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Strengthening aviation, energy sector a priority, says PHL president (Eagle News) – President Ferdinand Marcos Jr., held a series of meetings with American private companies in New York, including top managers of aerospace firm Boeing, and two energy and fuel firms. Marcos Jr., met with top executives of NuScale Power, an American energy company founded in 2007, and with WasteFuel, a California-based company which produces renewable fuels through proven technologies. After that, he met […]
by Catherine HOURS / Julien MIVIELLE Agence France-Presse PARIS, France (AFP) – Despite fears that the energy price shock unleashed by Russia’s war in Ukraine will put climate ambitions on the back burner, the transition to green fuels is more relevant than ever to reduce dependence on Russian hydrocarbons. Coal no longer a taboo As the United States imposes an embargo on Russian oil, the European Union and other countries are seeking to wean themselves […]
by Etienne BALMER and Harumi OZAWA Agence France-Presse NAMIE, Japan (AFP) – Solar farms along tsunami-ravaged coastlines, green energy “micro-grids” and the experimental production of non-polluting hydrogen: 11 years after its nuclear nightmare, Japan’s Fukushima region is investing in a renewable future. On March 11, 2011, an earthquake unleashed a deadly tsunami on northeastern Japan, triggering a meltdown at the Fukushima nuclear plant and forcing mass evacuations over radiation fears. One year later, Fukushima’s regional […]
by Kelly MACNAMARA and Patrick GALEY Agence France-Presse GLASGOW, United Kingdom (AFP) – Tens of thousands of protesters braved rain and wind in Glasgow Saturday as part of worldwide demonstrations against what campaigners say is a failure of crunch UN climate talks to act fast enough to tame global warming. Dozens of events were planned worldwide to demand cuts in fossil fuel use and immediate help for communities already affected by climate change, particularly in […]
by Julien MIVIELLE Agence France-Presse PARIS, France (AFP) — Already under pressure due to climate change, the world’s top listed oil firms suffered historic losses in 2020 as the Covid-19 pandemic sent demand and prices tumbling. The oil majors — BP, Chevron, ExxonMobil, Shell and Total — suffered $77 billion in losses for the year. Shell CEO Ben van Beurden called 2020 an extraordinary year. Total’s Patrick Pouyanne said: “All of us will remember 2020 […]
by Joe JACKSON Agence France-Presse LONDON, United Kingdom (AFP) — Britain will ban petrol and diesel vehicle sales from 2030 as part of a 10-point plan for a “green industrial revolution” to be unveiled Wednesday by Prime Minister Boris Johnson. The British premier has earmarked £12 billion (13.4 billion euros, $15.9 billion) for the wide-ranging plans, which he hopes will secure up to 250,000 jobs and help meet a target for the UK to become […]
LONDON, United Kingdom (AFP) — Britain’s Cambridge University on Thursday pledged to stop investing in fossil fuels by 2030, bowing to pressure from environmentalists including its own students. The world-renowned seat of learning in eastern England said the pledge is part of its overall goal to slash carbon emissions to zero by 2038 — well ahead of the UK government’s 2050 target. The institution will now switch its £3.5-billion ($4.5-billion, 3.8-billion-euro) endowment fund — one […]
by Jean-Baptiste OUBRIER Agence France-Presse LONDON, United Kingdom (AFP) — Global oil demand might have already peaked and will likely not stop falling for the next 30 years, hit by virus fallout and moves towards greener energy, Britain’s BP predicted Monday. At the same time, the oil cartel OPEC has revised its forecast for global demand lower this year and next for essentially the same reasons. London-listed oil giant BP, which is seeking to achieve […]
by Marlowe HOOD Agence France-Presse PARIS, France (AFP) — Falling fossil fuel demand coupled with mounting risk for investors could slash the value of oil, gas and coal reserves by two thirds, sending shock waves through the global economy, energy analysts warned Thursday. The value of projected profits for the sector could also fall by two thirds, according to a report from Carbon Tracker, a non-profit financial think tank focused on aligning capital markets with […]
FRANKFURT AM MAIN, Germany (AFP) — German automobile group Daimler said Tuesday it was partnering with Sweden’s Volvo to make hydrogen batteries for trucks, as car giants accelerate a push to wean vehicles from fossil fuels. The joint venture between the two, valued at 1.2 billion euros ($1.3 billion), is “a milestone in bringing fuel cell powered trucks and buses onto our roads,” said Daimler Truck chairman Martin Daum. “By forming this joint venture, we […]
by Patrick GALEY Agence France-Presse PARIS, France (AFP) — Rich nations are funneling cash through government-backed financial institutions to provide $30 billion to fossil fuel projects each year that “run counter to the Paris Agreement”, a new analysis showed Thursday. The export credit agencies (ECAs) of G20 countries currently provide more than 10 times more state-backed finance to oil, gas and coal projects abroad than they do to renewable energy schemes, the analysis said. […]
Doha, Qatar (AFP) – Gas-rich Qatar signed a $470-million deal on Sunday to build its first solar energy plant, capable of meeting up to one-tenth of peak national power demand. The Al-Kharsaah plant, near the capital, is a 10-square-kilometre (4-sq-mile) joint venture with French and Japanese partners due for completion in 2022 ahead of the football World Cup. “Eight times the solar power pledged in the World Cup bid will be produced,” Energy Minister Saad al-Kaabi […]
