Tag: UTIL
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China leans on coal amid energy security
State planner says to increase coal production Sees coal ‘supporting’ renewable energy expansion Calls for controls on replacing coal with gas Indicates that higher gas prices are coming for urban users BEIJING, March 5 (Reuters) – China’s state planner on Sunday underscored a greater role for coal in its power supply, saying the fossil fuel […]
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Adani Shares Surge After $1.87 Billion GQG Investment; more roadshows are planned
SYDNEY/BENGALURU, March 3 (Reuters) – Adani shares rose Friday after a $1.87 billion investment in the group by GQG Partners Inc allayed concerns about the group’s ability to raise funding as the conglomerate plans more roadshows organized to boost investor confidence . The stock purchases by the US investment firm were the first major investment […]
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Mexican president gives green light for Tesla plant in northern Mexico
MEXICO CITY, Feb. 28 (Reuters) – Electric vehicle manufacturer Tesla Inc. (TSLA.O) will build a new plant in the northern Mexican city of Monterrey, President Andres Manuel Lopez Obrador said Tuesday, allaying concerns his administration could block the deal over water shortages. The news gives a boost to Mexico, which is working to establish itself […]
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EU carbon reaches €100, pushing the cost of pollution to a record high
The EU achieved reforms at the end of last year The April deadline for submitting permits drove buying Shift from Russian gas to coal added to demand LONDON, Feb. 21 (Reuters) – The price of permits in the European Union’s carbon market hit 100 euros ($106.57) per tonne for the first time on Tuesday, a […]
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Tesla opens US charging network to rivals in $7.5 billion federal program
SAN FRANCISCO, Feb. 15 (Reuters) – Tesla Inc (TSLA.O) will open part of its US charging network to electric vehicles (EVs) made by rivals as part of a $7.5 billion federal program to increase the use of EVs expand and reduce carbon emissions. The move could help make Tesla the universal “gas station” of the […]