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Home2023August

Month: August 2023

debt
Finance

US debt explosion may force the Fed to halt a key tightening campaign so the financial system doesn’t become unstable

August 28, 2023 Mariel Alumit

The Treasury’s deluge of T-bills could force the Federal Reserve to halt quantitative tightening. That’s as the debt binge may pressure bank reserves, economists at the St. Louis Fed wrote. The Treasury has issued $1 […]

Climate Crisis

UN experts challenge Saudi Aramco over climate change

August 28, 2023 Mariel Alumit

UN experts have written to oil firm Saudi Aramco and its financial backers challenging them on allegations that their activities are fuelling climate change-related negative impacts on human rights. A cache of correspondence was published […]

UK
Crude Oil News

UK Oil And Gas Giant Cuts Investments And Defers Projects Over Windfall Tax

August 28, 2023 Mariel Alumit

Ithaca Energy, one of the largest oil and gas producers in the UK, has reduced investments and is deferring some projects this year and next, due to the burden of the windfall tax Britain has […]

ESG
ESG

It’s only a matter of time until the ESG movement will R.I.P.

August 28, 2023 Mariel Alumit

ESG is on its last legs. How do I know this? Consider the actions of BlackRock, the big money manager and one of the initial and fiercest advocates of the Environmental, Social, and Governance investing […]

Price
EIA News

Food service buildings are highly energy intensive

August 28, 2023 Mariel Alumit

August 28, 2023 Data source: U.S. Energy Information Administration, Commercial Buildings Energy Consumption Survey Note: Major fuels=electricity, natural gas, fuel oil, and district heat Food service buildings including restaurants are nearly four times more energy […]

Coal

Renewables will not end load-shedding – former Eskom COO

August 28, 2023 Mariel Alumit

South Africa’s electricity supply challenges will not be solved by renewable energy alone as the country needs a “hybrid solution” that involves multiple sources of electricity generation. This is according to former Eskom COO Jan […]

Electrical Generation / Utilities

California’s energy mix is changing but natural gas still the No. 1 source

August 28, 2023 Mariel Alumit

Natural gas is still the state’s largest energy source, followed by solar, wind, hydro and nuclear Some things are changing in California’s mix of energy sources for electricity generation, but others are not. With policymakers […]

Climate Crisis

How Much CO2 Does A Single Volcano Emit?

August 28, 2023 Mariel Alumit

Every volcanic eruption that occurs on planet Earth is full of pollutants. Not just ash and dust, mind you, but also carbon dioxide: one of the strongest greenhouse gases on our planet. In the largest […]

Aljazeera International

Saudi Arabia appoint Italy’s Roberto Mancini as national team coach

August 28, 2023 Mariel Alumit

Roberto Mancini has been named as the new coach of the Saudi Arabia national team on a deal reported to be worth more than $25m a year, after his surprise decision to quit the Italy […]

Aljazeera International

Palestine’s betting on BRICS, but is BRICS betting on Palestine?

August 28, 2023 Mariel Alumit

Since Russia’s full-fledged invasion of Ukraine in 2022, the geopolitics of the Middle East and North Africa region have been undergoing an upheaval. Most recently, Palestine has applied to join the Brazil-Russia-India-China-South Africa (BRICS) bloc […]

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