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☆ Top business leaders bemoan archaic systems in Europe that are curbing climate solutions
▼ + stars: | 2024-01-26 | by ( Vicky Mckeever | ) www.cnbc.com time to read: +2 min

Ester Baiget, the CEO of biosolutions firm Novozymes, said that "roadblocks" usually stand in the way of companies producing sustainable solutions which needed to be removed. watch nowMicrobes have been put forward as an alternative to reduce the use of chemical fertilizers, which contribute to greenhouse gas emissions. However, new microbial fertilizers need to go through regulatory approval before going to market. We need to rethink regulation in regions like Europe." Kadri also said there was a "lack of competitiveness in Europe," referring to the difficulties faced by her sector.

Persons: Lukas Schulze, Ester Baiget, Novozymes, Baiget, Steve Sedgwick, Ilham Kadri, Kadri Organizations: Getty, CNBC, Economic Locations: Bergheim, Germany, Davos, Switzerland, Europe

☆ Russia has the advantage, and Ukraine needs to dig in if it's going to fend off the enemy's war machine, conflict experts say
▼ + stars: | 2024-01-26 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Russian maintains several advantages over Ukraine, including manpower and material, experts say. To keep Moscow's forces at bay, Kyiv will need to dig in and strengthen its defenses, they said. AdvertisementNearly two years into its full-scale invasion of Ukraine, Russia again has the initiative, and its advantages over Ukraine are mounting. They're struggling as the Russian war machine gains momentum. "Ideally," the experts explained, "Ukraine can absorb Russian offensives while minimizing casualties and position itself to retake the advantage over time."

Persons: —, Michael Kofman, Dara Massicot, Rob Lee, They're, Congress —, Biden, Elif, Dmytro Smolienko, Vladimir Putin, Pat Ryder, Kostiantyn, Lee, Massicot Organizations: Service, Carnegie Endowment, International Peace, Foreign Policy Research Institute, Russian, Roman, Getty, Kyiv, Congress, American, Publishing, Getty Images, Pentagon, Ukraine Locations: Ukraine, Kyiv, Russia, Moscow, Ukrainian, Donetsk Oblast, Washington, Anadolu, Russian, Avdiivka, Kreminna, Kofman

☆ Gold could be poised for another record-setting year. This obscure part of the market may see big gains
▼ + stars: | 2024-01-26 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +7 min

Investors betting on another strong year for gold may want to look at an obscure part of the market: gold streaming and royalty companies. "The profitability of the gold companies wasn't keeping pace with the rise in the gold price." MacRury echoed this sentiment, pointing to historical context as a reason he believes gold prices could hurtle towards new highs. "Past easing cycles over the last 20+ years have corresponded with strong gold prices, and we expect to see gold set new record highs in 2024," he wrote. Shares of Royal Gold popped 7% in 2023, but are down more than 10% in the past 12 months.

Persons: Carey MacRury, Adam Rozencwajg, Canaccord's, Rozencwajg, it's, MacRury, Leigh Goehring, Osisko Organizations: Barrick, CNBC, Royal, Miners, Royal Gold, Barrick Gold, Federal Reserve, Franco, Wheaton Precious Metals Locations: Newmont, Franco, Nevada, Brazil, Russia, China, India, Panama, Wheaton, U.S

☆ Uranium prices could rally past 16-year highs as the world's largest producer runs short
▼ + stars: | 2024-01-25 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

And that's about to send uranium prices, already at 16-year highs, on another rally. Sulfuric acid is critical in the extraction process as it is used to leach and recover uranium from raw ore. Kazatomprom is the world's leading uranium miner, accounting for over one-fifth of the world's production. Kazakhstan also produces 43% of the world's uranium supply, the largest slice of the global market for the heavy metal. Around 60 nuclear power reactors are under construction in 17 countries and another 110 are in the planning stages. Citibank expects uranium prices to average $110 per pound in 2025.

Persons: Guy Keller, Uranium, Jefferies, Janos Kummer Organizations: Corbis, Tribeca, Citibank, Getty Locations: India, Pallava, Kazakh, Kazakhstan, Canada, France, Niger, Tribeca, Asia, China, Slovakia

☆ Dozens Feared Dead in Collapse of Informal Gold Mine in Mali
▼ + stars: | 2024-01-24 | by ( Elian Peltier | More About Elian Peltier | ) www.nytimes.com time to read: +1 min

Scores of people have died in the West African nation of Mali after an informal gold mine collapsed last week, the country’s Ministry of Mines said on Wednesday, highlighting the risks that countless artisanal miners face in one of Africa’s largest gold-producing countries. Several West African countries have experienced a new boom in informal mining, also known as artisanal mining, over the past two decades. It has provided a livelihood to thousands of people, fed trafficking routes and attracted armed groups. In northern Mali, for instance, Tuareg rebels and insurgents affiliated with Al Qaeda control mining sites. About six tons came from artisanal mining.

Persons: Seydou Traoré Organizations: country’s Ministry of Mines, Associated Press, Al Locations: West African, Mali, Bamako, Al Qaeda

BAMAKO, Mali (AP) — An unregulated gold mine collapsed late last week in Mali, killing more than 70 people, an official said Wednesday, and a search continued amid fears that the toll could rise. Artisanal miners — small-scale, informal ones — are often accused of ignoring safety measures, especially in remote areas. Political Cartoons View All 253 Images“The state must bring order to this artisanal mining sector to avoid these kinds of accidents in the future,” Berthé said. Artisanal gold mining is estimated to produce around 30 tons of gold a year, and represents 6% of Mali’s annual gold production. The country also has an estimated 2 million gold miners operating in around 300 artisanal mining sites, Pona said.

Persons: Karim Berthé, Abdoulaye Pona, ” Berthé, “, Pona Organizations: and Mining Directorate, Associated Press, Mali Chamber of Mines, Mines, International Trade Administration, U.S . Department of Commerce, of Mines Locations: BAMAKO, Mali, Kangaba district, Koulikoro, Africa’s, Bamako, “

☆ More Than 40 Killed in Artisanal Mine Collapse in Southwest Mali - Mines Ministry
▼ + stars: | 2024-01-24 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

BAMAKO (Reuters) - More than 40 artisanal gold miners were killed in southwest Mali last week after the shaft they were working in collapsed, Mali's mines ministry said on Wednesday. Deadly accidents are frequent as artisanal miners often use old-fashioned and unregulated methods of digging. The incident in Mali occurred on Friday on a site in the Kangaba Cercle in the south-western Koulikoro Region, the mines ministry said in a statement on Tuesday that did not specify the number of deaths. A spokesperson for the ministry, Baye Coulibaly, said via telephone on Wednesday that the death toll was still provisional. According to mines ministry data, an estimated six tonnes of gold was produced in artisanal mines in Mali in 2023.

Persons: Baye Coulibaly, Coulibaly, Tiemoko Diallo, Anait Miridzhanian, Sofia Christensen, Alex Richardson Locations: BAMAKO, Mali, West Africa, Kangaba, Koulikoro Region

☆ Core Scientific returns to Nasdaq as Wall Street shows renewed love for bitcoin mining
▼ + stars: | 2024-01-23 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

Just over a year after the crypto winter sent bitcoin miner Core Scientific spiraling into bankruptcy, the Texas-based company is back on the Nasdaq. Even in bankruptcy, Core invested in developing its infrastructure. The public markets have been going big in mining since bitcoin started rebounding. Bitcoin miners have pared back gains in the last few weeks as the price of bitcoin has fallen, and in April, a market-moving event dubbed the "halving" will cut the prize that miners receive in half. "We recommend achieving Bitcoin exposure via Bitcoin miners."

Persons: bitcoin, Adam Sullivan, Core, noteholders, Sullivan, Blockchain, CleanSpark, it's, Bernstein Organizations: Nasdaq, Trading, CNBC, Marathon, Research, Lightning Locations: Texas, U.S, — Texas, North Dakota, North Carolina Georgia, Kentucky, bitcoin

JERUSALEM (AP) — Iran is “very directly involved” in ship attacks that Yemen's Houthi rebels have carried out during Israel's war against Hamas, the U.S. Navy's top Mideast commander told The Associated Press on Monday. The tempo of Houthi attacks on shipping appears to have slowed for the time being as the U.S. and its allies have increased their naval patrols in the region. A series of attacks blamed on Iran and ship seizures by Tehran followed the collapse of Iran's nuclear deal with world powers. However, Cooper maintained Iran had been directly fueling the Houthi attacks on shipping. There’s no secret there.”Cooper described the ship attacks striking the Mideast as the worst since the so-called Tanker War of the 1980s.

Persons: Yemen's, Adm, Brad Cooper, Cooper, ”, Houthi, that's, Israel —, they’re resourcing, ” Cooper, George Wikoff Organizations: JERUSALEM, Hamas, Associated Press, AP, United Nations, U.S ., Fleet, United, United Arab Emirates, 5th Fleet, Navy, military's, Command Locations: Iran, U.S, Tehran, Aden, Persian, Hormuz, Yemen's, Sanaa, Iranian, Suez, Asia, Europe, Saudi, Israel, Africa's, Egypt, Gulf, Gaza, Washington, America, American, Yemen, Abu Dhabi, United Arab, Bahrain

Political Cartoons View All 253 ImagesThe news is a major blow to Port Talbot, a town of about 35,000 people whose economy has been built on the steel industry since the early 1900s. At its height in the 1960s, the Port Talbot steelworks employed around 20,000 people, before cheaper offerings from China and other countries hit production. More than 300,000 people worked in Britain’s steel industry in 1971; by 2021 it was about 26,000. Last year the U.K. government gave Tata up to 500 million pounds ($634 million) to make the Port Talbot steelworks greener. “We saw it with the coal industry and now it is happening again with the steel industry.

Persons: ”, T.V, Narendran, Port, Tata, “, Tata's, Anthony Slaughter Organizations: Tata Steel, Tata, ” Tata Steel, Unions, Port Talbot, Commons Library, Community, Green Party Locations: Port Talbot, Wales, China, Port

☆ Want to work in climate? Look to Georgia and the Carolinas
▼ + stars: | 2024-01-04 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

That figure reflects planned projects in Georgia, South Carolina, North Carolina, Tennessee, and Kentucky. Brian Kemp of Georgia, Roy Cooper of North Carolina, and Henry McMaster of South Carolina. Albemarle, which mines lithium, a key component of EV batteries, plans to build processing plants in South Carolina and open new mining operations in North Carolina. In Georgia, companies have announced at least 26 projects that they estimate could create 14,881 manufacturing jobs. Companies in South Carolina project nearly 11,500 jobs, while more than 8,200 jobs are estimated in North Carolina.

Persons: Bob Keefe, Keefe, who's, Brian Kemp of, Roy Cooper of, Henry McMaster of, Kemp, There's Organizations: Companies, Service, Henry McMaster of South, BMW, Hyundai, South, SK, EV, Mining Locations: Georgia, South Carolina, Business, Carolinas, Georgia , South Carolina, North Carolina , Tennessee, Kentucky, China, Asia, Dalton , Georgia, Atlanta, Savannah, Brian Kemp of Georgia, Roy Cooper of North Carolina, Henry McMaster of South Carolina, Spartanburg, Rivian, Georgia . Albemarle, North Carolina

☆ Red Sea crisis: Who are the Houthis and why are they attacking ships?
▼ + stars: | 2023-12-19 | by ( Christian Edwards | ) edition.cnn.com time to read: +10 min

CNN —Yemen’s Iran-backed Houthi rebels are stepping up their strikes on ships in the Red Sea, which they say are revenge against Israel for its military campaign in Gaza. While the Houthis may not be able to pose a serious threat to Israel, their technology can wreak havoc in the Red Sea. Video Ad Feedback Video shows moment Houthi rebels storm cargo ship in the Red Sea 02:30 - Source: CNNWhy are the Houthis attacking ships in the Red Sea? A number of countries have taken steps to try and push back Houthi aggression in the Red Sea region. The United Nations Security Council has meanwhile approved a resolution calling on Yemen’s Houthi rebel group to “cease its brazen” attacks in the Red Sea.

Persons: CNN —, Israel, Biden, Allah, Hussein, ”, Zaidis, Khaled Abdullah, aren’t, Israel –, Carney, Yemen’s, Joe Biden, ” Biden, “, Houthis “, ” Sare’e, Mohammed al, Al Jazeera Organizations: CNN, CNN — Yemen’s, United, Hamas, Reuters, UN, United Nations Development Programme, United Nations Office, Humanitarian Affairs, Center for Strategic, International Studies, US, Maersk, Lloyd, CMA CGM, Evergreen, United Arab Emirates, Prosperity, United Nations Security Locations: CNN — Yemen’s Iran, Red, Gaza, United States, United Kingdom, Yemen, Iran, Islam, Saudi Arabia, Saudi, Sanaa, Iran’s, Israel, Islamic Republic, Hezbollah, Lebanon, Tehran, Eilat, Suez, Egypt, Hapag, Africa, Russia, China, Britain, Palestine

☆ Why the U.S. has a serious mining worker shortage
▼ + stars: | 2023-12-08 | by ( Shawn Baldwin | ) www.cnbc.com time to read: +1 min

More than half the nation's mining workforce, about 221,000 workers, is expected to retire by 2029, according to the Society for Mining, Metallurgy & Exploration, and the number of candidates willing to fill those slots is shrinking. "Our workforce is aging," said Bold Baatar, chief executive of copper at Rio Tinto. At the same time, demand for rare earth minerals such as lithium, cobalt and copper, critical components used to make batteries for electric vehicles and smartphones, is on the rise. Globally, at least 384 new mines will need to be built to meet demand for electric vehicles by 2035, according to Benchmark Mineral Intelligence. To better understand the role miners play in the transition to green energy, CNBC got a behind-the-scenes look at Rio Tinto's copper mining operation in Utah.

Persons: Baatar Organizations: Society for Mining, Exploration, Rio Tinto, Benchmark Mineral Intelligence, CNBC Locations: Rio, Utah

☆ ‘No one will remember us’: India’s hero ‘rat hole miners’ who helped rescue 41 men from the Himalayan tunnel
▼ + stars: | 2023-12-06 | by ( Aishwarya Iyer | ) edition.cnn.com time to read: +7 min

“Rat hole mining may be illegal,” Lt General Syed Ata Hasnain, a retired official from India’s National Disaster Management Authority told reporters shortly after the rescue. “But a rat miner’s talent and experience is not.”Bottom of the hierarchyWorkers employed in the dangerous profession are among the most vulnerable and marginalized in India, hence the unflattering local moniker. But some of the “rat miners” said they are still waiting for details of the compensation. Conspicuously missing were the names of the 12 “rat miners” who put their lives on the line to complete that final breakthrough. Two “rat miners” went in at a time on rotating four-hour shifts, with one cutting the stone and the other pulling the debris out of the pipe.

Persons: New Delhi CNN —, Munna Qureshi, “, ” Qureshi, Qureshi, General Syed Ata Hasnain, Slimly, Hasina Kharbhih, ”, Roberto Schmidt, ” Kharbhih, Nasir Khan, B.P, Katoki, Pushkar Singh Dhami, Mohammad Irshad Ansari, Monu Kumar, crouch, Khan, Kumar, Sajjad Hussain, Ansari, ” Kumar Organizations: New, New Delhi CNN, Engineers, National Disaster Management Authority, Workers, National Green Tribunal, AFP, Getty, CNN, ” Locations: New Delhi, Uttarakhand, India, Meghalaya, Rimbay, Uttarkashi, Uttar Pradesh, AFP

☆ The horror of Henry Kissinger’s legacy in Southeast Asia goes on
▼ + stars: | 2023-12-05 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —Fifty years after Henry Kissinger drove American foreign policy in Southeast Asia, the region continues to live with the fallout from the bombing and military campaigns backed by the former secretary of state, who died last week. That’s more than the Allies dropped during World War II, according to an account by Yale University historian Ben Kiernan. Experts say the devastation – which is especially acute for people in rural areas – will go on for years to come. That’s Kissinger’s legacy,” said Bill Morse, president of the nonprofit Landmine Relief Fund, which supports organizations including Cambodia Self-Help Demining. They play catch with it and it blows up 10 year old children … (unexploded ordnance) are where the injuries are coming from now,” he said.

Persons: Henry Kissinger, Kissinger, Richard Nixon, ”, Youk Chhang, Chhang, Nixon, Vietnam –, CNN It’s, Gerald Ford, Suharto’s, “ Kissinger, Chong Ja Ian, Ben Kiernan, …, That’s, Bill Morse, Morse, Le Duc Tho, “, Barack Obama Organizations: Hong Kong CNN —, Center of Cambodia, CNN, National University of Singapore, ”, Yale University, Paris Peace Accords, MPI, Getty, NPR Locations: Hong Kong, Southeast Asia, Cambodia, Vietnam, Khmer Rouge, Phnom Penh, Khmer, Laos, East Timor, United States, Missouri, destabilized, Paris, United Kingdom

LUSAKA, Zambia (AP) — A member of a rescue team raised hope Monday that there may be survivors at a Zambian mine where more than 30 informal miners have been trapped under debris for days and presumed dead after heavy rain caused landslides. Zambian government officials said more than 30 miners were trapped under the landslides but couldn't give an exact number. Police have said that all the miners are suspected to have died and named seven of them as confirmed fatalities. But no bodies have been retrieved and the Zambian government said it was premature to say how many had died. Informal mining is common, where artisanal miners dig in search of minerals, often without proper safety procedures.

Persons: Wiva Chanda, Raphael Chumupi, Mutale Nalumango, ” Nalumango, ___ Mukwazhi, ___ Organizations: Associated Press, Police Locations: LUSAKA, Zambia, Zambian, Chingola, ” Chingola, Lusaka, Harare, Zimbabwe

☆ Peru's deadly gold mine attack highlights growing security risk, costs
▼ + stars: | 2023-12-04 | by ( Marco Aquino | ) www.reuters.com time to read: +4 min

The attack has highlighted a growing risk for miners in the Andean nation, the world's no. "Security is now one of the main costs," Poderosa corporate affairs manager Pablo de la Flor told Reuters after the attack. Thousands of trucks of illegal gold were taken out, it said. "There is a black market for minerals," said Gustavo Ramirez, who studies illegal mining for SNMPE. Illegal miners are estimated to produce around another 30 tons.

Persons: Cristobal Bouroncle, Rights LIMA, Pablo de la Flor, De la Flor, Saturday's, la Flor, Poderosa, Gustavo Ramirez, Marco Aquino, Alexander Villegas, Marguerita Choy Organizations: Rights, Reuters, National Society of Mining, Petroleum, Energy, Peru's Ministry of Energy, Mining, Ministry of Energy, Mines, Thomson Locations: Madre de Dios , Peru, Peru, Pataz, India, Switzerland, Canada, Bolivia

☆ Nine dead after armed men raid Peru's Poderosa mine - ministry
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +1 min

LIMA, Dec 2 (Reuters) - Nine people were killed and 15 injured after armed men raided Peru's Poderosa mine with explosives and took hostages, the Interior Ministry said late on Saturday. Police have "taken control of the situation", seven people have been arrested and weapons seized, the ministry said in a statement, adding it had ordered special forces to the area to support local police. The attackers entered the mine shaft, using explosive charges, "violently confronting internal security personnel from the company and taking four people hostage", the ministry said. Peru is the world's second-largest producer of copper, and an important silver and gold producer. Reporting by Marco Aquino in Lima and Shivani Tanna in Bengaluru; Editing by Lincoln Feast and William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: LIMA, Peru's, Pedro Castillo, Marco Aquino, Lincoln, William Mallard Organizations: Interior Ministry, Saturday . Police, Thomson Locations: Peru, Lima, Bengaluru

The hundreds of fossil fuel-connected people make up just a tiny share of the 90,000 people who registered to attend the climate summit known as COP28. “Let history reflect the fact that this is the Presidency that made a bold choice to proactively engage with oil and gas companies,” al-Jaber said. COP28 comes as the planet faces a mounting imperative to reduce greenhouse gas emissions. David Hone, Shell's chief climate adviser, is in Dubai for at least his 17th appearance at the annual climate talks. At the moment, it's preventing about 0.1% of the energy sector's carbon emissions from reaching the atmosphere, according to the IEA.

Persons: Bob Deans, Deans, Sultan al, Jaber, “, ” al, COP28, TotalEnergies, Paul Naveau, Patrick Pouyanné, ” Naveau, Naveau, Shell, that's, ”, Arthur Lee, David Hone, Hone, Rachel Rose Jackson Organizations: The United Nations, U.S, Resources Defense, United Arab Emirates, Global, Coalition, Shell, TotalEnergies, BP, AP, Nations, UN, didn't, ”, International Energy Agency, IEA, Chevron, Corporate Locations: United Nations, Dubai, Chevron, Shell's

☆ Lula Says Brazil's Participation in OPEC+ Is to Stop Oil Producers Using Fossil Fuels
▼ + stars: | 2023-12-02 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +1 min

SAO PAULO (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Saturday that Brazil's participation in the OPEC+ group of oil-producing countries is to convince nations to transition away from the use of fossil fuels. Brazil indicated on Thursday that it was on the brink of joining OPEC+, a group of 23 oil-producing countries. "We will lead oil-producing countries to accelerate the energy transition. Under the leadership of President Lula we want to use oil revenues to finance clean and renewable energy," he said. But Brazil is not expected to cap oil output as part of OPEC+, three sources told Reuters in a report published on Thursday.

Persons: Luiz Inacio Lula da Silva, Lula, Alexandre Silveira, Silveira, Ricardo Brito, Steven Grattan, Matthew Lewis Organizations: SAO PAULO, Reuters, OPEC, Petrobras Locations: OPEC, Brazil, Dubai, Africa, Latin America, South America, Sao Paulo

☆ How $100 billion mining giant Rio Tinto is poised to benefit from the EV boom
▼ + stars: | 2023-12-02 | by ( Shawn Baldwin | ) www.cnbc.com time to read: +1 min

Copper mines like Rio Tinto's Bingham Canyon mine on the outskirts of Salt Lake City are on the frontline of America's transition to clean energy. Jointly based in Australia and the UK, Rio Tinto is one of the world's largest mining companies with projects in 35 countries. It has 17 iron ore mines in Western Australia that produce material used in steel, as well as mines that produce aluminum, diamonds, and boron, a component used in smartphones. So what is Rio Tinto doing to ramp up production of its critical minerals business? CNBC got a behind the scenes look at Rio Tinto's Utah operation to find out.

Persons: Tyler Broda Organizations: P, RBC Capital Markets, Rio Tinto, CNBC Locations: Rio, Bingham, Salt Lake City, Australia, Western Australia, Rio Tinto's Utah

☆ Nine Dead After Armed Men Raid Peru's Poderosa Mine - Ministry
▼ + stars: | 2023-12-02 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +1 min

LIMA (Reuters) -Nine people were killed and 15 injured after armed men raided Peru's Poderosa mine with explosives and took hostages, the Interior Ministry said late on Saturday. Police have "taken control of the situation", seven people have been arrested and weapons seized, the ministry said in a statement, adding it had ordered special forces to the area to support local police. The attackers entered the mine shaft, using explosive charges, "violently confronting internal security personnel from the company and taking four people hostage", the ministry said. Peru is the world's second-largest producer of copper, and an important silver and gold producer. (Reporting by Marco Aquino in Lima and Shivani Tanna in Bengaluru; Editing by Lincoln Feast and William Mallard)

Persons: Peru's, Pedro Castillo, Marco Aquino, Lincoln, William Mallard Organizations: Reuters, Interior Ministry, Saturday . Police Locations: LIMA, Peru, Lima, Bengaluru

☆ Lula says Brazil's participation in OPEC+ is to stop oil producers using fossil fuels
▼ + stars: | 2023-12-02 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Thaier Al Sudani/File Photo Acquire Licensing RightsSAO PAULO, Dec 2 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Saturday that Brazil's participation in the OPEC+ group of oil-producing countries is to convince nations to transition away from the use of fossil fuels. Brazil indicated on Thursday that it was on the brink of joining OPEC+, a group of 23 oil-producing countries. "We will lead oil-producing countries to accelerate the energy transition. Under the leadership of President Lula we want to use oil revenues to finance clean and renewable energy," he said. But Brazil is not expected to cap oil output as part of OPEC+, three sources told Reuters in a report published on Thursday.

Persons: Luiz Inacio Lula da Silva, Al Sudani, Lula, Alexandre Silveira, Silveira, Ricardo Brito, Steven Grattan, Matthew Lewis Organizations: United Nations, Change, United Arab Emirates, REUTERS, SAO PAULO, OPEC, Petrobras, PETR4, Reuters, Paulo, Thomson Locations: Dubai, United Arab, OPEC, Brazil, Africa, Latin America, South America

☆ At COP28, US announces rule to slash powerful planet-warming gas by nearly 80%
▼ + stars: | 2023-12-02 | by ( Ella Nilsen | ) edition.cnn.com time to read: +4 min

The oil and gas industry is one of the main sources of global methane emissions, according to the International Energy Agency. The new US rule, which will be implemented by the EPA, is expected to slash methane emissions by nearly 80% through 2038, compared to what they would have been without the rule. The rule will crack down on methane leaks from industry in several ways. It will also rely on independent, third-party monitoring – using satellites and other remote-sensing technology – to find very large methane leaks. “The easiest way to stop that pollution is to stop sending it to flares in the first place.

Persons: CNN —, Biden, Michael Regan, Ali Zaidi, Regan, Harris, Zaidi, Carrie Jenks, Jon Goldstein, ” Goldstein Organizations: CNN, White, International Energy Agency, Biden, Harris Administration, Harvard Law School’s, Energy Law, “, Environmental Defense Fund Locations: Dubai

It is responsible for about one-third of planet-warming greenhouse gas emissions. The new methane rule will help ensure that the United States meets a goal set by more than 100 nations to cut methane emissions by 30% by 2030 from 2020 levels, Regan said. The EPA rule is just one of more than 100 actions the Biden administration has taken to reduce methane emissions, Zaidi added. The plan marks the first time the U.S. government has directly imposed a fee, or tax, on greenhouse gas emissions. The oil industry has generally welcomed direct federal regulation of methane emissions, preferring a single national standard to a hodgepodge of state rules.

Persons: —, Biden, Joe Biden, Michael Regan, Ali Zaidi, Regan, ” Regan, Zaidi, Harris, Harold Wimmer, Wimmer, David Doniger, ”, Obama, I'm, Fred Krupp Organizations: WASHINGTON, Environmental Protection Agency, United Nations, United Arab Emirates, Oil, UN, United States, Biden, Harris Administration, American Lung Association, EPA, Natural Resources Defense Council, Environmental Defense Fund Locations: Dubai, United Arab, U.S, Paris, Scotland, Egypt, United

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