Thursday, 6 February 2025

Focus on Fuel

News ReleaseGreen SteelHydrogen

Cepsa selects thyssenkrupp nucera as preferred supplier of a 300-MW electrolyzer for a green hydrogen plant in Spain

thyssenkrupp nucera has received an award to provide a basic engineering design package, utilizing scalum® modules, for a new green hydrogen plant Integration...

Arthur L. Irving, the second-born son of New Brunswick industrialist K.C. Irving, has died at the age of 93 after a life spent growing the oil business that his father founded. Irving, then chairman of Irving Oil, takes to the podium during the grand opening of the Halifax Harbour Terminal in Dartmouth, N.S., Thursday, Oct. 20, 2016. THE CANADIAN PRESS/stringer
BusinessNewsOil

Canadian oil executive Arthur Irving dies at age 93

Arthur L. Irving, the second-born son of New Brunswick industrialist K.C. Irving, has died at the age of 93 after a life spent...

FILE PHOTO: Darren Woods, Chairman and CEO, Exxon Mobil Corporation speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.  REUTERS/David Swanson/File Photo
BusinessCourtsNewsOilPolitics

Illinois state treasurer urges Exxon shareholders to vote against CEO Woods, director Hooley

The Illinois state treasurer has urged Exxon Mobil shareholders to vote against the election of Executive Chair and CEO Darren Woods, as the...

dian banks provided almost US$104 billion in fossil fuel funding last year despite the urgent need to reduce emissions, says the latest annual Banking on Climate Chaos report. Bank towers are shown from Bay Street in Toronto's financial district, on Wednesday, June 16, 2010. THE CANADIAN PRESS/Adrien Vecz
AnalysisBusinessClimateEmissionsFinanceLiquefied Natural GasNatural GasNewsOilTransmission

Canadian banks directed over US$100 billion to oil and gas last year: report

Canadian banks provided almost US$104 billion in fossil fuel funding last year despite the urgent need to reduce emissions, says the latest annual...

AnalysisBusinessEconomyFinanceOilReports

Feedback loops: Oil prices, inflation and monetary policy

How does the price of oil interact with inflation and the monetary policy meant to keep it in check? It's complicated, according to...

FILE PHOTO: Workers arrive at a plantation in Kinabatangan in Malaysia's state of Sabah on the Borneo island February 20, 2009. REUTERS/Ahim Rani/File Photo
Carbon ManagementEnvironmentNews

Malaysian carbon exchange to host first local carbon credit auction

Malaysia's voluntary carbon market exchange will host an auction of its first Malaysian carbon credits on July 25

FILE PHOTO: A handout photo of Braya Renewable Fuels' refinery that produces renewable diesel in Come By Chance, Newfoundland and Labrador, Canada February 20, 2024.  Braya Renewable Fuels/Handout via REUTERS
AnalysisBiofuelsFuelIn-Depth

Renewable diesel glut hits US refiner profits, threatens industry

A rush by US fuel makers to recalibrate their plants to produce renewable diesel has created a supply glut for low-emissions biofuels

The UN says banks will play an important role in the transition by aligning their portfolios with the Paris Agreement (Matthew Vincent/PA)
ClimateFuelNews

Banks ‘financed fossil fuels by £5.5tn since Paris Agreement’

The banks, which include UK giants like Barclays and HSBC, committed 705 billion dollars (£562 billion) in financing to fossil fuels in 2023

Top banks have provided $6.9 trillion in financing to the fossil fuel industry since the 2015 Paris Agreement (AFP)
BusinessFinanceFuelNews

US, Japanese banks lead fossil fuel financing

Fossil fuel financing fell by 9.5% last year, says climate campaigners' report, but banks are still sending $705bn to the sector.

FILE PHOTO: The logo of Italian multinational energy company Eni is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessFuelLiquefied Natural GasNatural GasNewsOil

Eni eyes new oil and gas spin-offs in energy transition satellite strategy

Italian energy group Eni could spin off stakes in high-potential oil and gas projects, while focusing on low-carbon activities

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