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Parties urged to seize economic opportunities of speeding up net zero transition (Gareth Fuller/PA)
ClimateEconomyEmissionsNewsPolitics

UK must seize ‘economic opportunity’ of net zero, political parties urged

Speeding up the shift to “net zero” could boost the UK economy by billions – while slowing it down will hit families, political...

FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File Photo/File Photo
AutomotiveBusinessCourtsElectric Vehicles (EVs)FinanceNewsPoliticsTransport

Tesla turns to Musk’s small shareholder fans to back $56bn payday

Tesla is looking for support from retail investors who make up an unusually high percentage of the electric carmaker's ownership base.

Bas Eickhout, lead candidate for the European Greens, reacts to the announcement of the first provisional results for the European Parliament elections, at the European Parliament building, in Brussels, Belgium, June 10, 2024. REUTERS/Piroschka van de Wouw
AnalysisClimateElectionsElectric Vehicles (EVs)EmissionsGreen SteelIn-DepthPoliticsSolarWind

Rightward shift after election could limit future EU climate policies

A more rightward-leaning European Parliament will make it harder to pass ambitious EU climate policies, but the majority of Europe's current world-leading green...

FILE - Australian Prime Minister Anthony Albanese smiles at the end of a press conference in Sydney, July 4, 2023. Albanese said on Monday, June 10, 2024, the opposition would renege on the nation's ambitious target to reduce greenhouse gas emissions by 2030 if the conservative party wins elections due within a year. (AP Photo/Rick Rycroft, File)
ClimateElectionsEmissionsNewsPolitics

Australia’s leader says opposition will renege on emissions target

Anthony Albanese said the opposition Liberal Party would renege on the nation’s ambitious target to reduce greenhouse gas emissions by 2030.

FILE PHOTO: People walk in front of BYD Auto company and Autotorino store in Milan, Italy, March 20, 2024. REUTERS/Claudia Greco/File Photo
AutomotiveBusinessElectric Vehicles (EVs)IndustryNewsPoliticsTrade

European nations compete for Chinese EV factories

While the EU investigates China's auto subsidies and considers tariffs on imports, European governments are dangling incentives.

A car owner pumps at a petrol station in Kuala Lumpur, Malaysia, Monday, June 10, 2024. Diesel price in Malaysia jumped by more than 50% on Monday as part of a revamp of decades-old fuel subsidies to tighten government spending and save billions of ringgits annually. (AP Photo/Vincent Thian)
AutomotiveEconomyFuelNewsPoliticsTransport

Diesel prices jump 56% as Malaysia revamps fuel subsidies

Malaysia's Prime Minister Anwar Ibrahim announced the decision to cut diesel subsidies last month so lower-income groups could prepare.

Since Lomiko Metals Inc., a mining company based in Surrey, B.C., announced plans to build a graphite mine in Laurentians, some residents living nearby have protested the project, ass shown in this undated handout image, fearing the potential harm to the environment.  THE CANADIAN PRESS/HO-Christian Hobden **MANDATORY CREDIT **
ClimateCritical MineralsElectric Vehicles (EVs)EnvironmentMineralsMiningNewsTransport

Residents against graphite mine fear powering Pentagon, environmental ruin

Residents protest Lomiko Metals Inc. plans to build a graphite mine in Laurentians, B.C. fearing potential harm to the environment

Aramco's secondary share offering offers a short-term boost to Saudi Arabia's finances as the Gulf kingdom pursues mega-projects (AFP)
BusinessFinanceFuelNewsOil

Saudi Aramco says foreigners grab ‘majority’ of share offering

Oil giant Saudi Aramco said Sunday international investors snatched up bulk of shares in its latest offering, which was set to raise $11.2bn

FILE PHOTO: General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. REUTERS/Hamad I Mohammed/File Photo
EconomyFuelNewsOilPoliticsTrade

Saudi Arabia’s Q1 oil activities down 11.2%, GDP shrinks estimated 1.7% y/y

Saudi Arabia's Q1 GDP shrank 1.7%y/y, preliminary government data showed on Sunday, as a decline in oil activities weighs on growth

FILE PHOTO: Volvo reveals their new Volvo EX30 fully-electric small SUV vehicle during an event in Milan, Italy June 7, 2023. REUTERS/Claudia Greco/File Photo
AutomotiveBusinessElectric Vehicles (EVs)IndustryManufacturingNewsTransport

Volvo shifting EV production to Belgium to evade China tariffs, The Times reports

Volvo cars has started to shift production of Chinese-made EVs to Belgium as EU crackdown on Beijing-subsidised imports looms

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