Focus on Business
SLB says its Russia business aligns with new US sanctions as revenue drops
SLB said its current business in Russia still aligns with new U.S. sanctions on Russia, but that revenue in the country was declining.
Vistra’s battery storage facility goes up in flames, spurs evacuation orders
Flames engulf Vistra’s Moss Landing battery storage site near San Francisco, emitting toxic fumes as officials let it burn.
Indonesia plans to offer carbon credit certificates to foreign buyers next week
Indonesia to launch carbon credits for global buyers on Jan. 20, aiming to boost funds for 2050 net-zero targets.
Codelco, Saudi in talks on copper investment, 2025 output seen up
Codelco eyes joint investments with Saudi Arabia in copper, aligning with Riyadh's push into EV and battery manufacturing.
Volkswagen looking to deepen partnership with Rivian, Spiegel reports
"For example, we are thinking about sharing modules and bundling purchasing volumes," VW CEO Oliver Blume said.
Bessent: Carbon tariffs could be part of an overall tariff program
"It’s a very interesting idea that could be part of an entire tariff program," Bessent told the Senate Finance Commmittee,
State auditor questions utility SoCal Edison’s fire risk modeling
Fire officials have not found SCE to be responsible for the fires, but the company's infrastructure is being investigated.
Polestar expects delayed profitability as EV demand weakens, competition intensifies
The company has struggled to scale amid weakening EV demand and intensifying competition from legacy manufacturers.
Google signs deal to buy carbon removal credits from Indian farms
The deal - signed by Google and Indian supplier Varaha - is one of the biggest ever involving biochar.
US announces nearly $23 billion in loans to energy utilities across 12 states
The financing will come through the energy infrastructure reinvestment program at the department's Loan Programs Office.
