Thursday, 6 February 2025

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John Swinney visited the Coalburn 1 construction site (Jane Barlow/PA)
BusinessEconomyEfficiencyElectricityIndustryInfrastructureNewsPoliticsStorageTradeUtilities

Battery storage sites deemed ‘formidable’ for Scotland’s energy future

Scotland secures £800m for Europe’s largest battery storage sites, boosting renewables and grid resilience efforts.

FILE PHOTO: U.S. President Donald Trump attends a news conference after his summit with North Korean leader Kim Jong Un, at the JW Marriott Hotel in Hanoi, Vietnam February 28, 2019. REUTERS/Jorge Silva/File Photo
BusinessElectricityIndustryNewsOffshore WindPoliticsWind

European wind stocks take beating after Trump calls turbines ‘garbage’

Wind power stocks drop as Trump vows to block new turbines, raising fears over U.S. renewable energy market shifts.

FILE PHOTO: Vessels carrying supplies for an offshore oil platform operated by Exxon Mobil are seen at the Guyana Shore Base Inc wharf on the Demerara River, south of Georgetown, Guyana January 23, 2020. REUTERS/Luc Cohen/File Photo
BusinessFuelNewsOilTrade

Guyana oil exports jump, gain Europe market share in 2024

Guyana's oil gains favor in Europe as many refiners avoid sanctioned Russian crude and seek alternative supplies.    

Shell’s liquefied natural gas production dropped in the final quarter of last year (Yui Mok/PA)
BusinessClimateEmissionsEmissions MarketsEnvironmentLiquefied Natural GasNatural GasNewsOilVoluntary Carbon Markets (VCMs)

Shell warns of £1bn cash hit from emissions certificates payments

The energy major said on Wednesday that the charge is “related to timing of payments of emissions certificates” in Germany and the US.

FILE PHOTO: A Shell logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. REUTERS/Denis Balibouse/ File Photo
BusinessLiquefied Natural GasNews

Shell warns of weaker fourth quarter LNG, oil trading

Shell trimmed its LNG production forecast for the quarter to 6.8-7.2 million metric tons, from a previous forecast of 6.9-7.5 million tons.

More than 800,000 balcony solar kits were installed in Germany in 2024 (AFP)
AnalysisBusinessEconomyElectricityInfrastructureSolarUtilities

Germans turn to balcony solar panels to save money

Far less powerful than roof panels, balcony solar kits cover only part of a household's energy needs and are used for tasks such...

Mombak biologist Severino Ribeiro says the project's aim is to 'simulate nature' (AFP)
AnalysisBiodiversityClimateClimate FinanceEmissionsEmissions MarketsEnvironmentIndigenousRegulationsTradeVoluntary Carbon Markets (VCMs)

In Brazil, an Amazon reforestation project seeks to redeem carbon markets

By planting native species in the Amazon, Brazilian company Mombak hopes to restore credibility to a scandal-ridden carbon market.

FILE PHOTO: A visitor stands next to a BYD Sealion 7 EV car at the 41st Thailand International Motor Expo, in Bangkok, Thailand, November 29, 2024. REUTERS/Athit Perawongmetha/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTrade

China’s BYD says 5,000 NEVs set sail for Europe

BYD said on Wednesday that a third roll-on/roll-off ship carrying close to 5,000 new energy vehicles bound for Europe has set sail.

FILE PHOTO: A drone view shows BYD's new electric vehicle (EV) factory's construction site in Camacari, Brazil December 26, 2024. REUTERS/Joa Souza/File photo
BusinessElectric Vehicles (EVs)LabourNews

BYD brought hundreds of Chinese workers to Brazil on irregular visas, inspector says

BYD faces scrutiny in Brazil after 163 workers found in "slavery-like conditions" at EV factory, pledging compliance.

FILE PHOTO: Honda's electric vehicle (EV) e:NS2 is displayed at the Auto Shanghai show, in Shanghai, China April 18, 2023. REUTERS/Aly Song/File Photo
BusinessElectric Vehicles (EVs)IndustryNewsPoliticsRegulations

Honda executive cautious about new EV production ahead of Trump presidency

Honda remains cautious about launching new EV and Canadian battery production amid Trump's uncertain industrial policy.

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