(Investing) – BAKU – Trade tensions are flaring at the COP29 climate summit, with China, Brazil and a host of developing countries complaining that perceived trade barriers, such as the European Union’s carbon border levy, will undermine climate efforts, according to U.N. documents and negotiators. Nearly 200 countries are wrangling at the climate talks over a deal to provide hundreds of
(World Oil) – (WO) — HSM Offshore Energy, a leader in the EPCIC of multidisciplinary offshore renewable projects, has successfully rolled out the THOR OHVS (Offshore High Voltage Substation) and lifted the GIS modules for RWE Renewables at its Schiedam yard in the Netherlands. Upon completion, THOR, with a planned capacity of 1058 MW, will stand as Denmark’s largest offshore
(Oil Price) – Hopes at COP29 in Baku for a breakthrough on climate financing are fading fast, fueling frustration that the United Nations’ framework for addressing global warming is dysfunctional. Non-governmental organization participants are complaining about being sidelined, while governmental representatives are perceived to be dithering. Some insiders report that haggling over funding is preoccupying governmental participants, preventing them from addressing
(Oil & Gas 360) – Cross Trails BESS to provide energy and ancillary services to support renewable energy production and improve grid resiliency in the Electric Reliability Council of Texas (ERCOT) region Upcoming deployment demonstrates Energy Vault’s execution on its growth strategy to maximize capital efficiency and profitability in building, owning and operating energy storage infrastructure WESTLAKE VILLAGE, Calif. &
(Investing) – This month’s U.N. climate summit – COP29 in Baku, Azerbaijan – has been dubbed the “climate finance COP” for its central goal: to agree on how much money should go each year to helping developing countries cope with climate-related costs. That discussion could be tough following Tuesday’s re-election of former U.S. President Donald Trump, a climate denier whose
(Yahoo Finance) – Shares in renewable energy firms plunged after Donald Trump won a second term as president of the United States on a platform that promises to boost fossil fuels and undo the green agenda of his predecessor. US clean energy stocks suffered in pre-market trading in New York, especially solar firms. Sunnova Energy International Inc. (NOVA) was down
(Investing) – A ballot initiative to ax Washington state’s carbon market would, if passed next week, send an ominous signal to other U.S. states and Canadian regions looking to build markets aimed at cutting emissions that scientists blame for climate change. The carbon market, formed by the state’s Climate Commitment Act (CCA), has raised more than $2 billion for programs
(Oil Price) – The United States Geological Survey (USGS) and the Arkansas Department of Energy and Environment’s Office of the State Geologist have discovered a vast lithium reserve containing more than nine times the International Energy Agency’s projection of global lithium demand for electric vehicles in 2030. A relic of an ancient sea that left an extensive, porous, and permeable limestone geologic, the
(Oil Price) – Microsoft recently struck a deal to restart of the Three Mile Island nuclear power plant. Google partnered with small modular reactor developer Kairos to build 500MW of generation capacity. Amazon bought stock in another SMR developer, X-energy. Big Oil loves nuclear. This could change the course of the energy transition. Until quite recently, Big Tech was fully dedicated to the energy transition
(World Oil) – Technology company Techouse has teamed up with several energy companies, including TotalEnergies and Equinor, plus SINTEF Energy Research, to develop and test a compact, lightweight once-through steam generator (OTSG) that can enable substantial reduction in fuel consumption and CO2 emissions from power and heat production at offshore installations. “Previous research and development has proved that implementing gas turbine
(Oil Price) – The Biden Administration has granted a final federal permit to a lithium-boron project in Nevada in the first such project approved by the Administration as part of its efforts to support America-produced lithium and reduce dependence on Chinese supply, the project developer said on Friday. The U.S. Bureau of Land Management has issued the federal permit for the Rhyolite Ridge
(Oil & Gas 360) – “The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function.” (F. Scott Fitzgerald). That ability appears to be paying off these days for Elon Musk, who, according to Forbes Magazine, is the world’s richest person at nearly a quarter
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