Focus on Business
Avangrid sells offshore wind lease to Dominion Energy for $160 million
Avangrid sells Kitty Hawk North offshore wind lease to Dominion Energy for $160M, retains Kitty Hawk South for future development.
Exxon Mobil, Qatar get three-year extension to build Texas LNG plant
Exxon Mobil and Qatar Energy's Golden Pass LNG project gets a 3-year extension after lead contractor Zachry Holdings' bankruptcy.
German air-taxi maker Lilium’s units to file for insolvency, shares plunge
Lilium's German subsidiaries filed for insolvency amid a cash crunch, sending shares down 57 per cent.
Can Anglo’s copper pivot help thwart renewed takeover bid?
Anglo American’s shift to copper could decide its fate: independence or a renewed BHP bid when the six-month block ends.
US Treasury allows miners to access clean energy manufacturing subsidy
The U.S. Treasury will now allow some mining firms to access a tax credit for clean energy components, after industry pushback.
Brazil inflation picks up in mid-October with higher electricity costs
Inflation in Brazil rose due to higher electricity costs, driving up consumer prices in Latin America's largest economy.
Valero Energy quarterly profit plunges on weak refining margins
Valero Energy's profit slumped 86 per cent on lower refining margins, but beat expectations with $1.14/share vs. analysts' 98 cents estimate.
US autonomous truck startup Outrider raises $62 million to scale up
Outrider raises $62M in Series D to scale autonomous truck services in distribution yards, led by Koch and NEA.
Finland’s Neste scraps investment in renewable hydrogen in tough biofuel market
Neste has withdrawn from an investment into renewable hydrogen production at its plant in Porvoo, Finland,
Tesla eases investor fears with crucial EV growth forecast, shares jump
Tesla's stock surged nearly 12% after strong sales forecast, assuring investors of Musk's commitment to EV growth.
