By Jean Pisani-Ferry /Paris The incoming president of the European Commission, Ursula von der Leyen, has laid out a highly ambitious climate agenda. In her first 100 days in office, she intends…
The Dangerous Delusion of Optimal Global Warming
Aug 1, 2019 ADAIR TURNER The Nobel laureate economist William Nordhaus believes that global warming should be limited to 3.5°C, which is much higher than the 2°C targeted by the Paris climate agreement….
Siemens Is Latest Casualty of European Manufacturing Slowdown
German industrial giant Siemens AG became the latest casualty of Europe’s economic slowdown, warning a sharp deterioration in some markets hurt quarterly profit and has put financial goals at risk. The shares…
India set to increase energy imports from US: Minister
Bloomberg/New Delhi India will step up oil and gas imports from the US as the third-biggest oil consumer looks to diversify its supply sources and secure energy for its 1.3bn people. “When…
LG Chem set to build 2nd US EV battery plant, say sources
Reuters/Seoul/Detroit South Korean electric vehicle (EV) battery maker LG Chem is considering building a second US factory, three people familiar with the matter said, accelerating a race to add capacity to meet…
Oil Tankers’ Tracking Signals Are Vanishing in the Strait of Hormuz
Oil tanker owners are finding a way to reduce the risks of navigating the Strait of Hormuz, the world’s most important — and lately most dangerous — energy chokepoint: vanish from global…
Climate Changed Turbines in Landfill Trigger Debate Over Wind’s Dirty Downside
Wind turbines may be carbon-free, but they’re not recyclable. A photograph of dozens of giant turbine blades dumped into a Wyoming landfill touched off a debate Wednesday on Twitter about wind power’s…
US sanctions Iran’s Foreign Minister Mohammad Javad Zarif
The US Department of the Treasury has imposed sanctions against Iranian Foreign Minister Mohammad Javad Zarif. The sanctions freeze any assets Mr Zarif may have in America, the department said. “Javad Zarif implements…
Sweden’s Biggest Cities Face Power Shortage After Fuel-Tax Hike
Sweden’s introduction on Thursday of a tax aimed at phasing out the nation’s last remaining coal and gas plants to curb global warming comes with an unintended consequence for some of its…
Israel, Saudis Talked Gas Deals, Netanyahu Ally Says
Saudi Arabia has looked into buying Israeli natural gas, according to a former member of Prime Minister Benjamin Netanyahu’s cabinet, the latest sign of warming ties between two formally hostile nations. The…