By Aaron Foyer History of Sovereign Wealth Funds Sovereign wealth funds (SWFs) have a long history, but their modern incarnation emerged in the mid-20th century. The first sovereign wealth fund can be traced back to the Kuwait Investment Authority (KIA), established in 1953. The KIA was created to manage Kuwait’s surplus oil revenues and invest …
The Rise of Sovereign Wealth Funds – ENERGYminute Read More »
June 30, 2023 U.S. natural gas futures climbed about 2% on Friday as the daily amount of gas flowing to liquefied natural gas (LNG) export plants increases, rising prices in Europe, and on forecasts for hotter-than-normal U.S. weather to continue through mid-July, especially in Texas. In Texas, power use remained high after setting a record …
U.S. natgas prices up 2% on rising LNG feedgas, lingering hot weather Read More »
California regulators approved $8.9 billion of energy-conservation programs as part of the state’s effort to reduce greenhouse gas emissions and combat global climate change. The California Public Utilities Commission on Thursday authorized $4.3 billion of utility energy-efficiency initiatives for 2024 to 2027, and forecast an additional $4.6 billion for 2028 to 2031, according to a …
California Approves $8.9 Billion in Energy-Conservation Programs Read More »
(Reuters) – Oil prices declined towards $74 a barrel on Friday and were on course for a fourth consecutive quarter of losses amid concerns over sluggish global economic activity and fuel demand. Benchmark Brent crude futures for September delivery were down 5 cents, or 0.1%, at $74.46 a barrel by 1120 GMT after earlier rising …
Answers to: “Do you believe in climate change?” “Are you a climate denier?” “Will you listen to the scientists on climate change?” And more! By Alex Epstein As the Presidential race heats up, we’ll see candidates asked many “loaded questions” about climate—questions based on dubious assumptions that serve the questioner’s agenda. Here are answers to …
Commentary: How to answer loaded climate questions – Alex Epstein Read More »
Scores of nations have pledged to slash their methane emissions, recognizing that the gas is a powerful climate pollutant and stifling it is one of the best and fastest ways to slow global warming. But when it comes to financing that work, the world isn’t stepping up. The reasons why range from the simple (countries actually need to seek …
Funding to Cut Methane Emissions ‘Woefully’ Short of What’s Needed Read More »
Summary Rate hike expectations boost fears of slow economic growth Weak economic data in China weighs on sentiment LONDON, June 29 (Reuters) – Oil prices steadied on Thursday, a day after rising sharply on a bigger-than-expected fall in U.S. inventories, as attention shifted back to rising interest rates denting global economic growth. Brent crude futures …
Oil Steadies After Spiking on U.S. Inventory Fall Read More »
Achieving net-zero emissions is a critical goal in the fight against climate change. It refers to the balance between the amount of greenhouse gases (GHG) emitted into the atmosphere and the amount removed. To reach net-zero, a comprehensive set of energy transition actions is required: Across most sectors of the economy. By almost all nations …
LONDON, June 26 (Reuters) – Problems in Siemens Energy’s (ENR1n.DE) wind turbine division that could cost more than a billion euros ($1.09 billion) to fix have shaken investor confidence in the wider industry and last week prompted a sell-off in wind companies’ shares. Over the last two decades, the industry has grown fast, lowered technology …
Explainer: Why the Wind Power Industry Has Hit Turbulence Read More »
Summary Oil price structure implies demand bulls are retreating 2-mth Brent spread in contango, implying oversupply concern ECB poised for further rate hikes LONDON, June 27 (Reuters) – Oil prices slipped on Tuesday ahead of data shedding light on U.S. appetite for fuel during the summer driving season, with the Brent benchmark’s price structure indicating …
