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France
Markets Regulator Clears French Bid to Nationalise EDF Utility
French markets regulator AMF said on Tuesday it had cleared the French state's buyout bid, marking an important step in its plan to fully nationalise the loss-m…
Nuclear Fuel
Finland’s Fortum Turns to U.S. In Bid to Replace Russian Nuclear Fuel
Finnish power company Fortum on Tuesday said it was planning to begin buying nuclear fuel from U.S.-based Westinghouse Electric.
Nuclear Power Plant
Biden Grants PG&E $1.1 Billion to Keep Diablo Canyon Nuclear Plant Open
The Biden administration on Monday said it’s providing Pacific Gas & Electric Co. with a $1.1 billion grant to help the company prevent the closure of Diablo C…
France
France Spends 8.4 Billion Euros to Help Companies With Energy Bills
France will spend 8.4 billion euros ($8.67 billion) to help companies pay their energy bills, in a bid to cushion the impact of rising electricity and gas price…
Electric Car
New G20 Irritant for Biden: Restrictive U.S. Electric Vehicle Tax Subsidies
Electric vehicles (EVs) shuttled G20 delegations and security forces across the southern tip of Bali this week in a symbolic show of Indonesia's ambitious energ…
Hydrogen Production
Egypt Signs Framework Deals in Bid to Launch Hydrogen Industry
Egypt signed eight framework agreements on Tuesday to develop green hydrogen and ammonia projects, saying it aimed to become a hub for hydrogen production and w…
Hydropower Plant
Nigeria Offers Concession on $1.3 Billion China-Funded Hydro Power Plant
Nigeria plans to grant a concession on its $1.3 billion hydropower plant now under construction and is seeking bids from private investors to operate the China-…
Net Zero Emission
New Action Plan Comes Into the Limelight to Accelerate Decarbonisation
With COP27 in full swing, governments have set out an action plan to make clean technologies cheaper and more accessible in a bid to scale up decarbonisation ef…
Carbon Emissions
COP27: Biden Says US Will Meet 2030 Emissions Targets
During his speech at the climate summit, he said the government has put its money where its mouth is on climate change.
Electric Car
COP27: U.S. In Talks With EU on Electric Car Tax Credits
The United States is listening to the concerns of European counterparts about the trade tensions triggered by the Biden administration's clean vehicle subsidies…
Crude Oil
EIA Cuts World Oil Demand Growth for 2023
The U.S. Energy Information Administration has slashed its world oil demand growth forecast for next year as President Biden lashed out at oil companies for not…
Net Zero Emission
Shell Signs ‘Large’ Cellulosic Ethanol Deal With Raízen Amid Growing Sustainable Fuel Demand
Energy giant Shell has entered into a long-term agreement with Brazil’s Raízen to buy a total of 3.25 billion litres of sugar-crane cellulosic ethanol in a bi…
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…
Australia
Australia, Pacific Nations to Bid to Co-Host 2026 U.N. Climate Summit
Australia will launch a bid with Pacific nations to host the United Nations climate summit in 2026.
Oil&Gas Drilling
Drillers Ask U.S. To Exempt Smallest Wells From Looming Methane Rule
Oil and gas companies have asked the Biden administration to exempt hundreds of thousands of the nation's smallest wells from upcoming rules requiring drillers …
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