Friday, 7 February 2025

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Cepsa to delay $3.3 billion hydrogen projects if Spain’s windfall tax made permanent

Oil companies have been among the most vocal critics of Spain's windfall tax, which has also drawn criticism from utility companies such as...

Windmills are seen amongst houses generating electricity in Punniyavalanpuram, Tamil Nadu, India. (Photo by Creative Touch Imaging Ltd./NurPhoto)
AnalysisClimate FinanceEconomyElectricityEmissionsLegislationOpinionRegulationsReportsSolarStorageWind

After sundown: India must ramp up wind energy capacity to meet electricity demand

Ember: Wind energy can play a critical role in India's energy transition, particularly for its complementary role with solar power after sunset.

New China-built electric vehicles of the company Xpeng are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. REUTERS/Yves Herman/ File Photo
EconomyElectric Vehicles (EVs)NewsPoliticsRegulationsTrade

EU, China agree to more talks on potential alternatives to EV tariffs

The EU and China will soon hold more talks on alternatives to EV tariffs, but significant gaps remain, the EU Commission said.

FILE PHOTO: The logo of Vale SA is pictured in Rio de Janeiro, Brazil, August 7, 2017. Picture taken August 7, 2017. REUTERS/Ricardo Moraes/File Photo
BusinessCritical MineralsEconomyFinanceMiningNews

Vale’s third-quarter profit falls 15% on dam collapse provisions, lower ore prices

Vale's profit fell 15 per cent to $2.41 billion, beating estimates, as lower iron ore prices and Mariana dam provisions weighed on results.

Leeds is one of the cities chosen (Richard McCarthy/PA)
BuildingsEconomyElectricityEmissionsInfrastructureLegislationNewsRegulations

Six towns and cities chosen to pilot England’s first clean heating networks

England's first clean heat network zones will launch in Leeds, Bristol, Plymouth, Stockport, Sheffield, and two London areas.

FILE PHOTO: A Volkswagen logo is seen on media day at the 2024 Paris Auto Show in Paris, France, October 14, 2024. REUTERS/Benoit Tessier/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)Liquefied Petroleum GasManufacturingNewsOilRegulations

VW’s Scout Motors unit will offer EV SUVs, trucks with gas engine option

Volkswagen's Scout Motors unveiled electric SUV and truck concepts with up to 500-mile range, adding gas engines for extended range.

FILE PHOTO: A picture from Munich flying taxi startup Lilium shows its five-seater prototype in Munich, Germany, October, 2019. Lilium/Handout via REUTERS/File Photo
BusinessEconomyElectric Vehicles (EVs)ManufacturingNews

German air-taxi maker Lilium’s units to file for insolvency, shares plunge

Lilium's German subsidiaries filed for insolvency amid a cash crunch, sending shares down 57 per cent.

FILE PHOTO: A general view of molten copper at Anglo American's smelter in Chagres, Chile, obtained by Reuters on April 26, 2024. Anglo American/Handout via REUTERS/File Photo
AnalysisBusinessCritical MineralsEconomyMining

Can Anglo’s copper pivot help thwart renewed takeover bid?

Anglo American’s shift to copper could decide its fate: independence or a renewed BHP bid when the six-month block ends.

A UNEP report has warned of a catastrophic 3.1C rise in temperature (Ben Birchall/PA)
ClimateClimate FinanceEconomyEmissionsEnvironmentIndigenousNewsPoliticsRegulationsUnited NationsWeather

World on track for ‘catastrophic’ 3.1C of global warming this century, UN warns

The world is on track for a “catastrophic” 3.1C of global warming, the UN warns calling for efforts to cut emissions driving climate...

FILE PHOTO: A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023.  REUTERS/Kevin Lamarque/File Photo
BusinessCritical MineralsEconomyFinanceMiningNewsRegulations

US Treasury allows miners to access clean energy manufacturing subsidy

The U.S. Treasury will now allow some mining firms to access a tax credit for clean energy components, after industry pushback.

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