Foto: Envato Shipping companies worldwide are set to face the first international carbon tax on the industry, as many of the largest shipping nations agreed to new rules despite threats of retaliation from the United States. Members of the International Maritime Organization, a specialized agency within the United Nations that oversees the shipping industry, came to an agreement Friday on charging…
Foto: Envato President Donald Trump is pushing for countries to purchase more U.S. energy to reduce their trade surpluses and potentially avoid higher tariffs. Treasury Secretary Scott Bessent has pointed to a potential investment by Asian allies in a major LNG project as an example of what the White House is seeking. President Donald Trump has opened…
Foto: Envato Many of the world’s largest shipping nations decided on Friday to impose a minimum fee of $100 for every ton of greenhouse gases emitted by ships above certain thresholds, in what is effectively the first global tax on greenhouse gas emissions. The International Maritime Organization estimates $11 billion to $13 billion in revenue annually…
Foto: Envato “The development of a distributed generation network in Zhytomyr Oblast continues,” the official said during a session of the Zhytomyr Oblast Council. “Last year, we added about 20 gas turbine stations to our energy capacity thanks to USAID and business support. Now, we’re set to install wind power units with a combined capacity…
Our lives are surprisingly dependent upon this extremely light and unreactive gas, yet supplies of it are remarkably fragile. Nancy Washton remembers the sinking feeling she got when she heard her helium delivery wouldn’t be arriving. In early 2022, she and her team of chemists at the Pacific Northwest National Laboratory in the United States…
Sizewell C is a proposed 3.2-gigawatt nuclear power station planned for the Suffolk coast – Martin Keene Ed Miliband has sunk an extra £2.7bn into Sizewell C after EDF slashed its stake in the nuclear power project. The Energy Secretary said the additional money would boost energy security, jobs and the race for net zero.…
A pump jack operates near a gas turbine power plant in the Permian Basin oil field outside of Odessa, Texas, U.S. February 18, 2025. U.S. oil prices have dropped to their lowest level since 2021 this week, sparked in part by concerns that the massive tariffs announced by the United States will hurt economic growth.…
A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/File Photo© Thomson Reuters By Paul Carsten and Arunima Kumar LONDON (Reuters) -Oil prices plunged by 8% on Friday, heading for their lowest close since the middle of the pandemic in 2021, as China hit back in an escalating global trade…
AAA data shows that one week ago, a gallon of gas cost 14 cents less in Florida. Florida gas prices continue to seesaw after recently hitting a 15-month low. Last Monday, AAA announced that the state average for a gallon of gas had fallen below $2.96. Those sub-$3 prices didn’t last long. By Thursday, a…
