Monday, 24 February 2025

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Spain increases green hydrogen goal, sets 12 GW capacity by 2030

Spain raises its 2030 green hydrogen target to 12 GW, boosting its energy and climate ambitions for renewable growth.

The Lincoln Nautilus SUV is displayed at the Los Angeles Auto Show in Los Angeles, California U.S. November 29, 2017. REUTERS/Lucy Nicholson/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)ManufacturingNewsPoliticsRegulationsTrade

GM, Ford would need to halt Chinese vehicles exports for US under rule: official

A proposed rule may force GM and Ford to stop exporting vehicles from China to the U.S., impacting production plans.

British Airways has invested £9 million in carbon capture projects (Steve Parsons/PA)
AviationBusinessCarbon ManagementEmissionsEmissions MarketsEnvironmentNews

British Airways signs deal to buy more than £9m of carbon removal credits

British Airways invests £9M in carbon removal credits to reach 2030 decarbonisation goals and support net-zero by 2050.

California Attorney General Rob Bonta announces a lawsuit against oil giant Exxon Mobil over its alleged role in global plastic waste pollution, during a press conference event at Climate Week in New York City, U.S., September 23, 2024. REUTERS/Shannon Stapleton
BusinessCourtsEmissionsEnvironmentHydrogenNatural GasNewsOilPoliticsRegulations

California sues Exxon over global plastic pollution

California has filed a lawsuit against oil giant Exxon Mobil over its alleged role in global plastic waste pollution, its attorney general announced...

BusinessHydrogenNews

Shell shelves Norway blue hydrogen project due to lack of demand

Shell scrapped plans for a blue hydrogen plant on Norway's west coast due to a lack of demand, days after Equinor cancelled a...

News ReleaseBusinessEconomyResiliencyTrade

Saudi Arabia Leads G20 Countries in Tourism Growth, According to Latest UN Tourism Barometer

RIYADH, Saudi Arabia--(BUSINESS WIRE)--Saudi Arabia Leads G20 Countries in Tourism Growth, According to Latest UN Tourism Barometer report, marking a significant milestone in...

FILE PHOTO: 2021 Jeep Grand Cherokee L vehicles are seen on the final line at the Detroit Assembly Complex - Mack Plant in Detroit, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File Photo
AutomotiveBusinessElectric Vehicles (EVs)ManufacturingNewsTrade

Stellantis aims to cut North America inventories by 100,000 by early-2025, CFO says

Stellantis aims to reduce North American inventories by 100,000 vehicles by 2024, cutting 40,000 units so far.

FILE PHOTO: General view outside the Northvolt facility in Vasteras, Sweden, September 29, 2021. Picture taken September 29, 2021. REUTERS/Helena Soderpalm./File Photo
BusinessCritical MineralsElectric Vehicles (EVs)LabourManufacturingNews

Northvolt to axe 1,600 jobs as Europe’s EV hopes stall

Northvolt cuts 1,600 jobs and suspends expansion as it faces production issues, slow EV demand, and competition from China.

FILE PHOTO: A Temasek signage is pictured at their annual Temasek Review in Singapore July 11, 2023. REUTERS/Edgar Su/File Photo
BusinessClimateEconomyEnvironmentFinanceNewsPolitics

Singapore’s Temasek sets aside $77 million to support climate action initiatives

SINGAPORE – Singaporean state-owned investor Temasek said on Monday that it is setting aside S$100 million ($77.43 million) as a community gift to...

BusinessClimateEconomyEmissionsEnvironmentFinanceNewsPolitics

Brookfield raises $2.4 billion for climate fund backed by UAE

DUBAI – Brookfield Asset Management said on Monday it has raised $2.4 billion for the Catalytic Transition Fund (CTF), which is backed by...

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