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Company failed to secure a lifeline for its battery-cell business in a faltering market for electric vehicles Bloomberg News Northvolt said its main factory will operate as usual during the reorganization. “The company will continue to make deliveries to customers, while fulfilling obligations to critical vendors and payment of wages to employees,” according to the …
Northvolt Files for Bankruptcy in Blow to Battery Hopes Read More »
Summary Container shipping firms are at the vanguard of the green push Order books reflect uncertainty over supplies of cleaner fuels Dual-fuel LNG ships make up the bulk of container ship orders Shippers invest in other green fuels like methanol, ammonia, hydrogen LOS ANGELES, Nov 21 (Reuters) – Container shipping companies like Maersk , CMA …
Container Shippers Hedging Green Transition with Dual-Fuel Vessel Orders Read More »
Several investors have already dropped out of Northvolt’s rescue talks Bloomberg News Sweden’s Northvolt AB hired restructuring expert Paul O’Donnell to oversee its main factory unit, as time runs short for the struggling battery maker to mend its finances outside of bankruptcy court. O’Donnell, who has helped Thames Water engage with creditors, will become chairman of Northvolt …
Northvolt Hires Restructuring Expert to Oversee its Main Factory Read More »
Peers including Volkswagen AG and Stellantis NV have issued profit warnings in recent months Bloomberg News Ford Motor Co. will look to eliminate another 4,000 positions in Europe, further retrenching within a region where the transition to electric vehicles is losing traction industry-wide. The reductions — which amount to about 14 per cent of Ford Europe’s …
Ford to Slash 4,000 Jobs in Europe as EV Transition Loses Momentum Read More »
(Reuters) – OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of weak demand, and difficult to deepen supply cuts because some members want to pump more, sources and analysts said. The Organization of the Petroleum Exporting Countries and its allies …
OPEC+ May Stick With Deep Oil Cuts for Longer Due to Weak Demand Read More »
Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals, revive its share price and allay …
European Oil Giants Step Back From Renewables Path Read More »
COP 29 leaders are demanding over a $1 trillion a year in climate reparations from the US and other successful nations. They don’t deserve a nickel. By Alex Epstein COP 29 is calling for over $1 trillion in annual climate reparations A major theme of COP 29 is that the world should set a “New …
COMMENTARY: The Injustice of Climate Reparations – Alex Epstein Read More »
We need energy freedom to increase climate resilience and drive energy innovation By Alex Epstein Climate debates often focus on exactly how much rising CO2 levels will impact the global climate.The truth is, there is a lot of uncertainty here.What is certain is that we need energy freedom to achieve climate resilience and energy innovation. Here …
COMMENTARY: 3 Undeniable Facts About Climate For #COP29 – Alex Epstein Read More »
Austria’s energy company OMV was informed by Gazprom that the Russian gas producer would halt deliveries of natural gas via Ukraine to OMV from 0500 GMT on Nov. 16 following OMV winning an arbitration case. Supplies of Russian gas to Europe via Ukraine may completely stop from Jan. 1 2025 after the current five-year deal …
What Happens When Russian Gas to Europe via Ukraine Stops? Read More »
TotalEnergies, BP, Equinor and Shell commit $500 million to boost energy access PARIS, Nov 15 (Reuters) – Oil and gas majors TotalEnergies, BP, Shell and Equinor pledged on Friday to invest $500 million to increase access to affordable energy, primarily in sub-Saharan Africa, south and southeast Asia. That is about 0.7% of some $70 billion in net …
TotalEnergies, BP, Equinor and Shell Commit $500 Million to Boost Energy Access Read More »
