Thursday, 6 February 2025

Focus on Fuel

FILE PHOTO: Chevron and Hess logos are seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessFinanceNewsOil

Hess shareholders sign off on $53 billion sale to Chevron

Hess shareholders on Tuesday approved the company's $53 billion merger with No. 2 U.S. oil company Chevron, according to preliminary results of the...

AnalysisCoalConstructionEconomyElectric Vehicles (EVs)ElectricityEmissionsPoliticsSolarTradeWind

Analysis: Monthly drop hints that China’s CO2 emissions may have peaked in 2023

Analysis: A 2023 peak in China’s CO2 emissions is possible if the buildout of clean energy sources is kept at the record levels...

Activists stand next to banners during the "People's Picket" as they take part in the Extinction Rebellion's 'The Big One' event, outside The Department for Energy Security and Net Zero's building, in London, Britain, April 21, 2023. REUTERS/Henry Nicholls/ File Photo
BusinessClimateEmissionsFinanceNatural GasNewsOil

Corporate climate plan verifier tightens rules for banks, asset managers

The Science Based Targets initiative (SBTi), a voluntary organisation which assesses corporate climate action plans, says it will now ask for more ambition...

Treasury Secretary Janet Yellen will join an event outlining the government's vision for 'high-integrity' carbon markets, aimed at boosting confidence in a system that critics have panned as greenwashing (AFP)
Carbon ManagementEmissionsEmissions MarketsNewsPoliticsVoluntary Carbon Markets (VCMs)

US to unveil ‘guardrails’ needed for carbon markets to succeed

President Biden's administration is set to unveil "guardrails" that will ensure carbon offset markets effectively reduce emissions.

Koji Sato, chief executive of Toyota Motor Corp., speaks during a news conference in Tokyo, Tuesday, May 28, 2024. “An engine reborn.” That's how Japanese automaker Toyota introduced plans for a new lean compact motor that will cast a futuristic spin on the traditional internal combustion engine. (Kyodo News via AP)
AutomotiveBiofuelsElectric Vehicles (EVs)ElectricityFuelNewsTransport

Toyota announces ‘an engine born’ with biofuel

Toyota announced it would offer lean compact engines that also run on so-called green fuels like hydrogen and bioethanol.

Subaru's CEO Atsushi Osaki, CTO Tetsuo Fujinuki, Toyota's CEO Koji Sato, CTO Hiroki Nakajima, Mazda's CEO Masahiro Moro and CTO Ichiro Hirose chat during a photo session at a press conference pledging to each develop a new engine in Tokyo, Japan May 28, 2024. REUTERS/Kim Kyung-Hoon
AutomotiveBiofuelsElectric Vehicles (EVs)EmissionsFuelNewsTransport

Toyota showcases compact engines adaptable to different fuels

Banking on a strategy beyond just selling EVs at Toyota, biofuel and hybrid engines unveiled as the future of the market to beat...

FILE PHOTO: President of China Xi Jinping and South African President Cyril Ramaphosa attend the China-Africa Leaders' Roundtable Dialogue on the last day of the BRICS Summit, in Johannesburg, South Africa, August 24, 2023. REUTERS/Alet Pretorius/Pool/File Photo
Critical MineralsMineralsNewsOilTrade

Analysis: China is back in Africa and doubling down on minerals

China's flagship economic cooperation program is bouncing back after a lull during the global pandemic, with Africa a primary focus.

An oil and gas lobby group says the federal government's proposed emission cap on the sector combined with its stringent targets for methane reduction could reduce Canada's non-oilsands fossil fuel production by one million barrels per day by 2030. A pumpjack draws out oil from a well head near Calgary, Alta., Saturday, Sept. 17, 2022. THE CANADIAN PRESS/Jeff McIntosh
BusinessEconomyEmissionsNatural GasNewsOilPoliticsRegulations

Lobby group says emissions cap would cost Canada’s oil and gas sector $75B in lost investment

An oil and gas lobby group says the federal government's proposed emissions cap on the sector combined with its stringent targets for methane...

FILE PHOTO: The installations of liquified natural gas producer Atlantic LNG are pictured in Point Fortin, Trinidad and Tobago, December 10, 2022. REUTERS/Andrea De Silva/File Photo
BusinessEconomyLiquefied Natural GasNatural GasNewsOilPoliticsTrade

BP, Shell and EOG vie for acreage in Trinidad’s oil and gas auction

Trinidad and Tobago received six bids from BP, Shell and US shale producer EOG Resources on four blocks to explore for oil and...

Carbon ManagementEconomyElectricityEmissionsManufacturingNuclear PowerPoliticsSolarTradeWind

EU clears Net Zero Industry Act to boost domestic green tech production

BRUSSELS — European Union governments formally cleared on Monday a new law designed to ensure the bloc produces 40% of its solar panels,...

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