Black Sea oil spill, declares emergency in Crimea

The oil leaked from two ageing tankers that were hit by a storm on Dec. 15.

FILE PHOTO: U.S. President Joe Biden delivers remarks on securing 235 judicial confirmations, at the White House in Washington, U.S., January 2, 2025. REUTERS/Kevin Lamarque/File Photo
LegislationNatural GasNewsOil

Biden to ban new oil drilling over vast areas of US Atlantic, Pacific waters

The ban, set to be announced Monday, prohibits selling drilling rights in parts of the Atlantic, Pacific, and eastern Gulf of Mexico.

FILE - A small tractor clears water from a business as flood waters block a street, July 12, 2023, in Barre, Vt. (AP Photo/Charles Krupa, File)
BusinessClimateLegislationNatural GasNewsOil

US Chamber, oil industry sue Vermont over law requiring companies to pay for climate change damage

The U.S. Chamber of Commerce and a top oil trade group are suing Vermont over its new climate change law.

FILE PHOTO: A drone view of cars driving along a road near snow on the ground in Twin Bridges, California, U.S. January 2, 2025.  REUTERS/Fred Greaves/File Photo
BusinessClimateElectricityEnvironmentInfrastructureNatural GasNewsOilResiliencyTransmissionUtilitiesWeather

US winter storms could cause power outages, cut natgas supplies

Freezing weather may cause power outages and peak natural gas demand, with supply drops expected due to freeze-offs.

Turbines like these off the coast of Wales are expected to help wind power become Britain's largest source of electricity in 2025 (AFP)
ClimateCoalEconomyElectricityEmissionsEnvironmentNatural GasNewsNuclear PowerOilRegulationsResiliencySolarUtilitiesWind

UK, Germany electricity cleanest on record in 2024

Renewable energy like wind and solar accounted for 59 per cent of production in Germany, while in Britain it stood at 45 per...

FILE - A machine is operated at a facility for the Norwegian company Nel in Heroya, Norway, on April 20, 2023. Nel makes devices that take water and split it into hydrogen and oxygen, known as electrolyzers, as well as fueling stations. (AP Photo/Trond R. Teigen, File)
EmissionsHydrogenIndustryNatural GasNewsNuclear PowerPoliticsRegulationsSolarTransportWind

Finalized tax credit for cleaner hydrogen gets a cautious OK from some environmental groups

Biden's new tax credit for cleaner hydrogen production aims to cut emissions but raises concerns over potential loopholes.

News ReleaseHydrogenPolitics

Constellation Statement on Clean Hydrogen Guidelines

BALTIMORE (Jan. 3, 2025) — Constellation (Nasdaq: CEG), the largest producer of carbon-free energy in the U.S., provides the following statement about the U.S....

People gather near a Christmas tree in a square in Tiraspol, Moldova's breakaway region of Transdniestria, January 3, 2025. REUTERS/Vladislav Bachev
AnalysisEconomyNatural GasPoliticsRegulationsTradeUtilities

Moscow-backed enclave in Moldova feels pain from lack of Russian gas

Russia cuts gas to Transdniestria, crippling Moldova’s energy and escalating regional tensions amid EU gas supply struggles.

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