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FILE PHOTO: The logo of Equinor is set up at the entrance of a building at Western Europe's largest liquefied natural gas plant Hammerfest LNG in Hammerfest, Norway, March 14, 2024. REUTERS/Lisi Niesner/File Photo
BusinessElectricityNewsOffshore WindWind

Equinor secures $3 billion financing for U.S. Empire Wind 1 project

The company expects the total capital investments to be around $5 billion.

FILE - This photo provided by Lynne Buckner shows a Kings River pryg, a springsnail found in 13 isolated springs around Thacker Pass, 200 miles northeast of Reno, Nev., April 7, 2022. (Lynne Buckner via AP, File)
BiodiversityClimateCritical MineralsMineralsMiningNews

A drop in groundwater could mean big trouble for a tiny snail as Nevada lithium project presses on

A tiny and endangered species of snail could put a hold on one of the United States' largest planned lithium mines.

FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York, U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo
News

Morgan Stanley to leave sector climate coalition

The decision by Morgan Stanley follows similar moves in recent weeks by Citigroup, Bank of America, Wells Fargo and Goldman Sachs.

FILE PHOTO:A car gets charged at a charging point in Oslo, Norway, December 11, 2024. REUTERS/Leonhard Foeger/File Photo
BusinessElectric Vehicles (EVs)NewsTradeTransport

Chinese electric vehicles gain market share in Norway

Wealthy Norway is far ahead of most countries in the switch to electric vehicles, and has not imposed tariffs on Chinese EVs.

Offshore wind contributed to an increasingly green grid in 2024 (Ben Birchall/PA)
News

UK’s electricity was cleanest ever in 2024, analysis finds

In total, a record 58% of the UK’s power in 2024 came from clean energy sources, renewables and nuclear.

BYD electric cars waiting to be loaded onto a ship for export at the international container terminal of Taicang Port in Suzhouin February 2024 (AFP)
BusinessElectric Vehicles (EVs)NewsTransport

Sales surge in 2024 for Chinese EV giant BYD

BYD's quarterly revenue surpassed global rival Tesla's for the first time during the third quarter last year.

An electric car drives down a street in Oslo, Norway, December 11, 2024. REUTERS/Leonhard Foeger
News

In Norway, nearly all new cars sold in 2024 were fully electric

Fully electric vehicles accounted for 88.9% of new cars sold in 2024, up from 82.4% in 2023.

FILE PHOTO: People look at the newly unveiled Onvo L60 SUV, the first vehicle of Chinese electric vehicle (EV) maker Nio's new lower-priced brand, in Shanghai, China May 15, 2024. REUTERS/Zoey Zhang/File Photo
BusinessElectric Vehicles (EVs)NewsTransport

Chinese EV makers extend buying incentives as price war enters third year

The incentives are intended to encourage purchases before the government subsidy schemes for the new year start.

Prime Minister Justin Trudeau holds a press conference at the G7 Summit in Savelletri Di Fasano, Italy, Saturday, June 15, 2024. THE CANADIAN PRESS/Sean Kilpatrick
News

Canada set to preside over G7 in 2025 — what that means and what’s at stake

Canada will advance "common priorities" including fighting climate changes and managing new technologies.

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