Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "International Energy Agency"


25 mentions found


A Land Rover Defender sits on display on the opening day of the IAA Frankfurt Motor Show in Frankfurt, Germany, on September 10, 2019. In an announcement, the company — which is owned by Tata Motors — described fuel cell electric vehicles as being "complimentary to battery electric vehicles … on the journey to net zero vehicle emissions." Jaguar Land Rover said Tuesday it was working on the prototype of a hydrogen fuel cell electric vehicle, with testing of the concept slated to start later this year. The business also said its Land Rover segment would roll out six "pure electric variants" over the next five years. Jaguar Land Rover is not the only automotive company to look at hydrogen-powered vehicles.
Persons: Hydrogen's, Ralph Clague, Clague Organizations: Rover, IAA, Tata Motors, Rover Defender, International Energy Agency, Toyota, Honda Locations: Frankfurt, Germany, London, Aberdeen
In a statement, United said the Overture aircraft — which is yet to be built — was set to be "optimized to run on 100% sustainable aviation fuel." "We need to focus on the longer range flights, flights greater than 1,000 kilometers, flights greater than 3,000 kilometers in particular." It's on these longer journeys that sustainable aviation fuel could have a significant role to play in the future. "If what you're doing … to produce sustainable aviation fuel is transporting fuel right across the world using feedstocks from the other side of the planet, then is it really sustainable?" "The big effort at the moment is looking at how you can produce sustainable aviation fuels in a … green way."
Persons: Iain Gray, United, Wright, Gray, Cranfield's Iain Gray, Eurocontrol, Jo Dardenne, Cranfield's Gray, Dardenne Organizations: Cranfield University, CNBC, World Wildlife Fund, International Energy Agency, Airbus, Transport & Environment, European Union Aviation Safety Agency, SAF, International Aviation, European Union Locations: England, Brussels
Oil Hits Pandemic High as Investors Bet on Green Energy
  + stars: | 2021-06-14 | by ( Amrith Ramkumar | Joe Wallace | ) www.wsj.com sentiment -0.98   time to read: +1 min
Some investors are wagering that Wall Street’s preference for green energy will depress spending on oil extraction, setting the stage for supply shortages and higher fuel prices. The bets come as money managers line up trillions of dollars for wind, solar and other renewable programs and expenditures on oil projects tumble. The drop in fossil-fuel spending is becoming so severe that energy companies could struggle to quench the world’s thirst for oil, some analysts say. Spending on oil extraction fell last year to about $330 billion, less than half the total from its 2014 record, according to research firm Wood Mackenzie. That figure is expected to rise just modestly this year and in the years ahead.
Persons: Wood Mackenzie Organizations: Organization of, Petroleum, International Energy Agency
Oil Price Hits Pandemic High as Investors Bet on Green Energy
  + stars: | 2021-06-14 | by ( Amrith Ramkumar | Joe Wallace | ) www.wsj.com sentiment -0.98   time to read: +1 min
Some investors are wagering that Wall Street’s preference for green energy will depress spending on oil extraction, setting the stage for supply shortages and higher fuel prices. The bets come as money managers line up trillions of dollars for wind, solar and other renewable programs and expenditures on oil projects tumble. The drop in fossil-fuel spending is becoming so severe that energy companies could struggle to quench the world’s thirst for oil, some analysts say. Spending on oil extraction fell last year to about $330 billion, less than half the total from its 2014 record, according to research firm Wood Mackenzie. That figure is expected to rise just modestly this year and in the years ahead.
Persons: Wood Mackenzie Organizations: Organization of, Petroleum, International Energy Agency
Oil prices rise as demand improves, supplies tighten
  + stars: | 2021-06-14 | by ( Bozorgmehr Sharafedin | ) www.reuters.com sentiment -0.82   time to read: +2 min
LONDON (Reuters) -Oil prices rose on Monday, hitting their highest levels in more than two years supported by economic recovery and the prospect of fuel demand growth as vaccination campaigns in developed countries accelerate. REUTERS/Nick OxfordBrent was up 85 cents, or 1.2%, at $73.54 a barrel by 0908 GMT, their highest since April 2019. IEA urged the Organization of the Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, to increase output to meet the rising demand. The OPEC+ group has been restraining production to support prices after the pandemic wiped out demand in 2020, maintaining strong compliance with agreed targets in May. [RIG/U]It was the biggest weekly increase of oil rigs in a month, as drilling companies sought to benefit from rising demand.
Persons: Nick Oxford Brent, , , Stephen Brennock, Baker Hughes Organizations: REUTERS, . West Texas Intermediate, International Energy Agency, IEA, Organization of, Petroleum Locations: Midland , Texas, U.S, North America, Europe, OPEC, . U.S
NEW YORK (Reuters) - Oil prices rose on Monday, hitting their highest levels in more than two years, supported by economic recovery and the prospect of fuel demand growth as vaccination campaigns in developed countries accelerate. FILE PHOTO: The moon rises behind the storage tanks of a local oil refinery in Omsk, Russia June 5, 2020. “The two leading crude markers are trading at (almost) two-and-a-half-year highs amid a potent bullish cocktail of demand optimism and OPEC+ supply cuts,” said Stephen Brennock of oil broker PVM. Graphic: Oil Demand/Supply balance -On the supply side, heavy maintenance seasons in Canada and the North Sea also helped prices stay high, said Rystad Energy analyst Louise Dickson. [RIG/U]It was the biggest weekly increase of oil rigs in a month, as drilling companies sought to benefit from rising demand.
Persons: Alexey Malgavko Brent, , , Stephen Brennock, Louise Dickson, ” Dickson, Baker Hughes Organizations: YORK, REUTERS, . West Texas Intermediate, International Energy Agency, IEA, Organization of, Petroleum, Rystad Energy Locations: Omsk, Russia, North America, Europe, OPEC, Canada, North, U.S
NEW YORK (Reuters) - Oil prices ended mostly unchanged on Monday, after hitting their highest levels in more than two years, as growing U.S. crude production and Britain’s delayed COVID-19 reopening dampened expectations for fuel demand growth and tighter supplies. FILE PHOTO: The moon rises behind the storage tanks of a local oil refinery in Omsk, Russia June 5, 2020. U.S. West Texas Intermediate fell 3 cents to settle at $70.88 a barrel, after earlier touching $71.78 a barrel, its highest since October 2018. Graphic: Oil Demand/Supply balance -Heavy maintenance seasons in Canada and the North Sea also have helped prices, said Rystad Energy analyst Louise Dickson. The firm estimates about 330,000 bpd of oil and condensate supply is offline at Canada oil sands projects, along with another 370,000 bpd offline in the North Sea.
Persons: Britain’s, Alexey Malgavko, , , Phil Flynn, ” Brent, Louise Dickson Organizations: YORK, REUTERS, U.S . Energy Information Administration, Price Futures Group, . West Texas Intermediate, International Energy Agency, IEA, Organization of, Petroleum, Rystad Energy Locations: Omsk, Russia, Chicago, OPEC, North America, Europe, Britain, Canada, North
Oil prices climb as demand outlook improves, supplies tighten
  + stars: | 2021-06-14 | by ( Aaron Sheldrick | ) www.reuters.com sentiment -0.96   time to read: +2 min
The moon rises behind the storage tanks of a local oil refinery in Omsk, Russia June 5, 2020. U.S. West Texas Intermediate gained 47 cents, or 0.7%, to $71.38 a barrel, the highest since October 2018. read moreThe OPEC+ group has been restraining production to support prices after the pandemic wiped out demand in 2020, maintaining strong compliance with agreed targets in May. read more"OPEC+ needs to open the taps to keep the world oil markets adequately supplied," the IEA said. It was the biggest weekly increase of oil rigs in a month, as drilling companies sought to benefit from rising demand.
Persons: Alexey Malgavko, Brent, Avtar Sandu, Goldman Sachs, Baker Hughes Organizations: REUTERS, . West Texas Intermediate, Phillip Futures, of, Petroleum, International Energy Agency, Thomson Locations: Omsk, Russia, North America, Europe, India, Singapore, OPEC
Oil holds near multi-year highs amid demand recovery
  + stars: | 2021-06-14 | by ( ) www.cnbc.com sentiment -0.99   time to read: +1 min
An oil pumping jack, also known as a "nodding donkey", in an oilfield near Dyurtyuli, in the Republic of Bashkortostan, Russia, on Thursday, Nov. 19, 2020. Oil prices held near multi-year highs on Monday, underpinned by an improved outlook for demand as increased COVID-19 vaccinations help lift travel curbs. The OPEC+ group has been restraining production to support prices after the pandemic wiped out demand in 2020. U.S. oil rigs rose by six to 365, the highest since April 2020, energy services company Baker Hughes Co said in its weekly report. It was the biggest weekly increase of oil rigs in a month, as drilling companies sought to benefit from rising demand.
Persons: Brent, Goldman Sachs, Baker Hughes Organizations: . West Texas, of, Petroleum, International Energy Agency Locations: Dyurtyuli, Republic of Bashkortostan, Russia, North America, Europe, OPEC, U.S
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. The bids show energy giants continue to have appetite for investing in competitive oil and gas projects despite growing government, investor and activist pressure on the sector to tackle greenhouse gas emissions. The outlook for global LNG supplies tightened sharply in recent months after Total suspended its $20 billion LNG project in Mozambique due to a surge in violence. read moreIt followed a string of delays of LNG projects in North America as COVID-19 hobbled demand last year. read moreQatar is also in talks to make Chinese firms partners in the project, sources told Reuters last month.
Persons: Issei Kato, Conoco, Exxon, LOWER, QP Organizations: REUTERS, Exxon Mobil, Royal, Shell, TotalEnergies, ConocoPhillips, Chevron, Eni, Reuters, Qatar Petroleum, ExxonMobil, International Energy Agency, U.N, European, Total, Global, Qatari, Exxon, Thomson Locations: Futtsu, Tokyo, Japan, Qatar, Shell, Chevron, TotalEnergies, State, Mozambique, North America, Asia
(Reuters) -Oil giant Royal Dutch Shell is reviewing its holdings in the largest oil field in the United States for a possible sale as the company looks to focus on its most profitable oil-and-gas assets and grow its low-carbon investments, according to sources familiar with the matter. Slideshow ( 2 images )The sale could be for part or all of Shell’s about 260,000 acres (105,200 hectares) in the Permian Basin, located mostly in Texas. Shell, BP Plc and TotalEnergies have pledged to lower emissions through increased investment in renewables while divesting some oil and gas holdings. The Permian produces roughly 4.5 million barrels of oil a day, or about 40% of overall U.S. production. Last week, Occidental Petroleum agreed to sell some of its Permian holdings to Colgate Energy for $508 million in a move to reduce its debt.
Persons: Shell, Andrew Dittmar Organizations: Reuters, Royal, Shell, BP Plc, TotalEnergies, International Energy Agency, U.N, Chevron, Exxon Mobil, Occidental Petroleum, Colgate Energy, DoublePoint Energy, Natural Resources, KKR, Independence Energy Locations: United States, Texas, U.S
Oil giant Royal Dutch Shell is reviewing its holdings in the largest oil field in the United States for a possible sale as the company looks to focus on its most profitable oil-and-gas assets and grow its low-carbon investments, according to sources familiar with the matter. The holdings could be worth as much as $10 billion, the sources said, on condition of anonymity because the talks are private. Shell, BP Plc and TotalEnergies have pledged to lower emissions through increased investment in renewables while divesting some oil and gas holdings. Oil majors, including Shell, say the world will need substantial new investment in oil and gas for some years to come to meet demand for motor fuels and chemicals. Last week, Occidental Petroleum agreed to sell some of its Permian holdings to Colgate Energy for $508 million in a move to reduce its debt.
Persons: Shell, Andrew Dittmar, Brian Sullivan Organizations: Royal, Shell, CNBC, Occidental . Shell, BP Plc, TotalEnergies, International Energy Agency, U.N, Chevron, Exxon Mobil, Occidental Petroleum, Colgate Energy, DoublePoint Energy, Natural Resources, KKR, Independence Energy Locations: United States, Texas, U.S
IEA sees OPEC+ spare capacity gaining slightly in 2022
  + stars: | 2021-06-11 | by ( ) www.reuters.com sentiment -1.00   time to read: +2 min
REUTERS/Dado Ruvic/File PhotoThe International Energy Agency expects spare capacity in the OPEC+ alliance to rise by 180,000 barrels per day (bpd) next year to 50.55 million bpd, driven by hikes from Mideast Gulf producers. Capacity is expected to slip for some West African producers, IEA data shows. The IEA anticipates the call on OPEC+ crude to rise by 1.2 million bpd to 43.3 million bpd next year. For the fourth quarters of this year and next, however, the agency expects the figure to rise to 44 million bpd. "OPEC+ effective spare capacity (excluding shut-in Iranian crude) in 2021 would fall to 5 million bpd in the fourth quarter but in 2022 it could stand at 5.1 million bpd given the planned capacity expansions," the IEA said.
Persons: Dado Organizations: REUTERS, International Energy Agency, Mideast Gulf, Organization of, Petroleum Export, West, IEA, ING, Thomson Locations: OPEC, Saudi Arabia, Kuwait, UAE, Iraq, Russia
Slow Vaccinations in Developing World Set to Drag on Oil Demand
  + stars: | 2021-06-11 | by ( David Hodari | ) www.wsj.com + 0.00   time to read: +4 min
At the same time, the world has finally burned off the glut of oil it built up when pandemic restrictions grounded flights and shut factories and restaurants last spring. Photo: christian hartmann/ReutersOil prices wavered early Friday, with Brent crude oil, the global benchmark, up 0.3% at $72.71 a barrel. Both benchmarks hit fresh multiyear highs on Wednesday, with optimism about resurgent demand having held Brent prices above $70 a barrel in recent weeks. Still, the status of Iranian supply represents an unknown for global producers. Should the parties reach an agreement in the coming weeks, Iranian production could rise to full capacity of 3.8 million barrels a day—up 1.4 million barrels from current levels—by the end of next year, the report added.
Persons: hartmann, Brent, Biden’s, David Hodari Organizations: International Energy Agency, IEA, Organization for, Petroleum, Reuters, Brent, Texas Intermediate, U.S Locations: Brazil, India, Malaysia, Covid, Paris, U.S
Oil rises to fresh multi-year highs on demand recovery
  + stars: | 2021-06-11 | by ( Dmitry Zhdannikov | ) www.reuters.com sentiment -0.98   time to read: +1 min
Oil prices rose on Friday to fresh multi-year highs and were set for their third weekly jump on expectations of a recovery in fuel demand in Europe, China and the United States as rising vaccination rates lead to an easing of pandemic curbs. read moreThe International Energy Agency said in its monthly report that OPEC+ oil producers would need to boost output to meet demand set to recover to pre-pandemic levels by the end of 2022. "OPEC+ needs to open the taps to keep the world oil markets adequately supplied," the Paris-based energy watchdog said. It said that rising demand and countries' short-term policies were at odds with the IEA's call to end new oil, gas and coal funding. "Even the jet fuel market is showing signs of improvement, with flights in Europe rising 17% over the past two weeks, according to Eurocontrol," ANZ analysts said.
Persons: Goldman Sachs, Brent, Eurocontrol Organizations: Brent, . West Texas, International Energy Agency, OPEC, ANZ Research, ANZ, Thomson Locations: Europe, China, United States, OPEC, Paris, Saudi Arabia, Russia, North America
Oil hits fresh multi-year highs on demand recovery
  + stars: | 2021-06-11 | by ( Laila Kearney | ) www.reuters.com + 0.00   time to read: +2 min
Oil prices edged up to multi-year highs on Friday, heading for a third straight week of gains on the improved outlook for worldwide demand as rising vaccination rates lead to a lifting of pandemic curbs. Brent crude futures rose 35 cents to $72.87 a barrel by 11:20 a.m. EDT (1520 GMT), a day after closing at their highest since May 2019. U.S. West Texas Intermediate (WTI) crude futures were up 70 cents at $70.99 a barrel, a day after their highest close since October 2018. It said that rising demand and countries' short-term policies were at odds with the IEA's call to end new oil, gas and coal funding. U.S. investment bank Goldman Sachs said it expects Brent crude prices to reach $80 per barrel this summer as vaccine rollouts boost global economic activity.
Persons: Brent, Phil Flynn, Goldman Sachs, Eurocontrol, Baker Hughes Organizations: Brent, U.S . West Texas, Price Futures Group, The International Energy Agency, Organization of Petroleum, OPEC, ANZ Research, ANZ, Energy, Thomson Locations: U.S, Chicago, OPEC, Paris, Saudi Arabia, Russia, North America, Europe
Oil hits multi-year highs in third weekly gain on demand recovery
  + stars: | 2021-06-11 | by ( Laila Kearney | ) www.reuters.com + 0.00   time to read: +2 min
Oil prices reached fresh multi-year highs on Friday, closing out a third straight week of gains on an improved outlook for worldwide demand as rising COVID-19 vaccination rates help lift pandemic curbs. Brent crude futures settled at $72.69 a barrel, rising 17 cents after reaching their highest since May 2019. U.S. West Texas Intermediate (WTI) crude futures settled at$70.91 a barrel,up 62 cents, settling at their highest since October 2018. It said that rising demand and countries' short-term policies were at odds with the IEA's call to end new oil, gas and coal funding. U.S. investment bank Goldman Sachs (GS.N) said it expects Brent crude prices to reach $80 per barrel this summer as vaccine rollouts boost global economic activity.
Persons: Brent, WTI, Phil Flynn, Goldman Sachs, Andy Lipow, Eurocontrol, Baker Hughes Organizations: Brent, U.S . West Texas, Price Futures Group, The International Energy Agency, of, Petroleum, OPEC, Lipow Oil Associates, ANZ Research, ANZ, Thomson Locations: U.S, Chicago, OPEC, Paris, Saudi Arabia, Russia, North America, Europe, Houston
OPEC+ will need to boost output to meet 2022 demand recovery -IEA
  + stars: | 2021-06-11 | by ( Noah Browning | ) www.reuters.com sentiment -0.99   time to read: +2 min
The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. OPEC+ agreed in April to gradually ease oil output cuts from May to July and confirmed the decision at a meeting on June 1. "If sanctions on Iran are lifted, an additional 1.4 million bpd could be brought to market in relatively short order." "This roadmap notes that most pledges by countries are not yet underpinned by near‐term policies and measures," the IEA said on Friday. "Oil demand looks set to continue to rise, underlining the enormous effort required to get on track to reach stated ambitions."
Persons: Ramzi Boudina Organizations: Organization of, Petroleum, REUTERS, International Energy Agency, OPEC, IEA, Thomson Locations: Algiers, Algeria, OPEC, Paris, Saudi Arabia, Russia, Iran,
But it’s not just the climate that’s changed in the last few years; it’s also the political climate. That’s why the International Energy Agency said last month that new fossil fuel investment must end this year. But the Biden administration also has to take a hard look at any new infrastructure, from liquefied natural gas export terminals on the Oregon coast to gas compressor stations in suburban Boston. But the polls make clear that the people who elected Mr. Biden expect action on the climate. He can’t go backward; the climate test of 2015 means that Line 3 in 2021 is an anachronism that must be blocked.
Persons: it’s, Mr, Biden, Enbridge, Bill McKibben, Organizations: Customs, Border Protection, Army Corps of Engineers, The, Justice, International Energy Agency, Keystone, Middlebury College Locations: U.S, Paris, Oregon, Boston, Mississippi
So-called "green" hydrogen production using onshore wind turbines could achieve price parity with fossil-based hydrogen by the year 2030, according to a white paper from Siemens Gamesa Renewable Energy. In a statement on Wednesday the firm — a major player in wind turbines — also said that green hydrogen produced using wind from the offshore sector could achieve price parity by 2035. Currently, however, the vast majority of hydrogen generation is based on fossil fuels, and green hydrogen is expensive to produce. In recent times, a number of major industrial firms have announced plans to integrate green hydrogen into their operations. "We believe this activity amounts to a paradigm shift which will see green hydrogen — hydrogen created from the electrolysis of water using renewable energy — emerge as a key element of the energy transition," he added.
Persons: Andreas Nauen, Jennifer M, Granholm, Ben Gallagher, Wood Mackenzie Organizations: Siemens Gamesa Renewable Energy, Siemens, International Energy Agency, European Union, U.S . Department of Energy, Energy Earthshots Initiative, DOE, U.S . Energy Locations: U.S
HOUSTON (Reuters) - The recent overhaul of Exxon Mobil Corp’s board of directors could shift billions of dollars in spending and strategy over several years, but any changes likely will take time, analysts and investors say. Investors who rejected Exxon’s view of a slow transition to lower-carbon fuels also want spending to be revisited, they said. Exxon’s board has been a prestige post for former CEOs, typically without any energy experience. New directors with energy experience likely will address Exxon’s spending “far more vigorously,” said Anne Simpson, investment director at shareholder California Public Employees’ Retirement System. The shakeup puts in play billions of dollars in shale, liquefied natural gas, refining and chemical projects.
Persons: Sergio Moraes, Jeff Ubben, Critics, , Anne Simpson, Bess Joffe, , David Larcker, “ It’s, ” Larcker, Ursula Burns, Burns, ” Burns, Ruaraidh Montgomery, Tom Ellacott, Wood Mackenzie, Peter McNally, Stewart Glickman Organizations: HOUSTON, Exxon Mobil, Exxon Mobil Corp, Oil, Gas Expo, REUTERS, Exxon, California Public, Investors, International Energy Agency, Corporate Governance Research, Stanford Graduate School of Business, Federal Reserve Bank of Dallas, Xerox Corp, Energy, CFRA Research Locations: Rio de Janeiro, Brazil, United States, Canada, Argentina, England, Guyana, U.S, Asia
Shell to step up energy transition after landmark court ruling
  + stars: | 2021-06-09 | by ( Ron Bousso | ) www.reuters.com + 0.00   time to read: +3 min
Shell plans to appeal the May 26 court ruling that ordered it to reduce greenhouse gas emissions by 45% by 2030 from 2019 levels, significantly faster than its current plans. But the court ruling applies immediately and cannot be suspended before the appeal, van Beurden said in a LinkedIn post here. “For Shell, this ruling does not mean a change, but rather an acceleration of our strategy,” van Beurden said. The ruling by the court in The Hague, where Shell is headquartered, could trigger action against energy companies around the world. People would fill up their cars and delivery trucks at other service stations,” van Beurden said.
Persons: Ben van Beurden, Shell, van Beurden, ” van Beurden, , Organizations: Royal, Royal Dutch Shell, Shell, International Energy Agency, U.N Locations: Royal Dutch, The Hague
Big Smoke offers Big Oil tips to avoid dodo status
  + stars: | 2021-06-09 | by ( ) www.reuters.com + 0.00   time to read: +4 min
Big Oil is staring dodo status in the face. Tobacco’s dodo moment came in 1998, when U.S. prosecutors signed the Tobacco Master Settlement Agreement, requiring the sector to pay extensive health damages. Oil majors like Shell and Total, whose transitions hinge on ramping up natural gas that is merely less polluting, face a similar problem. Unlike new-age tobacco products, it’s a more straightforward win for ESG investors. - But the court ruling applies immediately and cannot be suspended before the appeal, van Beurden said in a LinkedIn post.
Persons: Philip Morris, dodo, Bernstein, Ben van Beurden, van Beurden Organizations: REUTERS, Angus Mordant Companies Exxon Mobil Corp, Royal Dutch Shell Plc, Philip Morris International Inc, American Tobacco Plc, International Energy Agency, Exxon Mobil, Royal, Shell, Tobacco, Exxon, Philip Morris International, British, PMI, Royal Dutch Shell, Thomson Locations: Loving County , Texas, U.S, Royal Dutch
U.S. stock futures wavered, suggesting major indexes would turn in a mixed performance after the opening bell in an extension of the recent choppy but range-bound trading. Figures on job openings are scheduled to be published at 10 a.m.Casey’s General Stores and American Software are due to report earnings after the stock market closes. Market Movers to WatchShares of Clover Health Investments soared after emerging as the latest target for retail traders on Reddit forums. Shares had rallied in recent weeks after analysts at Morgan Stanley and BMO Capital markets had raised their target prices for the stock. The once-obscure corner of the market has boomed this year, with many new investors trying their hands during the pandemic shutdowns.
Persons: Tony Tiscornia, Fastly, Carey, Morgan Stanley Organizations: Dow Jones, Nasdaq, Casey’s, Software, Movers, Clover Health, Coupa Software, China Passenger Car Association, Marvell Technology, Equity, BMO Capital, Traders, AMC Entertainment Holdings, Trust, Tesla Inc, Cboe, International Energy Agency ., AMC Entertainment, GameStop Locations: premarket, U.S, Europe, Shanghai, China
Mining Companies Call Themselves Green in Push for Investor Cash
  + stars: | 2021-06-08 | by ( Scott Patterson | ) www.wsj.com + 0.67   time to read: +1 min
Mining companies are trying to tap into the flood of cash targeting green investments by touting their production of materials that go into wind turbines, power lines and batteries. They are playing down the environmental impact of their operations and, for many of them, their big businesses mining coal. Demand for lithium used in batteries, for instance, is expected to expand by a factor of 30 by 2030, according to the IEA. Cobalt and nickel also will be needed for batteries while copper will be used by transmission lines, electric vehicles and wind turbines. London-based Anglo American “will be part of the solution” by providing the commodities required by the transition away from fossil fuels, he said.
Persons: , Mark Wade, Mark Cutifani Organizations: International Energy Agency, IEA, , Allianz Global Investors, American, of America Locations: London, American
Total: 25