Executive Vice-President for the European Green Pact and Commissioner for Climate Action Frans Timmermans (pictured) stated on Friday that the transition to renewable energy is a matter of survival.
Speaking at the Munich Security Conference, Timmermans also mentioned that, in the case of...
BP Chief Executive Bernard Looney has expressed dissatisfaction with the returns on some of the oil giant's renewables investments, the Wall Street Journal reported Wednesday, citing people familiar with the discussion.
According to information provided to the newspaper, Looney would plan a less...
German Economy Minister Robert Habeck stated on Saturday that Germany aims to be almost free of Russian oil by the end of 2022.
"With each day, indeed each hour, we are saying goodbye to Russian imports," Habeck told Frankfurter Allgemeine Zeitung, adding that if Germany reaches that point,...
High Representative of the European Union Josep Borrell asserted on Monday that Europe would most likely have to pay in one way or another for its dependence on Russian oil and gas.
Asked about the possible effects of the sanctions imposed on Russia, Borrell mentioned that it is in the bloc's...
Oil is set to remain the fuel with the highest share of the global energy mix until 2045 despite a rise in demand for other energy sources, including gas and renewables, OPEC said in its 2021 World Oil Outlook 2045 published on Tuesday.
According to the report, oil demand is set to grow from 90.6...
By 2038, all coal-fired power plants in Germany will be shut down, according to a bill passed on Wednesday by the federal government in Berlin. The bill, authored by Economy Minister Peter Altmaier, will now be sent to the parliament for debate and is expected to become law by mid-2020.
The coal...
Tesla Inc. will announce on Tuesday that prices of solar power systems would be slashed to as much as 38% below the national average, the New York Times reported on Tuesday, citing statements by company executives. Sales of panels and other gear will be standardized and placed online only in an...
The global economy should grow at an average rate of 3.25% per year through 2040 in purchasing power parity terms, according to numbers from BP's outlook. The document released on Thursday adds it would more than double, driven by fast-growing developing countries. The central, evolving...
Khalid al-Falih, Saudi Arabia's minister of energy, industry and mineral resources, is among government officials who have been fading the push by Crown Prince Mohammed bin Salman to transform the economy with his Saudi Vision 2030 strategy, the Wall Street Journal reported on Monday,...
Electrify America Llc, owned by Volkswagen AG, revealed the intention to install Tesla Inc.'s battery solutions at one hundred of its charging units for electric cars. The plan for this year, published on Monday by the operator of a network in the United States, is for 210-kilowatt Tesla Powerpacks with...
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