Saturday, 1 February 2025

Focus on Fuel

FILE PHOTO: A general view of the Tata Steel factory, where the producer presents two installations which, the company expects, will ensure fewer emissions, in IJmuiden, Netherlands, January 25, 2024. REUTERS/Piroschka van de Wouw/File Photo
BusinessClimate FinanceElectricityEmissionsNatural GasNewsSolarWind

Net zero target needs $3.5 trillion in annual green energy investment, Wood Mackenzie says

Investment in the green energy transition must double to meet the Paris Agreement's net zero goal by 2050, says Wood Mackenzie.

An image of oil production equipment, including drilling rigs and storage tanks, set against a clear sky.
BusinessElectric Vehicles (EVs)NewsOil

World Bank expects oil glut to cause commodity price slump

The World Bank predicts global commodity prices will hit a five-year low next year due to an oil glut and flat demand from...

AgricultureAnalysisCarbon ManagementEmissions

Spreading crushed rock over farmland can remove CO2 from the atmosphere if we do it right

Enhanced rock weathering could significantly boost CO2 removal from the atmosphere, but accurate measurement methods are essential.

Belgium's energy island will host transformers and other high-voltage equipment (AFP)
AnalysisBusinessElectricityNatural GasNuclear PowerOffshore WindOilWind

World’s first green energy island sails into cost storm

Belgium's energy island project for offshore wind faces costs soaring to seven billion euros, sparking calls to halt amid political pushback.

FILE PHOTO: Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo
BusinessEconomyNewsOilTrade

BP third quarter profit slumps to $2.3 billion as oil demand sags

The 30 per cent drop in profits from a year earlier comes amid a slowdown in global economy activity and oil demand, particularly...

A decade after the Cuban government said it aimed to produce 24 percent of its electricity from renewables by 2030, the Caribbean island has made little progress, as evidenced by nationwide blackouts caused by a power grid failure (AFP)
AnalysisBiofuelsElectricityIndigenousIndustryInfrastructureSolarWind

Cuban blackout highlights urgency of boosting renewables: experts

Cuba's recent blackout highlights its struggle to transition from outdated oil-fired power plants to renewables amid severe economic strain.

FILE PHOTO: The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020.  REUTERS/Adrees Latif/File Photo
EconomyNewsOilPoliticsTrade

US seeks up to three million barrels of oil for emergency reserve

The U.S. seeks up to three million barrels for the Strategic Petroleum Reserve, but funding issues may limit future purchases.

The consultation will run until November 26 (PA)
BusinessElectricityFuelNewsPolitics

Views sought on reforms to Scotland’s energy infrastructure planning

A consultation on proposed changes has been launched to make the system for considering large energy projects in Scotland more efficient.

FILE PHOTO: The TotalEnergies logo sits on the company's headquarters skyscraper in the La Defense business district near Paris, France, June 26, 2023. REUTERS/Stephanie Lecocq/File Photo
BusinessElectricityInfrastructureManufacturingNatural GasNewsSolar

QatarEnergy takes 50% stake in TotalEnergies solar project in Iraq

QatarEnergy takes a 50 per cent stake in TotalEnergies’ 1.25 GW solar project in Iraq, aiming to boost Iraq’s power supply by 2027.

AgricultureAnalysisCarbon ManagementEmissionsEmissions MarketsIn-DepthVoluntary Carbon Markets (VCMs)

Crushed rock spread across Ontario fields in new push to capture carbon

A carbon capture partnership in Ontario is harnessing crushed rock to remove CO2 from the air and store it in soil.

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