Category: News

September 11 2017

EU Drafts Measures to Brexit-Proof Emissions Market

By Ewa Krukowska The European Union is preparing to make its emissions-trading system, the world’s largest, immune to a potential supply turmoil in the case the U.K. pulls out from the region’s carbon market as part of Brexit. The European Parliament will vote on Wednesday on a proposal that would prevent companies and airlines in […]

September 11 2017

Irma Flags After Pummeling Miami, Sending Damage Forecast Down

By Jonathan Levin, Michael Smith, and Mark Chediak Hurricane Irma converted streets into rivers, hammered Caribbean islands and the Florida Keys with deadly fury, and left at least 4.7 million without power and millions temporarily displaced. But even with flood waters still flowing — and before Tampa’s defenses were tested — some residents in the […]

September 11 2017

U.S. Solar Bracing for First Decline as Rooftop Demand Slumps

The U.S. is poised to experience its first annual decline in solar-panel installations, as a drop in rooftop demand slows growth in the world’s second-biggest market. Developers added a total of almost 2.4 gigawatts in the second quarter, putting the industry on pace to reach 12.4 gigawatts this year, according to a report Monday from […]

September 8 2017

China Deepens Oil Ties With Russia in $9 Billion Rosneft Deal

By Elena Mazneva, Stephen Bierman and Javier Blas A closely-held Chinese oil company agreed to buy a minority stake in Rosneft PJSC for about $9 billion, deepening energy and political ties with Russia amid increasing tensions with the U.S. The deal sees Glencore Plc and Qatar’s sovereign wealth fund selling most of their holding in […]

September 8 2017

BMW Goes Big With Three-Row SUV Monster

BMW AG is unleashing its biggest-ever sport utility vehicle, a brawny three-row luxury cruiser targeted at churning out fat margins to help fund the company’s shift to electric vehicles. Featuring a massive vertical grille in the brand’s trademark kidney shape and glaring narrow headlights, the new X7 will go on sale next year to challenge […]

September 8 2017

Deadly Irma Heads for Miami as Caribbean Islands Are Wrecked

Hurricane Irma remained on a collision course with southern Florida after devastating a chain of Caribbean islands, triggering the largest-ever evacuation in Miami-Dade County and threatening to become the most expensive storm in U.S. history. The hurricane weakened slightly to Category 4 with top winds of 150 miles an hour, the U.S. National Hurricane Center said in […]

September 8 2017

U.S. Ethanol Industry Asks Trump to Intervene in Brazil Dispute

By Mario Parker U.S. ethanol producers will ask the Trump administration to intervene in a trade dispute with Brazil as tensions between the industry and foreign competitors continue to escalate. The Renewable Fuels Association, Growth Energy and the U.S. Grains Council — all Washington-based lobbying organizations — said in a statement Thursday that the government […]

September 8 2017

Cities Threaten Japanese Utilities as Local Retailing Spreads

The latest threat to Japan’s biggest utilities is growing in rural communities like Miyama, a town on the southern island of Kyushu with a population of about 38,000. It may spread to the big cities next. Tired of its citizens forking over hard-earned yen to regional utilities and keen to promote renewable energy, Miyama became one […]

September 7 2017

How a Bird Charity’s Battle Against a Wind Farm Backfired

The lengthy court case pitting a U.K. bird charity against an offshore wind developer has had the unintended consequence of lifting asset values at the Irish company behind the project. The value of subsidies won by Mainstream Renewable Power Ltd. in 2014 to build the 2 billion pound ($2.6 billion) Neart na Gaoithe offshore wind […]

September 7 2017

New Supercomputers Will Give India’s Monsoon Forecasters a Big Boost

India’s ability to predict the sort of devastating deluge that struck Mumbai last week is set to get a major boost next year. The heaviest rainfall since 2005 killed a dozen people in India’s financial capital, disrupted stock and bond trading and halted a suburban train network that carries about 8 million people a day. Local […]