Friday, 24 January 2025

Focus on Infrastructure

FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.  REUTERS/Issei Kato/File Photo
BusinessEconomyIndustryInfrastructureNewsPoliticsTrade

Nippon Steel rebuts US Committee on Foreign Investment’s case against its US Steel bid

Nippon Steel defends its $14.9 billion bid for U.S. Steel, arguing U.S. politics, not security, drive opposition to the deal.

Wind turbines at Makara Beach, Wellington, New Zealand. Photo by Nate Watson on Unsplash
AnalysisElectricitySolarStorageUtilitiesWind

NZ energy crisis: electricity demand will jump as NZ decarbonises – can renewable generation keep up?

New Zealand will need more generation capacity to decarbonise the economy. The question is, can New Zealand do it?

Pembina Pipeline Corp. logo is shown in a handout. Pembina Gas Infrastructure Inc. has signed a deal to buy a group of midstream assets from Veren Inc. for $400 million.
PGI is owned by Pembina Pipeline Corp. and private equity firm KKR. THE CANADIAN PRESS/HO
BusinessFuelInfrastructureLiquefied Natural GasNatural GasNews

Pembina Gas Infrastructure signs $400M deal to buy midstream assets from Veren

PGI will acquire four batteries in the Gold Creek and Karr areas, which handle natural gas and liquids.

FILE PHOTO:Smoke and steam billows from a coal-fired power plant in Suralaya, Banten province, Indonesia, July 11, 2020. REUTERS/Willy Kurniawan/File Photo
CoalEconomyElectricityFuelInfrastructureNewsPoliticsTransmission

Indonesia has yet to receive promised G7 funds to reduce coal use

Minister overseeing mining complains of inadequacies in financing mechanism designed to ease Indonesian transition from coal, backed by G7.

FILE PHOTO: The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. REUTERS/Washington Alves/File Photo
IndigenousIndustryInfrastructureNews

Vale, BHP, Samarco could close $18 billion deal over Brazil dam collapse, sources say

Vale, BHP, and Samarco may settle with Brazil for 100 billion reais over the 2015 dam collapse, sources suggest October deal.

BC Ferries are seen leaving Horseshoe Bay near West Vancouver, B.C., March 16, 2020. Approximately 800 litres of light hydraulic oil have spilled from a British Columbia ferry into the sea after a propeller fell off.  THE CANADIAN PRESS/Jonathan Hayward
BiodiversityEmissionsEnvironmentIndigenousMaritimeNewsOilResiliencyTransmission

Propeller falls off BC Ferries vessel, spilling 800 litres of oil

About 800 litres of light hydraulic oil have spilled into the sea from a BC Ferries vessel after one of its propellers fell...

A general view of electric lines as demand for power surges during a period of hot weather in Houston, Texas, U.S. June 27, 2023. REUTERS/Callaghan O’Hare/ File Photo
BusinessFinanceIndustryInfrastructureNatural GasNewsPoliticsRegulations

Texas gas plant proposal rejected from state financing program

Texas energy regulators denied public funding for Aegle Power's 1.3 GW natural gas plant, citing due diligence failures.

Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.  REUTERS/Issei Kato
IndustryInfrastructureNewsPoliticsRegulationsTrade

US warns against Nippon merger with US Steel, citing China steel glut

U.S. warns Nippon's $14.9B U.S. Steel bid risks national security by reducing domestic steel supply and production.

FILE PHOTO: U.S. Treasury Secretary Janet Yellen speaks during a G20 event in Barra da Tijuca, Rio de Janeiro, Brazil, on July 25, 2024. REUTERS/Tita Barros/File Photo
BusinessEconomyElectricityFinanceNewsPoliticsUtilities

Yellen warns ending US clean energy tax credits would raise consumer costs

Treasury Secretary Yellen warns that reversing Biden's clean energy tax credits would raise costs, hurt U.S. jobs, and benefit China.

A large tidal power turbine built for Nova Scotia Power is shown in Dartmouth, N.S. on Wednesday, Sept. 23, 2009. The company Occurrent, which developed a separate test project, has recently become the latest in a series of failed efforts to harness the Bay of Fundy's tides. THE CANADIAN PRESS/Andrew Vaugh
BusinessIndustryInfrastructureMarineNewsUtilities

Energy firm Occurrent bidding to produce power from Canada’s Fundy tides files for bankruptcy

Another company, Occurrent, has filed for insolvency after failing to develop tidal power in the Bay of Fundy, raising concerns.

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