Sunday, April 27, 2025
U.N. chief urges end to coal financing to spur clean energy shift- oil and gas 360

U.N. chief urges end to coal financing to spur clean energy shift

Reuters LONDON – United Nations Secretary-General Antonio Guterres urged countries on Thursday to stop financing coal and pledge not to build new coal-fired power plants to enable a shift to clean energy. He spoke at a virtual clean energy transition summit of 40 countries representing 80% of energy use and greenhouse gas emissions. They discussed steps to buoy economies, cut

India Prime Minister Narencra Modi-oilandgas 360

India eyes private investment to open 41 new coal mines

CHN Oil & Gas Publishers Note: I applaud Prime Minister Modi for standing up for his commitment to the Indian people. Getting the lowest cost power to help elevate the country’s population out of poverty is truly putting his people first. We talk about this in our interview with fossil fuel expert and humanitarian expert Alex Epstein. Prime Minister Modi says

A Utility In The Middle Of Coal Country Opts For Renewable Energy

CleanTechnica Indiana is coal country. According to the Energy Information Agency, in 2018, 70% of the electricity in the state came from coal-fired generating stations. Vectren is the largest utility company in the southern part of the state, which snuggles up to other states like Kentucky and Ohio where coal has been king for nearly a century. Given that background,

Weekly Gas Storage: Inventories increase by 76 Bcf- oil and gas 360

EIA expects 2020 summer U.S. electricity demand to be lowest since 2009

EIA The U.S. Energy Information Administration (EIA) expects U.S. electricity demand to total 998 billion kilowatthours this summer (June through August), the lowest level of summer electricity consumption in the United States since 2009 and 5% less than last summer. EIA expects electricity consumption to be lower this year largely as a result of efforts to reduce the spread of

Helping China cut carbon emissions isn’t a financial game every business can play- oil and gas 360

Helping China cut carbon emissions isn’t a financial game every business can play

CNBC BEIJING — China has a lot more to worry about at home than its foreign policy. Some energy-related companies in the country have found themselves caught in a business cycle that shows how difficult it can be for stimulus to help the economy in the form of bank loans. The world’s second-largest economy contracted 6.8% in the first quarter at the height of

Peabody Energy - Jobs Reduction - oilandgas360

Peabody to cut staff at NSW’s Metropolitan coal mine -a symptom of larger problems

Argus Oil & Gas Publishers Note: These layoffs and the weaker demand in the coking coal are just another example of the world wide slowdown. Coking coal is used in steal production. The domino effect of the world Covid-19 pandemic lock down on all consumer markets is only beginning. Shutting down steal production in Australia is only a symptom of