Chancellor Angela Merkel vowed to speed up Germany’s transition to electric vehicles, saying that efforts would need to be increased if a target of having a million such cars on the roads by 2020 were to be met.
Brazil’s government has approved taxing ethanol imports for the first time in a move to protect local producers from growing shipments coming from the United States.
The crises in Venezuela — humanitarian, political, security and financial — seem to be reaching a point of no return.
Oil prices will remain stuck in a range near $50 a barrel unless one of two global hotspots delivers an October surprise to the market, jolting the cost of crude higher, according to Helima Croft, global head of commodity strategy at RBC Capital Markets.
Imagine how shareholders would react if Exxon Mobil gave away a third of the oil it produced, rather than selling it at market prices. There would be hell to pay, right?
Brazilian company FS Bioenergia has inaugurated a corn ethanol plant, the first in the country, to produce 210 million liters year.
Millions of Chinese cyclists may soon be able to ditch their air-pollution masks.
Western Europe’s biggest oil and gas producer, Norway, is also one of the countries that is most self-congratulatory on its climate action, electric cars sales, and green policies.
Venezuelan homemaker Carmen Rondon lives in the country with the world’s largest oil reserves, but has spent weeks cooking with firewood due to a chronic shortage of home cooking gas – leaving her hoarse from breathing smoke.
Venezuela’s unraveling socialist government is increasingly turning to ally Russia for the cash and credit it needs to survive – and offering prized state-owned oil assets in return, sources familiar with the negotiations told Reuters.
