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☆ Scott Sheffield, former Pioneer CEO, accused of trying to conspire with OPEC to inflate prices
  + stars: | 2024-05-02 | by ( Matt Egan | ) edition.cnn.com   time to read: +5 min
New York CNN —Scott Sheffield, the founder and longtime CEO of a leading American oil producer, attempted to collude with OPEC and its allies to inflate prices, federal regulators alleged on Thursday. Regulators say Sheffield, then the CEO of Pioneer Natural Resources, used WhatsApp conversations, in-person meetings and public statements to try to “align oil production” in the Permian Basin in Texas with that of OPEC and OPEC+, the wider group that includes Russia. Unlike with OPEC nations, US oil production is supposed to be decided by the free market, not by coordination among the major players. The FTC said that while Sheffield was discussing efforts to coordinate output with other Texas producers, the Pioneer CEO said: “If Texas leads the way, maybe we can get OPEC to cut production. Exxon said that in response to the FTC’s concerns, it will not add Sheffield to its board.
Persons: New York CNN — Scott Sheffield, “ Mr, —, Kyle Mach, Sheffield “, Douglas Farrar, Sheffield, ”, Exxon Organizations: New, New York CNN, OPEC, Federal Trade Commission, Sheffield, Organization of, Petroleum, Saudi Arabia, Regulators, Pioneer Natural Resources, FTC, ExxonMobil, Competition, CNN, Railroad Commission, Texas, Exxon Locations: New York, American, Saudi, Sheffield, Texas, OPEC, Russia, FTC’s, Saudi Arabia
☆ Corn to Power Airplanes? Biden Administration Sets a High Bar.
  + stars: | 2024-04-30 | by ( Max Bearak | Dionne Searcey | ) www.nytimes.com   time to read: +1 min
In a move aimed at lowering the greenhouse gas emissions of air travel, the Biden administration on Tuesday issued new guidelines for how fuel producers — and in particular, makers of ethanol from corn — could qualify for tax credits under a plan to increase the supply of so-called sustainable aviation fuel. It’s especially difficult to transition airplanes away from traditional jet fuel because there are so few affordable alternatives capable of getting a plane off the ground. The global aviation sector accounts for about 3 percent of the world’s total emissions, and most jet fuel today is made from fossil fuels. President Biden’s 2022 Inflation Reduction Act offered federal tax credits for sustainable aviation fuels, industry jargon for jet fuel made without fossil fuels, that cut greenhouse gas emissions by at least 50 percent. For months now, federal officials have been evaluating research to decide how to measure whether various biofuel-based alternatives meet that standard.
Persons: Biden, Biden’s
☆ Rise in crude oil prices could stir demand for sustainable aviation fuel: FatHopes Energy
  + stars: | 2024-04-24 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRise in crude oil prices could stir demand for sustainable aviation fuel: FatHopes EnergyVinesh Sinha, founder and CEO of FatHopes Energy, discusses biofuels and his plans for the company.
Persons: Energy Vinesh Sinha Organizations: Energy, FatHopes Energy
☆ F1's net-zero pledges are colliding with its ambitions to go truly global
  + stars: | 2024-04-01 | by ( Chris Hawes | ) www.cnbc.com   time to read: +7 min
Oscar Piastri of McLaren during the Formula 1 Saudi Arabian Grand Prix at Jeddah Corniche Circuit in Jeddah, Saudi Arabia on March 9, 2024. But with the Japanese Grand Prix this coming weekend, F1's beleaguered boss Stefano Domenicali will finally be able to provide a rebuttal. F1's growing ambitions in the Middle East and the U.S. have at times transcended the sport. Las Vegas airports dealt with 400 private jets arriving for the Grand Prix, while Singapore saw a 63% increase in September flight arrivals compared to the previous year when its Grand Prix was pushed into October. Third placed Carlos Sainz of Spain and Ferrari celebrates on the podium during the F1 Grand Prix of Italy at Autodromo Nazionale Monza on September 03, 2023 in Monza, Italy.
Persons: Oscar Piastri, Stefano Domenicali, Alexander De Croo, Domenicali, Clive Mason, Stephane Bazire, Bazire, I've, Stefano, Colin Syn, We've, Francois Dumontier, Madeleine Orr, Paul Fowler, Carlos Sainz of, Dan Istitene Organizations: McLaren, Formula, Saudi, Jeddah Corniche, Nurphoto, Getty, United Arab, U.S, Belgian, Formula One, of Australia, Albert, Circuit, F1, Silverstone, CNBC, Las, Prix, Singapore, Singapore Grand Prix, Canadian, Italy's Emilia, Grand Prix, Williams, DHL, Ferrari, of, Autodromo Nazionale Monza Locations: Jeddah, Jeddah Corniche Circuit, Saudi Arabia, Belgium, Monza, Italy, Monaco, United Arab Emirates, Europe, America, Las Vegas, Singapore, Japan, Miami, Grand, Canada, Australia, Carlos Sainz of Spain
☆ Supersonic planes will replace conventional jets in our lifetime, says aviation CEO
  + stars: | 2024-03-30 | by ( Maureen O'Hare | ) edition.cnn.com   time to read: +9 min
It’s a milestone moment in the highly anticipated new era of supersonic travel. Now, 10 years after the Boom Supersonic project began in 2014, CEO Blake Scholl tells CNN Travel over video call, there are an exciting few months ahead. “The advent of digital engineering is a huge enabler for why supersonic flight’s coming back,” explains Scholl. Courtesy Boom Supersonic‘If we have faster airplanes, we don’t need as many’He also argues the case for other efficiencies offered by faster flight. Scholl says, “2024 is going to be one of the biggest years yet for supersonic flight.
Persons: Blake Scholl, ”, Scholl, “, Lockheed Martin’s, We’ve, “ There’s, it’s, we’ll Organizations: CNN, Mojave Air, Space, CNN Travel, ”, French Concorde, NASA, Lockheed, “, Concorde, SAF, American Airlines, United Airlines, Japan Airlines Locations: Colorado, California, Soviet, British, French, Atlanta, Concorde, Mojave , California, London, New York, Greensboro , North Carolina
☆ WindRunner: Gigantic new aircraft design aims to create the largest plane ever to fly
  + stars: | 2024-03-19 | by ( Maureen O'Hare | ) edition.cnn.com   time to read: +3 min
Larger wind turbines produce more power than standard ones, but the components are too big to be transported by road. Meet the WindRunner airplane, whose mission will be to deliver gigantic 300-foot-long blades directly to wind farms. So WindRunner will have a cargo bay volume of 272,000 cubic feet, enough to hold three Olympic swimming pools. That’s 12 times the volume of a Boeing 747-400 and – at 356 feet in length, it’s 127 feet longer too. Currently, turbine blades today are ordinarily 230 feet or less (70 meters), but Radia wants to deploy blades of up to 104 meters (341 feet).
Persons: CNN —, Radia, Mark Lundstrum, Energy Ernest Moniz, Malcolm Turnbull, It’s Organizations: CNN, Boeing, FAA, Federal Aviation Administration, Bloomberg, XXL, MIT, Radia, Royce, Energy, Beluga XL, Airbus Locations: Colorado, Ukraine
☆ Dubai jet suit race: Real-life ‘superheroes’ take to the sky in inaugural event
  + stars: | 2024-03-01 | by ( Rebecca Cairns | ) edition.cnn.com   time to read: +7 min
Against a backdrop of skyscrapers and super yachts, the airborne athletes competed in the inaugural Jet Suit Race Series, an event organized by the Dubai Sports Council and Gravity Industries, the manufacturers of the jet suit. Browning compares the 1,700-horsepower jet suit to “the power of a Bugatti Veyron” sports car in a 30-kilogram (66-pound) backpack. The jet suit uses aviation fuel or diesel, and can go at speeds of up to 136 kilometers per hour (85 miles per hour), Browning’s own record. In 2020, there was a fatal jetpack accident in Dubai, though it was not a Gravity suit.) Test pilots take off in Gravity Industries jet suits ahead of the inaugural race, in Dubai in February 2024.
Persons: Superlatives ”, ”, Richard Browning, “, Browning, Toby Patterson ‘, Browning’s, Toby Patterson “, Issa Kalfon, Paul Jones, Freddie Hay, Kaflon, Ahmed Al Shehhi, Al Shehhi, he’s, it’s Organizations: CNN, Dubai Sports Council, Gravity Industries, CAA, FAA, Royal Marines, Great North Air Ambulance Service, Industries, British Royal Navy, Commando Royal Marines, JetPack Aviation Locations: Dubai, “ City, Superlatives, UAE, Lake District, California
☆ CNBC Changemakers: Fortune 500 CEOs, Naomi Osaka and Alex Cooper share a success secret
  + stars: | 2024-02-28 | by ( Julia Boorstin | ) www.cnbc.com   time to read: +5 min
Leading the way are health care, with 22%; tech, with 14%; and consumer products and financial services, tied at 10%. Kate Ryder is closing major gaps in women's and family health care with Maven. Michelle Zatlyn, co-founder and chief operating officer at Cloudflare, is giving companies AI tools to bolster cybersecurity and lower costs for vulnerable, critical infrastructure providers, including schools and local election systems. The Changemakers serve as a reminder that success is a result of leading in ways that are authentic. In the book she explored the concept of "reformers" — women working to fix broken systems.
Persons: Anat Ashkenazi, Eli Lilly, Svanika Balasubramanian, Bobbie, Laura Modi, Baby2Baby, Norah Weinstein, Kelly Sawyer Patricof, Alex Cooper, Tracee Ellis Ross, Naomi Osaka, Balasubramanian, Jessica Chang, Maayan Cohen, Kate Ryder, Maven, Monique Rodriguez, Jessica Berman, Kathy Hannun, Clara Shih, Michelle Zatlyn, Kristin Peck, Julia Boorstin Organizations: CNBC, U.S, RePurpose Global, rePurpose, Women's Soccer League, Dandelion Energy, cybersecurity Locations: Changemakers, Cloudflare
☆ Singapore outbound flights to cost more from 2026 over green fuel requirements
  + stars: | 2024-02-19 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com   time to read: +1 min
Travellers look at the flight departure schedule on the screen at Singapore Changi airport on December 7, 2022. Flights departing from Singapore will cost more from 2026 as the country pushes ahead with its aviation industry decarbonization goals. The initiative is part of a sustainable air hub blueprint which was unveiled by the Civil Aviation Authority of Singapore (CAAS) on the eve of the Singapore Airshow. To achieve the ambitious 1% target by 2026, travelers flying out of Singapore will have to be prepared to pay higher air fares. In 2021, the International Air Transport Association and member airlines committed to reaching net-zero carbon emissions by 2050.
Persons: Chee Hong Tat, CAAS, Chee Organizations: Changi Airport, Seletar, SAF, Transport, Civil Aviation Authority of Singapore, International Air Transport Association Locations: Singapore Changi, Singapore, Bangkok, Tokyo, London
☆ Factbox-Policy Pledges of Indonesia's Presidential Candidates
  + stars: | 2024-02-06 | by ( Feb. | At P.M. | ) www.usnews.com   time to read: +5 min
(Reuters) - Three candidates are running in Indonesia's presidential election on Feb. 14. The following is a summary of policy objectives they have pledged while campaigning. ANIES BASWEDAN- Target 5.5%-6.5% average annual economic growth from 2025-2029- Create 15 million jobs, including 'green' jobs- Raise the tax-to-GDP ratio from 10.4% in 2022 to 13%-16% by 2029- Target annual inflation of 2%-3% from 2025-2029- Offer incentives for renewable energy projects- Impose a carbon tax with proceeds to be used as an endowment fund to finance development of renewable energy- Increase the 'village fund' to 5 billion rupiah ($317,965) for each village, from the current 1 billion rupiah. - Widen access to global markets for palm oil farmers- Strengthen free trade agreements and Indonesia's role in international financial institutions- Minimise imports of staple foods- Create 2 million new affordable housing units, including for informal workers, youth- Expedite forest conservation and rehabilitation projects- Limit new construction of, and retire existing coal-fired power plants, especially in Java, Bali islands- Review debt of state-owned enterprises, continue debt restructuring programme- Revise Jobs Creation Law with goal to ensure fair wages for workers- Evaluate the $32 billion new capital city project- Evaluate food estate programme, replacing it with contract farming, a scheme to ensure farm products will be sold- Impose a wealth tax on Indonesia's 100 richest people- Audit the nickel industry with focus on its impact on the environment and ensuring welfare of domestic workers- Strengthen the anti-corruption agency by revising the law that regulates it- Ease permitting requirements for building places of worshipGANJAR PRANOWO- Continue programmes of outgoing President Joko Widodo's administration- Target average annual economic growth of 7%- Create 17 million new jobs- Expedite construction of new capital city- Increase the defence budget as a percentage of gross domestic product (GDP) to between 1%-2%, from about 0.8% presently. Modernise military hardware- Target 30% share for renewable sources in energy mix by 2029- Allow more renewable energy producers to use electricity grids of state utility firms to boost green energy adoption- Set up a dedicated ministry for the palm oil sector- Maintain moratorium on deforestation, accelerate reforestation programmes- Create digital tax collection system under the new tax agency separated from finance ministry- Limit permit issuance of new nickel smelter to avoid a further oversupply- Expand social welfare to cover 15 million families, up from 10 million currently- Provide funding to ensure at least one member of a poor family receives education until college- Strengthen national anti-corruption agency- Maintain foreign policy of non-alignment- Strengthen Indonesia's commitment to support fight of Palestinian people- Revitalise the Association of Southeast Asian Nations and its decision-making process, especially regarding South China Sea disputes.
Persons: ANIES, GANJAR, Joko Widodo's, PRABOWO, Joko, Stanley Widianto, Ananda Teresia, Stefanno Sulaiman, Bernadette Christina Munthe, Martin Petty Organizations: Reuters, Association of Southeast Asian Nations Locations: Java, Bali, South
☆ 9 UN Security Council Members Urge a Halt to Airstrikes by Myanmar's Military
  + stars: | 2024-02-06 | by ( Associated Press | Feb. | At A.M. | ) www.usnews.com   time to read: +6 min
UNITED NATIONS (AP) — Nine members of the United Nations Security Council condemned “indiscriminate” airstrikes by Myanmar's military against civilians before an envoy briefed the council Monday as part of regional efforts to implement a peace plan that has so far been largely ineffective. Before the council meeting, nine of the 15 council members stood before reporters to support a statement read by Britain’s U.N. The United States pushed for an enforceable Security Council resolution to prevent Myanmar from getting jet fuel, the council diplomat said. According to the council diplomat, China, which has close ties to Myanmar, emphasized the need to give ASEAN's efforts time and space. Russia, which also has links to Myanmar, reiterated that the council shouldn’t be interfering in the country’s internal affairs.
Persons: Alounkeo Kittikhoun, —, Kittikhoun, Britain’s U.N, Barbara Woodward, Myanmar’s, Aung, Suu Kyi, United States —, Saleumxay Kommasith, Win Myint, U.N, Kyaw Moe Tun, Suu Kyi’s Organizations: UNITED NATIONS, United Nations Security Council, Association of Southeast Asian Nations, ASEAN, Lao, Arakan Army, Bangladesh, Myanmar’s Border Guard Police, Democratic, Amnesty Locations: Myanmar, ASEAN, Laos, Suu, China, Ecuador, France, Japan, Malta, South Korea, Slovenia, Switzerland, United Kingdom, United States, Thailand, Rakhine, Bangladesh, Arakan, U.S, Union, Vietnam, Russia
☆ Your next plane ride could be powered by used cooking oil. Here's how a refinery in Singapore is already helping to make it happen.
  + stars: | 2024-02-02 | by ( Sponsor Post | ) www.businessinsider.com   time to read: +7 min
Sustainable aviation fuel is an alternative to fossil-based jet fuel made from refining used cooking oil and waste animal fats. Further expansion efforts happening at Neste's renewable refinery in The Netherlands are anticipated to boost capacity to a whopping 2.2 million tons by 2026. The results indicated the company's readiness to incorporate renewable fuel into its fuel mix. The Association of Asia-Pacific Airlines (AAPA), comprising 14 member airlines, including Singapore Airlines, pledged to use up to 5% SAF by 2030. In 2024, Singapore plans to launch the Singapore Sustainable Hub Blueprint, aiming to bolster the market for SAF.
Persons: Kris LeBoutillier, he's, Sami Jauhiainen, Jauhiainen, Neste Organizations: SAF, Virgin, Neste, Aviation, Renewable Aviation, Research, ASTM, Jauhiainen, Innovation, Singapore Airlines, United Airlines, Air France, KLM, All Nippon Airways, The Association of Asia, Pacific Airlines, Insider Studios, Singapore Economic Development Board Locations: Finland, Singapore, Asia, London, New York City, Emirates, Tuas, Buffalo, Netherlands, Changi, Neste
☆ Africa’s Biggest Oil Refinery Begins Production in Nigeria With the Aim of Reducing Need for Imports
  + stars: | 2024-01-15 | by ( Associated Press | Jan. | At A.M. | ) www.usnews.com   time to read: +2 min
ABUJA, Nigeria (AP) — Africa’s biggest oil refinery has begun production in Nigeria, the company has said, ending a yearslong wait for a plant that analysts said Monday could boost refining capacity in a region heavily reliant on imported petroleum products. The $19 billion facility, which has a capacity to produce 650,000 barrels per day, has started to produce diesel and aviation fuel, the Dangote Petroleum Refinery company reported Saturday. As Nigeria’s first privately owned oil refinery, the project "is a game-changer for our country,” it added. Nigeria is one of Africa’s top oil producers but imports refined petroleum products for its own use. At least 40% of the oil products made there also would be available for export, the company said,.
Persons: —, Nigeria’s, Olufola, Aliko, Dangote Organizations: Dangote Petroleum Refinery, NNPC Locations: ABUJA, Nigeria, Lagos
☆ Travel news: Inside the world’s best, and sexiest, hotels for 2024
  + stars: | 2024-01-13 | by ( Maureen O'Hare | ) edition.cnn.com   time to read: +4 min
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. To calm our nerves, here are some happier tales of globe-spanning love stories, China’s search for a Monkey King and the sexiest new hotels opening in 2024. Here are 24 outrageously sexy new hotels we’re excited about this year, including spots in Italy, Japan and Transylvania. Passalacqua, a luxury hotel on Lake Como, was voted the best hotel in the world at the inaugural World’s 50 Best Hotels awards at the end of last year. Hail the Monkey KingAn employee dressed up as Monkey King at Wuzhishan Scenic Area in the northern Chinese province of Hebei.
Persons: CNN — It’s, —, Angela Renda, Denise Sung, Sebastian, German Sebastian Fuchs, Courtney, Justin Orgias, Covid, It’s, King, There’s Organizations: CNN, Boeing, Resorts, Warner Bros, Pan American World Airways, Shangyou, American Airlines, US Locations: Slovenian, Italy, Japan, Transylvania, Lake Como, London, Taiwan, German, Hong Kong, Chinese, Hebei, Jinjinghouge, Texas
☆ This startup is removing carbon from the air — and here's why JetBlue is backing it
  + stars: | 2024-01-08 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
One of the newest and fastest-growing weapons in the fight against global warming is technology to remove carbon dioxide from the atmosphere, known as direct air capture. Direct air capture is already a growing business, and governments around the world are adding to it, providing tax incentives and grants to help spur the industry forward. Some of the first firms to do it, such as Climeworks and Carbon Capture, use massive fans in the process. Similar to other direct air capture companies, Avnos is benefiting from both government tax credits and direct funding. In addition to JetBlue Ventures, Avnos is backed by Shell Ventures, the Grantham Foundation's Neglected Climate Opportunities Fund and Rusheen Capital Management.
Persons: it's, Will Kain, Avnos, Kain, Amy Burr Organizations: JetBlue Ventures, Avnos, Shell Ventures, Rusheen Capital Management, CNBC PRO Locations: California, Grantham, VCs
☆ Could 'carbon passports' that limit how much we travel be in our future?
  + stars: | 2023-12-05 | by ( Joey Hadden | ) www.businessinsider.com   time to read: +7 min
A recent report on the future of travel includes the concept of a "carbon passport." One tour company is proposing a solution: a "carbon passport" that would limit how much carbon travelers could emit each year. "Carbon passports have taken that idea one step further" because they would involve tracking and limiting travel carbon emissions, specifically, Hawkins added. In reality, a carbon passport would be challenging to implementHawkins and Matt Berna, the president of Intrepid in the Americas, said they didn't see a carbon passport as a quick fix, though. To track your flight's carbon emissions, Berna suggests booking through Google Flights, which has included emissions levels since 2021.
Persons: Paloma Zapata —, Zapata, Alex Hawkins, Hawkins, Matt Berna, Berna, it's, Anna Abelson, Jonathan M, Thierry Monasse, there's Organizations: Future Laboratory, Intrepid, Environmental Protection Agency, Sustainable Travel International, Business, The, Laboratory, Tisch Center of Hospitality, New York University, Airlines, International Air Transport Association, Wizz, Google, European Environment Locations: Americas, Greece, Italy, Albania
☆ Will guilt-free long-haul flights ever be possible? Here’s what we know
  + stars: | 2023-12-04 | by ( Jacopo Prisco | ) edition.cnn.com   time to read: +13 min
Sustainable aviation fuel, or SAF, is a type of alternative jet fuel that can curb carbon emissions by up to 80%. The main reason for the slow adoption is that it’s still more expensive – between 1.5 to 6 times pricier than regular jet fuel. Boeing is not out of the race either, but doesn’t see a hydrogen long-haul plane as around the corner. On medium- and long-haul flights, we don’t see it as a direct source of propulsion until 2040. We would need to see magnitude-order changes [in batteries] for us to consider those for long-haul flights.
Persons: ”, Gary Crichlow, Gökçin Çınar, Ryan Faucett, Alexandre Doumenjou, Andreas Schäfer, Britten, “, Artemis, that’s, Boeing’s Faucett, “ You’re, Schäfer Organizations: CNN — Aviation, Boeing, “, Aviation Environment Federation, SAF, Airbus, University of Michigan, CNN, Virgin Atlantic, University College London, Cranfield Aerospace, Norman, Engineers, NASA, Critchlow Locations: London, Bangkok, New York, California, ZeroAvia
☆ Here’s how activist Elliott could build shareholder value amicably at Phillips 66
  + stars: | 2023-12-02 | by ( Kenneth Squire | ) www.cnbc.com   time to read: +6 min
Business: Phillips 66 is an energy manufacturing and logistics company. Percentage Ownership: n/a Average Cost: n/a Activist Commentary: Elliott is a very successful and astute activist investor. On Wednesday, Elliott sent a letter to Phillips 66, announcing that it has taken a $1 billion stake and is seeking up to two board seats. While we do not generalize like that, it is hard to imagine a more amicable and constructive activist campaign than what Elliott is proposing at Phillips 66. When implemented, Phillips 66 saw costs increase relative to peers, burning shareholders' confidence in the management team's ability to achieve its goals.
Persons: Phillips, Elliott, Mark Lashier, Ken Squire Organizations: Phillips, Chevron Phillips Chemical, Valero Energy, Marathon Petroleum, Valero, 13D Locations: Chevron, U.S, Europe, COOs
☆ Ukraine predicted where Russia would reroute trains after it blasted the railroad connecting Russia and China, and then attacked again, report says
  + stars: | 2023-12-02 | by ( Alia Shoaib | ) www.businessinsider.com   time to read: +2 min
Ukraine's security service attacked a major railroad connecting Russia and China, reports say. A Ukrainian official told the BBC they had preempted the diversion, and Russians fell into the "trap." AdvertisementUkraine's security service attacked a railway line deep inside Russia in an act of sabotage and then attacked again when the trains were diverted. Speaking about the act of sabotage, a Ukrainian official told Politico: "This is the only serious railway connection between the Russian Federation and China. Aviation fuel on the second train spilled over 150 square meters, or over 1600 square feet, Politico reported.
Persons: —, Ukraine's, Baza Organizations: BBC, Service, Security, Russian Telegram, Russian Railway, Politico, Russian Federation and, Aviation Locations: Russia, China, Russia's, Ukraine, Russian Federation and China
☆ Australia pension funds call for reforms to encourage green energy investment at home
  + stars: | 2023-12-01 | by ( Lewis Jackson | Thomson Reuters | Reports On Breaking News In Australia | ) www.reuters.com   time to read: +2 min
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. Australia's electricity transmission network, batteries and sustainable aviation fuel are three areas where simplified planning, subsidised finance and other regulatory changes could catalyse investment, according to a report released by eight major pension funds. Changes could quickly unlock A$4 billion ($2.7 billion) worth of investment in batteries, the report said. Once passive managers who predominantly invested at home, Australian pension funds have become international heavyweights, managing A$2.4 trillion - the fourth largest pool of retirement savings by country globally. Australian pension fund Aware Super committed A$10 billion.
Persons: David Gray, Paul Schroder, David Neal, Lewis Jackson, Edwina Gibbs Organizations: Infigen, REUTERS, Rights, Labor, Thomson Locations: Lake George, Canberra, Australia, U.S, EU, Korea, Canada
☆ Ukraine set off 4 explosive devices on a freight train operating on the only major railroad connecting Russia and China: report
  + stars: | 2023-12-01 | by ( Thibault Spirlet | ) www.businessinsider.com   time to read: +3 min
Ukraine targeted a freight train with four explosive devices, an unnamed source told CNN. It is the only major railroad connecting Russia and China for military supplies, per Russian media. "The explosion is yet another successful special operation by the SBU," the source told CNN. AdvertisementUkraine set off four explosive devices on a freight train operating on the only major railroad connecting Russia and China, CNN reported , citing an unnamed Ukrainian defense source. AdvertisementThe railway line, the source added, is the "only major railroad connection between Russia and China."
Persons: —, Sovetskaya Gavan Organizations: CNN, Service, Ukraine's Security Services, Siberian Travel Company, Trade, Kremlin, Telegraph, Politico Locations: Ukraine, Russia, China, Buryatia, Baikal, Amur, Russian, Tayshet, Sovetskaya, Itykit, Politico Europe
☆ Opinion | Bill Gates: Fighting Climate Change Should Be Affordable. The Rich Can Make It So.
  + stars: | 2023-12-01 | by ( Bill Gates | ) www.nytimes.com   time to read: +2 min
The other says we’re all going to be fine because we already have everything we need to solve climate change. But to overcome climate change, we need rich individuals, companies and countries to step up to ensure green technologies are affordable for everyone, everywhere — including less wealthy countries that are large emitters, like China, India and Brazil. Let’s start with what rich individuals, like me, can do to help. They should be investing in companies that are developing transformative green solutions — especially solutions that have potential but are currently underfunded, including green hydrogen and carbon management. Very wealthy individuals should also be making changes to their lifestyles to bring their emissions close to zero.
Persons: We’re Organizations: Let’s Locations: COP28, Dubai, China, India, Brazil
☆ Biden Administration Proposes Biggest Changes to Lead Pipe Rules in More Than Three Decades
  + stars: | 2023-11-30 | by ( Associated Press | Nov. | At A.M. | ) www.usnews.com   time to read: +6 min
It is the strongest overhaul of lead rules in more than three decades, and will cost billions of dollars. The Biden administration has previously said it wants all of the nation’s roughly 9 million lead pipes to be removed, and rapidly. Lead pipes connect water mains in the street to homes and are typically the biggest source of lead in drinking water. The Biden administration says investment is vital to fix this injustice and ensure everyone has safe, lead-free drinking water. A home with dangerous lead levels can be next to a house with no lead exposure at all.
Persons: Biden, ”, Mona Hanna, Radhika Fox, Erik Olson, “ We’re, Fox, Donald Trump's, ” ___ Matthew Daly Organizations: Environmental Protection Agency, EPA, Natural Resources Defense Council, The Association of Metropolitan Water Agencies, Washington , D.C, Associated Press, Walton Family Foundation, AP Locations: U.S, Flint , Michigan, Washington, Flint, Michigan, Benton Harbor , Michigan, Newark , New Jersey, Washington ,
☆ Biden administration proposes biggest changes to lead pipe rules in more than three decades
  + stars: | 2023-11-30 | by ( ) www.cnbc.com   time to read: +6 min
It is the strongest overhaul of lead rules in more than three decades, and will cost billions of dollars. The Biden administration has previously said it wants all of the nation's roughly 9 million lead pipes to be removed, and rapidly. Lead pipes connect water mains in the street to homes and are typically the biggest source of lead in drinking water. The Biden administration says investment is vital to fix this injustice and ensure everyone has safe, lead-free drinking water. A home with dangerous lead levels can be next to a house with no lead exposure at all.
Persons: Biden, Mona Hanna, Radhika Fox, Erik Olson, Fox, Donald Trump's Organizations: Environmental Protection Agency, EPA, Natural Resources Defense Council, The Association of Metropolitan Water Agencies Locations: Flint, Flint , Michigan, U.S, Washington, Michigan, Benton Harbor , Michigan, Newark , New Jersey
☆ Airlines Race Toward a Future of Powering Their Jets With Corn
  + stars: | 2023-11-30 | by ( Max Bearak | Dionne Searcey | Mira Rojanasakul | ) www.nytimes.com   time to read: +19 min
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