MILAN/FRANKFURT (Reuters) – When COVID-19 plunged Italy into lockdown, it was decision time at the Verampio power station. The control room, which runs a fleet of hydroelectric plants across the Piedmont region, hard hit by the pandemic, had to be secured to k... More »
TOKYO (Reuters) – Japan’s environment ministry warned on Tuesday that the electricity industry, which accounts for 40% of its carbon emissions, will miss its target for cutting carbon dioxide (CO2) by 2030, calling for it to take further measures. The warning ... More »
FRANKFURT (Reuters) – The number of publicly accessible charging points for electric vehicles (EV) jumped 60% in 2019, the biggest increase in three years and outpacing sales of battery-powered cars, according to the International Energy Agency (IEA). In its a... More »
WASHINGTON (Reuters) – Joe Biden’s campaign said on Monday that if elected president, the presumptive Democratic nominee would rescind the permit for Keystone XL pipeline, which effectively would doom the long-troubled project. In doing so, Biden would reverse... More »
WASHINGTON (Reuters) – A federal judge in Montana on Monday upheld his ruling last month that canceled an environmental permit for the long-delayed Keystone XL oil pipeline and threatened other oil and natural gas pipeline projects with delays. Chief U.S. Dist... More »
LONDON (Reuters) – Hydrogen has long been touted as a clean alternative to fossil fuels. Now, as major economies prepare green investments to kickstart growth, advocates spy a golden chance to drag the niche energy into the mainstream of a post-pandemic world.... More »
BERN (Reuters) – Environmental activists delivered a petition to a special session of the Swiss parliament on Monday demanding that a government aid package should promote a “green recovery” from the coronavirus crisis. With some lawmakers wearing protective f... More »
ROME (Reuters) – Chinese telecoms firm Huawei should be allowed a role in Italy’s future 5G network, the Italian industry minister said on Sunday after an influential parliamentary committee called on Rome to block the company. The United States has lobbied It... More »
ALEXANDRIA, Va. (Reuters) – Democratic presidential candidate Michael Bloomberg on Friday unveiled a climate plan to slash U.S. carbon emissions by 50% in ten years, by slapping tougher pollution standards on new gas-fired power plants and replacing coal with ... More »
BRUSSELS (Reuters) – European Union leaders are meeting in Brussels on Thursday and Friday for talk on climate, the EU’s long-term budget, Brexit, the euro zone and Russia sanctions, among others. Here are comments made by them on Thursday ahead of the summit.... More »
AZROU, Morocco (Reuters) – Mohammed Akki left his home in Morocco’s Middle Atlas mountains to seek regular work and a better life in the town of Azrou, but he still lives on the margins in a country enjoying an investment boom. Every morning, Akki walks miles ... More »
SOCHI, Russia (Reuters) – Russian President Vladimir Putin and his Chinese counterpart Xi Jinping on Monday oversaw the launch of a landmark pipeline that will transport natural gas from Siberia to northeast China, an economic and political boost to ties betwe... More »
JAKARTA (Reuters) – A former chief executive of Indonesian state electricity utility Perusahaan Listrik Negara (PLN) [PLNEG.UL] has been cleared in a graft case related to a power plant project, a judge at the country’s corruption court said on Monday. Prosecu... More »
PIXLEY, Calif. (Reuters) – Joey Airoso has always been proud of his cows, whose milk goes into the butter sold by national dairy company Land O’Lakes. Now he has something new to brag about: the vast amounts of gas produced by his 2,900-head herd is powering t... More »
LOS ANGELES (Reuters) – Firefighters have tightened their grip on a deadly Los Angeles wildfire burning with subdued fury on Sunday after extremely dry desert winds that had stoked the flames gave way to moister, gentler breezes blowing in from the Pacific. Th... More »
STOCKHOLM (Reuters) – Swedish power group Vattenfall has won an order from Norway’s biggest dairy group Tine SA to run 200 charging stations for employees’ and customers’ electric vehicles. The state-owned utility said on Sunday the order, which includes payme... More »
TOKYO (Reuters) – (This August 29 story has been corrected to say China National Offshore Oil Corp, not CNOOC Ltd, in paragraph three.) Japan imported its first cargo of liquefied natural gas (LNG) from China in July as utilities from the world’s biggest buyer... More »
BIARRITZ, France (Reuters) – The leaders of the group of seven nations are close to agreeing a deal to provide $20 million in emergency help to stop the Amazon forest fires, a French presidential source said. “The reality is that for the emergency aid they esp... More »
SHANGHAI (Reuters) – Chinese financial institutions provided at least $1 billion in “green” financing to coal-related projects in the first half of this year, a review of financial data showed, with fossil fuels still playing a major role in Beijing’s energy s... More »
SINGAPORE (Reuters) – Royal Dutch Shell is launching electric vehicle chargers at petrol stations in Singapore, its first such foray in Southeast Asia, the company said on Monday. The electric vehicle charging service, ‘Shell Recharge’, will be available at 10... More »
WASHINGTON (Reuters) – The Trump administration on Friday unveiled a proposal that would curb state powers to block pipelines and other energy projects, part of the Trump administration’s effort to boost domestic oil, gas and coal development. The U.S. Environ... More »
MUMBAI/NEW DELHI (Reuters) – India proposed tax waivers on Friday on the purchase of electric vehicles and removed import taxes on some auto components to help boost sales and reduce its dependence on fossil fuels. India, the world’s third-biggest emitter of g... More »
KABUL (Reuters) – Afghan security forces on Monday were battling Taliban gunmen who stormed a building in the capital, Kabul, after a bomb-laden truck exploded near the defense ministry at rush hour, injuring at least 100 people, including 35 children, officia... More »
SINGAPORE (Reuters) – Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020, consultancy Rystad Energy said on Monday. Total capital expenditure in renewables will rise above $30 billion in the region ... More »
(Reuters) – A committee in Ohio’s House of Representatives voted along party lines to approve a bill to save the state’s two nuclear power reactors from retirement and provide some financial support for a couple of ailing coal plants. Republicans in the House ... More »
HAVANA (Reuters) – The Cuban government has ordered its state-run power system to further reduce electricity generation in the latest sign that a cash crunch exacerbated by new U.S. sanctions is taking an economic and human toll, a newspaper reported on Sunday... More »
CARACAS (Reuters) – After weeks of power cuts and limited access to water, tens of thousands of Venezuelans took to the streets on Saturday to back opposition leader Juan Guaido and protest against President Nicolas Maduro, who they accuse of wrecking the econ... More »
BOSTON (Reuters) – Top U.S. pension funds are asking electric utilities to accelerate efforts to cut carbon emissions but will not force the issue with proxy resolutions this spring, hoping market shifts and falling prices for renewable energy have already mad... More »
WASHINGTON (Reuters) – Republican and Democratic U.S. senators on Thursday unveiled a resolution calling for the cancellation of Russia’s Nord Stream 2 natural gas pipeline, a link under the Baltic Sea from Russia to Germany. Leaders of the Senate Foreign Rela... More »
WASHINGTON (Reuters) – Democrats on Thursday laid out a “Green New Deal” that would eliminate U.S. greenhouse gas emissions within a decade, an effort to make climate change a central issue in the 2020 presidential race. The document, unveiled by rising politi... More »
BERLIN (Reuters) – Germany’s Economy Minister Peter Altmaier on Monday said that he did not want Germany to compensate for a planned phase out of coal-fired power by 2038 by importing nuclear power from neighboring countries. “We want energy security to be pro... More »
BEIJING (Reuters) – China’s State Grid Corp [STGRD.UL] will invest 38.7 billion yuan ($5.66 billion) to build five pumped hydro storage plants across the country, in an effort to ease the stranded power system amid Beijing’s push to boost clean energy consumpt... More »
NEW YORK (Reuters) – Investors pulled $98 billion from U.S.-based stock funds in December, a calendar-month record that emphasizes the diminishing goodwill in financial markets, preliminary Lipper estimates showed on Thursday. Fund investors trimmed their risk... More »
FRANKFURT (Reuters) – German utility Innogy is putting its business serving the electric car industry into a standalone company, separate from its main business as an energy supplier. “This pooling of our eMobility business is our response to the current chall... More »
CAIRO (Reuters) – U.S. Secretary of State Mike Pompeo assured Iraqi Prime Minister Adel Abdul Mahdi that the U.S. is still committed to fighting Islamic State in Iraq and other areas despite its planned troop withdrawal from Syria, Abdul Mahdi’s office said on... More »
WARSAW (Reuters) – Polish and Lithuanian power grid operators said on Friday they had agreed to build a high voltage direct current (HVDC) underwater cable by 2025 as part of a plan to connect the electricity grids of the Baltic states with those of the Europe... More »
FRANKFURT (Reuters) – Plans to break up German utility Innogy IGY.L led its finance chief to rush back to work just two months after he had been in intensive care following a disfiguring acid attack. In his first public comments since the incident, Bernhard Gu... More »
WASHINGTON (Reuters) – Environmental Protection Agency chief Scott Pruitt, who had been lauded by President Donald Trump for his aggressive efforts to roll back environmental regulations, resigned on Thursday under heavy fire for a series of ethics-related con... More »
BOSTON (Reuters) – Activist hedge fund manager Keith Meister and billionaire investor Carl Icahn said they may try to buy oil and gas producer Energen Corp (EGN.N), according to a regulatory filing made on Monday. Icahn, 82, reunited with Meister, his 45-year ... More »
PARIS (Reuters) – French state-owned power group EDF said some padlocks had been stolen from its Flamanville nuclear power site, although EDF said there was no impact on the plant’s safety. EDF added in a statement on Monday that local police in Cherbourg, nor... More »
SYDNEY (Reuters) – Australia’s largest-listed wealth manager AMP announced the resignations of its chairwoman and legal counsel on Monday, and slashed its directors’ fees by a quarter as it races to stem the fallout from damaging revelations of misconduct at t... More »
NEW YORK (Reuters) – Investors stormed back into the market for the riskiest corporate debt during the latest week, Lipper data showed on Thursday, pumping the most cash into U.S.-based, high-yield bond funds in over 16 months. The resurgence in demand for hig... More »
NANTES, France (Reuters) – Researchers have unveiled what they billed as the world’s first 3D-printed house to serve as a home in the French city of Nantes, with the first tenants due to move in by June. Academics at the University of Nantes who led the projec... More »
(Reuters) – Apple Inc (AAPL.O) on Monday said it had achieved its goal of powering all of the company’s facilities with renewable energy, a milestone that includes all of its data centers, offices and retail stores in 43 countries. The iPhone maker also said n... More »
NEW YORK (Reuters) – U.S. fund investors drained the most cash from the stock market since early February’s market meltdown, dodging declines while making a tactical bet on fallen technology companies, Lipper data released on Thursday showed. More than $14 bil... More »
FRANKFURT (Reuters) – Utilities can increase their efficiency by using more artificial intelligence (AI) technology, such as software to predict demand swings in the power grid or to control home appliances, consultancy Roland Berger said. European utilities c... More »
FILE PHOTO: Eni’s logo is seen in front of its headquarters in San Donato Milanese, near Milan, Italy, April 27, 2016. REUTERS/Stefano Rellandini/File Photo MILAN (Reuters) – Italian energy company Eni will conduct research with the Massachusetts Institute of ... More »
NEW YORK (Reuters) – U.S. fund investors pulled $9.8 billion from stocks during the latest week, Lipper data showed on Thursday, halting the investments’ budding momentum after February’s selloff. The withdrawals, recorded during the seven days through March 7... More »
FILE PHOTO: Steel pipes for sale are displayed at a shop in the Mullae-dong steel product district in Seoul July 13, 2010. REUTERS/Jo Yong-Hak/File Photo HOUSTON/WASHINGTON (Reuters) – The U.S. oil and gas industry on Thursday slammed President Donald Trump’s ... More »
FILE PHOTO – A Russian flag and a 3D model of the Facebook logo is seen through a cutout of the Twitter logo in this photo illustration taken in Zenica, Bosnia and Herzegovina, May 22, 2015. REUTERS/Dado Ruvic WASHINGTON (Reuters) – Russian operatives attempti... More »
Commuters disembark from a suburban train at a railway station in Mumbai, India, February 1, 2018. REUTERS/Shailesh Andrade NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi’s plan to provide health insurance for about half the country’s population wou... More »
MELBOURNE (Reuters) – More than 10,000 homes in Australia’s second most populous state were stuck without power on Monday as a surge in demand amid scorching heat overloaded the grid, in the latest blow to the nation’s stretched power sector. The outages on di... More »
FILE PHOTO: A loader is seen amid coal piles at a port in Lianyungang, Jiangsu province, China January 25, 2018. REUTERS/Stringer BEIJING (Reuters) – Four of China’s top utilities have told the government some regions will face heating and electricity shortage... More »
People take pictures of a high-efficiency petrol-burning concept car as it is unveiled by Royal Dutch Shell during a ceremony in Beijing, China April 22, 2016. REUTERS/Damir Sagolj LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has spent over $400 million on a ... More »
NEW YORK (Reuters) – U.S. fund investors pulled $3.1 billion from high-yield “junk” bonds during the latest week, Lipper data showed on Thursday, offering new warning signs about risk appetite despite global markets’ continuing triumph. The junk bond withdrawa... More »
Mars fission power system concept in the Kilopower project is shown in this undated NASA handout photo released on January 9, 2018. Courtesy NASA/Handout via REUTERS WASHINGTON (Reuters) – Initial tests in Nevada on a compact nuclear power system designed to s... More »
An Electrify SG engineer shows a PowerPod that will be installed to record data of photovoltaic solar panels on a rooftop in Singapore. REUTERS/Edgar Su SINGAPORE (Reuters) – Energy startups have been using blockchain to power electricity sharing in microgrid ... More »
Abidali Neemuchwala, Wipro’s chief executive, addresses the media during a briefing to announce the company’s quarterly results at its headquarters in Bengaluru, India, April 20, 2016. REUTERS/Abishek Chinnappa (Reuters) – Wipro Ltd (WIPR.NS), India’s No.3 sof... More »
An old windmill stands in front of wind turbines in a paddock near the Hornsdale Power Reserve, featuring the world’s largest lithium ion battery made by Tesla, located on the outskirts of the South Australian town of Jamestown, in Australia, December 1, 2017.... More »
Reluctant investors warmed to stocks in October, stockpiling $19.3 billion in U.S.-based equity funds, marking the first month of positive inflows for the funds since May, when they took in $31.8 billion, Lipper data showed on Thursday. More »
A U.S. congressional committee on Thursday set a Nov. 2 deadline for the Puerto Rico Electric Power Authority (PREPA) to provide information related to its $300 million contract with a small Montana firm to repair damage to the utility's infrastructure caused ... More »
Amazon.com will open an artificial intelligence research center in the German university city of Tuebingen, creating 100 jobs over the next five years. More »
Crammed into tumble-down shacks on a sandspit that the Atlantic Ocean is steadily devouring, the residents of Liberia's most notorious slum have one common desire: an end to their daily struggle with dire poverty. More »
Charles Schumer, the top Democrat in the U.S. Senate, called on President Donald Trump on Sunday to name a single official to oversee and coordinate relief efforts in hurricane-ravaged Puerto Rico. More »
At a community center in Orocovis, an isolated agricultural town of 23,000 in the mountains of central Puerto Rico, six oxygen-dependent patients drew breath with the help of the diesel generator powering their equipment. More »
President Donald Trump on Thursday named Andrew Wheeler, a coal industry lobbyist and former congressional staffer, as his pick for deputy administrator of the U.S. Environmental Protection Agency, prompting contrasting reactions from industry and environmenta... More »
The Trump administration's highly anticipated tax plan spurred modest flows into funds that profit from higher interest rates and inflation, Lipper data showed on Thursday, but that resurgent "Trump trade" did not boost stocks. More »
Puerto Ricans still living largely in darkness 12 days after Hurricane Maria leveled their island reveled in small victories on Sunday in what promises to be a months-long slog back to some semblance of normal life. More »
One year after the state of South Australia suffered a major blackout, the clock has started ticking for Tesla Inc to finish building the world's biggest battery to help keep the lights on in Australia's most wind-dependent state. More »
U.S. fund investors gorged on gold and traded stocks for cash during the latest week, showing caution even as markets trend higher, Lipper data showed on Thursday. More »
U.S. fund investors sought shelter during the latest week, pouring more than double the amount from the previous week into money markets, and stockpiling the most in "safe haven" Treasuries in more than a year, Lipper data showed on Thursday. More »
Hurricane Irma took aim at heavily populated areas of central Florida on Monday as it carved a path of destruction through the state with high winds and storm surges that left millions without power, ripped roofs off homes and flooded city streets. More »
The cost of electric vehicles (EVs) will fall to match those running on combustion engines by 2022, a key trigger that will mean by 2035 half of all passenger vehicles sold globally will be electric, according to the head of a top energy consultancy. More »
Nearly 9,000 Rohingya Muslims, many sick and fearing for their lives, have fled the worst violence to grip northwest Myanmar in at least five years, while thousands more are stuck at the Bangladesh border or preparing to reach it in coming days. More »
BlackRock Inc's (BLK.N) largest mutual fund hiked its exposure to "select names" in energy as the sector has lagged this year, one of its portfolio managers said on Thursday. More »
India's health ministry has trimmed its cost estimates for extending its main public health program by 25 percent after criticism from a federal think-tank over inefficiency and slow progress, according to government documents seen by Reuters. More »
Investors poured $1.8 billion into U.S.-based taxable bond funds during the latest , marking the fourth straight week of inflows into the funds, Lipper data showed on Thursday. More »
South Australian Premier Jay Weatherill (R) listens to Tesla Chief Executive Officer Elon Musk speak during an official ceremony in Adelaide, Australia, July 7, 2017 to announce that Tesla will install the world’s largest grid-scale battery in the South Austra... More »
China Investment Corp’s (CIC) $13.7 billion acquisition of warehouse firm Logicor tripled the total value of sovereign wealth funds’ (SWFs) M&A deals in the second quarter to $31.7 billion, just shy of a record set in the third quarter of 2016. More »
Department of Homeland Security emblem is pictured at the National Cybersecurity & Communications Integration Center (NCCIC) located just outside Washington in Arlington, Virginia September 24, 2010. REUTERS/Hyungwon Kang/File Photo The U.S government warned i... More »
A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration Investors pulled back from U.S.-based stock funds after pouring the most cash into those investments since February the previous week, Lipper data showed... More »
A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration Investors poured $3 billion into U.S.-based taxable bond funds during the latest week despite incurring some losses, Lipper data showed on Thursday. More »
FILE PHOTO – Bruno Le Maire speaks during an interview February 16, 2017 with Reuters in Paris, France. Bruno Le Maire is named French Finance Minister in Paris, France, May 17, 2017. REUTERS/Benoit Tessier/File Photo New French economy and finance minister Br... More »
FILE PHOTO: U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo Investors stampeded into U.S.-based stock funds that invest in Europe, plowing the second-largest amount on record into those produ... More »
A pumpjack brings oil to the surface in the Monterey Shale, California, in a file photo. REUTERS/Lucy Nicholson The U.S. Senate on Wednesday rejected a resolution to revoke an Obama-era rule to limit methane emissions from oil and gas production on federal lan... More »
A general view shows a power plant under construction on the suburbs of Sevastopol, Crimea, February 9, 2017. Picture taken February 9, 2017. REUTERS/Anton Zverev Russia’s $1.3 billion plan to build two new power plants in Crimea aimed to show that Moscow coul... More »
U.S. President Donald Trump speaks during a signing ceremony with Treasury Secretary Steve Mnuchin at the Treasury Department in Washington, U.S., April 21, 2017. REUTERS/Aaron P. Bernstein U.S. President Donald Trump this week will sign new executive orders b... More »
A Krafla geothermal power plant is seen in Reykjahlid, Iceland, September 19, 2015. REUTERS/Lefteris Karagiannopoulos Scientists will study the possibility of producing geothermal energy from magma for the first time, in a $100 million project in Iceland, whic... More »
Greek Finance Minister Euclid Tsakalotos speaks during a news conference at the Ministry of Finance in Athens, Greece March 30, 2017. REUTERS/Alkis Konstantinidis Euro zone deputy finance ministers have recommended that Greek bailout review talks continue in A... More »
China’s State Power Investment Corp said Westinghouse’s bankruptcy filing would not have a “substantial impact” on the country’s nuclear plans and the two sides would ensure a key AP1000 reactor project would be completed on schedule this year. More »
U.S. President Donald Trump holds up an executive order on ”Energy Independence,” eliminating Obama-era climate change regulations, during a signing ceremony at the Environmental Protection Agency (EPA) headquarters in Washington, U.S., March 28, 2017. REUTERS... More »
FILE PHOTO: Tesla Chief Executive, Elon Musk enters the lobby of Trump Tower in Manhattan, New York, U.S., January 6, 2017. REUTERS/Shannon Stapleton/File Photo Tesla Inc boss Elon Musk on Friday offered to save Australia’s most renewable-energy dependent stat... More »
The Senate confirmed Scott Pruitt to run the Environmental Protection Agency over the objections of Democrats and environmentalists worried he will gut the agency, as the administration readies executive orders to ease regulation on drillers and miners. REUTER... More »
Scott Pruitt, administrator of the Environmental Protection Agency (EPA), speaks to employees of the Agency in Washington, U.S., February 21, 2017. REUTERS/Joshua Roberts U.S. President Donald Trump’s administration will begin rolling back Obama-era environmen... More »
Investors are showing increasing comfort wading into the markets, lavishing cash on U.S.-based stock and corporate bond funds in the latest week, Lipper data showed on Thursday. More »
U.S. President-elect Donald Trump is broadcast on a screen on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 27, 2016. REUTERS/Andrew Kelly Investors boosted their bets on U.S.-based equity funds in the latest week a... More »
The logo of Toshiba Corp. is seen at the company’s facility in Kawasaki, Japan February 13, 2017. REUTERS/Issei Kato Toshiba Corp (6502.T) has unexpectedly delayed the release of its quarterly earnings and details of a multi-billion dollar writedown to its nuc... More »
The logo of Toshiba Corp is seen as Window cleaners work on the company’s headquarters in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai Japan’s Toshiba Corp (6502.T) said it has asked regulators to allow it to delay the release of its earnings, including... More »
The logo of Toshiba Corp. is seen at the company’s facility in Kawasaki, Japan February 13, 2017. Picture taken February 13, 2017. REUTERS/Issei Kato Toshiba Corp (6502.T) has delayed its earnings release, including details of a multi-billion charge related to... More »
