FACTBOX: UK brings forward ban on new ICE cars to 2030
The UK is bringing forward a ban on sales of new gasoline and diesel cars to 2030 while maintaining a 2035 cut-off for hybrids — vehicles that include battery propulsion Continue Reading
UK accelerates end of sale of new gasoline and diesel cars to 2030, hybrids to 2035
UK Prime Minister Boris Johnson confirmed that the government will accelerate the ban on the sale of new gasoline and diesel vehicles, bringing it forward by ten years to 2030, Continue Reading
Offshore Wind Power: Europe Seeks $940 Billion Building Boom to Meet Green Goals – Bloomberg
The European Union wants a massive increase in offshore wind to help clean up the electricity industry and aid the recovery after the pandemic. To meet its mid-century goal of becoming Continue Reading
Small Nuclear Power Plants Draw Support in U.K.’s Green Program
The U.K. government is championing small nuclear reactors as a key part of its decarbonization strategy in a move that left developers of traditional large-scale plants in limbo. Prime Minister Boris Johnson’s Continue Reading
Equinor Sees COVID Accelerating Peak Oil Demand To 2027-2028
Slower demand growth due to the pandemic and a drop in global oil supply due to low investments could result in peak oil demand 2-3 years sooner than an earlier Continue Reading
French Lockdown to Push Economy Back Into a Contraction
France‘s second lockdown will push the economy back into a slump and slow the recovery in 2021, even though restrictions to contain the coronavirus aren’t as severe as earlier in Continue Reading
U.K.’s New Green Plan Backs 250,000 Jobs and Bans Gas Car Sales
U.K. Prime Minister Boris Johnson announced a 12 billion-pound ($15.9 billion) plan to boost green industries and tackle climate change, in a blueprint he says will create or support as many Continue Reading
Car sales slump again in Europe amid renewed restrictions
After a one-month reprieve, passenger car sales in Europe slumped again in October amid new restrictions in many countries aimed at containing a resurgence of the coronavirus, the European carmakers’ Continue Reading
Norway’s Equinor raises Johan Sverdrup production, targets 720,000 b/d in phase 2
Norway’s Equinor will raise crude production from its flagship Johan Sverdrup field to 500,000 b/d by year-end from 470,000 b/d, with the second phase of the project eventually taking production Continue Reading
UK government brings forward ban on new ICE cars 10 years to 2030
UK Prime Minister Boris Johnson announced a 10-point climate change plan late Nov. 17, promising GBP12 billion ($15.93 billion) of investment in a range of decarbonization initiatives while bringing forward Continue Reading