Supplement,Oil & Energy

China expects first trade in national emissions scheme in 2020

China expects to make the first trade on the long-awaited national emission trading scheme in 2020, a senior climate official said on Saturday, as part of Beijing’s efforts to fulfill its commitment to reducing greenhouse gas emission, report agencies.China has spent two years on legal and tec...

Supplement,Oil & Energy

Billionaire’s climate-change fight includes Wyoming research

A British billionaire who’s a major contributor to environmental causes, including fighting climate change, will fund carbon-capture research in Wyoming, the top U.S. coal-mining state, report agencies.Wyoming Gov. Mark Gordon and Carbontech Labs announced Thursday they’re providing $1.2...

Supplement,Oil & Energy

Big US pension funds ask electric utilities

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 made executives and directors receptive to the goal.Investors ...

Supplement,Oil & Energy

Belgium to boost wind & gas power as it phases out nuclear

Belgium’s parliament has passed two bills aimed at spurring investment in gas-fired power generation and building 4,000 megawatt of new offshore wind farm capacity by 2030 to replace its aging nuclear power reactors, report agencies.The bills were approved by a wide majority late on Thursday, ...

Oil & Energy

BPC floats tender to import 13.45 lakh tonnes of refined oil

State-owned Bangladesh Petroleum Corporatizon (BPC) has floated tender to import up to 13 lakh 45 thousand tonnes of refined oil products during the time for next July to December. The tender submission last date is May 16, official said. According to BPC official, the oil products include 940,...

Oil & Energy

Drop in hydropower weighs on French RE output in Q1

A sharp fall in output from French hydropower plants weighed on total renewable power generation in the first quarter of the year despite record electricity production from solar panels across France, the energy ministry said on Friday, report agencies. French hydropower generation fell nearly ...

Oil & Energy

Third-biggest US Coal Company files for bankruptcy

The nation's third-largest coal company by production volume filed for bankruptcy Friday as utility companies increasingly turn to gas-fired generation and renewable energy for electricity, report agencies. Gillette-based Cloud Peak Energy filed for Chapter 11 reorganization in U.S. Bankrup...

Oil & Energy

RE revolution: Danish isle eyes fossil fuel-free future

Approaching the tiny Danish island of Samso by sea, the first thing visitors notice are the wind turbines, some rising out of the choppy waters, others towering over lush green fields.The 21 turbines have brought Samso international environmental acclaim - not only do they cover all local electricit...

Supplement,Oil & Energy

Regulators approve $300 million in nuke plant subsidies in New Jersey

New Jersey regulators voted Thursday to approve $300 million in customer-funded subsidies for the state's nuclear industry despite finding the plants are financially viable, report agencies. The decision means that all residential utility customers in the state will see their bills go up by...

Supplement,Oil & Energy

China to promote using wind energy to power heating systems

China on Friday said it would promote using energy generated by the wind to help power heating systems during the bitterly cold winters seen in many parts of the country, report agencies. That comes as the world's No.2 economy pushes to reduce carbon emissions from coal-burning as part of i...

Supplement,Oil & Energy

Resumption of US coal sales by Donald Trump needs review: Judge

A federal judge on Friday ruled that the Trump administration failed to consider potential damage to the environment from its decision to resume coal sales from U.S. lands, but the court stopped short of halting future sales, report agencies. U.S. District Judge Brian Morris in Montana said Int...

Supplement,Oil & Energy

Costa Rica bets on ending fossil fuel use by 2050

Eric Orlich and his wife Gioconda Rojas own two electric vehicles, which they charge at home in the garage thanks to solar panels on their roof.That could soon become the norm in Costa Rica, where the government launched a decarbonization plan in February to rid the country of fossil fuels by 2050.&...

Supplement,Oil & Energy

China approves 1.67 GW of new subsidised rural solar power

China has approved the construction of 3,961 village solar power plants with a total capacity of 1.67 gigawatts (GW), part of a programme aimed at alleviating rural poverty and promoting clean energy, the energy regulator said on Friday, report agencies. The National Energy Administration said ...

Supplement,Oil & Energy

Russia: US brazenly meddling in Nord Stream 2 gas pipeline project

Foreign Minister Sergei Lavrov accused the United States on Friday of brazenly meddling in Russia's Nord Stream 2 gas pipeline project, report agencies.  The Nord Stream 2 project, which aims to pump Russian gas to Germany via a pipeline under the Baltic Sea, is led by Russian state energy ...