sustainability
TechnologyStellantis Unveils Technology to Support Flexible Ev and Hybrid Auto Production
BusinessThyssenkrupp Takes $1 Billion Hit on Steel Unit as Outlook Darkens
Top StoriesG20 Summit Kicks Off With Global Pact to Fight Hunger, Poverty
InvestingEuropean Oil Giants Step Back From Renewables Path
Global Offshore Wind Industry Poised to Miss Big Targets as Obstacles Mount
Date: November 18, 2024
By Nichola Groom and Nina Chestney (Reuters) – After a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit the lofty targets set by governments in the U.S., Europe and elsewhere, marking a setback for efforts to fight climate change. The technology...
Enel Cautious on US Solar Panel Project, Committed to Brazil Grids
Date: November 18, 2024
MILAN (Reuters) – Italy’s Enel has grown cautious on a solar panel project in the United States, but is committed to invest to keep its concessions in Brazil and Chile, the utility’s chief executive said on Monday. Presenting the group’s updated three-year strategy to 2027, Enel’s CEO Flavio Cattaneo said the company would press...
UK Retail Industry Plays Down Threat to Food Supplies From Possible Farmer Strikes
Date: November 18, 2024
LONDON (Reuters) – Britain’s retail industry on Monday played down the likelihood of possible farmer strikes over the government’s inheritance tax measure impacting food availability, saying the nation’s food retailers are adept at dealing with disruption. Some farmers, angry over the new Labour government’s budget measure to make them liable for inheritance tax, have threatened...
Exclusive-Crisis-hit Ev Battery Champion Northvolt Struggles to Hit Production Targets
Date: November 18, 2024
By Marie Mannes Embattled green tech player Northvolt has missed some in-house targets and has curtailed production at its battery cells plant in northern Sweden, according to internal company documents and company sources, underscoring the challenge of ramping up output. Two unpublished documents reviewed by Reuters, marked “Production plan 2024”, show Northvolt has since early...
Airbnb Urges Barcelona to Reconsider Crackdown on Tourism Rentals
Date: November 18, 2024
MADRID (Reuters) – Global holiday home rental company Airbnb has urged Barcelona’s mayor to rethink a widening crackdown on short-term rentals, arguing that it only benefits the hotel sector while failing to address overtourism and a housing crisis. “The only winner from Barcelona’s war on short-term rentals is the hotel industry,” Airbnb’s head of Policy...
European Oil Giants Step Back From Renewables Path
Date: November 18, 2024
By Ron Bousso LONDON (Reuters) – Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals,...