Focus on Economy
India’s steel expansion could hinder net zero emission goal, GEM says
India's coal-driven steel expansion risks derailing its net-zero 2070 target, warns GEM, citing $187B in stranded assets.
Analysis: Lithium supply surplus set to stay with battery makers’ help
Global lithium oversupply persists as Chinese-backed mines defy weak prices, sustaining EV battery production but hurting profits.
B.C. selects nine wind power projects to boost energy supply by eight per cent a year
B.C. has okayed nine wind energy projects that will boost its hydro-electric grid by eight per cent a year, enough to power 500,000...
California law, refinery exit reflect ongoing fuel market challenges, EIA says
Fuelmakers in California could face more headwinds next year as new legislation takes effect and refining margins remain weak.
Advocates frustrated by lack of transparency, engagement on hydrogen hub projects in U.S. Midwest, Appalachian regions
Advocates say government is failing to deliver promised transparency and engagement around its $7 billion clean hydrogen hub initiative.
US to offer oil and gas leases in Alaska wildlife refuge on Jan. 9
Biden administration to auction 400,000 acres in Alaska's Arctic Refuge for drilling, sparking environmental and economic debates.
US average gasoline price drops below $3 a gallon for the first time since 2021
U.S. gas prices drop below $3/gallon for the first time since 2021, offering relief to consumers amid broader inflationary pressures.
US Supreme Court may limit federal environmental reviews, lessening scrutiny of projects’ climate impacts
Should bureaucrats be required to think through the extended effects of decisions like approving an offshore wind farm?
German VW workers kick off second round of strikes
Volkswagen workers strike for 4 hours, opposing plans to close 3 German plants. Talks with unions stall as savings proposals clash.
BYD on track to top 2024 sales goal and outsell Ford, Honda
BYD gains market share in China's fast-growing auto market, poised to exceed 4M annual sales, surpassing Ford and Honda in 2024.
