Focus on Economy
EU countries mull 20-year tax holiday for jet fuel, document shows
EU countries consider delaying taxes on polluting aviation fuels for 20 years, complicating climate goals for net zero by 2050.
Drivers see cheaper prices at the pump as crude oil slumps
Canadian gas prices drop over 10 cents from August as oil prices see their biggest weekly slump since last October.
France’s Orano aims to enrich uranium in US in early 2030s, says executive
Orano plans to begin enriching uranium in a new U.S. plant by early 2030s, aiming to reduce reliance on Russian supplies.
ADB to devote half its lending to climate finance by 2030
Asian Development Bank hikes climate financing ambitions with a $100bn target and plan to boost private sector projects.
Toyota, Nissan to expand Japan’s battery production capacity, Nikkei reports
Toyota, Nissan, and others, backed by government support, will boost Japan's storage battery production by 50% with a 1 trillion yen investment.
Canada oil industry group calls for changes to anti-greenwashing laws
CAPP urges Canada's Competition Bureau to revise anti-greenwashing laws, citing risks, penalties, and unclear guidelines.
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.
US to spend $7.3 billion on rural clean energy projects
Rural electric cooperatives get a boost from the Inflation Reduction Act as 16 projects funded to bring down costs and increase reliability.
