Major LNG Producer Challenged in Court on Clean Claims in Landmark Case

CDN and International News, Conventional Energy, Emission Reduction, Energy Topics & Technology, Latest, LNG / By

Santos in Australian Federal Court over alleged greenwashing Questions raised over gas exporter’s net zero ambitions One of the world’s first legal challenges over corporate greenwashing kicked off in an Australian court, with an activist shareholder group claiming natural gas producer Santos Ltd. misled investors on its climate targets. The Australasian Centre for Corporate Responsibility said Monday in …

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Private Equity’s Next Bet on Artificial Intelligence Is Nuclear Energy

Artificial Inteligence, Conventional Energy, Energy Topics & Technology, Latest, Nuclear, US News / By

Climate goals, data centers driving interest in atomic sector Amazon, Google, Microsoft have recently done power deals Some of the world’s biggest managers of private capital are making moves to finance and invest in nuclear power plants, latching onto a revival in the sector driven in part by tech giants’ electricity-intensive AI ambitions. Carlyle Group …

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Panama Canal Seeks LNG Comeback After 65% Decline in Traffic

CDN and International News, Conventional Energy, Latest, LNG / By

Summary Asia’s demand for US LNG expected to continue rising Canal could have more room for LNG vessels following new reservation system LNG vessels had access to long-term reservations starting in January PANAMA CITY/HOUSTON, Oct 29 (Reuters) – The Panama Canal aims to regain vessel traffic carrying U.S. liquefied natural gas to Asia as demand …

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US Gulf of Maine Offshore Wind Auction Poses Test for Beleaguered Industry

Latest, Renewable Energy, US News, Wind / By

(Reuters) – President Joe Biden’s administration on Tuesday will kick off a sale of offshore wind development rights for eight areas off the coasts of northern New England, a key test of industry appetite for new investment after a year of high-profile setbacks. The auction of nearly 1 million acres (404,680 hectares) in the Gulf …

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U.S. Dispatchable Clean Power Output Hit by Hydro Slump

Hydro, Latest, Renewable Energy, US News / By

Commentary By Gavin Maguire (Reuters) – An enduring drought across much of the western United States has caused a drop in U.S. hydro power generation to a 23-year low so far in 2024, data from the U.S. Energy Information Administration (EIA) shows. The fall in hydro generation has been somewhat overshadowed by the climb in …

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Electric Shockwave: VW Seeks Unprecedented Plant Closings in Germany as Auto Crisis Deepens

CDN and International News, Electric Vehicles, Energy Topics & Technology, Latest / By

Plans to cut thousands of jobs and slash wages as Europe’s biggest automaker tries to halt its tailspin Bloomberg News Volkswagen AG plans to close at least three factories, eliminate thousands of jobs and slash wages for tens of thousands of German workers as Europe’s biggest automaker tries to halt its tailspin. The proposals to fix …

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Oil Prices Fall as Reality of Weak Global Demand Overtakes Risk of Wider War in Middle East

Conventional Energy, Latest, Oil, US News / By

Global oil prices are falling sharply after a retaliatory strike by Israel over the weekend targeted Iranian military sites rather than its energy infrastructure as had been feared. Prices for crude spiked globally on October 2 after Iran fired nearly 200 missiles into Israel, part of a series of rapidly escalating attacks between Israel and …

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U.S. Natgas Prices Drop 8% on Mild Forecasts, Rising Output

Conventional Energy, Latest, Natural Gas, US News / By

U.S. natural gas futures dropped about 8% on Monday on forecasts for mild weather through at least mid-November, less demand next week than previously expected and an increase in output in recent days. Another factor weighing on gas prices was a 6% drop in oil futures on Monday after a limited Israeli attack on Iran …

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