Thursday, 23 January 2025

Focus on Fuel

FILE PHOTO: A missile is launched during an exercise of the Islamic Revolutionary Guards Corps (IRGC) navy in the south of Iran, in this picture obtained on January 17, 2023. IRGC/WANA (West Asia News Agency)/Handout via REUTERS/File Photo
BusinessNewsOilPoliticsTrade

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.

FILE - Energy Secretary Jennifer Granholm talks during a session at the COP29 U.N. Climate Summit Nov. 15, 2024, in Baku, Azerbaijan. (AP Photo/Rafiq Maqbool)
BusinessCourtsElectionsEmissionsLiquefied Natural GasNatural GasNewsPoliticsTrade

U.S. Energy chief Granholm warns against ‘unfettered exports’ of liquefied natural gas

U.S. Energy Secretary Jennifer Granholm says a "business-as-usual approach" to LNG exports is "neither sustainable nor advisable."

FILE PHOTO: An LNG tanker is guided by tug boats at the Cheniere Sabine Pass LNG export unit in Cameron Parish, Louisiana, U.S., April 14, 2022. REUTERS/Marcy de Luna/File Photo
ClimateEconomyEnvironmentLiquefied Natural GasNewsRegulationsTrade

Biden administration releases LNG export study, urging caution on new permits

The Biden administration's study on LNG exports warns of increased emissions and potential price hikes, advocating for cautious permitting.

FILE PHOTO: Electrical transmission cables connecting to Quebec at the Churchill Falls hydroelectric project in Churchill Falls, Newfoundland, Canada July 2007.  REUTERS/Greg Locke/File Photo
ClimateElectricityEmissionsEnvironmentHydropowerNatural GasNewsOilPoliticsRegulationsSolarUtilitiesWind

Canada pushes out target for net-zero electricity grid by 15 years

Canada's Clean Electricity Regulations now target a net-zero grid by 2050, shifting from a 2035 goal amid industry concerns.

AnalysisCarbon ManagementClimateEmissionsEnvironmentIndigenousOpinionResiliencyUnited Nations

Plans to stabilise Earth’s climate rely on emerging carbon removal technology — we need to get moving

With rising carbon emissions and 2024 set to be the hottest year, CO2 removal is vital for achieving net-zero goals.

FILE - In this Jan. 14, 2019, file photo, Pacific Gas & Electric vehicles are parked at the PG&E Oakland Service Center in Oakland, Calif. (AP Photo/Ben Margot, File)
BusinessEfficiencyElectricityFinanceInfrastructureNatural GasNewsRegulationsTransmissionUtilities

California’s Pacific Gas & Electric could receive $15B in federal loans to modernize its power grid

PG&E could secure up to $15 billion in federal loans for power grid modernization and clean energy projects across California.

FILE PHOTO: People charge their electric cars at a Tesla super charging station next to an EVgo electric charging location in Carlsbad, California, U.S., March 7, 2022.    REUTERS/Mike Blake/File Photo
AutomotiveElectric Vehicles (EVs)Natural GasNewsOilRegulationsReports

US government agencies fail to meet fleet EV targets, GAO report says

U.S. government agencies failed to meet government fleet electric vehicle purchase targets, a Government Accountability Office report released Tuesday said.

An employee of a wastewater treatment plant on the island of Psyttalia, Greece December 2, 2020. Picture taken December 2, 2020. REUTERS/Stelios Misinas/ File Photo
BusinessCarbon ManagementClimateEconomyEmissionsEmissions MarketsEnvironmentNewsPoliticsResiliencyVoluntary Carbon Markets (VCMs)

Climate tech firms get $80 million to pull carbon from paper mills, sewage plant

Google, H&M, and Stripe will buy $80M in carbon credits from firms using tech to capture emissions from paper mills and sewage plants.

Banks were also rarely found to provide a breakdown of how much sustainable financing they would provide to each sector (Victoria Jones/PA)
BusinessClimateEconomyElectricityEmissionsEnvironmentFinanceFuelIndustryInfrastructureNewsPolitics

Big banks in EU urged to step up on sustainable finance in 2025

Europe's largest banks, including Barclays and HSBC, are urged to enhance sustainable finance efforts amid rising investor scrutiny.

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