Denmark received no bids in its largest-ever wind power tender, a major blow to European efforts to boost renewable energy and slash fossil-fuel demand. Denmark, the birthplace of offshore wind, is seeking to triple its capacity by the end of the decade. It already boasts the world’s largest share of wind in its power grid....
For some farmers in England, it makes more sense not to farm. By parking up their tractors and turning their land over to nature, some English landowners are now able to make more money than if they sowed their fields with crops or put cattle out to graze. “The business case for small-scale farming is...
U.S. LNG exports to Europe surged in November as the world’s largest producer of the superchilled gas sent more cargoes to the continent and fewer to Asia and Latin America, according to preliminary data from financial firm LSEG. European natural gas prices climbed in November to their highest levels in two years on fears remaining...
China on Tuesday banned exports to the United States of the critical minerals gallium, germanium and antimony that have widespread military applications, escalating trade tensions the day after Washington’s latest crackdown on China’s chip sector. The curbs strengthen enforcement of existing limits on critical minerals exports that Beijing began rolling out last year, but apply only to the U.S....
Donald Trump has yet to enter the Oval Office for his second term officially, but his threat of tariffs is already raising concerns about the economic harm it could impose. If enacted, Trump’s trade agenda will counter his promises of American energy dominance and lower energy bills for American families and businesses.
China’s crude oil imports are on track to peak as soon as next year as transport fuel demand begins to decline for the world’s top crude buyer, ending the country’s decades-long run as the dominant driver of expanding oil consumption. The speed of its transition to electric mobility has stunned oil producers and investors. No...
GE Vernova is aiming to deploy small nuclear reactors across the developed world over the next decade, staking out a leadership position in a budding technology that could play a central role in meeting surging electricity demand and reducing carbon dioxide emissions. The company’s small modular reactor, or SMR, is designed to reduce the cost of building...
Concerns that Europe is facing a natural gas supply crunch this winter are overblown, with the liquefied natural gas (LNG) market already stepping up to avoid any shortfall, albeit at higher prices. European natural gas prices climbed to the highest level in two years last week, with the benchmark front-month contract at the Dutch TTF...
The holiday season is a time for family and friends. It’s also a time of busy travel, as Thanksgiving and Christmas are among the busiest travel days of the year. With that comes grumbling about congested airports and steep ticket prices. In an effort to reduce costs and reduce the environmental impact of air travel,...
Funding for a climate-friendly farming effort led by the U.S. and United Arab Emirates has reached $29.2 billion, the countries announced on Monday at the COP29 climate summit in Baku. The Agriculture Innovation Mission for Climate (AIM for Climate) was launched in 2021. Under the program, governments, companies, and non-government organizations pledge funding for projects...
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