Focus on Business
Chevron CEO says no discussions with President-elect Trump on Venezuela
Chevron maintains operations in Venezuela, aligning with U.S. policy; CEO Wirth notes Russian and Chinese firms could replace them if they exit.
As climate focus shifts to states, US East Coast partnership offers model for multi-state collaboration
A trailblazing 11-state regional greenhouse gas partnership on the U.S. East Coast is considering possible changes or expansion.
Trump may cancel US Postal Service electric mail truck contract, sources say
Trump's team may cancel USPS contracts for electric delivery trucks, aligning with his rollback of Biden's EV and climate policies.
Fact check: Many UK wind power auctions set prices below the current market price
There is an auction every year to allow generators of renewable energy to bid for contracts under the British scheme.
Norway wealth fund hits record 20 trillion crowns
Norway's fund owns about 1.5% of all listed stocks globally.
BP seeks buyers for US natural gas pipeline system stake, sources say
BP could raise up to $3 billion from the sale of up to a 49% stake in the business.
Varo Energy in talks to buy Preem’s Swedish refineries, sources say
Varo already has stakes in refineries in Germany and Switzerland and is expanding in sustainable fuel and trading.
Environmentalists are headed to court over proposed oil well in vulnerable Florida watershed
Environmentalists sue to block oil drilling in Florida’s biodiverse Apalachicola watershed, citing risks to one of earth’s rare ecosystems.
Number of inactive oil and gas wells in Alberta fell five per cent in 2023: report
Alberta oil producers spent $769M on well cleanups in 2023, exceeding provincial requirements as inactive wells dropped by five per cent.
Stellantis, Zeta Energy agree to jointly develop lithium-sulfur EV batteries
Stellantis partners with Zeta Energy to develop lithium-sulfur batteries, targeting cost, weight, and performance gains by 2030.
