Environment
World needs to accept the urgent need for fossil fuel investment now, BP CEO says
BP CEO Bernard Looney photographed in Texas on March 8, 2022. During a panel discussion on Oct. 31, 2022, Looney said his firm’s strategy was to “to invest in hydrocarbons today, because today’s energy system is a hydrocarbon system.” F. Carter Smith | Bloomberg | Getty Images BP’s strategy is centered around investing in hydrocarbons […]
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Lula’s victory in Brazil sparks optimism on deforestation, with ramifications for the globe
Luiz Inacio Lula da Silva, Brazil’s previous president, middle, addresses supporters following successful the runoff presidential election in Sao Paulo, Brazil, on Sunday, Oct. 30, 2022. Bloomberg | Bloomberg | Getty Pictures The slender acquire by Luiz Inácio Lula da Silva in the Brazilian presidential election marks a essential turning stage on environmental concerns, analysts […]
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Oil is all that Putin has left, U.S. presidential advisor Amos Hochstein says
Amos Hochstein photographed in Beirut, Lebanon, on October 27, 2022. Hussam Shbaro | Anadolu Agency | Getty Images Oil is all Russia’s economy has left following its invasion of Ukraine earlier this year, according to Amos Hochstein, special presidential coordinator for President Joe Biden. “Oil is the only thing they have left in that economy […]
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The diesel market is in a fantastic storm as selling prices surge, supply dwindles forward of winter
An aerial look at of Phillips 66 oil refinery is witnessed in Linden, New Jersey, United States on May perhaps 11, 2022. Anadolu Agency | Anadolu Agency | Getty Photographs A excellent storm is taking position in the diesel market place, with dwindling diesel reserves, a drought on the Mississippi River pushing a lot more […]
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Europe’s ‘not out of the woods’ inspite of fuel prices slipping to 4-month lows
The hottest data reveals that the EU’s all round storage degrees are at an typical of nearly 94% complete. Photo Alliance | Photo Alliance | Getty Images European gasoline costs may perhaps have dropped to levels not witnessed in more than 4 months, but this is much from currently being the conclude of the electricity […]
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EU strikes deal to ban the sale of new diesel and gasoline cars from 2035
An electric car being charged in Germany. The European Union is moving forward with plans to ramp up the number of EVs on its roads. Tomekbudujedomek | Moment | Getty Images The EU’s plans to phase out the sale of new diesel and gasoline cars and vans took a big step forward this week after […]
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Inside the world’s first affordable solar-powered electric vehicle: The $25,000 Sono Motors Sion
Germany company Sono Motors says it will bring a solar-powered electric vehicle to market in Europe in mid-2023. Sono has brought the car, called the Sion, on a tour throughout the U.S., in anticipation of its eventual domestic release. Priced at $25,000, the car is more affordable than most EVs on the U.S. market. It […]
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Amazon will open up 172,000-sq.-foot Kuiper internet satellite manufacturing facility
Rendering of a United Launch Alliance’ Atlas V rocket carrying Amazon satellites. ULA/Amazon Amazon explained on Thursday it will open up a new plant in a Seattle suburb to make satellites for Venture Kuiper. Job Kuiper, unveiled in 2019, is Amazon’s program to build a community of 3,236 satellites in lower Earth orbit to deliver […]
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IEA says clean strength expense may perhaps exceed $2 trillion a 12 months by 2030 — but it truly is not adequate
Wind turbines photographed off the coast of Wales. Thoroughly clean vitality investment decision could be on system to exceed $2 trillion for every 12 months by 2030, according to the Global Electricity Company. Ben Birchall | PA Photos | Getty Photos Cleanse vitality investment could be on program to exceed $2 trillion for each calendar […]
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Providers are earning local climate pledges they you should not have the capacity to hold, Microsoft President Brad Smith says
Brad Smith, president of Microsoft Corp., speaks throughout a local weather initiative occasion at the Microsoft Corp. campus in Redmond, Washington, U.S., on Thursday, Jan. 16, 2020. Bloomberg | Bloomberg | Getty Images SEATTLE — Providers are on the sizzling seat to respond to weather modify like under no circumstances right before, but most corporate […]
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