Finance ministers from the G7 countries met face-to-face for the first since the pandemic. A key issue on the agenda is possible tax rules for major multinationals. Finance ministers from Group of Seven nations…
BLUE ECONOMY IN THE MEDITERRANEAN
ATHENS, Greece: Mediterranean countries should be among the biggest winners in the transition from fossil fuels to renewables, an energy expert told a key policy conference on Wednesday. “Here in the Mediterranean…
A global incentive to reduce emissions
• A fair proposal for reducing emissions would go some way towards reassuring that we do not live on another planet. And it would give everyone a greater incentive to save this…
Canada’s Pembina agrees to buy rival Inter for $6.9bn
Pembina Pipeline Corporation agreed to acquire Inter Pipeline for about C$8.3 billion ($6.9bn) in an all-stock deal that will create one of the largest energy companies in Canada. The proposal from Pembina…
EU deficit rules to remain suspended in 2022
Rules against overspending by EU governments will remain suspended through 2022, leaving more time for stimulus plans to boost the economy to pre-crisis levels, the European Commission said on Wednesday. “The recovery…
Le premier parc solaire flottant en haute altitude au monde est en Suisse
Dans les Alpes valaisannes en Suisse, le lac des Toules accueille le premier parc solaire flottant en haute altitude au monde. Ses panneaux produisent 50% d’énergie en plus que ceux installés en…
Opec+ signs off on July increase at meet as oil market tightens
LONDON (BLOOMBERG) – The Opec group of oil producers and its allies, or Opec+, stuck to its plan to hike oil output next month, as Saudi Arabia’s energy minister struck a bullish tone…
LNG Makers Get Hint to Go Greener From U.S. Energy Secretary
The days of promoting liquefied natural gas as “freedom gas” or “molecules of freedom” have ended at the U.S. Department of Energy. During a Friday visit to Houston, U.S. Secretary of Energy…
This Time Is Different: Outside OPEC+, Oil Growth Stalls
(Bloomberg) — “This time is different” may be the most dangerous words in business: billions of dollars have been lost betting that history won’t repeat itself. And yet now, in the oil…
Exxon Mobil’s last-ditch attempt to stave off a climate vote coup
It was a stunning moment for Exxon Mobil Corp and the wider corporate world: a tiny activist fund had succeeded in changing the company’s board. But in the hours leading up to…