Alongside the formal negotiations taking place in the halls of the sprawling COP27 climate summit in Egypt last week, a group of officials from Uganda met fossil fuel company executives to discuss potential oil exploration. “We’ve only explored 30-40 per cent of our oil resources,” said Irene Batebe, permanent secretary at Uganda’s ministry of energy … Read more
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Colleen Barry Publishing date: Nov 26, 2022 • 41 minutes ago • 5 minute read Join the conversation Article content VERONA, Italy (AP) — Early season merrymakers sipping mulled wine and shopping for holiday decorations packed the Verona Christmas market for its inaugural weekend. … Read more
Regulator Ofgem has set out proposals to reform Britain’s energy market, including changing how much suppliers can make under the price cap and raising capital requirements to reduce the risk of supplier failures. Ofgem also said that it would “closely” monitor suppliers’ use of customer credit balances but held back from suggesting they should be … Read more
Until now, the U.S. clean-energy revolution has been imported. Other countries make almost all of the batteries, solar panels, and critical chemicals used in America. But the revolution is starting to come home, a move that could shake up the renewable-energy supply chain. Companies like Panasonic Holdings (ticker: 6752.Japan), General Motors (GM), Honda Motor (HMC), … Read more
Litecoin (LTC) is currently experiencing a sharp price correction, going down by more than 4% during the last hour, according to latest tracking from Coingecko. At the time of this writing, the crypto asset is trading at $75.94 after hovering around the $78 region for most of the day. With its recent price dump, the … Read more
The empty assembly line at the Duralex glassware factory in Orléans, France, on Nov. 15. Eleanor Beardsley/NPR hide caption toggle caption Eleanor Beardsley/NPR The empty assembly line at the Duralex glassware factory in Orléans, France, on Nov. 15. Eleanor Beardsley/NPR ORLÉANS, France — The assembly line at the Duralex glassware factory sits idle, its massive … Read more
Breadcrumb Trail Links PMN Business Author of the article: Reuters Pavel Polityuk and Tom Balmforth Publishing date: Nov 25, 2022 • 27 minutes ago • 4 minute read Join the conversation Article content KYIV — Much of Ukraine remained without heat or power after the most devastating Russian air strikes on its energy grid so far, … Read more
Spain pushed ahead with its controversial plan to impose windfall taxes on banks and energy companies on Thursday as lawmakers approved the move despite the concerns of international institutions. The Socialist-led government proposed the temporary taxes in July to raise €7bn as it seeks funds to mitigate the painful impact of high energy costs and … Read more
Energy ministers have delayed approval of EU plans to address the energy crisis after several member states threatened to block the measures unless changes are made to a plan to cap gas prices. Jozef Sikela, the Czech energy minister whose country holds the rotating EU presidency, said on Thursday that ministers must meet again on … Read more
Rishi Sunak has given the go-ahead for a UK public information campaign to encourage people to cut their energy bills using straightforward measures such as turning down their boilers and switching off electrical devices during the day. The prime minister is considering various options for launching a public information campaign ahead of Christmas, designed to … Read more