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Carbon Emissions

US Crackdown on Climate ‘Super-Pollutants’

The US Environmental Protection Agency announced additional actions to phase down hydrofluorocarbons.

Wind Farm

Ørsted to Sell 50% Stake in US Renewables Portfolio

Global wind project developer Ørsted has announced that it is selling a 50% ownership stake in a US portfolio to the investment group Energy Capital Partners. …

Electric Car

Smart Thermostats and EVs Connected in US Demand Response Partnership

A new partnership in the US has concocted a DERMS-powered programme to coordinate demand response via smart thermostats and electric vehicles (EVs).

South Africa

South Africa’s Eskom to Implement ‘Stage 4’ Power Cuts From Sunday Noon

South Africa's Eskom will implement "Stage 4 power" cuts from noon on Sunday until early Monday morning.

Oil Price

Goldman: U.S. SPR Crude Releases to Have Modest Price Influence

The Biden administration's plan to continue releasing the Strategic Petroleum Reserves (SPR) "as appropriate" to bring down retail rates poses limited downside …

Oil Shale

Shale Firms Discount 'U.S. Put' as Inadequate to Lift Oil Output

U.S. shale oil executive Matt Gallagher this week took a poll on Twitter to gauge sentiment toward President Joe Biden's offer to stock the U.S. emergency oil r…

Oil Refinery

Exxon Shares Surge to Record High on Strong Earnings Outlook

Exxon Mobil Corp shares passed their all-time high on Friday as oil prices resumed their climb and analysts raised their long-term views of top U.S. oil produce…

Carbon Emissions

Global Climate Disclosures to Cover Full Gamut of Carbon Emissions

Planned new global corporate sustainability disclosures will include the full range of carbon emissions, but with 'relief provisions' on measuring greenhouse g…

Energy Transition

S.Africa's Energy Transition Plan Needs $46.5 Bln, Five Times Pledges - Sources

South Africa's plan to kick-start its transition from coal to renewable energy will need $46.5 billion, more than five times the $8.5 billion Western nations ha…

Net Zero Emission

U.S. EPA Begins Work to Set up $27 Bln Green Bank

The Environmental Protection Agency (EPA) on Friday began the process of designing a $27 billion green bank that will offer grants to disadvantaged communities …

Wind Farm

Ørsted Partners with ECP in the Company’s First-Ever Farm-down of Onshore Assets

Ørsted closed a transaction with Energy Capital Partners (ECP), a leading energy transition-focused investor, to divest a 50 % ownership stake in a portfolio c…

Nuclear Reactor

Key Milestone Achieved in Development of Molten Chloride Fast Reactors

Georgia-based utility Southern Company and nuclear reactor design firm TerraPower have installed a test facility at TerraPower’s laboratory in Everett, Washing…

Electric Vehicle Battery

VW Steps up EV Battery Development and Production

Volkswagen has established partnerships to investigate new battery materials and to establish a large scale battery supply chain.

Electric Car

Nikola Expects Inflation Reduction Act to Lower Hydrogen, Truck Costs

Incentives provided by the recently passed Inflation Reduction Act (IRA) will help Nikola Corp by lowering costs of its electric trucks and hydrogen energy busi…

Electric Car

U.S. Boosts EV Purchases, but Faces Supply Chain Hurdles

The U.S. government has significantly boosted purchases of electric and plug-in hybrid vehicles but faces supply chain hurdles.