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Net Zero Emission

Carbon Credit Use Could Curb Company Climate Action, Warns UK Advisers

The use of cheap carbon offsets by companies to meet net zero targets could curb their efforts to cut emissions and slow the delivery of climate goals.

United States

U.S. Power Use to Reach Record High in 2022 as Economy Grows, Weather Hotter -EIA

U.S. power consumption will rise to a record high in 2022 due to rising economic activity and hotter summer weather.

United States

U.S. Will Use SPR Barrels Responsibly Where It Makes Sense to Stabilize Markets -Official

The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adre…

Natural Gas

Russia Could Deliver Gas via Nord Stream 1, but Not Nord Stream 2 - Germany

Germany will not take Russian gas via the Nord Stream 2 pipeline, a government spokesperson said on Wednesday after Russian President Vladimir Putin offered to …

Net Zero Emission

Canada's Watchdog Launches Investigation Into RBC Over Climate Complaints

Canada's Competition Bureau has launched an investigation into Royal Bank of Canada (RY.TO) over allegations that the country's largest lender had misled custom…

Carbon Emissions

Exxon Signs With Top Ammonia Maker as Its First Client for Decarbonization Business

Exxon Mobil Corp's fledging low carbon energy business on Wednesday struck its first commercial carbon storage deal under an effort to target a projected multi-…

Pumped Storage

World’s Largest Capacity Pumped Storage Hydropower Project to Be Built in Queensland

An ambitious plan to build the world’s largest pumped storage hydropower project in terms of capacity has been announced by Queensland Premier, Annastacia Pala…

Energy Saving

Industry Leaders Unite Behind Cogeneration in Letter to EU Commission

COGEN Europe, the European Association for the Promotion of Cogeneration, has presented the European Commission with an open letter calling for cogeneration to …

Nuclear Giant Westinghouse Acquired by Renewable Power Company and Uranium Fuel Supplier

A consortium comprised of Brookfield Renewable Partners, together with its institutional partners, and Cameco Corp. announced on Oct. 11 an agreement to acquire…

Crude Oil

White House Leaves Door Open for Additional SPR Releases

The White House said on Tuesday that it has many options to counteract OPEC+’s looming production cuts, including the release of even more crude oil from the n…

India

Toyota Launches Pilot Project for Flex Fuel Vehicle in India

Toyota Motor Corp on Tuesday unveiled its flex fuel hybrid sedan in India, kicking off a pilot project in a market where the government is pushing automakers to…

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…

Electric Vehicle Charging

GM Is Launching a New Business to Connect Homes and Businesses With EV Chargers, Energy Storage

GM is starting a new business unit to offer electricity storage and management for homes and businesses.

KSOE to Demonstrate Fuel Cell-Applied Ship Operation

Hyundai Heavy Industries Group speeds up the era of eco-friendly ships by launching a demonstration project to apply fuel cells, which are in the spotlight as a…

Natural Gas

GE and India’s NTPC to Demo Co-Firing Hydrogen in Gas Turbines

GE and Indian power company NTPC have agreed to evaluate the demonstration of hydrogen blending using GE’s 9E gas turbines.