The Biden administration granted a fuel policy change designed to boost sales of corn-based ethanol — but delayed the shift until next year amid concerns a too-rapid transition could spur gasoline price…
Month: April 2024
Ramstein meeting: Austin announces another $1B aid package for Ukraine
U.S. Defense Secretary Lloyd Austin says the United States is providing another $1 billion defense aid package to Ukraine, which will include HIMARS missiles, artillery rounds, air defense systems, and other armaments….
Bank of America Backs Out on Agreement to not Fund New Coal Projects
Despite Bank of America’s 2021 commitment to cease financing new coal mines, plants, or Arctic oil drilling, these ventures will now undergo “enhanced due diligence” as outlined in the company’s “Environmental and…
Fire Breaks Out in French Warehouse Full of Batteries
A fire broke out Saturday in a warehouse storing lithium-ion batteries in southern France, near Toulouse. Per media reports, the warehouse, property of local recycling company Société Nouvelle d’Affinage des Métaux contained…
Ukraine grain Exports On the Rise
Having independently resumed operations of its major maritime ports on the Black Sea, Ukraine is forecast to increase grain exports for the remainder of the 2023-24 marketing year, according to a report…
The good and bad bits about China’s backup coal system
China announced it will establish a backup coal production system by 2027 to stabilise prices and secure coal supply, and aims to have 300 million metric tons…
Cheaper Coal Could Make Turkey Europe’s Largest Coal-Burning Nation
Cheaper coal compared to natural gas is set to make Turkey the biggest coal-burning nation in Europe this year, surpassing Germany, according to data by environmental think tank Ember cited by Reuters’…
Russian coal extraction tax to be raised again
Russian Ministry of Finance is considering the possibility of increasing the Mineral Extraction Tax (MET) on coal production. This measure will significantly increase the tax burden on coal industry amid falling prices…
Chinese Banks Lead $120 Billion Global Financing for Coal Projects
Chinese lenders arranged three-fourths of all the $120 billion in global financing for coal projects last year, new research from BloombergNEF showed on Wednesday. Chinese banks accounted for a massive 76%, or…
Russia to resume coal shipments to China via North Korean port Rajin
Russia plans to resume coal shipments via North Korean port of Rajin for further export to China. Earlier shipments through this port used to be directed to…