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Eni strikes deals to reopen Egypt's Damietta LNG plant
Eni said in a statement on Tuesday that the new agreements would pave the way for the liquefied natural gas (LNG) plant in the port city of Damietta to restart operations by the first quarter of next year
read more... 02/12/2020
UK urged to commit to carbon tax
A UK carbon tax is the "best-case scenario" for a carbon pricing regime in the country for next year, given the lack of time remaining in which to implement an EU-linked UK emissions trading system (ETS), environmental think-tank Ember said.
read more... 02/12/2020
RWE, Steag, Uniper, Vattenfall win coal closure deals
German utilities RWE, Steag, Uniper and Swedish utility Vattenfall will close some of their coal-fired plants, with a combined capacity of 4.4GW, after being successful in the first German tender for the closures of such facilities.
read more... 02/12/2020
Daily (01.12.2020): Oil prices pulled back from record gains amid OPEC uncertainty about the extension of output cuts, but notched a 27% gain for November
Crude oil futures retreated from multi-month highs on Monday as OPEC+ postpones output cut decision to Thursday. Hence, Brent crude declined by 1.2% to settle at $47.59 a barrel. Meanwhile, U.S. WTI crude lost 0.4% to close at $45.34 a barrel. For November, both contracts rallied by around 27%, their biggest monthly gains since May on hopes of upcoming vaccines for COVID-19 that would help economic activity and oil demand resume.
read more... 01/12/2020
EU emissions fall to lowest level in three decades as countries ditch coal
The drop was mainly driven by the power sector, where emissions fell by almost 15%, primarily due to coal-fired power production being replaced by electricity from renewables and gas
read more... 01/12/2020