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Net Zero Emission

ANZ Earmarks $67 Bln to Accelerate Net Zero Transition

Australia and New Zealand Banking Group Ltd said on Friday it had earmarked A$100 billion ($67.63 billion) to help its customers lower carbon emissions by 2030,…

LNG

Argentina Government to Send LNG Bill to Congress in Coming Months

Argentina's Economy minister Sergio Massa said on Thursday that the government was readying a liquefied natural gas (LNG) bill to send to Congress in the coming…

Canada

Canada's Alberta Province Forecasts C$12.3 Bln Budget Surplus

Canada's main oil-producing province Alberta on Thursday forecast a C$12.3 billion ($9.2 billion) budget surplus for the 2022/23 fiscal year, but warned economi…

Nuclear Reactor

EDF Could Lose 5 Bln Euros from France's Windfall Tax -Les Echos

A planned French windfall tax on energy companies' profits during Europe's current energy crisis would likely cost debt-laden nuclear giant EDF around 5 billion…

United Kingdom

UK’s Ofgem Says Household Energy Bills to Rise to Nearly $5,200/Year

British energy regulator Ofgem said its price cap for average household energy bills would rise by about 21% to 4,279 pounds ($5,170.74) a year from January to …

Green Hydrogen Export Opportunities in Africa Show Endless Promise

Africa could capture as much as 10% of the global green hydrogen market, helping to create up to 3.7 million jobs and adding as much as $120 billion to the cont…

Electric Car

Mazda Unveils $11 Bln EV Spending Plan, Considers Investing in Battery Production

Japan's Mazda Motor Corp on Tuesday unveiled a $10.6 billion spending plan to electrify its vehicles and said it was also considering investing in battery produ…

Nuclear Power Plant

California’s Last Nuclear Power Plant Gets $1.1BN Lifeline

The US Department of Energy (DOE) said it would conditionally provide California utility Pacific Gas & Electric (PG&E) with a $1.1 billion grant to help prevent…

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…

Electricity Transmission

US Sets the Stage With $13BN Grid Modernisation Programmes

Washington has announced $13 billion in financing opportunities for the expansion and modernisation of the US electric grid.

LNG

Germany’s LNG Terminals to Cost More Than Double Earlier Estimate

The purchase and maintenance of floating liquefied natural gas (LNG) terminals to help Germany secure energy supplies and diversify away from Russian gas, will …

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…

Italy

New Italian Government’s Budget to Boost Spending to Fight Energy Crisis

Italy's new right-wing government plans to announce some 30 billion euros in new spending on Monday in a budget for next year, mainly focused on curbing the imp…

Electricity Transmission

White House Announces $13 Bln in Funding to Modernize Power Grids

The White House announced through the Department of Energy (DOE) on Friday that it is soliciting grant applications for $13 billion in new financing under the b…

Czech Republic

Czech Lawmakers Back $3.4 Billion Power Revenue Cap Plan

The Czech lower house of parliament on Friday approved a government plan to cap revenues of power firms as part of efforts to fund measures to ease the burden o…