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Net Zero Emission

U.S. Groups Urge Kerry to Back Climate Compensation Fund

Over 100 U.S. environmental groups on Monday urged top U.S. climate diplomat John Kerry to support the creation of a fund that would compensate countries that h…

Nuclear Fusion

Tokamak Energy Achieves Triple Product With ST40 Spherical Tokamak

UK-based private fusion energy developer Tokamak Energy has announced that its ST40 spherical tokamak has achieved a triple product result of 6×1018 keV.s.m-3.…

Oil Price

Portugal’s Galp Quarterly Profit up 16% On Higher Oil Prices, Better Margins

Portuguese oil and gas company Galp Energia reported a 16% increase in adjusted third-quarter profit on Monday, thanks to soaring oil prices and a near-doubling…

Paris Climate Agreement

‘Oil and Gas Investments Could Finance Renewables Needed for 1.5°C’

The Paris Agreement could be achieved if money intended for new oil and gas fields was redirected into wind and solar, a study claims.

Dewa Appoints Companies to Consult on Hassyan Desalination Plant

Consulting companies on the 120m gallons per day plant include Deloitte, WSP and Addleshaw Goddard.

Electric Car

Vehicle Manufacturers to Double Spending on EVs, Batteries to $1.2 Trillion by 2030

Car makers have forecast plans to build 54 million battery electric vehicles in 2030, representing more than 50% of total vehicle production.

Brazil

Wind Power Will Quadruple in Brazil by the End of the Decade

The 13th edition of Brazil Windpower, the main congress and fair in Latin America on wind energy, promoted this morning the panel “Production chain and its inp…

Electricity Transmission

EIB Invests Nearly Half a Billion Euros in Major German Grid Expansion Plan

The European Investment Bank (EIB) is providing Dutch-German TSO TenneT with a loan of €450 million ($440 million) for the construction of a 185km electricity …

Wind Turbine

Siemens Gamesa Seals Deal to Supply Finland With 105 MW of Wind Power

Siemens Gamesa selected by Energiequelle for first wind farm together in Finland.

Oil Refinery

Exxon Selling Montana Oil Refinery to Par Pacific in $310 Million Deal

Exxon Mobil Corp on Thursday agreed to sell its Billings, Montana, refinery and related pipeline properties to Par Pacific Holdings Inc for $310 million.

Carbon Emissions

Cities Must Slash Emissions 50% By 2030 for 1.5°C Pathway

Cities must halve their per capita emissions by 2030 to remain on a 1.5°C trajectory, finds a new report that prescribes low-emissions mass transit, better was…

SMR

Hyundai E&C Accelerating Commercialization of SMRs

Hyundai E&C announced on Oct. 19 that it has held a ceremony with its partner Holtec International of the United States to initiate detailed design and commerci…

Coal-Fired Power Plants

A Green Path for Europe’s Largest Coal-Fired Power Plant

Image: sopotniccy © 123RF.com | alexlmx © 123RF.comEurope’s largest coal-fired power plant could replace most of its lignite generation with renewables paire…

Oil Price

US to Release an Extra 15M Barrels of Oil Amid Skyrocketing Prices

US officials have hinted at more releases if prices continue to surge.

Carbon Emissions

IEA: Global CO2 Emissions to Grow, but by a Fraction of 2021’s Increase

IEA said it expects CO2 emissions to increase by nearly 300 million metric tons in 2022, to a total of 33.8 billion metric tons.