Monday, 12 May 2025

International

FILE PHOTO: Wind turbines and an electrical power line are shown in Palm Springs, California, U.S., October 12, 2024. REUTERS/Mike Blake/File Photo
BusinessClimate FinanceElectricityInfrastructureNewsNuclear PowerPoliticsSolarStorageTransmissionUtilitiesWind

US announces nearly $23 billion in loans to energy utilities across 12 states

The financing will come through the energy infrastructure reinvestment program at the department's Loan Programs Office.

FILE PHOTO: Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo
BusinessFuelLabourNewsOil

BP cuts over 5% of workforce to reduce costs

BP told staff that 3,000 contractor positions will also be cut.

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/File Photo
AnalysisOilOpinionTrade

Column: China response key to crude oil after new sanctions on Russia

China may cut crude imports and tap inventories as U.S. sanctions on Russian oil disrupt supply, pressuring global prices.

FILE PHOTO: A model of a pump jack is seen in front of the displayed word "Sanctions",  U.S. and Russia flag colours in this illustration taken March 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
NewsPoliticsTrade

US issues fresh round of sanctions against Russia ahead of Trump return to White House

The U.S. imposed new sanctions on nearly 100 Russian entities amid ongoing efforts to tighten pressure on Moscow over Ukraine.

Iraqi Prime Minister Mohammed Shia al-Sudani (L) met British counterpart Keir Starmer as he visits London (POOL)
ElectricityNatural GasNewsOilTrade

BP nears deals for oil fields, curbs on gas flaring in Iraq

The mega-project in northern Iraq will include plans to recover flared gas to boost the country's electricity production.

A wood pellet plant operated by U.K.-based energy company Drax Group is seen in Gloster, Miss., in 2024. (The Perfect Shot/Southern Environmental Law Center via AP)
AnalysisClimateFinance

Investigation: How mega-polluters take advantage of billions in green loans

Sustainability-linked loans are under scrutiny for enabling major polluters to avoid accountability while expanding harmful operations.

AnalysisClimate FinanceCoalElectric Vehicles (EVs)ElectricityEmissionsOilSolarStorage

Analysis: Solar surge will send coal power tumbling by 2030, IEA data reveals

Carbon Brief analysis of IEA data: Global electricity generation from solar will quadruple by 2030 and help to push coal power into reverse.

FILE PHOTO: Workers clean panels at a solar park in Modhera, India's first round-the-clock solar-powered village, in the western state of Gujarat, India, October 19, 2022. REUTERS/Sunil Kataria/File Photo
Climate FinanceEmissionsNews

Climate Investment Funds secures $500 million debut bond for clean energy transition

CIF's $500M debut bond, aimed at funding low-carbon tech in emerging markets, is six times oversubscribed, signifying strong investor interest.

FILE PHOTO: A crude oil tanker sails in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File Photo
MaritimeNewsOilPoliticsRegulationsTradeUnited Nations

Risks from unregulated tanker fleet rising, UN shipping chief says

UN shipping chief warns shadow fleet poses rising risks to environment, seafarers amid sanctions on Russia, Iran, Venezuela.

AnalysisBusinessCritical MineralsOpinionTrade

Column: Copper’s early-year rally leaves investors unimpressed

Copper prices rise in January, yet market remains cautious amid fears of US tariffs and a potential trade war as Trump takes office.