Latest: Energy News
Steelmakers from South Korea, India, Japan and China were among the biggest laggards in the shift to renewables, with some still depending entirely on fossil fuels for production
But the world’s second-largest economy still needs to navigate major challenges to meet its overall climate goals — the biggest being a booming demand for power
The Russian central bank moved on Thursday to stop foreign buying of the ruble in the domestic market after the currency slipped to its lowest since March 2022
India's plan to shift from coal to clean energy is being slowed by a shortage of skilled manpower, plus doubts by states' power distribution firms and a lack of infrastructure to handle with the transition
Delegates adopted a $300 billion a year global finance target to help poor nations cope with climate change, but that outcome left some countries angry and disgusted
British miner AngloAmerican has sold its Australian coal mines to Peabody, the US energy firm, for up to $3.8 billion
Prices of Adani bonds fell further on Monday, while parliament was suspended amid an uproar over US charges laid against billionaire Gautam Adani, who has close ties with PM Narendra Modi
Dhaka is reviewing its deal with Adani Power, as the firm has been charging Bangladesh a rate much higher than power producers in India
The US has added 30 more Chinese firms to its official blacklist for companies whose products are banned because of forced labour involving Uyghurs
Experts say Adani's indictment in the US for bribery and fraud is bound to make risk managers at big banks 'nervous' while increasing scrutiny on Indian renewable energy projects
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Energy: The Big Picture
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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Transport InsightsAnglo-American Puts World’s Biggest Hydrogen Truck to WorkMining giant Anglo-American has unveiled a prototype of what it says is the world’s largest hydrogen-powered mining truck
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Energy InsightsWhat is China’s Tokamak Fusion Reactor?The goal of the Experimental Advanced Superconducting Tokamak project is to unlock the secret to clean and limitless energy on earth, with minimal waste products
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Energy InsightsDoes US Warning to India Point to More Russian Oil Restrictions?The US state department says it is aware of talks between Russia and India concerning the purchase of oil. It has no objection to India buying Russian oil, provided it buys at discount
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Market InsightsKazakhstan Unrest Poses Risks for World EconomyHundreds of people have died and thousands have been detained in Kazakhstan during the worst violence seen in the Central Asian nation since it became independent in the early 1990s. The unrest in Kazakhstan poses risks for energy markets, and even cryptocurrencies.
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