Focus on Business
Failing to ban new non-plug hybrid cars by 2030 would be a “catastrophic misstep,” warns EVUK
Failing to ban the sale of new hybrid cars with no plug from 2030 would be “a catastrophic misstep” for the UK, says...
Russian gas era in Europe ends as Ukraine stops transit
Russia has halted gas exports to Europe via Ukraine as the transit deal expired on January 1, 2025, ending a decade-long route.
UK’s lower-carbon jet fuel mandate comes into force
UK's SAF mandate starts Jan 1, 2025, requiring two per cent sustainable jet fuel, rising to 10 per cent by 2030 and 22...
End of Russian gas via Ukraine sparks unease in eastern Europe
Ukraine has halted Russian gas transit to Europe, prompting Moldova's state of emergency and Slovakia's threats of retaliation.
PJM responds to Pennsylvania Governor’s complaint over power market rules
PJM Interconnection responded to PA Governor Shapiro's complaint, citing power shortages due to rapid data center expansion.
Citigroup joins US lenders in exiting Net-Zero Banking Alliance
This move makes Citigroup the third major U.S. lender to exit the group after Wells Fargo and Goldman Sachs.
Nippon Steel offers US government veto power in bid for US Steel approval, source says
Nippon Steel has proposed giving the U.S. government veto power over production cuts at U.S. Steel to secure Biden's approval for their acquisition.
US to issue hydrogen credit rule this week, with path for nuclear, sources say
The long-awaited guidance will provide a pathway for hydrogen produced using nuclear power to access the credits, sources told Reuters.
US LNG gas demand hits record high on last day of the year
U.S. LNG demand hit a record 15.2 bcf on New Year's Eve, with forecasts predicting growth to 17.8 bcf in 2025 amid new...
Still unable to find equipment makers, New Jersey offshore wind project seeks 2nd delay
New Jersey's offshore wind project seeks a second delay due to ongoing challenges in securing turbine equipment amid market volatility.
