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November 27, 2021

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China’s industrial profits growth accelerates in Oct

Reuters
A worker welds a bicycle steel rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang province, China September 2, 2019. China Daily via REUTERS/File Photo Register now for FREE unlimited access to reuters.com Register BEIJING, Nov 27 (Reuters) – Profits at China’s industrial firms grew at a faster pace......

Germany’s ambitious energy plan hinges on speed, industry warns

Reuters
Workers install solar panels on the roof of a kindergarten in the town of Falkensee near Berlin December 10, 2008. REUTERS/Erik Kirschbaum/File Photo Register now for FREE unlimited access to reuters.com Register No time to be wasted on green plans – Siemens Energy CEO Implementation speed key in hitting ambitious......

In the dark: Nigeria’s Maiduguri struggles to recover without power

Reuters
MAIDUGURI, Nigeria, Nov 22 (Reuters) – A whirring machine churns out prints at the Gaza Printing Press in the northeastern Nigerian city of Maiduguri while owner Garba Zango supervises. The copies are perfect, but his costs have lately gone through the roof. The past 10 months have been the toughest......

Texas electric grid still not ready for extreme winter weather -NERC

Reuters
An electrical substation is seen after winter weather caused electricity blackouts in Houston, Texas, U.S. February 20, 2021. REUTERS/Go Nakamura Register now for FREE unlimited access to reuters.com Register Nov 18 (Reuters) – The Texas electric grid could suffer a massive shortfall in generating capacity in a winter deep freeze,......

COP26 in the final hours of climate negotiations

Reuters
GLASGOW, Nov 12 (Reuters) – As delegates work overtime to reach a final deal at the U.N. climate conference in Glasgow, Reuters reporters are on the ground delivering latest updates, scenes and insights. All times are local (GMT). 4:40 p.m. The United States could see not everyone was happy about......

UN climate negotiators go into overtime to save 1.5 Celsius goal

Reuters
Delegates rest during the UN Climate Change Conference (COP26), in Glasgow, Scotland, Britain November 12, 2021. REUTERS/Yves Herman/File Photo COP26 conference had been due to end on Friday New draft retains call for phase-out of fossil fuel subsidies Nations at odds over how to keep 1.5C goal alive Poor countries......

Some financial backers bail on shipping companies as investors shun coal

Reuters
LONDON, Nov 12 (Reuters) – Shipping companies that transport the world’s coal are in the crosshairs of some financial backers who are cleaning up their businesses in the absence of a truly global drive by nations to renounce the dirtiest fossil fuel. In a sign of investors taking the initiative,......

COP26 draft deal treads fine line to spur climate action

Reuters
A delegate walks past a picture showing the Earth at night at the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 11, 2021. REUTERS/Yves Herman Latest draft keeps key request for tougher climate targets Some weakening in language on fossil fuels No specifics on increasing climate funding for......

Pressure mounts as UN climate negotiations enter final day

Reuters
COP26 conference due to end on Friday Nations at odds over how to keep 1.5C goal alive Poor countries seek funds to tackle climate change GLASGOW, Nov 12 (Reuters) – Negotiators at the U.N. climate conference in Glasgow were locking horns on Friday for what is scheduled to be the......

Toshiba plans to split into three firms, shareholder reaction in focus

Reuters
The logo of Toshiba Corp. is seen at the company’s facility in Kawasaki, Japan June 10, 2021. REUTERS/Kim Kyung-Hoon TOKYO, Nov 12 (Reuters) – Japan’s Toshiba Corp (6502.T) outlined plans on Friday to break up into three independent companies by spinning off two core businesses – its energy and infrastructure......

Legacy coal and nuclear stations drive RWE profit

Reuters
A RWE logo is seen in this illustration taken October 20, 2021. REUTERS/Dado Ruvic/Illustration Nine-month core profit up 6% at 2.4 bln euros Profit at nuclear/coal unit nearly double Shares up 1.9% FRANKFURT/DUESSELDORF, Nov 11 (Reuters) – RWE (RWEG.DE), Germany’s largest power producer, posted a 6% rise in nine-month core......

Korea Zinc’s Ark gets Australian funding for hydrogen project

Reuters
MELBOURNE, Nov 8 (Reuters) – An arm of Korea Zinc has won nearly A$21 million ($16 million) in funding from the Australian government and Queensland state to start producing green hydrogen for fuel cell trucks at the company’s zinc refinery in the state. The South Korean company’s Ark Energy H2......

Nearly all development banks committed to cutting coal investment, data shows

Reuters
Men stand by a car near a coal-fired power plant in Shanghai, China October 21, 2021. REUTERS/Aly Song SHANGHAI, Nov 2 (Reuters) – Nearly all internationally available development financing is now committed to reducing or ending investment in coal-fired power after moves by China and the G20 to stop supporting......

G20 leaders endorse tax deal, pledge more vaccines for the poor

Reuters
G20 leaders meet face-to-face after COVID-19 pandemic Chinese, Russian presidents take part via video link Historic minimum tax accord for big business endorsed Leaders struggle to make ground on climate change ROME, Oct 30 (Reuters) – Leaders of the world’s 20 biggest economies endorsed on Saturday a global minimum tax......

G20 leaders struggling to toughen climate goals, draft shows

Reuters
Carabinieri police officers inspect the area with explosive detection dogs outside the convention centre “La Nuvola” (the cloud) ahead of the G20 summit in Rome, Italy, October 27, 2021. REUTERS/Yara Nardi Draft contains aim for 1.5 degrees Celsius cap Few concrete actions to cut emissions G20 role seen crucial ahead......

China’s coal futures see biggest weekly fall in over 5 years

Reuters
A man works on a truck in front of a coal-fired power plant in Shanghai, China October 21, 2021. REUTERS/Aly Song BEIJING, Oct 29 (Reuters) – Chinese thermal coal futures saw their biggest weekly fall in over five years on Friday as the powerful state planner said there was more......

Shell says break-up of group would not work in real life

Reuters
Activist shareholder Loeb called for break-up of Shell Q3 adj. earnings of $4.1 bln below analysts’ forecast $7 bln Permian shareholder payouts to start next year New climate target is absolute, not intensity-based LONDON, Oct 28 (Reuters) – Royal Dutch Shell (RDSa.L)hit back on Thursday against an activist fund’s call......

Mighty river to muddy trickle: South America’s Parana rings climate alarm

Reuters
Parana has retreated to lowest level in 77 years River is vital for commercial shipping and fishing Grain transport snarled in Argentina and Paraguay CHARIGUE, Argentina, Oct 27 (Reuters) – Gustavo Alcides Diaz, an Argentine fisherman and hunter from a river island community, is at home on the water. The......

China industrial profit growth accelerates in Sept despite cost pressures

Reuters
Workers wearing face masks following the coronavirus disease (COVID-19) outbreak load steel products for export to a cargo ship at a port in Lianyungang, Jiangsu province, China May 27, 2020. China Daily via REUTERS BEIJING, Oct 27 (Reuters) – Profits at China’s industrial firms rose at a faster pace in......

Singapore to launch standards for renewable energy certificates

Reuters
A view of the city skyline in Singapore, October 25, 2021. REUTERS/Edgar Su SINGAPORE, Oct 26 (Reuters) – Singapore plans to launch standardised guidelines for renewable energy certificates, part of efforts to decarbonise its power sector and develop a regional grid, a minister said on Tuesday. The certificates, called RECs,......

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