B

Oil Price

Euro Could Stay Below Dollar for as Long as Natural Gas Prices Remain High

The euro is on course to stay below parity with the US dollar for some time if gas prices do not fall markedly.

Oil&Gas Drilling

Biden Says “No More Drilling” at a Rally

“No more drilling…there is no more drilling,” said U.S. President Joe Biden at a campaign rally in New York state on Sunday when asked by a person in the cro…

OPEC

German Economist Sues OPEC, Wants $50 in Compensation

A German economist has filed a lawsuit against OPEC with a Berlin court.

United Kingdom

Rishi Sunak Secures £3.58bn Climate Finance Deal With Kenya

UK PM has agreed to fast-track six renewable energy projects being built in the African nation.

Carbon Neutral

World’s Greenest Warehouse to Be Built in Sweden

The project will lead the way to urgent CO2 reductions as called for by COP27.

Electric Car

Uk’s First Large-Scale Lithium Site Gets Green Light

The Middlesbrough facility will put the UK on the map when it comes to processing the metal critical to EVs, phones and wind farms.

Carbon Emissions

UN: ‘Last 8 Years the Hottest Ever’

Sea level rises have also doubled in the last 30 years, a report has found.

Nuclear Reactor

UK Announces £95m for Advanced Materials’ Research and Development

The Henry Royce Institute at the University of Manchester will use the funding to advance its research in ‘super-materials’ that are critical to sectors inclu…

Wind Turbine

Türkiye’s New Wind Power Capacity in 2023 Represents an Investment of One Billion Dollars

Türkiye could install another 1,000 megawatts (MW) in wind energy capacity next year, an addition that could attract $1 billion (TL 18.57 billion) in fresh inv…

Energy Technology

Rolls-Royce Provides Uninterruptible Power Systems for Saudi Supercomputer

Rolls Royce will deliver mtu Kinetix PowerPacks for a supercomputer in Saudi Arabia where, in the event of a power outage, the constantly rotating accumulator w…

Carbon Emissions

Brazil's Lula Hopes to Unite Rainforest Nations, Tap Funding at COP27

A new alliance of rainforest nations - sought by Brazil's President-elect Luiz Inácio Lula da Silva - could be key to unlocking conservation funding and bolste…

Wind Farm

CNOOC Limited Announce Wind Farm in China

ConocoPhillips China and CNOOC announced the commencement of the Penglai offshore wind farm on Sunday during the fifth China International Import Expo held in S…

COP27 to Formally Discuss Climate Compensation for Poorer Nations

COP27 delegates agreed on Sunday to discuss whether rich countries should compensate poorer nations most vulnerable to climate change at the United Nations clim…

United States

U.S. EPA Allowed Two-Week Extension to Issue Biofuel Blending Proposal

The U.S. Environmental Protection Agency (EPA) and a biofuels trade groups have agreed to extend by two weeks a deadline the agency has to issue a proposal on 2…

Carbon Emissions

South Africa Says It Needs $84 Billion for Energy Transition in Next Five Years

South Africa needs about 1.5 trillion rand ($84 billion) over the next five years for its plans to cut carbon emissions, harness economic opportunities from the…