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Home2023April

Month: April 2023

the cost of a wind turbine has increased by 38 percent in two years
Climate Crisis

Data insight: the cost of a wind turbine has increased by 38% in two years – and cost for critical minerals up

April 30, 2023 Mariel Alumit

The Covid-19 pandemic, global supply chain crisis and war in Ukraine have all played havoc with global commodity markets. For commodity traders, it has been big business: across the sector – which includes hedge funds, banks […]

Carbon Capture

Financing the energy transition – we need a plan to provide the lowest kWh along the path

April 30, 2023 Mariel Alumit

ENB Pub note: Excellent article from White & Case about the Energy Transition. Looking at the money is like the old phrase “Follow The Money.” For years, climate change campaigners and policymakers have argued that […]

Price
Bankruptcy

Market Rally Shakeout May Be Bullish Signal; JPMorgan Eyes First Republic After FDIC Takeover

April 30, 2023 Mariel Alumit

The stock market rally fell sharply during the past week, but rebounded to close with solid gains, a shakeout that could set the stage for a stronger advance. JPMorgan Chase and PNC Financial are vying […]

Geopolitical

The State Of ‘Democracy’ Around The World

April 30, 2023 Mariel Alumit

Only 8% of the world’s population actually lives in a full, functioning democracy, according to the Economist Intelligence Unit (EIU). Meanwhile, another 37% of people live in some type of “flawed democracy”, while 55% of […]

Commodities

Europe Is Buying Record Amounts Of Refined Russian Fuels Through India, And Paying A Huge Markup

April 29, 2023 Mariel Alumit

Last August, we were the first to show how Russia was bypassing Europe’s so-called commodities embargo: it was selling LNG to China which was then re-selling it to Europe at a substantial mark up. And […]

Carbon Credit

The Impact of Carbon Credits on Renewable Energy Development

April 29, 2023 Mariel Alumit

The boiling concerns on climate change have made renewable energy sources and their development a key topic of research. Companies that are leading the clean energy transition have been, or are, considering to leverage the carbon credit […]

Valero
Crude Oil News

Valero takes Venezuelan crude in February

April 29, 2023 Mariel Alumit

Valero takes Venezuelan crude in February Houston, 28 April (Argus) — US independent refiner Valero received crude from Venezuela in February, adding to the list of US refineries that are absorbing volumes from the South […]

Exxon delivers a record first-quarter profit on higher output
Big Oil Companies

Exxon delivers a record first-quarter profit on higher output

April 29, 2023 Mariel Alumit

Exxon Mobil  on Friday reported a record first-quarter profit that was more than double from a year ago and topped Wall Street estimates as rising oil and gas output overcame a pullback in energy prices […]

Green Inflation And The End Of Capitalism: Lenin’s Thesis Being Tested
Climate Crisis

Green Inflation And The End Of Capitalism: Lenin’s Thesis Being Tested

April 29, 2023 Mariel Alumit

In an interview on Wednesday, the Bank of England’s chief economist Huw Pill said “[People] need to accept that they’re worse off and stop trying to maintain their real spending power by bidding up prices, whether [through] […]

Oxy holds groundbreaking ceremony for carbon capture plant
CCUS

Oxy holds groundbreaking ceremony for carbon capture plant

April 29, 2023 Mariel Alumit

Oxy’s carbon capture plant, Stratos, will be considered the world’s largest direct air capture plant once it’s complete. ODESSA, Texas — Oxy and its subsidiary, 1PointFive, held a groundbreaking ceremony Friday for their planned carbon […]

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