Saturday, 18 May 2024

Politics

FILE PHOTO: PDVSA's U.S. unit Citgo Petroleum refinery is pictured in Sulphur, Louisiana, U.S., June 12, 2018. REUTERS/Jonathan Bachman/File Photo
BusinessCourtsPolitics

Citgo bidders can be asked how accommodate bondholder claims

Bidders can be required to say if their offers cover claims by Venezuela bondholders in a separate court action

FILE PHOTO: The U.S. Capitol dome is seen from the the East lawn in Washington, U.S., May 9, 2024. REUTERS/Kaylee Greenlee Beal/File Photo
AgricultureClimateLegislation

US House farm bill proposal faces slim Senate odds

The US House farm bill includes provisions to reduce spending on food aid for the poor and efforts to help farmers fight climate...

EmissionsPoliticsTransport

Manhattan judge hearing arguments on challenges to NYC driver fee

New York’s plan to levy a hefty toll on drivers entering Manhattan is the focus of a legal battle set to play out...

ClimateEnvironmentLegislationPoliticsWind

Florida slammed for bill striking climate change from state law

Democrats on Thursday slammed a new law introduced by Florida that makes climate change a lesser priority and largely removes the phrase from...

Prime Minister Justin Trudeau says Opposition Leader Pierre Poilievre has pledged to scrap the price on carbon and the rebates associated with Ottawa's program at a time when parts of the country are ablaze with early-season wildfires. Poilievre speaks during a Canada Strong and Free Network event in Ottawa, on Thursday, April 11, 2024. THE CANADIAN PRESS/Spencer Colby
ClimateEconomyLegislationPoliticsWeather

Canada’s PM says rival would rather ‘watch the country burn’ than fight climate change

Canada's Prime Minister Justin Trudeau says Opposition Leader Pierre Poilievre's pledges to axe carbon pricing come at a time of wildfires and other...

FILE PHOTO: International Monetary Fund spokesperson Julie Kozack speaks to reporters at the IMF's headquarters, ahead of the joint IMF-World Bank annual meetings in Marrakech, Morocco taking place on October 9-15, in Washington, U.S. September 28, 2023. REUTERS/Andrea Shalal/File Photo
EconomyPoliticsSolarTrade

IMF: U.S. should keep open trade, work with China to resolve disputes

The International Monetary Fund says the U.S. would be better served by maintaining its open trade system rather than imposing new punitive duties...

FILE PHOTO: National Economic Council Director Lael Brainard speaks during the daily briefing at the White House in Washington, U.S., October 26, 2023. REUTERS/Ken Cedeno/File Photo
Critical MineralsEconomyElectric VehiclesPoliticsTrade

White House’s Brainard says China’s exports can undermine investments in US

"China is now simply too big to play by its own rules," says White House national economic adviser Lael Brainard.

FILE PHOTO: An oil tanker sails on Lake Maracaibo, in Cabimas, Venezuela October 14, 2022. REUTERS/Issac Urrutia/File Photo
BusinessOilPoliticsTrade

US to favor existing investors for Venezuela oil licenses: sources

The move appears designed to encourage companies that have projects frozen because of U.S. sanctions, such as Italy's Eni and Spain's Repsol, to...

A Tesla sign is displayed over a Tesla showroom in Malmo, Sweden, December 14, 2023. REUTERS/ Tom Little/File Photo
CourtsElectric Vehicles

Swedish court rejects Tesla appeal in licence plate case

A Swedish appeals court upheld a dismissal of Tesla's lawsuit against Sweden's Transport Agency in a conflict over licence plates

FILE PHOTO: The International Energy Agency chief Fatih Birol poses during an interview with Reuters in Paris, France, December 15, 2023. REUTERS/Sarah Meyssonnier/File Photo
ClimatePolitics

A second Trump term would target IEA’s green focus, advisers say

Donald Trump would likely push to replace the head of the International Energy Agency if he wins the U.S. presidential election

FILE PHOTO: International Monetary Fund spokesperson Julie Kozack speaks to reporters at the IMF's headquarters, ahead of the joint IMF-World Bank annual meetings in Marrakech, Morocco taking place on October 9-15, in Washington, U.S. September 28, 2023. REUTERS/Andrea Shalal/File Photo
EconomyPoliticsSolarTrade

IMF: U.S. should keep open trade, work with China to resolve disputes

The International Monetary Fund says the U.S. would be better served by maintaining its open trade system rather than imposing new punitive duties...

Petrobas CEO Jean Paul Prates (L) speaks during the CERAWeek oil summit in Houston, Texas in March 2024 (AFP)
OilPolitics

Chief of state oil company dismissed in Brazil

Jean Paul Prates, an ally of President Lula, dismissed after spat with shareholders over dividend payments.

FILE PHOTO: John Podesta, the White House senior adviser for clean energy, delivers a speech during the CERAWeek energy conference in Houston, Texas, U.S., March 6, 2023.  REUTERS/Callaghan O'Hare/File Photo
ClimateCoalEconomyElectricityEmissionsPoliticsSolarTradeUnited Nations

US discussed ‘overcapacity’ in Chinese solar manufacturing, coal in climate talks

The United States and China discussed Chinese overcapacity in solar and battery manufacturing, steel production and coal power during two days of bilateral...

ClimateEmissionsPoliticsTradeUnited Nations

U.S., China to discuss methane at COP29 summit: State Dept.

The U.S.-China Climate Working Group intends to discuss methane and non-carbon dioxide greenhouse gasses at the upcoming United Nations COP29 climate summit.

FILE PHOTO: The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria April 9, 2020.  REUTERS/Leonhard Foeger/File Photo
BusinessOilTrade

OPEC switches to ‘call on OPEC+’ in global oil demand outlook, sources say

From this month, OPEC will reportedly only give estimate of demand for crude from the wider OPEC+ group as it is 'more relevant'.

FILE PHOTO: The sun sets next to a smokestack from a coal-burning power station in Beijing January 9, 2008.  REUTERS/David Gray
BusinessClimatePolitics

Corporate climate watchdog document deems carbon offsets largely ineffective

UN-backed non-profit's findings in draft document show that carbon credit schemes fail to deliver benefits and exaggerate their effectiveness.

FILE PHOTO: White House National Security Advisor Jake Sullivan speaks during a press briefing at the White House in Washington, U.S., April 9, 2024. REUTERS/Kevin Lamarque/File Photo
ElectricityNuclearPoliticsTrade

How might a US-Saudi civil nuclear deal work?

US National Security Adviser will visit Saudi Arabia this weekend for talks expected to touch on a civil nuclear cooperation agreement

ClimateEnvironmentLegislationPoliticsWind

Florida slammed for bill striking climate change from state law

Democrats on Thursday slammed a new law introduced by Florida that makes climate change a lesser priority and largely removes the phrase from...

FILE PHOTO: The logo of the U.S. Bureau of Land Management, an arm of the Department of Interior, is seen on a sign in the Carrizo Plain National Monument, California, U.S., April 16, 2023. REUTERS/Nichola Groom/File Photo
BusinessCourtsEnvironmentFuelNatural GasOilPoliticsRegulationsResiliency

Oil, gas groups sue to block US rule hiking drilling fees on federal lands

Under the new policy finalized last month, oil and gas companies will pay higher bonds to help ensure old oil and gas wells...

FILE - A truck carrying 250 tons of coal hauls the fuel to the surface of the Spring Creek mine, April 4, 2013, near Decker, Mont. The Biden administration is proposing to end new coal leases from federal lands in the Powder River Basin of Montana and Wyoming, which includes Spring Creek. (AP Photo/Matthew Brown, File)
CoalEmissionsFuelMiningPoliticsRegulations

US proposes ending new federal leases in its biggest coal region

The Bureau of Land Management proposal would affect millions of acres of U.S. federal lands and underground mineral reserves in the Powder River...

FILE PHOTO: National Economic Council Director Lael Brainard speaks during the daily briefing at the White House in Washington, U.S., October 26, 2023. REUTERS/Ken Cedeno/File Photo
Critical MineralsEconomyElectric VehiclesPoliticsTrade

White House’s Brainard says China’s exports can undermine investments in US

"China is now simply too big to play by its own rules," says White House national economic adviser Lael Brainard.

A parliamentary committee has summoned Canada's big five bank CEOs to talk about the environmental and climate impacts of the financial system. Bank towers are in Toronto's financial district on Wednesday, June 16, 2010. THE CANADIAN PRESS/Adrien Vecz
Politics

Banks summoned to House of Commons environment committee

OTTAWA — A parliamentary committee has summoned Canada’s big five bank CEOs to talk about the environmental and climate impacts of the financial...

Environment Minister Steven Guilbeault is ordering all petrochemical companies which operate in Sarnia, Ont., to take steps to control leaks of the cancer-causing chemical benzene. A petrochemical plant is seen in Sarnia, Ont., Wednesday, Jan. 26, 2022. THE CANADIAN PRESS/Chris Young
EnvironmentPolitics

Feds order benzene leak fixes in Sarnia, Ontario, after plastic pollution

Environment Minister Steven Guilbeault is ordering all petrochemical companies in Sarnia, Ontario, to control leaks of the chemical benzene

Prime Minister Justin Trudeau says Opposition Leader Pierre Poilievre has pledged to scrap the price on carbon and the rebates associated with Ottawa's program at a time when parts of the country are ablaze with early-season wildfires. Poilievre speaks during a Canada Strong and Free Network event in Ottawa, on Thursday, April 11, 2024. THE CANADIAN PRESS/Spencer Colby
ClimateEconomyLegislationPoliticsWeather

Canada’s PM says rival would rather ‘watch the country burn’ than fight climate change

Canada's Prime Minister Justin Trudeau says Opposition Leader Pierre Poilievre's pledges to axe carbon pricing come at a time of wildfires and other...

Nova Scotia’s premier says the federal government’s criteria for funding important transportation links should be the same in every region of the country. Nova Scotia Premier Tim Houston speaks to reporters at the Nova Scotia legislature in Halifax, Thursday, Feb. 29, 2024. THE CANADIAN PRESS/Darren Calabrese
EconomyInfrastructurePoliticsResiliencyTransportWeather

Nova Scotia premier wants equal treatment for land corridor after feds buy Quebec bridge

Both Nova Scotia and New Brunswick want Canada's federal government to pay to strengthen the dike system along the vital land corridor between...

Smoke from the McDougall Creek wildfire fills the air and nearly blocks out the sun as people take in the view of Okanagan Lake from Tugboat Beach, in Kelowna, B.C., on August 18, 2023. THE CANADIAN PRESS/Darryl Dyck
BusinessEconomyResiliencyWeather

‘The whole country is not on fire’: Canadian tourism industry struggles as wildfires rage

Beth Potter, president of the Tourism Industry Association of Canada, says many international visitors see a headline about wildfires in one part of...

Current investment plans could result in only 50 percent of the lithium supply needed for countries to meet their climate goals in 2035 (AFP)
ClimateCritical MineralsEconomyElectric VehiclesSolarWind

IEA warns of key energy mineral shortage risk

The sharp drop in prices for minerals critical to the green energy transition is masking a looming shortage due to inadequate investment

FILE PHOTO: Demonstrators protest against the expansion of the Tesla Gigafactory, in Gruenheide near Berlin, Germany, May 11, 2024. REUTERS/Christian Mang/File Photo
AutomotiveBusinessElectric VehiclesLegislationManufacturingPolitics

Tesla gets local council OK for German factory expansion

Tesla got the go-ahead for an expansion of its German factory near Berlin from the local council despite protests against the U.S. electric...

BusinessEconomyElectricityPoliticsTradeWind

Siemens Energy boss says there can be no energy transition without China

Europe's energy sector relies too much on China to entertain the idea of de-risking, says the CEO of Siemens Energy.

A Tesla sign is displayed over a Tesla showroom in Malmo, Sweden, December 14, 2023. REUTERS/ Tom Little/File Photo
CourtsElectric Vehicles

Swedish court rejects Tesla appeal in licence plate case

A Swedish appeals court upheld a dismissal of Tesla's lawsuit against Sweden's Transport Agency in a conflict over licence plates

ElectricityInfrastructurePoliticsTradeTransmissionUtilities

Ukraine plans record power imports after Russian attacks on energy system

Ukraine plans record high electricity imports after significant energy infrastructure damage from recent Russian strikes on its energy system.

EconomyNatural GasOilPoliticsTradeTransmission

Putin: Oil pipeline could run alongside planned gas link to China

MOSCOW — Russia could deliver oil as well as gas to China along a planned route via Mongolia, President Vladimir Putin said on...

FILE PHOTO: Chief Executive of Gazprom Alexei Miller attends a news conference following the talks between Russian President Vladimir Putin and Serbian President Aleksandar Vucic in Sochi, Russia December 4, 2019. REUTERS/Shamil Zhumatov/Pool/File Photo
BusinessEconomyNatural GasPoliticsTrade

Gazprom CEO Miller is in Iran as Putin prepares to visit China

Gazprom CEO Alexei Miller is on a working visit to Iran, the company said on Wednesday, just as President Vladimir Putin prepares to...

FILE PHOTO: Japan's incoming Economy, Trade and Industry Minister Ken Saito speaks to media at Prime Minister Fumio Kishida's official residence in Tokyo, Japan December 14, 2023. REUTERS/Issei Kato
InfrastructurePoliticsResiliency

Japan starts energy talks to balance supply risks with net zero goal

Japan's net zero strategy under review as part of government plans to balance decarbonisation with energy security.

FILE PHOTO: Chinese and U.S. flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS/Tingshu Wang/File Photo
PoliticsTrade

China says ‘bullying’ tariff hike shows that some in US have lost their minds

"The US has lost its self-confidence," says Chinese minister in rebuttal of President Biden's tariffs.

FILE PHOTO: A truck passes by a chemical factory near the Jinjie Industrial Park in Shenmu, Shaanxi province, China November 20, 2023. REUTERS/Ella Cao/File Photo
EfficiencyInfrastructureRegulations

China calls for stepped-up energy-efficiency plans to meet targets

State planning agency orders provinces across China to develop energy efficiency plans for biggest carbon consumers.

FILE PHOTO: A drone shows flooded streets at the centre of Porto Alegre, Rio Grande do Sul, Brazil, May 7, 2024. REUTERS/Diego Vara/File Photo
ClimateEconomyMaritimeTransportWeather

Cargo shipments slow at Brazil southern port amid flooding: officials

The Rio Grande port authority said the impact of excess rains and heavy flooding on cargo shipments will only be possible to assess...

FILE PHOTO: Consumers shop at a weekly street market in Rio de Janeiro, Brazil, September 2, 2021. REUTERS/Ricardo Moraes/File Photo
AgricultureClimateEconomyPoliticsWeather

Brazil’s government hikes 2024 GDP forecast, sees higher inflation

Brazil's Finance Ministry on Thursday hiked its projection for economic growth this year but also raised inflation estimates for 2024 and 2025, underlining...

FILE PHOTO: An oil tanker sails on Lake Maracaibo, in Cabimas, Venezuela October 14, 2022. REUTERS/Issac Urrutia/File Photo
BusinessOilPoliticsTrade

US to favor existing investors for Venezuela oil licenses: sources

The move appears designed to encourage companies that have projects frozen because of U.S. sanctions, such as Italy's Eni and Spain's Repsol, to...

FILE PHOTO: Magda Chambriard, director of the ANP oil agency, attends a news conference in Rio de Janeiro May 23, 2013.    REUTERS/Ricardo Moraes/File Photo
AnalysisBusinessEconomyIn-DepthLabourOilPolitics

Magda Chambriard, new Petrobras CEO, tasked with firing up job creation in Brazil

The next chief executive of Petrobras, Magda Chambriard, arrives with the résumé and mandate to make Brazil's state-run oil firm what it was...

Flooding has claimed nearly 150 lives and displaced hundreds of thousands of people (AFP)
ClimateElectionsPoliticsResiliencyWeather

Floods unite Brazilians in solidarity despite political rift

At a former railway station in Rio de Janeiro, a fast-growing mountain of food, bottled water and clothes donated to Brazil's thousands of...

FILE PHOTO: White House National Security Advisor Jake Sullivan speaks during a press briefing at the White House in Washington, U.S., April 9, 2024. REUTERS/Kevin Lamarque/File Photo
ElectricityNuclearPoliticsTrade

How might a US-Saudi civil nuclear deal work?

US National Security Adviser will visit Saudi Arabia this weekend for talks expected to touch on a civil nuclear cooperation agreement

Energy Minister Saad al-Kaabi sets out QatarEnergy's plans to boost LNG production capacity at the Qatar Economic Forum in Doha (AFP)
Liquefied Natural GasNatural GasTrade

Qatar eyes more long-term gas supply deals this year

Energy Minister says Qatar LNG business is booming with 25m tonnes secured last year and 'huge demand' on the horizon.

ClimateFuelInfrastructurePolitics

Inaugural Africa clean cooking summit sees $2.2 billion pledged

Inaugural summit on Clean Cooking in Africa raises billions in pledges to move continent away from open fires and agricultural waste.

FILE PHOTO: A building of China National Offshore Oil Corp (CNOOC) headquarters is pictured in Beijing, China March 8, 2021. REUTERS/Tingshu Wang/File Photo
BusinessFuelLiquefied Natural GasNatural GasOilPoliticsTrade

Chinese companies win more bids to explore for Iraq oil and gas

Chinese companies won five more bids to explore Iraqi oil and gas fields, Iraq's oil minister said on Sunday

FILE PHOTO: Iraqi Prime Minister Mohammed Shia al-Sudani attends the fifth plus and sixth licensing rounds for 29 oil and gas exploration blocks at the Oil Ministry's headquarters in Baghdad, Iraq, May 11, 2024. REUTERS/Thaier Al-Sudani/File Photo
BusinessFuelLiquefied Natural GasOilPoliticsTrade

Chinese companies win licensing bids to explore Iraq oil and gas fields

Chinese companies won bids to explore five Iraqi oil and gas fields on Saturday in a licensing round for hydrocarbon exploration aimed at...

Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign event in Freeland, Michigan, U.S. May 1, 2024.  REUTERS/Brendan McDermid/File Photo
PoliticsTrade

Trump says US China tariffs needed on other vehicles, products

Former President speaks out against Biden's tariffs on way to court.

ClimateFuelInfrastructurePolitics

Inaugural Africa clean cooking summit sees $2.2 billion pledged

Inaugural summit on Clean Cooking in Africa raises billions in pledges to move continent away from open fires and agricultural waste.

An official adjusts the flags before G7 foreign ministers gather for a family photo during their meetings in Tokyo, Japan, November 8, 2023. REUTERS/Jonathan Ernst/Pool/File Photo
PoliticsTrade

G7 to discuss global trade risks after US tariffs on China

Italian economy minister says US tariffs against China will be discussed next week at G7 meeting.

U.S. and Chinese flags are seen in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
PoliticsTrade

China strongly opposes U.S. tariff hikes, pledging to defend rights

Beijing fights back against Biden’s new tariffs, warning that 'bilateral cooperation' will be affected.

A man walks past the national flags of China and the U.S. before a meeting between China's Vice Premier He Lifeng and U.S. Treasury Secretary Janet Yellen at the Guangdong Zhudao Guest House, in Guangzhou, Guangdong province, China, April 6, 2024. REUTERS/Tingshu Wang/File Photo
BusinessPoliticsTrade

Factbox: What are Biden’s new tariffs on China goods?

From aluminum to zinc… everything covered by Biden’s new China tariffs in a push against "overcapacity" and "non-market practices".

FILE PHOTO: A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. REUTERS/Paresh Dave/File Photo
AutomotiveBusinessElectric VehiclesPoliticsTransport

US opens probe into Waymo over performance of self-driving taxis

Waymo robotaxi probe opened after potential traffic violations reported to NHTSA.

Office workers walk past the General Post Office building during lunchtime in Sydney, Australia May 4, 2018. REUTERS/Edgar Su/File Photo
EconomyElectionsPoliticsUtilities

Australia doles out energy relief in balm for inflation

Australian energy relief estimates $3.5bn to ease the pressure of bills, while budget also proposes tax incentives for development of hydrogen power.

FILE PHOTO: FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, March 1, 2023.REUTERS/Johanna Geron/File Photo
BusinessFinancePoliticsRegulations

EU finalises investment fund labels to combat greenwashing

ESMA greenwashing crackdown rules will mean investment funds with sustainability-related names must have 80% of assets meet ESG objectives.

FILE PHOTO: U.S. President Joe Biden looks on as he holds a press conference about his meeting with Chinese President Xi Jinping before the start of the Asia-Pacific Economic Cooperation (APEC) summit in Woodside, California, U.S., November 15, 2023. REUTERS/Kevin Lamarque/File Photo
BusinessEconomyElectric VehiclesPoliticsTrade

Biden sharply hikes US tariffs on an array of Chinese imports

Steep China tariffs imposed due to 'unacceptable risks' to the United States' economy, with 100% tariff hitting cheap electric vehicles.

U.S. President Joe Biden delivers remarks at a reception celebrating Asian American, Native Hawaiian, and Pacific Islander Heritage Month, in the Rose Garden of the White House, in Washington, U.S., May 13, 2024. REUTERS/Elizabeth Frantz
NuclearPoliticsTrade

Biden signs ban on imports of Russian nuclear reactor fuel into law

Enriched Russian uranium will not be imported to the United States in President Biden's latest effort to disrupt Putin's regime.