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World Bank Group President Ajay Banga poses with Latvia's Minister of Finance Arvils Aseradens, Italy's Director General of the Treasury Riccardo Barbieri Hermitte, Norway's Minister of International Development Anne Beathe Tvinnereim, Belgium's Counselor-General at the Treasury Steven Costers, France's Director General of the Treasury Bertrand Dumont, Japan's Deputy Vice Minister of Finance for International Affairs Daiho Fujii, Denmark's Ambassador and Director for Multilateral Affairs Marie-Louise Koch Wegter, United Kingdom's Minister of State, Foreign, Commonwealth and Development Andrew Mitchell, Germany's Federal Minister for Economic Cooperation and Development Svenja Schulze, Netherlands' Minister of Finance Steven van Weyenberg, and U.S. treasury secretary Janet Yellen at the G-20 Finance Ministers and Central Bank Governors' Meeting at the IMF and World Bank’s 2024 annual Spring Meetings in Washington, U.S., April 19, 2024. REUTERS/Ken Cedeno
BusinessClimateEconomyFinanceNewsPolitics

World Bank wins $11 billion in pledges to boost lending for climate, global crises

The World Bank says 11 countries have pledged to contribute over $11B billion to new hybrid capital and portfolio guarantee instruments designed to...

An E15 nozzle is displayed on a pum at service station in Minneapolis, Monday, Oct. 28, 2013 photo. The Environmental Protection Agency cleared the way Friday, April 19, 2024, for E15, a higher blend of ethanol, to be sold nationwide for the third summer in a row. Gasoline with 10% ethanol is already sold nationwide, but the higher blend has been prohibited in the summer because of concerns it could worsen smog during warm weather. (Jeff Wheeler/Star Tribune via AP, File)
AutomotiveBiofuelsEconomyNewsPoliticsRegulationsTransport

EPA allowing summer sales of higher ethanol gasoline blend, citing global conflicts

The U.S. Environmental Protection Agency announced an emergency waiver that will exempt gasoline blended with 15% ethanol from an existing summertime ban.

FILE PHOTO: Tesla's new electric semi truck is unveiled during a presentation in Hawthorne, California, U.S., November 16, 2017. REUTERS/Alexandria Sage/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Tesla Semi trucks in short supply for PepsiCo as its rivals use competing EV big rigs

The shortfall, which hasn't been previously disclosed, lays bare the challenges for Tesla as it seeks to become a high-volume player in the...

ClimateEmissionsNewsPoliticsUnited Nations

Next UN climate talks are critical to plot aid for poorer nations, says incoming president

The man who will run United Nations climate talks this November views the negotiations as a key link in international efforts to curb...

FILE PHOTO: A view of Albemarle lithium mine located on the Atacama salt flat is pictured, in Antofagasta region, Chile, May 4, 2023. REUTERS/Ivan Alvarado/File Photo
AnalysisBusinessClimateCritical MineralsEconomyElectric Vehicles (EVs)LegislationNewsPoliticsSolar

Which companies received tax credits under the U.S. Inflation Reduction Act?

Thirty five projects, focused on electrical grid enhancements, critical minerals, and electric vehicle components, among others, got a total of $1.93 billion in...

FILE PHOTO: A view of Oldman River and Crowsnest River that flow into the Oldman Reservoir, which according to local news media is at its lowest point in 30 years, near Pincher Creek, Alberta, Canada March 15, 2024.  REUTERS/Todd Korol/File Photo
AgricultureClimateNewsPoliticsWeather

Municipalities, farmers agree to cut water use as drought persists in Canada’s Alberta

Alberta, which produces most of Canada's oil, natural gas and beef, opened water-sharing negotiations among licence-holders as it entered its fourth year of...

BusinessCarbon ManagementClimate FinanceEconomyEmissionsEmissions MarketsFinanceIndustryNewsPoliticsVoluntary Carbon Markets (VCMs)

US to launch carbon offset guidelines to boost integrity

New U.S. guidelines for the use of carbon offsets inside and outside of government meant to build confidence in the market and ensure...

FILE PHOTO: A gas pump selling E15, a gasoline with 15 percent of ethanol, is seen in Mason City, Iowa, United States, May 18, 2015.    REUTERS/Jim Young/File Photo
ClimateEmissionsEnvironmentFuelNews

US EPA allows temporary expansion of higher-ethanol gasoline blend

The Environmental Protection Agency will expand sales of higher-ethanol blends of gasoline to reduce potential supply disruptions amid global conflicts

FILE PHOTO: The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. REUTERS/Brendan McDermid/File Photo
BusinessFinanceNews

Hedge funds turn bearish in April: Goldman Sachs

Hedge funds continue to short energy companies even as increased tensions in the Middle East have lifted energy prices and generally boosted energy...

Finance ministers prepare for the International Monetary and Financial Committee (IMFC) plenary session at the IMF and World Bank's 2024 annual Spring Meetings in Washington, U.S., April 19, 2024. REUTERS/Ken Cedeno
EmissionsEnvironmentNews

World Bank to provide $416m loan to Turkey to reduce pollutants

The loan would unlock long-term financing for Turkish manufacturers via a project aimed at helping the sector adopt clean technologies

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