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Carbon Emissions
Saudi Arabia Commits $2.5 Bln to Middle East Green Initiative - Crown Prince
Saudi Crown Prince Mohammed bin Salman speaks during the Future Investment Initiative Forum in Riyadh, Saudi Arabia October 24, 2018. Bandar Algaloud/Courtesy o…
Egypt
Gates Foundation Gives $1.4 Bln Climate Help to Smallholder Farmers
The Bill & Melinda Gates Foundation has pledged $1.4 billion to help smallholder farmers cope with the impacts of climate change, part of efforts at global clim…
Net Zero Emission
Shell Signs ‘Large’ Cellulosic Ethanol Deal With Raízen Amid Growing Sustainable Fuel Demand
Energy giant Shell has entered into a long-term agreement with Brazil’s Raízen to buy a total of 3.25 billion litres of sugar-crane cellulosic ethanol in a bi…
United Kingdom
Rishi Sunak Secures £3.58bn Climate Finance Deal With Kenya
UK PM has agreed to fast-track six renewable energy projects being built in the African nation.
EU
EU Commission Offers €3bn for Innovative Cleantech Projects
It has launched the third call for projects under the EU Innovation Fund, covering topics including decarbonisation, innovative electrification in industry and …
Shell Signs Agreement to Acquire ECL Business of PANOLIN
Wholly-owned subsidiaries of Shell plc in Switzerland, the UK, the US, and Sweden have entered into agreements to acquire the environmentally considerate lubric…
Carlyle Backs Solar Developer Aspen Power with $350 Mln Investment
Private equity firm Carlyle Group Inc said on Thursday it has invested $350 million to acquire a majority stake in renewable energy developer Aspen Power Partne…
Bosnia and Herzegovina
Bosnia's Power Exports at Risk as People Switch to Electricity for Heating
Bosnia may be forced to cut exports as Bosnians turn to subsidised electricity for heating after a jump in prices for other fuels, including gas, firewood and w…
World Falling Short on Funding for Climate Adaptation - UN Report
The world is falling far short at rounding up money to help struggling nations adapt to the increasingly dangerous impacts of climate change.
LNG
Shell's Flagship LNG Trading Division Made Big Loss in Q3
Gas trading divisions by Shell’s peers performed much better.
Energy Transition
British Energy Giant Bp to Buy Biogas Producer Archaea in $4.1bn Deal
Archaea Energy operates 50 renewable natural gas and landfill gas-to-energy facilities across the US, producing around 6,000 barrels of oil equivalent a day of …
Natural Gas
Uniper’s Net Losses Reach €40.4bn as Gas Crisis Continues
German energy company Uniper has reported that net losses in the first nine months of the year had reached €40.4 billion ($39 billion), against a €4.7 billion…
Rising Interest Rates Weigh on Renewable Growth
European renewable stocks have fallen 20% since August.
Biden Unveils $13.5 Billion Package to Ease Home Energy Costs
U.S. President Joe Biden has announced plans to shell out $13.5 billion to help reduce energy costs for low- and moderate-income households.
Oil Price
BP Looking at Billions in Buybacks for Q4
British oil and gas supermajor BP Plc. has announced plans to buy back $2.5 billion in shares after an impressive third quarter.
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