By Timothy Gardner WASHINGTON (Reuters) -Private U.S. nuclear fusion company Helion Energy will provide Microsoft with electricity in about five years, the companies said on Wednesday, in the first such deal for the power source that fuels the sun but has been elusive on Earth. Government labs and more than 30 companies are racing to […]
Huge Phillips 66 biofuels project will test the industry’s green promises
Reuters | March 21, 2023
By Laila Kearney RODEO, California (Reuters) – In the oldest refining town in the American West, Phillips 66 is promising a greener future as it moves to halt crude-oil processing and build a massive renewable diesel plant, leading a global trend. That plan, announced in 2020, was initially welcomed by residents weary from a history […]
Women leaders sidelined at multilateral organizations, new study shows
Reuters | March 7, 2023
By Andrea Shalal WASHINGTON (Reuters) – Women have held just 12% of the top jobs at 33 of the biggest multilateral institutions since 1945, and more than a third of those bodies, including all four large development banks, have never been led by a woman, a new study released on Monday shows. Five of the […]
IKEA sees higher demand in Europe driven by home furnishings – CEO
Reuters | January 20, 2023
By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) – Ingka Group, the owner of most IKEA stores, sees demand in Europe to continue rising in the current fiscal year, driven by strong demand for home furnishings that has outlasted coronavirus lockdowns, the company’s CEO said. “We are right now optimistic that this would be […]
Davos 2023: EU to counter U.S. climate game changer with own green deal
Reuters | January 17, 2023
By Maha El Dahan and Jan Strupczewski DAVOS, Switzerland (Reuters) – The European Union responded on Tuesday to U.S. moves to boost its energy transition with its own plans to make life easier for green industry, saying it would mobilize state aid and a sovereignty fund to keep firms from moving to the United States. […]
Southwest flight upheaval a ‘system failure,’ U.S. says
Reuters | December 29, 2022
By Kanishka Singh WASHINGTON (Reuters) -U.S. Transportation Secretary Pete Buttigieg on Wednesday ratcheted up pressure on Southwest Airlines, saying thousands more canceled flights indicated a system failure at the low-cost carrier. “We are past the point where they could say this is a weather-driven issue,” Buttigieg said in an interview posted by ABC News on […]
U.S. to reveal scientific milestone on fusion energy -sources
Reuters | December 13, 2022
By Timothy Gardner WASHINGTON (Reuters) -The U.S. Department of Energy on Tuesday will announce that scientists at a national lab have made a breakthrough on fusion, the process that powers the sun and stars that one day could provide a cheap source of electricity, three sources with knowledge of the matter said. The scientists at […]
Keystone pipeline shut after 14,000-barrel oil spill in Kansas
Reuters | December 9, 2022
By Brijesh Patel, Rod Nickel and Nia Williams (Reuters) -Canada’s TC Energy shut its Keystone pipeline in the United States after more than 14,000 barrels of crude oil spilled into a creek in Kansas, making it one of the largest crude spills in the United States in nearly a decade. The cause of the leak, […]
Analysis-BlackRock too green for Texas; rest of Wall Street okay – for now
Reuters | August 30, 2022
By Ross Kerber and Pete Schroeder (Reuters) – Most big Wall Street firms passed a test for business as usual in Texas last week when state Comptroller Glenn Hegar kept all but BlackRock Inc. off a list of companies whose stance on boycotting oil and gas stocks could trigger divestment by public agencies. But top […]