Energy investment treaty update fails to win over environmentalists

June 24 (Reuters) – Years-long talks over updating an international energy investment treaty ended on Friday with a provisional deal which would allow the exclusion of fossil fuels interests but not fast enough to silence environmental campaigners’ complaints that it undermines efforts to curb climate change. The 1994 Energy Charter Treaty (ECT) was conceived to … Read more

Fiat owner Stellantis to invest $ 52 mln in Vulcan Energy for 8% stake

The logo of Stellantis is seen on a company’s building in Velizy-Villacoublay near Paris, France, February 1, 2022. REUTERS / Gonzalo Fuentes Register now for FREE unlimited access to Register June 24 (Reuters) – Vulcan Energy Resources (VUL.AX) said on Friday Dutch automaker Stellantis NV (STLA.MI) would buy an 8% stake for A $ … Read more

Harbor Energy CEO warns of lower UK investment due to windfall tax

LONDON, June 21 (Reuters) – The North Sea’s biggest oil and gas producer, Harbor Energy (HBR.L), has told the British government that Britain’s planned windfall tax on the energy sector will shrink the company’s investment in the country. With oil and gas prices soaring and households feeling the hit from higher prices across the board, … Read more

Portugal wants long-term EU mechanism for security, energy investment

Portuguese Prime Minister Antonio Costa arrives at Downing Street ahead of his meeting with British Prime Minister Boris Johnson, in London, Britain, June 13, 2022. Aaron Chown / Pool via REUTERS / File Photo Register now for FREE unlimited access to Register LISBON, June 20 (Reuters) – Portugal wants the European Union to create … Read more

Qantas, Airbus to invest up to $ 200 mln to develop Australian sustainable aviation fuel industry

An Airbus A350-1000 test plane arrives at Sydney Airport as the backdrop for Qantas announcing an order for 12 of the planes in Sydney, Australia May 2, 2022. REUTERS / Jamie Freed / File Photo Register now for FREE unlimited access to Register DOHA, June 19 (Reuters) – Qantas Airways (QAN.AX) and Airbus (AIR.PA) … Read more

Lego to invest over $ 1 billion in first US brick plant

The Lego logo is pictured above the main gate of the new Legoland New York Resort theme park during a press preview of the park, which is currently under construction, with plans to open to the public in the summer of 2021 in Goshen, New York, US, April 28, 2021. REUTERS / Mike Segar / … Read more

Analysis: For central bankers, tighter financial conditions may be an ally

Pedestrians and a traffic light stop sign are reflected on a quotation board in Tokyo, Japan February 26, 2021. REUTERS / Kim Kyung-Hoon / File Photo Register now for FREE unlimited access to Register LONDON, June 15 (Reuters) – Slumping stocks and surging bond yields are rapidly crimping global financial conditions, yet given their … Read more

Exclusive: Pakistan finance minister to seek deferred payments for Qatari LNG

Pakistan’s Federal Minister for Finance and Revenue Miftah Ismail speaks during an interview with Reuters at his office, in Islamabad, Pakistan June 11, 2022. REUTERS / Salahuddin / File Photo Register now for FREE unlimited access to Register Pakistan’s FX reserves dwindle as global fuel prices spike Islamabad seeks third long-term LNG supply deal … Read more

Australian state to invest $ 850 mln in power grid

A fence is seen in front of wind turbines that are part of the Infigen Energy Capital Wind Farm located on the hills surrounding Lake George, near the Australian capital city of Canberra, Australia February 21, 2018. REUTERS / David Gray Register now for FREE unlimited access to Register MELBOURNE, June 10 (Reuters) – … Read more

Repsol sells 25% renewables stake to EIP, Credit Agricole for $ 964 mln

A Repsol logo at a petrol station in Bormujos near the Andalusian capital of Seville, southern Spain March 3, 2016. REUTERS / Marcelo del Pozo Register now for FREE unlimited access to Register MADRID, June 9 (Reuters) – Oil and gas group Repsol (REP.MC) has agreed to sell a quarter of its newly-created renewable … Read more