GFG Alliance reveals plans to sell-off two of its renewable projects in South Australia, a day after the company announced a refinancing deal for some of its Australian operations, including the Whyalla Steelworks.
This year's draft NEP like its earlier versions underlines importance of coal-based power and why it is still too early to retire it despite growth in renewables.
Four members of President Biden's Cabinet took to Capitol Hill on Tuesday to sell his $2.3 trillion infrastructure plan, pushing back on Republican criticisms that the plan was too large and wide-ranging.In a hearing before the Senate Appropriations...
Global energy-related carbon dioxide emissions are on course to surge by 1.5 billion tonnes in 2021 - the second-largest increase in history - reversing most of last year's decline caused by the Covid-19 pandemic, said the International Energy Agency (IEA) in a new report...
The former head of a major U.S. shale driller is eyeing more investments in the energy transition. : (Bloomberg) -- The former head of a major U.S. shale driller is eyeing more investments in the energy transition after his first blank-check company announced a deal to create a $1.15 billion renewable natural gas business. Daniel Rice IV's Rice Acquisition II special-purpose acquisition company, which filed for a $250 million initial public offering last month, will focus on sustainability and the movement away from fossil fuels.
President Biden on Thursday held his first Cabinet meeting since taking office, picking five secretaries to help sell his major new infrastructure plan. Biden met with his Cabinet one day after unveiling his $2 trillion American Jobs Plan proposal, which seeks to invest in rebuilding America's infrastructure. The president announced he has selected five members of his Cabinet to take on a "special responsibility to explain the plan" to the public.
In contrast to his killing the Keystone XL oil pipeline at the dawn of his presidency, Joe Biden this week has emphatically embraced the promise of offshore wind power.
The plan would create an emergency electric supply. : The energy arm of Warren Buffett's Berkshire Hathaway has proposed a multibillion-dollar investment to create an emergency power supply for Texas, according to a plan obtained by The Dallas Morning News, as scrutiny continues over the failures that led to unprecedented power outages after a winter storm last month. Berkshire Hathaway Energy is reportedly offering $8.3 billion to create a company called Texas Reliability Corp. that would establish new natural gas generators and gas storage facilities for the state.
Existing holdings to run till maturity; Australia coal project key factor. : Pacific Investment Management Co, which is seeking to decarbonise its investment portfolio, has stopped participating in the bond offerings of Adani Ports & Special Economic Zone because of its links to a controversial coal project in Australia, according to a person familiar. Pimco, owned by Germany's Allianz SE, did not participate in Adani Ports' $500-million bond sale in January, the person said, though existing holdings in Adani Ports would be allowed to run to maturity. A spokesperson for Allianz declined to comment.
Black Bear Value Partners recently released its Q4 2020 Investor Letter, a copy of which you can download here. The fund posted a return of -6.5% (net) in 2020, underperforming its benchmark, the S&P 500 Index which returned 18.4% in the same period. You should check out Black Bear Value Partners' top 5 stock picks for investors to buy right now, which could be the biggest winners of this year. In the Q4 2020 Investor Letter, the fund highlighted a few stocks and Armstrong World Industries Inc (NYSE:AWI) is one of them.