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BRICS

$18,900,000,000 in US Treasuries Dumped by BRICS Members China, Brazil, India and UAE in One Month

September 27, 2023 Mariel Alumit

Several members of the economic alliance known as BRICS are discarding billions of dollars worth of assets backed by the US government. New numbers from the Treasury Department show China is leading the charge, reducing its holdings […]

oil
BRICS

The BRICS Commodity Powerhouse: Can It Force A New Economic ‘Order’?

September 21, 2023 Mariel Alumit

Authored by Alastair Crooke via Straight Line Logic, Who now controls inflation in the U.S.: A trapped Fed, or the new commodity king? A quiet ‘watershed’ moment has passed. It was nothing ‘splashy’; many perhaps […]

Solar
Energy Transition

Solar panel exports are breaking records – now let’s install them

September 14, 2023 Mariel Alumit

Solar panel exports from China grew by 34% in the first half of 2023, with 114 gigawatts (GW) shipped worldwide, compared to 85 GW in the same period last year, according to a new analysis […]

Brazil
Energy Crisis

Brazil eyes tax perks for energy sector, sparking ‘green’ vs oil debate

August 31, 2023 Mariel Alumit

BRASILIA, Aug 31 (Reuters) – Brazil’s government aims to make more energy projects eligible for key tax benefits, however the main ministries involved disagree about whether to favor a “green” agenda or include oil projects […]

CNOOC
Crude Oil News

CNOOC signs important agreement with Brazilian oil and gas company

August 30, 2023 Mariel Alumit

China National Offshore Oil Corp signed a strategic cooperation framework agreement with Brazilian oil and gas company Petrobras on Monday in Beijing, eyeing to further deepen cooperation in oil and gas exploration and development, as […]

BRICS

BRICS Economic Bloc Expands Adding Iran, Argentina, UAE, Saudi Arabia, Egypt and Ethiopia During Summit

August 26, 2023 Allen Santos

The original BRICS economic alliance between Brazil, Russia, India, China and South Africa has expanded today.  During the summit held in South Africa, the group which is home to about 40% of the world’s population […]

BRICS
BRICS

Saudi Arabia, Iran and Egypt among 6 countries joining BRICS in 2024

August 24, 2023 Mariel Alumit

The five-nation BRICS group announced expansion of members on Thursday, having invited six countries to join the bloc. South African President Cyril Ramaphosa, who is hosting the group’s summit in Johannesburg, said that Argentina, Egypt, […]

BRICS

Can BRICS create a new world order?

August 22, 2023 Mariel Alumit

They are giant economies, with even bigger populations and still greater ambitions. Starting Tuesday, leaders of the group of nations known as the BRICS – Brazil, Russia, India, China and South Africa – are meeting […]

BRICS Officially Confirmed That It Doesn’t Want To De-Dollarize & Isn’t Anti-Western
BRICS

BRICS Officially Confirmed That It Doesn’t Want To De-Dollarize & Isn’t Anti-Western

August 17, 2023 Allen Santos

ENB Publishers Note: Andrew Korybko on his Substack wrote this article and has some outstanding points. In my opinion, as Andrew points out, the BRICS countries are saying that they do not want to de-dollarize, […]

BRICS
BRICS

Russia confirms BRICS will create a gold-backed currency

August 14, 2023 Mariel Alumit

(Kitco News) – The gold market could see new bullish momentum as the world could see a new type of gold standard. Friday, according to state-run RT, the Russian government has confirmed that Brazil, Russia, India, China […]

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ExxonMobil lobbies Biden administration for tax credits for hydrogen made from natural gas

September 28, 2023

(Bloomberg) – ExxonMobil Corp. is lobbying the Biden administration to allow hydrogen made from natural gas to qualify for some of the most lucrative subsidies available in the President’s signature climate law, pushing for billions […]

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E&P

New Study: Natural Gas Generates Billions for Pa.’s Economy, Supports 120k+ Jobs & Boosts Critical Tax Revenues

September 28, 2023

PITTSBURGH, PA – September 27, 2023 – Natural gas development is fundamental to the health and strength of Pennsylvania’s economy, supporting well over 100,000 family sustaining careers, boosting state tax revenues, and generating billions in economic […]

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Coal

Coal makes a quiet resurgence in the clean energy era

September 28, 2023

CNN —  As momentum shifts toward clean energy, coal has had some unexpected staying power. What’s happening: Big banks like Goldman Sachs have pledged to divest from the dirty energy source, but reports that coal power is dying appear to […]

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As Wisconsin utilities go their own way on net metering, advocates seek a unified approach to solar

September 27, 2023

​Correction: This article was updated to correct the amount that MGE compensates customers for the energy they send back to the grid. It is currently 16.6 cents per kilowatt-hour. Wisconsin utility MGE is proposing to […]

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