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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 »
Summary Soaring costs, project delays and limited investment put targets out of reach Offshore wind seen as crucial to decarbonizing power industry Industry urges more government support Nov 18 (Reuters) – After a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit …
Global Offshore Wind Industry Poised to Miss Big Targets as Obstacles Mount Read More »
Summary Orsted flags higher costs at US offshore wind project Vestas shares drop after profit margin warning Both say green power demand to grow despite election outcome Harris supports offshore wind; Trump has vowed to scrap projects Orsted’s Q3 operating profit fell 14% (Reuters) – Demand for green power in the United States will grow …
U.S. Green Power Demand Expected to Grow Regardless of Election Outcome Read More »
Donald Trump’s return to the White House after winning the Nov. 5 U.S. presidential election may reshape American business. Much depends on whom he appoints as deputies and cabinet members, including the role of Tesla CEO Elon Musk, and what tariffs he enacts. Following are some major issues and sectors to watch: WHAT ROLE WILL …
How Trump’s Second Administration Affects Business: Energy, Musk, Tariffs and More Read More »
Summary Biden-era clean energy subsidies would likely survive Reduction in offshore wind leasing likely Solar, wind energy costs have dropped sharply Oil, gas output already at record highs (Reuters) – Donald Trump’s return to the White House will refocus the nation’s energy policy onto maximizing oil and gas production and away from fighting climate change, but the …
Trump Return Will Slow, Not Stop, U.S. Clean Energy Boom Read More »
Donald Trump’s return to the White House after winning the Nov. 5 U.S. presidential election may reshape American business. Much depends on whom he appoints as deputies and cabinet members, including the role of Tesla CEO Elon Musk, and what tariffs he enacts. Following are some major issues and sectors to watch:WHAT ROLE WILL ELON …
How Trump’s Second Administration Affects Business: Musk, Tariffs and More Read More »
(Reuters) – Shares in European clean energy groups plummeted on Wednesday after Donald Trump was elected president of the United States, as investors fretted over a potential dismantling of U.S. support for renewables and climate policy. Trump had vowed to scrap offshore wind projects through an executive order on his first day in office and to roll back climate regulations implemented under President …
European Clean Energy Stocks Tumble as Trump Wins Presidency Read More »
(Reuters) – Wind farms have generated a record share of U.S. electricity production so far in 2024, and are the second largest source of clean power behind nuclear plants in the U.S. generation system. Shortages of parts, jumps in labour costs and drawn-out development timelines have slowed the pace of wind farm construction in the …
(Reuters) – U.S. offshore wind developers put on a brave face at a conference this week, touting their ability to work with leaders from both political parties, although privately attendees fretted that things could get rough for them if Republican Donald Trump wins the Nov. 5 presidential election. The Republican nominee and former president has …
U.S. Offshore Wind Execs Fret Privately Over Possible Trump Election Win Read More »
Summary Clean energy net fund outflows exceed $11 bln this year Competition from China and fossil fuel returns Renewables valuations at near 3% discount to market MSCI Global Alternative Index down 18% this year MILAN, Oct 30 (Reuters) – Renewable energy shares, reeling from an investor retreat, face extended uncertainty as the U.S. election has added to …
Tentative Green Energy Shoots at Risk From U.S. Vote Uncertainty Read More »
