Shell intends to relocate its headquarters to the United Kingdom
Shell is a multinational Anglo-Dutch oil and gas company that intends to relocate its headquarters from the Netherlands to the United Kingdom. Its headquarters are now in The Hague, Netherlands. To improve the speed and flexibility of capital and portfolio actions, the oil and gas conglomerate wants to eliminate its dual-share structure and replace it […]
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.
28 U.S. House Democrats want $85 billion in EV charging infrastructure funding
A group of 28 U.S. House Democrats on Monday asked congressional leaders to back $85 billion in funding for electric vehicle charging infrastructure, a big jump over funding proposed in a bill before Congress.
EXCLUSIVE Universal Hydrogen in zero-carbon plane deals with Icelandair, others
Universal Hydrogen, a U.S. firm that aims to do for clean fuel what Nespresso did for coffee, is poised to announce preliminary hydrogen deals with airlines including Icelandair (ICEAIR.IC) as it looks at a possible listing as early as next year.
Rolls-Royce partners with Shell in sustainable aviation fuel push
British engineering company Rolls-Royce (RR.L) said it would partner with oil company Shell (RDSa.L) to work on the development of sustainable aviation fuel (SAF) in line with both their plans for net zero emissions by 2050.
U.S. Steel, Norway’s Equinor eye clean hydrogen production
Norway’s Equinor (EQNR.OL) and U.S. Steel Corp (X.N) will examine the potential for developing clean hydrogen production in Ohio, Pennsylvania and West Virginia, the two companies said on Tuesday.
Tesla lifts Nasdaq to record-high close
The Nasdaq climbed to a record-high close on Wednesday, fueled by a rally in Tesla Inc (TSLA.O), with investors cheering data that showed a record peak for U.S. factory activity in June.
Exxon investors to prod revamped board on net zero carbon study
Investors calling for Exxon Mobil Corp (XOM.N) to study the impact of getting its oil and gas business to net-zero emissions by 2050 will push for talks later this year with what they hope is a more sympathetic board.
Hyundai, GM serious about ‘flying car’ efforts
Hyundai Motor Co (005380.KS) and General Motors Co (GM.N) said on Monday they are pushing ahead with developing flying cars, with the South Korean company expressing optimism it could have an air-taxi service in operation as soon as 2025.
Archer’s flying taxi makes splashy debut in heated market
Archer Aviation unveiled its first electric flying taxi “Maker” in a Tesla-style debut on Thursday as an increasing number of investors and aviation companies pile into the hot but yet-to-be-approved urban air mobility space.
