Focus on Economy
Trump energy pick wrote ESG report hailing oil, gas, downplaying climate worry
Chris Wright, President-elect Donald Trump's pick to lead the energy department, believes fossil fuels are the key to ending world poverty.
Automakers urge Trump to preserve EV tax credits, boost self-driving cars
Automakers urge Trump to retain EV tax credits, ease emissions rules, and support self-driving tech amid rising competition from China.
Global climate funds set for first annual outflows, Morningstar says
For the first time, global climate funds face net withdrawals, with $24B pulled in 2024 amid poor returns, greenwashing, and anti-ESG sentiment.
Scania says it will lend Northvolt $100 million under US Chapter 11 bankruptcy deal
Swedish truckmaker Scania will lend Northvolt $100 million as part of the struggling battery maker's U.S. Chapter 11 bankruptcy protection deal.
Indian PM Modi highlights interest in Guyana’s oil
India seeks oil from Guyana, citing rising energy needs, as the two nations sign agreements on energy, agriculture, and defense cooperation.
Volkswagen workers head towards strikes from December
Volkswagen unions plan warning strikes from Dec. 1 as talks stall over factory closures and cost-cutting amid electric transition woes.
New York grid operator warns of undersupply in 2033
New York City risks power shortfalls by 2033 as rising demand clashes with reduced fossil-fired generation, NYISO warns.
Analysis: Trade demands clash with climate agenda at COP29 talks
Developing nations at COP29 decry trade barriers like the EU's carbon border levy, warning they hinder green transitions and climate equity.
Advocates make economic case for green steel production at Dearborn, Michigan plant
A recent report suggests it's time to convert Cleveland-Cliffs' Dearborn Works to green hydrogen technology ahead of the 2027 blast furnace relining.
Judge puts stop to governor’s effort to remove Virginia from greenhouse gas initiative
Virginia formally exited the compact at the end of 2023, but the state legislature must give its stamp of approval.
