EU countries splinter ahead of crisis talks on energy price spike
Divisions have deepened among European Union countries ahead of an emergency meeting of ministers on Tuesday on their response to a spike in energy prices, with some countries seeking a regulatory overhaul and others firmly opposed.
Sweden’s Vattenfall raises emission targets, eyes 2040 net zero goal
Swedish energy company Vattenfall (VATN.UL) said on Monday it increased its emission reduction goals for 2030 and brought forward its net zero target by 10 years to 2040, by phasing out coal and increasing wind and solar capacity.
Oil giant Shell sets sights on sustainable aviation fuel take-off
Royal Dutch Shell (RDSa.L) plans to start producing low-carbon jet fuel at scale by 2025, in an attempt to encourage the world’s airlines to reduce greenhouse gas emissions.
Marketmind: Watch those spiralling gas prices
A massive week in monetary policy, with some 16 central banks holding meetings and possibly the first rate hike from a developed nation — Norway. Not to say others will follow any time soon; the Federal Reserve for instance may strees its own rate rises remain distant. Others such as Switzerland and Japan are likely to stay resolutely dovish.
Oil falls to $74 on risk-averse mood, U.S. Gulf output
Oil dropped more than $1 a barrel to around $74 on Monday as rising risk aversion weighed on stock markets and boosted the U.S. dollar, while more U.S. Gulf oil output came back online in the wake of two hurricanes.
Calix, an Australian firm, has received funding for its carbon capture technology!
Calix Ltd, based in Australia, announced on Wednesday that it has found a buyer for a stake in its carbon capture technology unit, valuing the company at A$350 million ($256 million). Calix’s stock rose 20% to a historic high only after the company announced that Carbon Direct, a New York-based investor, had invested 15 million […]
In Argentina’s north, a ‘white gold’ rush for EV metal lithium gathers pace
In Argentina’s remote northern Salta province, the silence of the desert landscape is broken only by the hum of machinery pumping salt-water brine to extract lithium, a sign of accelerating efforts to ride the global electric vehicle boom.
U.S. Gulf Coast energy firms face another hurricane hit
Evacuations were underway on Monday from offshore U.S. Gulf of Mexico oil platforms as onshore oil refiners began preparing for rain and heavy winds from a second hurricane in as many weeks.
Oil rises on declining inventories and weaker dollar
Oil prices edged higher on Thursday, supported by a sharp decline in U.S. crude stocks and a weaker dollar, though gains were capped by an OPEC+ decision to stick to its policy of gradually increasing output.
Floods, outages stall energy firms’ restart efforts after Ida
Widespread flooding, power outages and debris-strewn roads slowed recovery efforts by energy companies on Tuesday after Hurricane Ida ripped into oil production facilities, ports and refineries.
