Europe’s power crisis was just a matter of time – and that time has come. Natural gas and electricity prices are setting record highs virtually every day, and businesses and households have gone from getting annoyed to being terrified as the bills land like hand grenades. The continent’s power system …
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China has switched from driving global demand for major commodities to being a drag on growth, with July’s customs data confirming the weakening trend for imports of crude oil, iron ore and copper. The exception to the trend was coal, but the sharp gain in July’s imports of the polluting …
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It took some chemical wizardry, but the Olympic cauldron in Japan leapt to life not with natural gas or some other traditional fuel. It burned hydrogen and its flame was intended as a marker not just of an Olympic spirit, but of national ambition. The Tokyo Games “will leave a …
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Iraq has signed an agreement allowing the cash-strapped Lebanese government pay for one million tonnes of heavy fuel oil a year in goods and services, helping Lebanon ease its acute power shortage, the two sides said on Saturday. Lebanon is in the throes of an economic meltdown threatening its stability. …
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One of the nation’s largest pipelines, which carries refined gasoline and jet fuel from Texas up the East Coast to New York, was forced to shut down after being hit by ransomware in a demonstration of the vulnerability of energy infrastructure to cyberattacks. The operator of the system, Colonial Pipeline, …
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Shell Canada’s president says the oil company supports the intent of Canada’s new clean fuel standard, as his company seeks to reduce its own emissions through a $350-million investment in a Quebec biofuel plant and the possible incorporation of solar power into an Alberta refinery. Shell’s backing of the Montreal-area …
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