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Home2023October

Month: October 2023

Climate Crisis

Germany Brings Back Mothballed Coal Plants to Help Keep Lights On

October 4, 2023 Mariel Alumit

Three plants from RWE and LEAG in stand-by to be switched on Measure should help nation save gas, economy ministry says Germany will bring several mothballed coal plants back to the market this winter to […]

Macron
Energy Crisis

What Macron means when he says he wants to ‘take back control’ of French power prices

October 4, 2023 Mariel Alumit

PARIS, Oct 4 (Reuters) – French President Emmanuel Macron said last week his government would “take back control” of electricity prices by the end of the year, without spelling out what steps he would take. […]

Energy
Climate Crisis

International Energy Agency oil demand claims: Their headlines may please the masters, but the data usually says something else

October 4, 2023 Mariel Alumit

The International Energy Agency, a Paris-based intergovernmental organization that regularly publishes energy research and outlooks, was in the news again the other week. “No new oil, coal projects needed as fossil fuel demand to peak […]

Africa
Crude Oil News

South Africa gives go-ahead for TotalEnergies to drill offshore

October 4, 2023 Mariel Alumit

CAPE TOWN, Oct 2 (Reuters) – South Africa’s environment ministry has given the go-ahead for TotalEnergies (TTEF.PA) to drill offshore for gas and oil, after rejecting an appeal from more than a dozen individuals and lobby groups […]

EU
Climate Crisis

EU Launches Carbon Border Tax To Push Greener Global Trade

October 4, 2023 Mariel Alumit

Starting 2026, EU importers and non-EU exporters will face a levy on emissions linked to their products, echoing the EU Emissions Trading System. The carbon tax aims to promote green technologies and may exempt imports […]

Saudi
Crude Oil News

Saudi Arabia And Russia Will Not Alter Voluntary Oil Supply Cuts

October 4, 2023 Mariel Alumit

Saudi Arabia and Russia have both confirmed that they will be keeping their supply cuts in November despite the recent oil price rally. The announcements came just hours before the Joint Ministerial Monitoring Committee and […]

Biden
Crude Oil News

Oil industry groups urge Biden administration to revise greenhouse gas reporting rule

October 4, 2023 Mariel Alumit

(WO) – The American Petroleum Institute urged the Biden administration to revise the proposed Subpart W greenhouse gas (GHG) reporting rule so that it reflects the progress industry has made to reduce emissions, increases transparency […]

cannibalisation
Electrical Generation / Utilities

Why reports of renewables price cannibalisation may be greatly exaggerated

October 4, 2023 Mariel Alumit

Price cannibalisation is an emerging threat to the transition to zero-carbon electricity grids, as solar and wind penetrate ever further into the power mix. It is the phenomenon where variable renewables depress wholesale power prices at […]

ESG
ESG

Money managers are shifting their attitude to ESG as ‘realism’ sets in, says S&P’s Dan Yergin

October 4, 2023 Mariel Alumit

The planned transition toward renewables is still in focus for the energy industry, and technology such as hydropower, solar, biofuels and many others remain key as the world seeks to move away from a carbon-intensive […]

Aljazeera International

Is US funding for Ukraine under threat?

October 4, 2023 Mariel Alumit

As campaigning for next year’s United States presidential election heats up, Ukraine has emerged as a central theme. President Joe Biden is currently scrambling to muster support for a new aid package for the war-torn […]

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