Focus on Business
EVs will account for up to half of auto sales by 2030, BYD Pakistan says
China's BYD hopes that Pakistan EV sales will shoot up as it enters a market dominated by Japanese brands.
ADB to devote half its lending to climate finance by 2030
Asian Development Bank hikes climate financing ambitions with a $100bn target and plan to boost private sector projects.
Volkswagen’s German battery plant to stay at half capacity
Workers fear PowerCo cutting back on production lines as parent company Volkswagen embarks on wider strategic review.
Toyota cuts 2026 global EV output plans by a third, Nikkei reports
The world's biggest automaker now plans to build 1 million EVs in 2026, compared with the earlier announced sales target of 1.5 million.
Germany blocks CO2 vouchers for oil companies over China fraud fears
Suspected carbon credit fraud involving projects in China sees environmental agency rejecting vouchers for 215,000 tons of CO2.
Teamsters could extend strike to other Marathon refineries as Detroit negotiations stagnate
Marathon Petroleum refuses to negotiate with over 200 striking Detroit refinery workers, raising potential for wider strikes.
Texas gas plant proposal rejected from state financing program
Texas energy regulators denied public funding for Aegle Power's 1.3 GW natural gas plant, citing due diligence failures.
Stellantis to invest $385 million in Argentine plant
Automaker Stellantis will invest $385 million in its plant in the province of Cordoba, Argentina, between 2025 and 2030
Fact check: Major hurdle for UK offshore wind auction was changed by Conservatives
Energy Security and Net Zero Secretary Ed Miliband has claimed that “Labour came in and fixed” last year’s failed offshore wind auction.
Yellen warns ending US clean energy tax credits would raise consumer costs
Treasury Secretary Yellen warns that reversing Biden's clean energy tax credits would raise costs, hurt U.S. jobs, and benefit China.
