Economy

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…

Spain

Spanish Windfall Tax on Banks, Energy Firms Clears First Hurdle

An amended windfall tax proposal for Spanish banks and large energy companies cleared its first hurdle in parliament in the early hours of Friday with the backi…

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…

Germany

Germany Is Not Blocking EU Energy Solution but Is 'Sceptical', Minister Says

Germany is not standing in the way of the European Union's solution to the energy crisis, Economy Minister Robert Habeck told the Handelsblatt daily on Thursday…

Carbon Emissions

Volatilia, Uzbek Gov’t to Develop up over 400MW Renewables

It will be divided into solar, wind, and battery storage.

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 …

Ireland

Statkraft Signs 366MW Irish Power Play With Microsoft

Renewable power will come from three wind and three solar projects located across the country

United Kingdom

Dismantling Old North Sea Wells Could Cost £20BN

It is estimated around 2,100 wells in the North Sea will be decommissioned over the next decade

Israel’s Econergy Secures €250M Investment for Renewable Projects

The investment will be provided by RGREEN INVEST.

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…

Germany

German Finance Ministry Wants 33% Windfall Tax on Energy Firms - Die Welt

Germany's finance ministry aims to introduce a 33% tax on oil and gas companies that have benefited from windfall profits, Die Welt newspaper reported on Tuesda…

Energy Investment

Italy’s A2A Scales Down Investments to 16 Bln Euros by 2030 to Cut Carbon Footprint

Italy's largest regional utility A2A on Tuesday scaled back its investments aimed at cutting its carbon footprint, as volatility in energy markets prompted the …

Energy Investment

Britain’s Windfall Tax Risks North Sea Cash Flight, Output Drop, Industry Warns

North Sea oil and gas producers hit back after Britain's decision to raise a windfall tax on the sector, warning the move risked jeopardizing investment in the …