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July 1, 2022

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U.S. power companies face supply-chain crisis this summer

Reuters
June 29 (Reuters) – U.S. power companies are facing supply crunches that may hamper their ability to keep the lights on as the nation heads into the heat of summer and the peak hurricane season. Extreme weather events such as storms, wildfires and drought are becoming more common in the......

Biden administration leans on Tesla for guidance in renewable fuel policy reform

Reuters
June 23 (Reuters) – U.S. President Joe Biden rarely mentions electric car maker Tesla Inc (TSLA.O) in public. But privately his administration has leaned on the company to help craft a new policy to allow electric vehicles (EVs) to benefit from the nation’s lucrative renewable fuel subsidies, according to emails......

Column: China’s lockdowns and heavy rains ease coal shortage: Kemp

Reuters
A resident and a child look out through gaps in the barriers at a closed residential area during lockdown, amid the coronavirus disease (COVID-19) pandemic, in Shanghai, China, May 10, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register LONDON, June 21 (Reuters) – China’s electricity generation......

Philippine tycoon Razon eyes up to $400 mln IPO -sources

Reuters
Enrique Razon, businessman and owner of casino operator Bloomberry Resorts, gestures during an interview by reporters after a stockholders’ meeting in Manila June 24, 2013. REUTERS/Romeo Ranoco Register now for FREE unlimited access to Reuters.com Register MANILA, June 21 (Reuters) – Philippine ports and gaming tycoon Enrique Razon is weighing......

Energy executives at transition conference still lean on fossil fuels

Reuters
NEW YORK, June 14 (Reuters) – Energy company executives at a conference on the global transition insisted on Tuesday that fossil fuels, especially natural gas, are still needed at a time when global markets grapple with tight energy supplies and skyrocketing prices. Oil and gas supplies have becomeconstricted in many......

France’s Cristal Union lures farmers to secure sugar beet supplies

Reuters
Granulated white sugar and sugar cubes are seen in this picture illustration taken December 16, 2018. REUTERS/Emmanuel Foudrot/Illustration Register now for FREE unlimited access to Reuters.com Register PARIS, June 13 (Reuters) – French sugar and ethanol maker Cristal Union promised farmers high prices for their 2023 sugar beet harvest in......

Australia’s $3.6 bln Snowy hydro project faces delay to 2028 -report

Reuters
MELBOURNE, June 10 (Reuters) – Australia’s A$5 billion ($3.6 billion) expansion of the country’s biggest hydro scheme faces a delay of up to 19 months, pushing start-up of the massive energy storage project out to 2028, the Australian Financial Review reported on Friday. The delay was due to a string......

EXCLUSIVE Spain’s Repsol in talks to sell 25% of oil and gas unit to EIG, sources say

Reuters
A Repsol logo at a petrol station in Bormujos near the Andalusian capital of Seville, southern Spain March 3, 2016. REUTERS/Marcelo del Pozo Register now for FREE unlimited access to Reuters.com Register LONDON, June 7 (Reuters) – EIG is in early discussions with Repsol (REP.MC) to buy a slice of......

White House weighs oil profits tax to fund consumer rebate

Reuters
WASHINGTON, June 2 (Reuters) – The White House is considering congressional proposals that could tax oil and gas producers’ profits in order to provide a benefit to consumers struggling with higher energy prices, a U.S. official said on Thursday. “There are a variety of interesting proposals and design choices on......

EXCLUSIVE Biden administration likely to raise ethanol blending volumes for 2021, sources say

Reuters
A sign advertising E15, a gasoline with 15 percent of ethanol, is seen at a gas station in Clive, Iowa, United States, May 17, 2015. REUTERS/Jim Young Register now for FREE unlimited access to Reuters.com Register June 1 (Reuters) – The Biden administration is likely to raise ethanol blending mandates......

China announces detailed stimulus policies to support virus-hit economy

Reuters
An employee works on the production line of RiotPWR mobile gaming controllers for U.S. company T2M, at a factory in Dongguan, Guangdong province, China December 7, 2021. REUTERS/David Kirton Register now for FREE unlimited access to Reuters.com Register BEIJING, May 31 (Reuters) – China’s cabinet announced a package of 33......

China vows new financial tools to support drive to carbon neutrality

Reuters
A woman walks across a bridge in front of a chimney billowing smoke from a coal-burning power station in central Beijing February 25, 2011. REUTERS/David Gray Register now for FREE unlimited access to Reuters.com Register SHANGHAI, May 31 (Reuters) – China’s government said it will expand its range of financial......

G7 pledges to phase out coal power but without fixing date

Reuters
BERLIN, May 27 (Reuters) – Ministers from the world’s richest democracies agreed on Friday to work to phase out coal-powered energy, although they failed to set a date for doing so, and said the energy crunch brought on by Russia-Ukraine war should not derail efforts to fight climate change. The......

G7 can spearhead climate fight by agreeing to phase out coal, Germany says

Reuters
BERLIN, May 26 (Reuters) – The Group of Seven countries can spearhead the fight against climate change and accelerate a pivot away from fossil fuels by agreeing to phase out coal power generation, Germany’s economy minister Robert Habeck said on Thursday. Habeck was speaking as G7 energy, climate and environment......

EU plans first joint gas buying before winter

Reuters
Gas flames of a cooker are pictured in a private home in Bad Honnef near Bonn, Germany, March 30, 2022. REUTERS/Wolfgang Rattay Register now for FREE unlimited access to Reuters.com Register BRUSSELS, May 23 (Reuters) – The European Union plans to start jointly buying gas before winter, the bloc’s energy......

Swiss Re, UBS among founding buyers in carbon removal scheme

Reuters
LONDON, May 23 (Reuters) – Insurance firm Swiss Re (SRENH.S) and banking giant UBS (UBSG.S) are among five founding buyers of credits from a scheme set up by a Swiss company to drive down the cost of taking carbon dioxide out of the atmosphere. Even with pledges of huge reductions......

Four countries pledge tenfold rise in EU offshore wind power capacity

Reuters
A fishing boat sails in front of wind turbines through the Thyboron Canal in Jutland, Denmark, March 14, 2019. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register ESBJERG PORT, Denmark, May 18 (Reuters) – Germany, Belgium, the Netherlands and Denmark on Wednesday pledged to build at least......

U.S. to kick off latest offshore wind auction for Carolina coast

Reuters
A surfer navigates the wave in Surfside Beach, South Carolina, October 2, 2015. REUTERS/Randall Hill Register now for FREE unlimited access to Reuters.com Register May 11 (Reuters) – Bidding for federal wind energy leases for two areas off the coast of North Carolina and South Carolina kicked off on Wednesday,......

Greece, UAE agree joint investments in energy, other sectors

Reuters
ATHENS, May 9 (Reuters) – Greece and the United Arab Emirates (UAE) on Monday agreed to jointly fund investments worth 4 billion euros ($4.2 billion) in the Mediterranean country and explore further cooperation in the energy sector, the Greek prime minister’s office said. Prime Minister Kyriakos Mitsotakis met with Crown......

Germany’s conservatives on track to win election in northern state

Reuters
Conservative CDU leads with 43% in early exit polls Energy transition a major campaign issue amid Ukraine war Election seen as bellwether for NRW election on May 15 BERLIN, May 8 (Reuters) – Germany’s conservative CDU looked set to win an election in the northern state of Schleswig-Holstein on Sunday,......

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