EU
Big business likes to trumpet ESG credentials. But a ‘greenwashing’ reckoning could be on the horizon
As the 2020s progress, discussions about climate change, the environment and issues related to equality and diversity are at the forefront of many people’s minds. The corporate world is no exception, with banks, energy producers and a host of other major businesses keen to trumpet their sustainability credentials through advertisements, pledges, social media campaigns and […]
Read More
Volvo starts off series creation of significant-responsibility electric powered vans, targets 50% of sales by 2030
This graphic displays staff at Volvo Trucks’ plant in Sweden. Volvo Vehicles Volvo Vans reported Wednesday that manufacturing of three heavy duty electric truck products was now underway, with its president telling CNBC that the information represented “a big second” for the company. In a assertion, Volvo Vans claimed the electrified Volvo FM, Volvo FMX […]
Read More
Russia has cut off gasoline materials to Europe indefinitely. Here is what you have to have to know
Russia’s transfer to indefinitely suspend gasoline flows to Europe through Nord Stream 1 is observed as a more escalation of its policy to inflict economic soreness to Germany. Lisi Niesner | Reuters Europe has been thrown into its biggest electricity crisis in many years with natural fuel supplies from Russia turning into unstable and unpredictable […]
Read More
EU energy main urges China and India to support a selling price cap on Russian oil
BALI, Indonesia — The European Union on Saturday urged China and India to be a part of the G-7 initiative to utilize a cap on Russian oil prices, indicating it is unfair for countries to pay out extra revenues to Moscow amid the Kremlin’s war in Ukraine. The G-7 nations introduced Friday that they agreed […]
Read More
Strength CEO phone calls out Europe’s ‘foolish’ dependence on natural gasoline
Enel’s Francesco Starace photographed throughout the Globe Economic Discussion board in Switzerland on Could 24, 2022. Throughout an interview with CNBC on Friday, Starace mentioned dependence on gas was “silly.” Jason Alden | Bloomberg | Getty Visuals The CEO of Italian energy agency Enel informed CNBC Friday that Europe’s dependence on natural gas was “foolish” […]
Read More
Russia’s vitality influence above Europe ‘is almost over’ as bloc races to shore up winter fuel materials
Germany is presently ahead of plan in its race to fill underground gas storage facilities forward of wintertime. Bloomberg | Bloomberg | Getty Photos Europe’s dependence on Russian fuel seems to be coming to an conclude, strength and political analysts say, perhaps assuaging the danger of additional offer disruptions at a time when quite a […]
Read More
Europe’s evaporating rivers wreak havoc for food and electricity manufacturing in advance of winter season
France’s Loire River is at its lowest level as Europe activities what is imagined to be its worst drought in at minimum 500 several years. Guillaume Souvant | Afp | Getty Photos Europe’s rivers are functioning dry after an extended time period of exceptionally incredibly hot weather conditions, ratcheting up fears about foods and electricity […]
Read More
The world’s biggest offshore wind farm is now fully operational
One of the turbines at the Hornsea 2 offshore wind farm. According to Danish energy firm Orsted, the facility has a capacity of more than 1.3 gigawatts. Orsted A facility described by Danish energy firm Orsted as the “world’s biggest offshore wind farm” is now fully operational, with its 165 turbines set to help power […]
Read More
German energy giant RWE to burn extra coal as Russian gas supplies dwindle
An excavator photographed at a lignite mine operated by RWE on April 8, 2022. RWE says it wants to be carbon neutral by 2040. Alex Kraus | Bloomberg | Getty Images The chief financial officer of German energy firm RWE told CNBC Thursday that it will burn more coal in the short term — but […]
Read More
Goldman Sachs doesn’t see nuclear as a transformational technology for the future
A nuclear power plant photographed in Germany, on August 4, 2022. Discussions about nuclear’s role in Europe’s biggest economy have been thrown into sharp relief following Russia’s unprovoked invasion of Ukraine in February. Lennart Preiss | Getty Images News | Getty Images Nuclear has a role to play in the years ahead but it should […]
Read More