Monday, 24 February 2025

Focus on Fuel

A digital render depicts what Stegra's steel mill outside Boden, Sweden will look like when completed, in this handout image obtained December 16, 2024. Stegra/Handout via REUTERS
AnalysisBiofuelsBusinessEconomyElectric Vehicles (EVs)ElectricityFinanceGreen SteelHydrogenNuclear PowerWind

Sweden’s north frets over financial risks as green boom stumbles

Sweden's local authorities seek more financial support as Northvolt's bankruptcy threatens the green industry transition.

Volunteers work to clean up spilled oil on the shoreline following an incident involving two tankers damaged in a storm in the Kerch Strait, during an emergency response operation in the Black Sea resort of Anapa, Russia, in this picture released December 18, 2024. Anapa Mayor's Office/Handout via REUTERS
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‘Oil is everywhere’: Russians tackle Black Sea spill

Around 4,000 volunteers have been cleaning beaches near the resort city of Anapa from the spill from two tankers damaged by a storm...

FILE PHOTO: LNG tanks are pictured at Tokyo Gas's LNG terminal in Sodegaura, Chiba Prefecture, Japan November 18, 2024. REUTERS/Kim Kyung-Hoon/File Photo
BusinessClimateCoalEconomyEmissionsEnvironmentInfrastructureNatural GasNewsOilPoliticsRegulationsUnited NationsUtilities

Japan’s draft climate strategy spurs calls for bolder cuts in carbon emissions

Japan's draft plan targets a 60 per cent cut in emissions by 2035, but experts call for deeper reductions to meet climate goals.

FILE PHOTO: An OPEC flag is seen on the day of OPEC+ meeting in Vienna  in Vienna, Austria October 5, 2022. REUTERS/Lisa Leutner/File Photo
BusinessEconomyNewsOilPoliticsTrade

OPEC+ wary of renewed US oil output rise under Trump, sources say

OPEC+ is concerned about rising U.S. oil output with Trump's return, fearing it will erode their market share and impact prices.

FILE PHOTO: A missile is launched during an exercise of the Islamic Revolutionary Guards Corps (IRGC) navy in the south of Iran, in this picture obtained on January 17, 2023. IRGC/WANA (West Asia News Agency)/Handout via REUTERS/File Photo
BusinessNewsOilPoliticsTrade

Iran’s Revolutionary Guards extend control over Tehran’s oil exports, sources say

Iran's Revolutionary Guards have tightened their grip on the country's oil industry and control up to half the exports of Iranian oil.

FILE - Energy Secretary Jennifer Granholm talks during a session at the COP29 U.N. Climate Summit Nov. 15, 2024, in Baku, Azerbaijan. (AP Photo/Rafiq Maqbool)
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U.S. Energy chief Granholm warns against ‘unfettered exports’ of liquefied natural gas

U.S. Energy Secretary Jennifer Granholm says a "business-as-usual approach" to LNG exports is "neither sustainable nor advisable."

FILE PHOTO: An LNG tanker is guided by tug boats at the Cheniere Sabine Pass LNG export unit in Cameron Parish, Louisiana, U.S., April 14, 2022. REUTERS/Marcy de Luna/File Photo
ClimateEconomyEnvironmentLiquefied Natural GasNewsRegulationsTrade

Biden administration releases LNG export study, urging caution on new permits

The Biden administration's study on LNG exports warns of increased emissions and potential price hikes, advocating for cautious permitting.

FILE PHOTO: Electrical transmission cables connecting to Quebec at the Churchill Falls hydroelectric project in Churchill Falls, Newfoundland, Canada July 2007.  REUTERS/Greg Locke/File Photo
ClimateElectricityEmissionsEnvironmentHydropowerNatural GasNewsOilPoliticsRegulationsSolarUtilitiesWind

Canada pushes out target for net-zero electricity grid by 15 years

Canada's Clean Electricity Regulations now target a net-zero grid by 2050, shifting from a 2035 goal amid industry concerns.

AnalysisCarbon ManagementClimateEmissionsEnvironmentIndigenousOpinionResiliencyUnited Nations

Plans to stabilise Earth’s climate rely on emerging carbon removal technology — we need to get moving

With rising carbon emissions and 2024 set to be the hottest year, CO2 removal is vital for achieving net-zero goals.

FILE - In this Jan. 14, 2019, file photo, Pacific Gas & Electric vehicles are parked at the PG&E Oakland Service Center in Oakland, Calif. (AP Photo/Ben Margot, File)
BusinessEfficiencyElectricityFinanceInfrastructureNatural GasNewsRegulationsTransmissionUtilities

California’s Pacific Gas & Electric could receive $15B in federal loans to modernize its power grid

PG&E could secure up to $15 billion in federal loans for power grid modernization and clean energy projects across California.

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