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Cold snap shuts Houston ship channel as energy closures mount

A deep freeze continued to wreak havoc on the U.S. energy sector, bringing operations to a halt at the Houston Ship channel, while some of the biggest oil refineries remained offline in the nation's largest crude-producing state.

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EUROPE POWER-Tuesday prices dip on falling demand

European spot electricity prices on Monday fell for the day-ahead as French demand is expected to ease and average temperatures are forecast to rise in France and Germany.

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Honduras hurricanes push thousands into homelessness


3 Min Read
SAN PEDRO SULA, Honduras (Reuters) - Willian Castro and his family huddled on the roof of a banana packing plant for three days as Hurricane Eta raged last month, seeking to escape the torrential rains and floods that swept through his home and thousands of others.
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His city of San Pedro Sula in northern Honduras was one of the areas worst hit by Eta and Hurricane Iota, which struck just two weeks later, deepening the economic hardship caused by the coronavirus pandemic in Central America.
Castro, 34, worked as a barber from his home, which was destroyed in the storms. He is now considering following thousands of Hondurans before him who saw emigration north as a way out of poverty.

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Guatemala Mayan villagers tell of harrowing escape from deadly landslide


4 Min Read
CHICUZ, Guatemala (Reuters) - Matilde Ical Chen was toasting tortillas over a wood fire for the midday meal when the landslide ripped through the Guatemalan Mayan indigenous village of Queja, burying her mother, sisters and grandparents in a torrent of liquid earth and rock.
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Ical Chen, 49, grabbed her husband and six small children and ran, barely surviving a fall into a ravine, she told Reuters in Chicuz, a hamlet three hours on foot from Queja, where she and hundreds of other survivors are now sheltered in a primary school after Thursday’s disaster.
“My mother was buried, along with my sisters, their husbands, the whole family, even the grandparents,” Ical Chen said though an interpreter, counting approximately 30 family members who did not escape the mud that rescuers say is up to 50 feet (15 meters) deep.

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EUROPE POWER-Increase in wind power weighs on Friday prices

European spot electricity prices for Friday delivery slid on Thursday due to a projected increase in power generation from wind turbines.

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Dozens could be buried in Guatemala as Eta dumps torrential rain


By Reuters Staff
1 Min Read
GUATEMALA CITY (Reuters) - Dozens of people are possibly buried in their homes in central Guatemala, local officials said on Thursday, after torrential rains unleashed by former Hurricane Eta inundated large swathes of Central America over the past couple of days.
Guatemala’s disaster relief agency Conred said in a statement that 15 homes in the town of San Cristobal Verapaz, located about 120 miles (193 km) north of Guatemala City, have “probably” been covered by mudslides, possibly affecting some 75 people.
Eta, which as since weakened to a tropical depression, has dumped heavy rains and caused catastrophic flooding in Central America, killing at least 18 people and turning streets into waist-high water channels.

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Analysis: Adaptation no longer 'Cinderella' of climate action - but barriers remain


5 Min Read
LONDON (Thomson Reuters Foundation) - Efforts to adapt to worsening climate change impacts are no longer playing “Cinderella” to better-financed work to cut emissions - but big obstacles still stand in the way of staying safer from climate threats, adaptation experts said on Thursday.
Those range from inadequate investment in adaptation work, to over-zealous accountability mechanisms for public spending and a failure to include local people in developing plans and judging their success, they told an online discussion.
Too many poor countries, meanwhile, are waiting to receive donor cash to adapt to more extreme weather and rising seas, when rethinking their own spending could also play a role, said Tom Mitchell, chief strategy officer for Climate-KIC, a European Union-funded climate innovation initiative.

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EUROPE POWER-Weather, strike prospects boost week-ahead, curve rallies

European wholesale market power prices gained strongly on Friday as the prospect of colder weather and French strike action boosted next week delivery, while futures rallied along with related carbon and oil markets.

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United States asked to allow Guatemalans to stay on humanitarian grounds after storm

Guatemala on Wednesday requested that the United States allow Guatemalans in the country to remain on humanitarian grounds following the devastation caused by storm Eta last week.

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Honduran coffee exports fall 18% in January as pandemic hits demand

Honduran coffee exports fell 18% in January, data from the national coffee institute IHCAFE showed on Monday, as pandemic-related closures dented global demand for the commodity.

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