(Bloomberg) — Libya has cut crude production by nearly 20% due to maintenance at its largest oil field and leaks on pipelines linking other desert deposits to the Mediterranean coast. The OPEC…
Renewables boom unleashes war over talent for green jobs
Clean energy giants are finding a shortage of workers with the skills needed to support their ambitious growth plans. The renewables jobs market is heating up and candidates with the right abilities…
Engine No. 1 converts tiny ExxonMobil stake into big win
NEW YORK: ExxonMobil has spent more than two decades sparring with activists over climate change, turning back virtually every shareholder challenge at its annual meeting each spring. But late last month, the…
World’s Top Oil Trader Vitol Sees OPEC+ Controlling Crude Market
(Bloomberg) — OPEC+ seems in charge of crude costs as U.S. manufacturing is lagging pre-pandemic ranges, in line with a senior govt on the world’s greatest unbiased oil dealer, Vitol Group. The…
G7 finance ministers meet, global corporate tax deal ‘within sight’
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…