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February 28, 2020
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Reuters - Business

From wind power to cow manure: oil traders seek new profit recipe

Reuters
LONDON (Reuters) – The world’s largest oil traders are pouring hundreds of millions of dollars into climate-friendly projects – including wind farms, cow manure plants and blue hydrogen – as they seek to match the profits they make from trading oil. FILE PHOTO: A wind farm is shown in Movave,......
Reuters - Business

Factbox: Big oil traders start investing in renewables

Reuters
LONDON (Reuters) – The world’s big oil trading firms are investing heavily in environmentally-friendly projects as they face increasing pressure from investors, governments, activists and financiers to find a sustainable business model. Vitol said last year 80% of its revenues came from oil and refined products. For Gunvor and Trafigura,......
Reuters - Business

Google plan to buy into largest African wind farm ended by delay

Reuters
COPENHAGEN (Reuters) – Google’s (GOOGL.O) plans to buy a 12.5% stake in Africa’s largest wind farm have been canceled after delays to the project, Danish wind turbine maker Vestas (VWS.CO) said on Monday. The 310 megawatt (MW) Lake Turkana wind farm in Kenya was initially set for completion 2017, after......
Reuters - Business

Google drops plan to buy into largest African wind farm

Reuters
FILE PHOTO: Power-generating wind turbines are seen at the Lake Turkana Wind Power project (LTWP) in Loiyangalani district, Marsabit County, northern Kenya, September 4, 2018. REUTERS/Thomas Mukoya/File Photo COPENHAGEN (Reuters) – Google (GOOGL.O) has canceled plans to buy a 12.5% stake in Africa’s largest wind farm after delays to the......
CNBC Business

The future of waste-to-energy technology

CNBC
CNBC – For more and to sign up click here We produce over 2 billion tons of waste per year, a number that’s expected to grow by 70% by 2050. We’ve long sought ways to turn all this waste into energy, but this has usually meant incineration – that is,......
New York Post

German government defends coal phase-out against critics

NYPost
New York Post – For more and to sign up click here BERLIN — The German government approved a bill Wednesday that will codify the country’s closure of coal-fired power stations, defending the plan against critics who say it’s not ambitious enough. After signing off on the bill in Cabinet,......
Reuters - Business

BlackRock, partners eye initial $500 million for climate fund

Reuters
LONDON (Reuters) – A BlackRock-backed (BLK.N) group aims to raise an initial $500 million for a private equity fund that will invest in climate change-linked infrastructure upgrades in emerging markets. FILE PHOTO: The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan......
Reuters - Business

Tesla moves a step closer to opening first European factory with German property deal

Reuters
FILE PHOTO: A demonstrators holds pro-Tesla poster during an action to support plans by U.S. electric vehicle pioneer Tesla to build its first European factory and design center in Gruenheide near Berlin, Germany January 18, 2020. REUTERS/Pawel Kopczynski BERLIN (Reuters) – U.S. electric car pioneer Tesla (TSLA.O) has agreed to......
Reuters - Business

U.S. clean energy investment hits new record despite Trump administration views

Reuters
LONDON (Reuters) – Clean energy investment in the United States surged to a fresh record of $55.5 billion last year, despite the government’s attempts to roll back supportive policies, a report showed on Thursday. FILE PHOTO: File photo: A wind farm is shown in Mojave, California, U.S., Nov 8, 2019.......
Reuters - Business

U.S. coal-fired power plants closing fast despite Trump’s pledge of support for industry

Reuters
(Reuters) – U.S. coal-fired power plants shut down at the second-fastest pace on record in 2019, despite President Donald Trump’s efforts to prop up the industry, according to data from the federal government and Thomson Reuters. Power companies retired or converted roughly 15,100 megawatts (MW) of coal-fired electricity generation, enough......
Reuters - Business

After Tesla’s record year in Norway, rivals gear up for 2020

Reuters
FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, U.S., June 1, 2018. Picture taken June 1, 2018. REUTERS/Mike Blake/File Photo OSLO (Reuters) – The sale of new electric cars in Norway rose by 30.9% last year amid soaring demand......

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