Tuesday, 10 December 2024

Technologies

FILE PHOTO: A screen displays the company logo for Stellantis N.V. on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 31, 2024.  REUTERS/Brendan McDermid/File Photo
BusinessElectric Vehicles (EVs)IndustryManufacturing

Stellantis, Zeta Energy agree to jointly develop lithium-sulfur EV batteries

Stellantis partners with Zeta Energy to develop lithium-sulfur batteries, targeting cost, weight, and performance gains by 2030.

Climate FinanceElectricityOffshore WindPoliticsWind

Denmark disappointed after offshore wind tender draws no bids

Danish Energy Agency says it will consult with market participants to understand why there were no bids on its offshore wind farm tender.

FILE PHOTO: Morning commute traffic streams past the Meta sign outside the headquarters of Facebook parent company Meta Platforms Inc in Mountain View, California, U.S. November 9, 2022.  REUTERS/Peter DaSilva/File Photo
ElectricityGeothermalNuclear PowerSolar

Meta buys credits from four big US solar projects

Meta signed four contracts with Chicago-based energy project developer Invenergy for enough energy to power 130,000 homes.

FILE PHOTO: The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo
BusinessElectricityInfrastructureNuclear PowerSmall Modular Reactors

Meta seeks nuclear power developers for reactors to start in early 2030s

Meta seeks nuclear power proposals to meet AI and clean energy goals, targeting 1-4 GW capacity by 2030 amid rising power demand.

A view of the sky in the early morning during a national electrical grid collapse, in Havana, Cuba, December 4, 2024. REUTERS/Alexandre Meneghini
ElectricityEnvironmentFuelOil

Millions of people in Cuba without power after grid collapse

Cuba's outdated oil-fired power plants reached a crisis point this year, contributing to multiple blackouts.

A lithium-ion battery for electric vehicles (EV) is pictured at the 2024 Paris Auto Show in Paris, France, October 15, 2024. REUTERS/Benoit Tessier/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)Manufacturing

Thailand to extend production timeframe for battery EVs, investment board says

Thailand extends BEV production and boosts hybrid EV incentives to support South East Asia's auto hub.

A logo is displayed on battery maker Northvolt's energy storage system plant in Gdansk, Poland, October 21, 2024. REUTERS/Marie Mannes/File Photo
AutomotiveBusinessElectric Vehicles (EVs)Mining

Northvolt seeks to sell electric industrial battery business by year-end

If Northvolt fails to find a buyer, the firm will have to close due to financial constraints by the end of the year.

The GM logo is seen on the China Headquarters in Shanghai, China, August 29, 2022. REUTERS/Aly Song/File Photo
AutomotiveBusinessElectric Vehicles (EVs)

GM to take more than $5 billion in charges on China operations

GM's China division, once profitable, now loses money as local rivals, boosted by subsidies, outpace U.S. and European carmakers.

A Volkswagen logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo
AutomotiveElectric Vehicles (EVs)

Volkswagen recalls more than 4,600 vehicles in US over battery overheating concerns

The recall affects plug-in hybrids and is due to concerns over overheating high-voltage batteries, raising fire risks.

FILE PHOTO: Workers install a utility pole to support power lines after an unprecedented winter storm in Houston, Texas, U.S., February 22, 2021. REUTERS/Adrees Latif/File Photo
ClimateEfficiencyElectricityInfrastructureTransmissionUtilitiesWeather

Texas extreme winter cold could challenge power grid in early 2025

This winter is forecast to bring sudden bouts of extreme cold to Texas that could test the state's electric grid in early 2025.

A news helicopter flies by as a 130-ton all-terrain crane prepares to place the giant blades onto a massive wind turbine on the top of Grouse Mountain ski resort in North Vancouver, B.C., Friday, Sept. 25, 2009.    THE CANADIAN PRESS/Jonathan Hayward
BusinessClimateEconomyElectricityEmissionsEnvironmentHydropowerIndigenousInfrastructurePoliticsUtilitiesWind

B.C. selects nine wind power projects to boost energy supply by eight per cent a year

B.C. has okayed nine wind energy projects that will boost its hydro-electric grid by eight per cent a year, enough to power 500,000...

ElectricityEmissionsGeothermalPolitics

EU looks to geothermal in drive for energy security, document shows

"The use of geothermal energy contributes to the strategic objectives of the European Union," the draft document said.

Uranium stone is seen at a news conference of Macusani Yellowcake and Plateau Energy in Lima, Peru July 16, 2018. REUTERS/Mariana Bazo/File Photo
ElectionsElectricityFuelNuclear PowerSmall Modular Reactors

Former SpaceX engineer seeks to help end US dearth of special uranium fuel

An ex-SpaceX engineer believes nuclear energy will play a key role in Trump's efforts to expand baseload electricity sources.

Federal Environment Minister Steven Guilbeault announced plans Sunday to put $1 billion towards growing New Brunswick's clean electricity grid. Guilbeault speaks during a news conference, Wednesday, October 2, 2024 in Ottawa.  THE CANADIAN PRESS/Adrian Wyld
BiofuelsCoalElectricityIndigenousNuclear PowerPoliticsRegulationsWind

Ottawa is set to spend more than $1 billion on growing N.B.’s clean electricity grid

Federal Environment Minister Steven Guilbeault says Ottawa will spend more than $1 billion on growing New Brunswick's clean electricity grid.

FILE - A tractor travels down Hunt Road in front of a "Let's Stop Lava Ridge" sign near the Minidoka National Historic Site, July 6, 2023, in Jerome, Idaho. (AP Photo/Lindsey Wasson, File)
CourtsElectricitySolarWind

US approves scaled-down Idaho wind farm near historic Japanese American incarceration site

The agency said the project could power up to 500,000 homes.

Solar panels pictured at the Michichi Solar project near Drumheller, Alta., Tuesday, July 11, 2023.THE CANADIAN PRESS/Jeff McIntosh
BusinessElectricityEnvironmentIndustryInfrastructurePoliticsRegulationsSolarWind

Alberta releases new rules and no-go zones on wind and solar projects

Alberta has released new wind and solar development rules it says are needed to protect the environment, food security and the province's scenery.

The logo of Stellantis is seen on the company's building in Velizy-Villacoublay near Paris, France, March 19, 2024. REUTERS/Gonzalo Fuentes/File Photo
AutomotiveBusinessElectric Vehicles (EVs)Manufacturing

Stellantis, China’s CATL to invest $4.33 billion in EV battery factory in Spain

Stellantis and CATL have set up a 50-50 joint venture for the project and expect to start production by the end of 2026.

FILE PHOTO: The Tesla Cybercab is displayed at a Tesla store in Berlin, Germany, November 20, 2024. REUTERS/Liesa Johannssen/File Photo
BusinessElectric Vehicles (EVs)ManufacturingRegulations

Tesla aims to launch robotaxi with teleoperator backup, Deutsche Bank says

Tesla plans robotaxi service in 2024 with a company-owned fleet and human teleoperators, starting in California and Texas.

FILE PHOTO: A man walks past a logo of Stellantis outside the company's building in Chartres-de-Bretagne near Rennes, France, September 20, 2024. REUTERS/Stephane Mahe/File Photo
AutomotiveBusinessElectric Vehicles (EVs)IndustryManufacturing

Stellantis’ former head of Ram returns to run the brand

Tim Kuniskis returns as Ram CEO to boost Stellantis amid falling sales and profits after Carlos Tavares' unexpected resignation.

Xiaomi's first electric vehicle SU7 is displayed at a showroom of a newly opened Xiaomi store in Beijing, China March 25, 2024. REUTERS/Tingshu Wang/File Photo
AutomotiveBusinessElectric Vehicles (EVs)

China’s Xiaomi to launch new SUV next summer amid rising demands

Xiaomi will launch its first electric SUV, the YU7, as it ventures deeper into China's competitive auto market.

The Fisker logo is shown on the back of a Fisker Ocean electric SUV vehicle at one of the company’s sales, service ands delivery centers in Vista, California, U.S., May 22, 2024.   REUTERS/Mike Blake/File Photo
AutomotiveElectric Vehicles (EVs)

NHTSA closes preliminary probe into 7,745 Fisker Ocean SUVs after software update

The U.S. auto safety regulator opened a probe into unintended vehicle movement in thousands of the startup’s electric vehicles.

FILE PHOTO: The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston, Texas, U.S. September 27, 2020. Picture taken September 27, 2020.  REUTERS/Gary McWilliams/File Photo
BusinessElectricityFinanceFuelInfrastructureNatural GasOilTransmission

Kinder Morgan forecasts higher profit in 2025

The company said it was expecting an adjusted earnings per share of $1.27, up eight per cent compared with its forecast of $1.17...

FILE PHOTO: Gasoline prices are shown at a local gas station as Southern California prices move towards record highs in Carlsbad, California, U.S., September 18, 2023. REUTERS/Mike Blake/File Photo
BusinessEconomyInfrastructureLegislationNatural GasOilPoliticsRegulations

California law, refinery exit reflect ongoing fuel market challenges, EIA says

Fuelmakers in California could face more headwinds next year as new legislation takes effect and refining margins remain weak.

FILE PHOTO: Three polar bears are seen on the Beaufort Sea coast within the 1002 Area of the Arctic National Wildlife Refuge in this undated handout photo provided by the U.S. Fish and Wildlife Service Alaska Image Library on December 21, 2005. U.S. Fish and Wildlife Service Alaska Image Library/Handout via REUTERS/File Photo
BiodiversityBusinessClimateEconomyEnvironmentNatural GasOilPoliticsRegulations

US to offer oil and gas leases in Alaska wildlife refuge on Jan. 9

Biden administration to auction 400,000 acres in Alaska's Arctic Refuge for drilling, sparking environmental and economic debates.

FILE PHOTO: A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023. REUTERS/Bing Guan/File Photo
BusinessEconomyLiquefied Natural GasLiquefied Petroleum GasNatural GasOil

US average gasoline price drops below $3 a gallon for the first time since 2021

U.S. gas prices drop below $3/gallon for the first time since 2021, offering relief to consumers amid broader inflationary pressures.

Uranium stone is seen at a news conference of Macusani Yellowcake and Plateau Energy in Lima, Peru July 16, 2018. REUTERS/Mariana Bazo/File Photo
ElectionsElectricityFuelNuclear PowerSmall Modular Reactors

Former SpaceX engineer seeks to help end US dearth of special uranium fuel

An ex-SpaceX engineer believes nuclear energy will play a key role in Trump's efforts to expand baseload electricity sources.

A news helicopter flies by as a 130-ton all-terrain crane prepares to place the giant blades onto a massive wind turbine on the top of Grouse Mountain ski resort in North Vancouver, B.C., Friday, Sept. 25, 2009.    THE CANADIAN PRESS/Jonathan Hayward
BusinessClimateEconomyElectricityEmissionsEnvironmentHydropowerIndigenousInfrastructurePoliticsUtilitiesWind

B.C. selects nine wind power projects to boost energy supply by eight per cent a year

B.C. has okayed nine wind energy projects that will boost its hydro-electric grid by eight per cent a year, enough to power 500,000...

FILE PHOTO: The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston, Texas, U.S. September 27, 2020. Picture taken September 27, 2020.  REUTERS/Gary McWilliams/File Photo
BusinessElectricityFinanceFuelInfrastructureNatural GasOilTransmission

Kinder Morgan forecasts higher profit in 2025

The company said it was expecting an adjusted earnings per share of $1.27, up eight per cent compared with its forecast of $1.17...

A person takes shelter under an umbrella as they cross the Sean O’Casey Bridge in Dublin’s city centre (Brian Lawless/PA)
ClimateElectricityUtilitiesWeather

Thousands without power and trains cancelled as Storm Darragh hits Britain

Gusts of up to 92mph have been recorded overnight in Capel Curig in North Wales.

FILE PHOTO: A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021.  REUTERS/Brendan McDermid/File Photo
BusinessInfrastructureOilTradeTransmission

Oilfield services provider Flowco shows revenue surge in US IPO filing

Flowco Holdings has filed for a U.S. IPO, targeting a potential $2 billion valuation and listing on the NYSE under the ticker 'FLOC.'

Parliamentary Budget Officer Yves Giroux waits to appear at the Standing Committee on Natural Resources on Parliament Hill, Monday, Nov. 18, 2024 in Ottawa. Giroux estimates Canada's tariffs on Chinese electric vehicles, aluminum and steel will increase federal revenues by $473 million over five years.THE CANADIAN PRESS/Adrian Wyld
AutomotiveBuildingsConstructionEconomyElectric Vehicles (EVs)IndustryInfrastructureManufacturingPoliticsRegulationsTrade

Tariffs on Chinese EVs, aluminum and steel to raise federal revenues by $473M: Canada’s PBO

Canada's tariffs on Chinese EVs, steel, and aluminum are expected to cut imports and boost federal revenues by $473M over five years.

FILE PHOTO: The logo of Anglo American is seen on a jacket of an employee at the Los Bronces copper mine, in the outskirts of Santiago, Chile March 14, 2019 Picture Taken March 14, 2019. REUTERS/Rodrigo Garrido/File Photo
BusinessClimateCritical MineralsEmissionsEnvironmentIndigenousMiningPoliticsRegulations

Chile regulator charges Anglo American mine over environmental violations

Chile charges Anglo American's El Soldado mine with environmental violations, risking closure or a $12M fine without compliance.

Lundin Mining logo is seen in this undated handout photo. THE CANADIAN PRESS/HO-Lundin Mining *MANDATORY CREDIT*
BusinessCritical MineralsMining

Lundin selling pair of mines in Europe to Boliden AB in deal worth up to US$1.52B

Lundin Mining Corp. has signed a deal to sell a pair of mines in Europe to Boliden AB in an agreement valued at...

Although gasoline vehicles do not call for graphite, electric vehicles (EVs) require an average of 136 pounds (61.7 kilograms) of the material, CSIS said (AFP)
Critical MineralsElectric Vehicles (EVs)IndustryPoliticsSemiconductorTradeTransport

US clean energy, defense to be impacted by China export curbs

Beijing announced this week it would ban exports of gallium, germanium and antimony to the US, targeting materials used in climate tech.

FILE PHOTO: The flag of China is placed next to the elements of Gallium and Germanium on a periodic table, in this illustration picture taken on July 6, 2023. REUTERS/Florence Lo/Illustration/File Photo
Critical MineralsMineralsPoliticsTrade

Rattled by China, West scrambles to rejig critical minerals supply chains

Beijing's fresh mineral export restrictions bring added urgency for Western players to cut their reliance on minerals from China.

FILE PHOTO: View of a Wolfspeed's Silicon Carbide (SiC) Wafer during an event on the future of the decommissioned coal-fired power plant in the Western German Saarland region in Ensdorf, Germany, February 1, 2023. REUTERS/Thilo Schmuelgen/File Photo
BusinessCritical MineralsElectric Vehicles (EVs)Semiconductor

Mersen delays targets by two years on weak materials demand for EVs

"2025 will be a year of transition for Mersen due to a temporary slowdown in the electric vehicle and SiC semiconductor markets."

Sheep look for water in a dry pond used by local farms for their livestock, in Contrada Chiapparia, near the town of Caltanissetta, central Sicily, Italy, July 19, 2024. (AP Photo/Andrew Medichini, File)
AgricultureClimateClimate FinanceEnvironmentPoliticsUnited NationsWeather

Earth’s lands are drying out. Nations are trying to address it in talks this week

The U.N. estimates that between 2007 and 2017, droughts cost $125 billion worldwide.

A general view of the dried Cogoti reservoir, as water levels in the zone dropped to record lows, ahead of World Water Day at La Ligua area, in Coquimbo, Chile.
AgricultureBiodiversityClimate FinanceEmissionsEnvironment

UN calls for $2.6 trillion investment to reverse land degradation

Failure to restore degraded land harms U.N. efforts to cut emissions, protect biodiversity, and address agriculture's impacts.

Matiul Haq Khalis, head of Afghanistan's National Environmental Protection Agency, sits at a podium with a serious expression, with a Taliban flag behind him.
AgricultureClimate FinanceEmissionsLegislationUnited Nations

Afghanistan must participate in future climate talks: Taliban

An Afghan official urges inclusion in future climate talks after Taliban's first COP29 attendance.

A selection of products obtained from prickly pears pads are seen on dispaly at Wakonda headquarters in Rome, Italy, October 7, 2024. REUTERS/Guglielmo Mangiapane
AgricultureBiofuelsBusinessClimateEnvironment

Cactus pear is a crop with potential in Italy’s parched south and beyond

An Italy-based company is convinced the cactus pear is a profitable source for biofuel production.

A silhouette of the skyline is pictured at sunset in Quezon City, Metro Manila, Philippines.
AgricultureClimate FinanceEmissionsEnvironment

ADB approves $500 million loan for Philippines’ climate change efforts

The loan will boost reforms in Southeast Asia, driving agriculture, energy, and transport toward a low-carbon future.

FILE PHOTO: Australia's Woodside Energy Group's exhibition booth is seen at the World Gas Conference 2022 in Daegu, South Korea May 23, 2022. REUTERS/Florence Tan/File Photo
BusinessFuelLiquefied Natural Gas

Australia’s Woodside signs deal with Bechtel to develop Louisiana LNG project

The oil and gas producer aims to make the final investment decision by the first quarter of 2025.

Nelson Chang, left, Chairman of TCC Group, E-One Moli Energy (Canada), shakes hands with Prime Minister Justin Trudeau after a news conference at the lithium battery manufacturer, in Maple Ridge, B.C., on Nov. 14, 2023. THE CANADIAN PRESS/Darryl Dyck
BusinessCritical MineralsEconomyElectric Vehicles (EVs)IndustryPolitics

Taiwan firm halts plan for $1B battery plant in B.C. that had federal support

A $1B lithium-ion battery plant in Maple Ridge, B.C., has been shelved as Taiwan Cement Corp. focuses on local production.

FILE PHOTO: Model of LNG tanker is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessFuelLegislationLiquefied Natural GasPoliticsRegulations

Venture Global says new LNG environmental review unnecessary

Venture Global criticizes FERC's call for extra environmental review of its CP2 LNG project, claiming standards are met.

FILE PHOTO: Electric power transmission pylon miniatures and Duke Energy logo are seen in this illustration taken December 9, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
ClimateCoalElectricityEmissionsEnvironmentNatural GasUtilities

North Carolina town files lawsuit against Duke Energy over climate crisis

Carrboro sues Duke Energy, alleging decades of climate deception, rising costs, and delays in the renewable energy shift.

Suncor's base plant is shown in Fort McMurray Alta, on Monday June 13, 2017. THE CANADIAN PRESS/Jason Frans
BusinessCarbon ManagementClimateEnvironmentIndigenousPoliticsRegulations

First Nations in Alberta want Impact Assessment Act review for Pathways Alliance project

Eight Alberta First Nations urge federal review of $16.5B Pathways carbon capture project over environmental and health risks.

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