The plans of large fossil fuel producers far exceed the climate goals, says the UN

A maze of crude oil pipes and valves is depicted during a tour of the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, USA June 9, 2016. REUTERS / Richard Carson – S1AETIZMOIAB / File Photo UN report points to large increases in coal, gas, oil production Report results based on analysis … Read more

German SPD chief Scholz is moving closer to succeeding Merkel as chancellor

Party committees vote this weekend to start negotiations Party leaders have agreed on a timetable for negotiations Road maps include major infrastructure investments, no tax increases BERLIN, October 15 (Reuters) – The leader of Germany’s center – left Social Democrats (SPD), Olaf Scholz, took a major step towards succeeding Angela Merkel as chancellor on Friday, … Read more

Hungry for fuel, China looks to the US, Europe looks to aid plans

A coal-fired power plant can be seen in the city of Baotou, in China’s autonomous region of Inner Mongolia, October 31, 2010. REUTERS / David Gray Chinese companies in negotiations with US LNG suppliers – sources Coal prices hit record highs in China due to shortages Poland, Germany are taking steps to support consumers Oil … Read more

EXCLUSIVE China appears to retain LNG in US as energy crisis raises concerns

SINGAPORE/NEW YORK, Oct. 15 (Reuters) – Major Chinese energy companies are in advanced talks with US exporters to secure long-term supplies of liquefied natural gas (LNG) as rising gas prices and domestic power shortages raise concerns about fuel security of expanding the country, several sources said. At least five Chinese companies, including major state Sinopec … Read more

EXCLUSIVE How the illegal copper trade is undermining South Africa

Container ships wait to load and unload goods in port during a 21-day nationwide lockdown to contain the spread of the coronavirus disease (COVID-19) in Cape Town, South Africa, April 17, 2020. REUTERS/Mike Hutchings Oct 15 (Reuters) – South Africa’s economic problems are exacerbated by the theft of massive amounts of copper from state-owned Eskom … Read more

China’s coal prices hit record highs, early winter chilly cold adds to energy problems

Fishermen sail a boat past a power plant of the State Development and Investment Corporation (SDIC) outside Tianjin, China, October 14, 2021. REUTERS/Thomas Peter Chinese coal price reaches record high Power reform comes into effect Cold winds from the north blow through central and eastern China China’s Met Office predicts sharp temperature drops BEIJING, Oct. … Read more

France’s Le Pen says she will shut down wind turbines if elected

French far-right National Rally (Rassemblement National) party leader Marine Le Pen gives a speech in response to the results of the second round of French regional and departmental elections in Nanterre, near Paris, France on June 27, 2021. REUTERS / Sarah Meyssonnier / Filfoto PARIS, October 14 (Reuters) – French far-right presidential candidate Marine Le … Read more

Price squeeze: world economy caught in perfect storm

British chicken king says 20 years of cheap food is over IEA says energy crisis could threaten economic recovery Cold keeps coal prices high in China, power outage continues Biden targets bottlenecks threatening vacation sales LONDON/TOKYO, Oct. 14 (Reuters) – From beef bowls in Tokyo to chicken breast rolls in London, consumers are beginning to … Read more

Macron presents a plan of 30 billion. Euro for innovation and industrial revival

The “France 2030” plan aims to make France a green hydrogen leader The plan envisages smaller nuclear reactors, low emission plan The opposition rejects the announcement as an election campaign PARIS, October 12 (Reuters) – France wants to be a leader in green hydrogen by 2030 and build low-emission plans and small nuclear reactors as … Read more

The rust belt province in China warns of more power shortages in the energy crisis

A chimney in a coal power plant in China Energy is pictured in Shenyang, Liaoning Province, China September 29, 2021. REUTERS / Tingshu Wang BEIJING, October 11 (Reuters) – China’s largest provincial economy in northeastern Russia’s warns of a worsening power shortage on Monday despite the government’s efforts to increase coal supply and control electricity … Read more