sustainability
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BusinessUK Watchdog Says Supermarket Loyalty Scheme Prices Offer Genuine Savings
BusinessGalp Drops Plans to Build Aurora Lithium Refinery in Portugal
Polish Utility Pge Posts Lower Q3 Net Profit Dragged by Coal Segment
Date: November 27, 2024
GDANSK (Reuters) – Poland’s biggest utility PGE reported a near 24% year-on-year fall in its third-quarter net profit on Tuesday, amid continued weakness in its coal-based conventional power generation segment. WHY IT’S IMPORTANT PGE, along with other Polish utilities, is under pressure from falling profitability in its coal-fired power generation segment, having to cope with...
German Minister Proposes Subsidies to Stabilize Power Network Fees
Date: November 26, 2024
BERLIN (Reuters) – German Economy Minister Robert Habeck on Tuesday proposed subsidies to stabilize fluctuations in electricity network fees, as consumers and companies bear the brunt of high energy costs that have hindered production and investment. The subsidies “would be a short-term measure for 2025, which could still be technically implemented, for example, through a...
Ebrd Sees Global Resurgence in Protective Industrial Policies
Date: November 26, 2024
By Libby George LONDON (Reuters) -A global resurgence in industrial policies that aim to boost or protect domestic interests threatens international cooperation and could hurt poorer countries in particular, the European Bank for Reconstruction and Development said in an annual report. The annual transitions report, which this year examined data impacting trade for 140 countries,...
UK Water Regulator’s Final Price Decision Will Come on Dec. 19
Date: November 26, 2024
LONDON (Reuters) – Britain’s water regulator will publish its final price determination on Dec. 19, senior director Chris Walters confirmed to a parliamentary committee on Tuesday. The determination sets water prices and investment levels for the next five years, a key measure for the outlook of the country’s utilities, including struggling Thames Water. Ofwat had...
Adani Green Energy Says No Talks on New Financial Commitment With TotalEnergies
Date: November 26, 2024
(Reuters) – Adani Green Energy said on Tuesday there is no new financial commitment under discussion with TotalEnergies, a day after the French oil major said it was pausing new investments into the Adani Group over U.S. bribery charges. TotalEnergies’ move was the first major fallout after U.S. authorities last week charged Adani’s billionaire chairman,...
Brazil Meatpackers Halt Supply to Carrefour Local Unit as CEO Faces Backlash
Date: November 26, 2024
SAO PAULO (Reuters) -Brazilian meatpackers have stopped supplying the Carrefour group in Brazil, its local unit said on Monday, after the retailer’s global CEO vowed to keep South American meat off its shelves in France, sparking backlash from meat producers. Unfortunately, the decision to suspend meat supply impacts our customers, especially those who trust us...