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May 18, 2022
Energy
Marine biofuel pioneer expands in Asia
SINGAPORE: GoodFuels, a biofuels pioneer for the transport industry, has signed a partnership agreement with ITOCHU Corporation, one of Japan’s largest general trading companies, to scale sustainable marine biofuel in Singapore, Japan, and Asia-Pacific. The…
April 08, 2022
Energy
European Union forms energy purchasing collective
BRUSSELS: To avoid relying on Russia for its future energy needs, the European Commission (EC) and EU Member States have set up an ‘EU Platform’ for the purchase of gas, LNG and hydrogen. The Commission says it will operate the platform to cover all aspects…
March 30, 2022
Energy
JPMorgan Chase tops fossil fuel financing
SAN FRANCISCO: Since the Paris Agreement in 2015, the world’s 60 largest private sector banks have provided US$4.6 trillion to the fossil fuel industry, including US$742 billion last year. The 13 annual Banking on Climate Chaos report, produced by Rainforest…
March 28, 2022
Energy
TotalEnergies supplies SAF for A380 test flight
TOULOUSE: The first flight of an Airbus A380 test bed has completed a three-hour flight from Toulouse with one Rolls Royce Trent 900 engine powered entirely by Sustainable Aviation Fuel (SAF). Total Energies supplied the aerospace manufacturer with 27 tonnes…
March 21, 2022
Energy
Sustainable biofuels key to US energy independence
ENGLEWOOD, CO: Heather Manuel is vice president Investor Relations for gevo, a US renewable fuels supplier, and Communications chair of the Advanced Biofuel Association. She says there’s a natural solution to avoiding Russia’s oil: “ Anytime gas prices rise…
March 08, 2022
Energy
Call for Europe to follow US ban on Russian oil
BRUSSELS: Europe’s dependence on Russia oil and gas exports is giving Putin US$285 million a day to pay for his genocidal war in Ukraine, according to new analysis by non-profit advocate Transport & Environment (T&E). As US president Joe Biden today announced…
March 03, 2022
Energy
Call to ban Russian oil and gas imports
BRUSSELS: European NGOs are calling on the EU to stop financing Vladimir Putin’s war on Ukraine by banning all oil and gas imports from Russia. Russia exported US$104 billion in oil and US$43.4 billion worth of gas to Europe and the UK last year. The…
March 02, 2022
Energy
Western banks face billions loss in Russian oil and gas investments
NIJMEGEN, The Netherlands: Ryan Brightwell is the Communications & Research, Campaign Lead Banks and Human Rights director for The Netherlands-based NGO BankTrack. He suggests JPMorgan, Citi, UniCredit and Deutsche Bank should follow the Shell and bp lead to…
February 16, 2022
Energy
Banks and private equity still funding fossil fuels
LONDON: A report by NGO ShareAction says 25 European banks, all committed to net-zero goals, provided companies with US$55 billion last year to expand oil and gas production. Since 2016 the banks have provided over US$400 billion to the oil & gas sector lead…
February 01, 2022
Energy
Aviation group declares support for sustainable fuel plan
BRUSSELS: Air France-KLM, easyJet, Ryanair and Deutsche Post DHL have announced their support for the European Commission’s ReFuelEU plan to encourage greater use of Sustainable Aviation Fuel (SAF). The proposal would ensure the share of SAF used in the bloc…
January 31, 2022
Energy
French and Italians cement energy sequestration plan
ROME/PARIS: Cement manufacturer Holcim has partnered with Italian energy major Eni to capture and sequester carbon in olivine, a primary component of the Earth's upper mantle. About 50 percent of the mineral for industrial use is produced in Norway in an area…
January 11, 2022
Energy
Record coal power generation forecast in 2022
PARIS/NEW YORK: The International Energy Agency (IEA) says the overall demand for coal from the power generation, cement and steel sectors will reach a record high in 2022 after increasing six percent in 2021. The IEA’s latest annual market report says…