The West’s push to build a home-grown magnets supply chain to reduce its reliance on China – led by massive U.S. backing for Nevada-based MP Materials – is running into a critical problem: the scarcity of so-called heavy rare earth elements. The United States and allies have been scrambling to create an alternative supply chain...
Australia’s remote Indian Ocean outpost of Christmas Island has enough power to support a new Google data centre without depriving locals, but its arrival could spur a push to renewable energy, the island’s biggest employer and the tech giant said. Alphabet’s Google announced on Monday it will build a data hub on the tiny island...
The European Parliament has voted to dramatically wind back the bloc’s ESG rules following intense pressure from US business associations and state attorneys general. The development means that more than 90% of companies originally in scope of environmental, social and governance reporting requirements will no longer need to comply. Other planks of the rulebook that emerged...
President Trump secured a one-year reprieve from Beijing’s threat to shut down global rare-earths exports, which would have interrupted manufacturing of semiconductor chips and magnets essential in military and technology applications. The President quipped that “there’s no roadblock at all” and rare earths “will hopefully disappear from our vocabulary for a little while.” But the President’s brinkmanship...
Next week, world leaders will gather for the COP30 climate summit, meeting in Brazil in an event where the U.S. and its top representatives will be conspicuously absent. Here’s what you should know about that meeting: What is a COP? COP, which stands for Conference of the Parties, is a meeting of world leaders to...
In the heart of the Amazon rainforest, workers are preparing to dig a vertical shaft as wide as a subway tunnel half a mile down into the ground. It isn’t gold or oil hidden here in a grassy clearing between indigenous lands, but fertilizer—something arguably just as precious to this vast farming nation. As global...
The United States is eager to advance energy ties with Greece and see the country become a key energy gateway to Europe, the new U.S. ambassador to the country, Kimberly Guilfoyle, said on Wednesday. Greece has ramped up purchases of U.S. liquefied natural gas and built a second LNG terminal as it seeks to establish...
President Trump said he and Chinese President Xi Jinping agreed on a wide range of subjects during their much-anticipated meeting Thursday, including the key issues of tariffs and access to rare earth materials. It was their first face-to-face meeting in six years, going back to Trump’s first term. Their relationship has been rocky at times as they’ve been...
The trade war between the U.S. and China is turning into an MMA-style cage match. President Donald Trumpjust announced 100% tariffs on Chinese-made goods, while President Xi Jinping has slapped a near 100% ban on critical minerals from China into the U.S. Xi’s move makes the heart of the conflict clear: The ultimate winner will be the country that dominates critical minerals mining supply chains and the innovative energy that critical minerals make possible.
Governments are falling far short of the promises they made to cut planet-warming pollution under the Paris climate agreement 10 years ago, the United Nations said in a report Tuesday. Only a minority of countries have so far updated their commitments to tackling what the countries signing the pact called in 2015 “the urgent threat of climate change.”...
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