Ups

Offshore Wind Power

Chinese Groups Unveil World’s Largest Offshore Wind Turbine

Two Chinese companies announced production of the largest offshore wind turbine built to date, a 16-MW unit developed by China Three Gorges (CTG) and Goldwind. …

Fish Friendly Hydro: Natel Energy Is Proving It’s Possible

Hydropower projects frequently face resistance from environmental groups for a variety of reasons. One of the more common objections to hydro is the high turbin…

Electric Car

EV Makers Burning Cash Due to Sky-High Raw Material and Production Costs

Many EV start-ups recorded huge losses in September quarter and warn high costs are here to stay due to surging inflation and global supply chain crisis.

Hydrogen Project

Portugal Seeks to Become Major Exporter of Green Hydrogen

Portugal expects to become a major producer and exporter of green hydrogen with 70 private investors or groups planning to spend 10 billion euros ($10.2 billion…

United States

U.S. EPA Allowed Two-Week Extension to Issue Biofuel Blending Proposal

The U.S. Environmental Protection Agency (EPA) and a biofuels trade groups have agreed to extend by two weeks a deadline the agency has to issue a proposal on 2…

Oil Price

U.S. Oil Companies’ Cash Flow to Rise by 68% Per Barrel in 2022 - Deloitte

U.S. upstream oil companies are expected to bank 68% higher free cash flows per barrel produced in 2022 as surging prices fuel profits, while output growth ling…

Net Zero Emission

U.S. Groups Urge Kerry to Back Climate Compensation Fund

Over 100 U.S. environmental groups on Monday urged top U.S. climate diplomat John Kerry to support the creation of a fund that would compensate countries that h…

Carbon Emissions

Deutsche Bank Sets 2030 Targets to Cut Emissions Tied to Loans

Deutsche Bank on Friday said it aimed to reduce the emissions tied to its upstream corporate oil and gas sector loans by 23% by 2030, as part of a series of tar…

Natural Gas

South Korea’s Gas Consumption to Fall 4% in 2022: Report

It will stay the same in 2023 due to new nuclear and coal-fired plant start-ups.

World Bank Defends Climate Record in Meeting with NGOs

World Bank President David Malpass defended the institution's commitment to tackling climate change on Tuesday, telling civil society groups that have criticize…

United Kingdom

UK Energy Industry Body Upset Over Fracking’s Net-Zero Snub

UK energy body UKOOG criticized Tory MP Chris Skidmore for not including fracking in a net-zero review.

Net Zero Emission

New Zealand Farmers to Face Livestock Emissions Charges Under New Plan

The New Zealand government on Tuesday confirmed plans to price agricultural long-lived gases and biogenic methane that mainly comes from cow and sheep burps sep…

Oil Pipeline

Canada’s Enbridge to Sell Oil Pipelines Stake to Indigenous Groups for C$1.12 Bln

Canada's Enbridge Inc will sell a C$1.12 billion minority stake in seven Alberta oil pipelines to a group of Indigenous communities, in North America's largest …

Energy Transition

New VC Fund for Energy Transition Start-Ups in Europe

EIT InnoEnergy and Santander Asset Management are partnering on the new, yet to be named, climate tech investment vehicle.

Offshore Wind Power

Portugal Ups Debut Offshore Wind Auction Target to 10 GW

Portugal has raised the target for its debut offshore wind power auction to 10 gigawatts (GW).