In Kosovo, a solar farm has found an ecological and clever alternative to maintain its solar panels: a flock of sheep. This sustainable solution has solved the problem of grass cutting while contributing to the country’s energy transition.
Colombia is investing $135 million in renewable energy to reduce its dependence on oil and cut greenhouse gas emissions. The government will no longer award contracts for hydrocarbon exploration and production.
A recent Guyanese court ruling declared that ExxonMobil was in breach of insurance for its first offshore oil project in Guyana, which could have significant consequences for the ongoing oil project.
New York State will ban gas and other fossil fuel stoves and heaters in all new residential, office and government buildings by 2029. This decision is part of a drive to reduce dependence on fossil fuels.
Environmental activists disrupted the Barclays AGM in London by declaiming verses generated by ChatGPT and modifying the lyrics of a Spice Girls song to protest against the financing of hydrocarbons. The president invited the protesters to the question and answer session.
Turkey reaches an agreement with Gazprom to defer payment for some of its natural gas imports after a price spike last year to improve its current account balance.
Enel saw its net profit fall 27.7% to 1.03 billion euros in 1Q due to lower electricity and gas prices, but the CEO confirmed targets for 2023 despite the proposal of the right-wing and far-right coalition to replace Francesco Starace.
CGG, the French parapetroleum group, narrowed its net loss in the first quarter of 2023 to $16 million as a strong start to the year boosted revenues, but operating profit fell 40%.
Yemen needs financial assistance from international oil companies to avoid an environmental catastrophe. The FSO Safer is at risk of breaking, exploding or catching fire at any time, and contains four times the amount of oil of the Exxon Valdez.
The COP28 president is banking on CO2 capture technology to continue using fossil fuels, while calling for a tripling of renewable energy production by 2030. However, NGOs believe that this solution is neither reliable nor sufficient to address the climate crisis.
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