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Honda-GM Ditch $5B Plan To Jointly Develop Affordable EVs
As GM redirects its focus toward making a profit amid grim earnings outlooks, strikes and rising costs, the U.S. auto giant has announced it is ditching a $5-billion plan to develop affordable EVs in partnership with Honda.
read more... 26/10/2023
EU executive proposes methane emissions limit on gas imports
The European Commission has proposed imposing methane emissions limits on EU gas imports from 2030, a move that would pressure the bloc's international fossil fuel suppliers including the U.S. to cut leaks of the potent planet-warming gas.
read more... 26/10/2023
Daily (25.10.2023): Oil prices continued to decline by over 2% on Tuesday, as weak European data weighs
Crude oil prices extended losses yesterday as worries about a potential economic slowdown in the Eurozone intensified, driven by an unanticipated decrease indicated by the October PMI data. Nonetheless, Middle East tensions restrained the decline. As a result, Brent crude declined by about 2% to end at $88.07 a barrel. Meanwhile, U.S. WTI crude traded 3.4% lower at $83.74 a barrel.
read more... 25/10/2023
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EU launches Wind Power Action Plan
The European Commission is today presenting a European Wind Power Action Plan to ensure that the clean energy transition goes hand-in-hand with industrial competitiveness.
read more... 25/10/2023
EU on track to quit Russian fossil fuels
The European Union is on track towards its goal of ending Europe's reliance on Russian fossil fuels within this decade, the European Commission said on Tuesday.
read more... 25/10/2023