Focus on Business
Weak demand for low-carbon products hampers green investment, COP28 initiative says
Global green investment is lagging behind required levels to help transition heavy industry sectors to lower emission methods.
China says will negotiate ‘until the last minute’ on EU EV probe
EU's Chinese EV probe is not yet over and Beijing insists it will continue lobbying the bloc over the matter.
Lawsuits buffet US offshore wind projects, seeking to end or delay them
Opponents of offshore wind around the U.S. are pelting projects with lawsuits seeking to cancel them or tie them up for years in...
US treasury rule would expand tax credits for installing electric vehicle chargers
The Biden admin proposes tax credits for EV chargers, offering up to $100K for businesses, expanding clean energy access.
Stellantis faces unprecedented UAW strikes a year after national walkout
The United Auto Workers union may strike Stellantis' U.S. plants, citing contract breaches and struggling U.S. operations.
Transport Canada orders plan to remove huge tidal power moorings left near N.S. town
Occurrent Power moorings must be moved by bankrupt tidal power company and bankruptcy trustees, rules government after local outrage.
Volkswagen plans stop to production at jointly-owned China plant
Volkswagen plans to shift Passat production from its Nanjing plant in China, addressing overcapacity struggles in the market.
AIR COMPANY gets Avfuel, Alaska Airlines backing in funding round
SAF manufacturer AIR COMPANY secures investment from aviation fuel supplier who will act as preferred distribution and logistics partner.
BHP’s Australian nickel stoppages spoil plans for LME alternative
New trading platforms for nickel delayed by suspension of operations at Western Australia plants.
Meta closes deal to buy up to 3.9 million carbon credits in Latin America
Facebook owner buys credits for BTG Pactual forestry projects at an undisclosed price for carbon offsetting.
