Page 132 - Min News Today

Over 700 residents were ordered to abandon their homes on Tuesday on the Spanish island of La Palma as red-hot lava advanced towards their neighbourhood.

A lobby group for Britain's steel industry said on Tuesday it welcomed efforts to seek help for the sector but wanted details about any plans that it said must address short-term energy price spikes and long-term energy costs hurting UK plants.

The Asian Development Bank's chief said on Tuesday said the lender will boost its climate financing goals by $20 billion to a new target of $100 billion for the 2019-2030 period and aims to launch its concept for retiring coal-fired power plants at the COP26 climate conference in Scotland next month.

Nine metal producers including Antofagasta and Teck Resources have disclosed the carbon emissions from their metal producing operations on the London Metal Exchange's newly launched digital register.

Saudi Aramco has agreed to supply additional crude to at least two North Asian buyers in November, while meeting full contractual volumes for three others, sources with knowledge of the matter said on Monday.

Fortescue Metals Group Ltd's green energy unit said on Monday it plans to build the world's biggest electrolyser factory in Queensland, looking to jump start the green hydrogen industry in Australia.

The largest provincial economy in China's northeast rust belt on Monday warned of worsening power shortages despite government efforts to boost coal supply and manage electricity use in a post-pandemic energy crisis hitting multiple countries.

The British steel industry's lobby group warned on Monday of an impending crisis due to soaring wholesale energy prices which could force plants into expensive shutdowns, stoke emissions and sow chaos through supply chains.

Canada's Rock Tech Lithium plans to build a converter plant in Brandenburg, the German state surrounding Berlin, to make battery-grade lithium hydroxide for electric vehicles, the state's energy ministry and the company said on Monday.

Hundreds of companies around the world have promised to cut carbon emissions, but the deadlines they have set are years away and it is hard to tell if it is enough.