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COMMENTARY: Limp COP30 Deal Matters Little in Renewables vs Fossil Battle

CDN and International News, Conventional Energy, Latest, LNG, Natural Gas, Oil, Renewable Energy, Solar, Wind / By

Clyde Russell Summary (Reuters) – The weak statement that omitted any mention of fossil fuels was probably the best outcome that could have been realistically expected of the COP30 climate summit. It was always going to be a tall order to put nearly 200 countries with massively different perspectives together and deliver a strong statement …

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COMMENTARY: Investors Risk Being Hoodwinked by Grim Energy Transition Vibes – Ron Bousso

Batteries, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Oil, Renewable Energy, Solar, US News, Wind / By

By Ron Bousso Investment in low-carbon energy to reach $2.2 trillion this year Global renewable power capacity is forecast to double by 2030 Trade tensions to nevertheless slow the energy transition LONDON, Nov 20 (Reuters) – Stalled climate negotiations at COP30 and stubbornly high fossil fuel demand reflect the growing market consensus that the energy …

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The Future of the Energy Transition Will be Fractured, Bumpy and Long: Bousso

Conventional Energy, Latest, Natural Gas, Oil, Renewable Energy, Solar, US News, Wind / By

As COP30 kicks off its second week in Brazil, much has changed since the landmark Paris climate agreement was penned 10 years ago. The spirit of cooperation that once reigned has been shattered by economic rivalries and a stark divergence in climate policies among the world’s biggest polluters. The landmark UN COP21 climate agreement signed …

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US Urges Europe to Stick to Oil and Gas, Not Renewables

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(Reuters) – Global investments in renewable energy aren’t bearing fruit and the world should focus on securing reliable supplies of fossil fuels, U.S. energy and interior secretaries said this week as they worked on convincing Europe to buy more U.S. oil and gas. The U.S. has become Europe’s top oil and gas supplier on the …

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Offshore Wind Leaders Urge European Policy Fixes as Trump freezes US Permits

Energy Topics & Technology, Latest, Offshore, Renewable Energy, US News, Wind / By

By Stine Jacobsen and Louise Rasmussen Offshore wind capacity seen up 20-25% annually until 2030 Terms of European offshore wind auctions improving, firms say Faster permitting, better auction designs, grid expansion needed Vestas Q3 operating profit 416 million euros, beats forecast Orsted swings to $265 million net loss in Q3 COPENHAGEN, Nov 5 (Reuters) – …

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HALTING OPERATIONS – BP Wind Venture to Halt US Operations as Sector Faces Pushback

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An offshore wind venture between BP Plc and Japan’s Jera Co. plans to close its operating activities in the US as the clean energy resource faces pressure from the Trump administration. JERA Nex bp — the merged offshore wind units of the two companies — said all team members in the US market will leave …

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US Shipbuilders, Ports Take Knock-On Hit From Trump Assault on Offshore Wind

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Summary Companies Orders for new US offshore wind vessels have stopped Ports adjust plans, face delays after federal funding losses Trump administration says it can revive US maritime industries without offshore wind (Reuters) – U.S. shipbuilders and port operators are getting hit in the fallout from President Donald Trump’s campaign to wipe out the offshore wind industry, …

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Energy Transition Set to Divide Manufacturers Across the Atlantic

Coal, Conventional Energy, Latest, LNG, Natural Gas, Oil, Renewable Energy, Solar, US News, Wind / By

(Reuters) – Manufacturers in North America and Europe are set to embark on starkly different power-source paths in the decades ahead, which could reshape the future prospects for goods producers on both sides of the Atlantic. In North America, natural gas is primed to remain the main power source for factories and production lines thanks …

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US Energy Prices to Spike on Trump’s Axing of Grants, Senator Says

Latest, Renewable Energy, Solar, US News, Wind / By

(Reuters) – The Trump administration’s plans to cancel nearly $8 billion in Energy Department grants are illegal because contracts had already been signed and will cause consumer energy prices to skyrocket, the top Democrat on the U.S. Senate energy committee said. Earlier this month, the Energy Department canceled $7.56 billion in funding for clean energy …

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JPMorgan Says US Risks Missing Energy Goals Without Wind, Solar

Conventional Energy, Latest, Nuclear, Renewable Energy, Solar, US News, Wind / By

By Alastair Marsh and Will Mathis The US will struggle to generate the energy it needs to power growth in its tech industry without including wind and solar, according to JPMorgan Chase & Co.’s global head of sustainable solutions. “It’s difficult to conceive of a situation in which they won’t need to tap into those …

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