Environment
Biden to call for 3-month suspension of gas and diesel taxes
President Joe Biden on Wednesday will call on Congress to suspend federal gasoline and diesel taxes for three months — a move meant to ease financial pressures at the pump that also reveals the political toxicity of high gas prices in an election year. The Democratic president will also call on states to suspend their […]
Read More
Coal investments set to rise 10% this year as nations fret over energy security
Coal and a wind turbine in Hohenhameln, Germany, on April 11, 2022. A number of major economies have formulated plans to reduce their reliance on Russian hydrocarbons in recent months. Mia Bucher | Picture Alliance | Getty Images Global energy investment is on course to jump by more than 8% in 2022 and hit $2.4 […]
Read More
Canada is banning single-use plastics, including grocery bags and straws
Restaurants and grocery stores worry about a supply of alternative products as the government announces details of its ban on single-use plastics. in Toronto. June 20, 2022. Steve Russell | Toronto Star | Getty Images Canada is banning the manufacture and import of single-use plastics by the end of the year, the government announced on […]
Read More
Russia is squeezing Europe’s gas supplies, sparking a bitter and reluctant return to coal
German Economy Minister Robert Habeck has warned that the situation is going to be “really tight in winter” without precautionary measures to prevent a supply shortage. Ina Fassbender | Afp | Getty Images Reduced flows of Russian gas and the specter of a full supply disruption have prompted some European governments to reconsider coal, one […]
Read More
Volvo says it has started testing trucks with fuel cells powered by hydrogen
According to Volvo Trucks, fuel cells for the vehicles will be provided by cellcentric, a joint venture with Daimler Truck that was established in March 2021. Tomohiro Ohsumi | Bloomberg | Getty Images Volvo Trucks said Monday that it had begun to test vehicles that use “fuel cells powered by hydrogen,” with the Swedish firm […]
Read More
‘The situation is serious’: Germany plans to fire up coal plants as Russia throttles gas supplies
Germany plans to compensate for a cut in Russian gas supplies by increasing the burning of coal — the most carbon-intensive fossil fuel in terms of emissions. Bloomberg | Bloomberg | Getty Images Germany has said the deteriorating gas market situation means Europe’s largest economy must limit the use of natural gas for electricity production […]
Read More
‘Our product, our rules’: Russia sends alarm bells ringing over Europe’s winter gas supplies
Gazprom’s Miller says he sees no solution to an ongoing equipment issue at part of the Nord Stream 1 pipeline. Anadolu Agency | Anadolu Agency | Getty Images LONDON — An ominous warning from Russia’s state-backed energy giant Gazprom has stoked fears of another turbulent winter for European gas supplies. As a pre-summer heatwave hits […]
Read More
A huge offshore wind farm is jumping on a growing industry trend — recyclable turbine blades
A wind turbine at the Ormonde Offshore Wind Farm, in the Irish Sea. With governments around the world attempting to ramp up their renewable energy capacity, the number of wind turbines worldwide only looks set to grow, which will in turn increase pressure on the sector to find sustainable solutions to the disposal of blades. […]
Read More
Goldman Sachs loves these 4 global energy stocks — and one is on its conviction list
Analysts at Goldman Sachs and Bank of America have picked their top energy stocks, with those involved in hydrogen, electric vehicles and renewables among their favorites. The sector certainly looks hot right now, with the iShares Global Energy ETF up around 30% year-to-date as investors react to sky-high energy prices. In a note from June […]
Read More
Environmental groups sue Biden to block 3,500 oil and gas drilling permits
A polar bear sow and two cubs are seen on the Beaufort Sea coast within the 1002 Area of the Arctic National Wildlife Refuge. U.S. Fish and Wildlife Service | Reuters A coalition of environmental groups this week sued the Biden administration in an effort to stop more than 3,500 permit applications from energy companies […]
Read More