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Energy Transition

Show Us the Money: Developing World at COP27 Seeks Financing Details

Finance took centre stage at the COP27 climate talks on Wednesday, with U.N. experts publishing a list of projects worth $120 billion that investors could back …

Energy Transition

Spain's Iberdrola to Invest $47 Bln in Energy Transition in 2023-25

Spain's Iberdrola will invest 47 billion euros ($47 billion) in electricity networks, renewable energy production and customer businesses over the next two year…

LNG

EU Risks 30 Bcm Gas Shortage in 2023 Storage Filling Season - Von Der Leyen

The European Union risks falling short of some 30 billion cubic metres (bcm) of gas during the next storage filling season in 2023.

COP27: $1bn Signed for Grid-Based Projects ‘in Asia and Beyond’

A strategic investment partnership will see AIIB and GEAPP mobilise up to $1 billion and identify co-financing opportunities for projects and programs of common…

Egypt

Gates Foundation Gives $1.4 Bln Climate Help to Smallholder Farmers

The Bill & Melinda Gates Foundation has pledged $1.4 billion to help smallholder farmers cope with the impacts of climate change, part of efforts at global clim…

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…

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…

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…

Natural Gas

Enbridge Greenlights C$3.6 Billion Gas Pipeline Expansion in Canada

Canadian energy infrastructure firm Enbridge Inc on Friday announced a C$3.6 billion expansion of the southern segment of its British Columbia (B.C.) gas pipeli…

Natural Gas

Uniper’s Net Losses Reach €40.4bn as Gas Crisis Continues

German energy company Uniper has reported that net losses in the first nine months of the year had reached €40.4 billion ($39 billion), against a €4.7 billion…

Crude Oil

North America Leads $370 Billion Global Push for Oil & Gas Pipelines

Westwood’s upcoming onshore pipeline market forecast has revealed that between 2022 and 2028, the world will spend almost $370 billion on new oil and gas pipel…

Biden Unveils $13.5 Billion Package to Ease Home Energy Costs

U.S. President Joe Biden has announced plans to shell out $13.5 billion to help reduce energy costs for low- and moderate-income households.

Oil Price

BP Looking at Billions in Buybacks for Q4

British oil and gas supermajor BP Plc. has announced plans to buy back $2.5 billion in shares after an impressive third quarter.

Net Zero Emission

Report Lays out How Countries Could Reorient Their Problematic Climate Plans

A new study is the first to calculate that countries collectively need a total of 1.2 billion hectares of land to fulfill the promises laid out in their officia…

Nuclear Power Plant

Poland's First Nuclear Power Plant to Cost Around $20 Bln - PM

Poland's first nuclear power station, which will be built by U.S. firm Westinghouse Electric Co, will cost around $20 billion.