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May 14, 2021
Britain wants to broker a global agreement to stop the cross-border financing of coal projects when it hosts a major climate conference in November, a senior government minister said on Friday.
May 14, 2021
EnergyRocketing Chinese steel prices prompt regulator to warn mills Reuters 2 minute read Regulators in the cities of Shanghai and Tangshan warned local steel companies on Friday against price gouging, collusion and spreading false market information, following a surge in prices to record highs during recent weeks. The most active steel rebar and hot rolled coils on the Shanghai Futures Exchange both closed down 6% on Friday, but have jumped 34% and 43%, respectively, so far this year. The S...
May 14, 2021
Sustainable BusinessGreenidge says N.Y. bitcoin mining operation to be carbon-neutral June 1 Reuters 1 minute read Greenidge Generation Holdings Inc said on Friday it will operate an entirely carbon-neutral bitcoin mining operation at its upstate New York facility starting on June 1. The company said it will purchase voluntary carbon offsets from a portfolio of U.S. greenhouse gas reduction projects. The company converted its power generation operations from coal to natural gas in 2017. Bitcoin...
May 14, 2021
United KingdomWorld must act now to avoid climate catastrophe, UKs COP26 chief says Reuters 1/2 COP26 President Alok Sharma rehearses a speech at Whitelee Windfarm, with six months to go until the U.N. Climate Change Conference, just outside Glasgow, Scotland, Britain, May 14, 2021. REUTERS/Russell Cheyne/Pool Read More The world must act now to slow global warming otherwise there will be a climate catastrophe, COP26 President Alok Sharma said on Friday. "Human activity is damaging our earth, i...
May 13, 2021
EnergyAdani coal contractor asks Australian government for insurance help Reuters 2 minute read A rail contractor to Adani Enterprises Ltds (ADEL.NS) giant Australian coal project has asked the government for help to obtain insurance that it has not been able to secure from markets, a submission to a parliamentary inquiry showed. BMD Constructions Pty Ltd is building a section of a 210 km (130 mile) rail line that will service Adanis controversial Carmichael mine in northern Queensland state, w...
May 13, 2021
AfricaSouth Africas mining output jumps 21.3% year on year in March Reuters 1 minute read South Africas total mining output jump 21.3% year-on-year in March compared to a revised contraction of 2.3% in February, Statistics South Africa said on Thursday. Below is the breakdown of the main minerals. Year-on-year output percentage changes:
May 13, 2021
With higher yields and more stability to offer fixed income investors, municipal bonds are all the rage in the debt market.
May 13, 2021
EnvironmentU.S. CPC says La Nina ends, neutral weather likely through summer Reuters 2 minute read A U.S. government weather forecaster said on Thursday La Nina has ended and El Nino-Southern Oscillation (ENSO) neutral conditions are likely to continue through the northern hemisphere summer. ENSO neutral conditions refer to those periods in which neither El Nino nor La Nina is present, often coinciding with the transition between the two weather patterns, according to the National Weather Servi...
May 13, 2021
May 13, 202112:03 PM UTC EnergyColumn: China will have to do more if it wants to cool iron ore surge Clyde Russell 5 minute read Workers pour molten iron into a mould at a workshop in Hangzhou, Jiangsu province, China July 24, 2019. REUTERS/Stringer If China wants to temper the red-hot iron ore and steel sectors its likely going to have to do more than just talk and tinker around the margins. A move earlier this week to raise trading limits and margin requirements for some iron ore contracts a...
May 12, 2021
Sustainable BusinessToo cold to handle? Race is on to pioneer shipping of hydrogen Jonathan Saul 1/3 The logo of the CO2-free Hydrogen Energy Supply-chain Technology Research Association (HySTRA) is seen on a liquefied hydrogen storage tank built by Kawasaki Heavy Industries at the hydrogen receiving terminal at the Kobe Airport Island in Kobe, western Japan January 22, 2021. Picture taken January 22, 2021. REUTERS/Yuka Obayashi/File Photo Read More Hydrogen is touted as an inevitable green fu...