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The Latest Breaking News from Energy

Saudi Arabia Says 'Absolutely Not' To Oil Phaseout At COP28

Saudi Arabia's energy minister has slammed the door shut on agreeing to phase out fossil fuels at the UN's COP28 climate talks, setting the stage for difficult negotiations in Dubai.

International Business Times

EV tax credit rules would clarify restrictions on foreign-made batteries - Roll Call

The Treasury and Energy departments proposed rules for electric vehicles tax credits aimed to limit foreign battery ingredients.

Roll Call

Hints of cooling inflation as next rates call looms

Aggressive interest rate hikes are working to slow the economy, timely measures of price movements and the jobs market suggest.

AAP

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Labour's Pledge to 'Rewire Britain' Sparks Controversy Amidst Tory Party Discord Over Pylon Plans

Labour envisions a comprehensive overhaul that includes updating existing infrastructure, increasing energy efficiency and expanding renewable energy sources.

International Business Times UK

New US rules, aimed at curbing China, could limit tax credits for electric vehicles

The Biden administration has proposed new rules that could make it harder for electric vehicles to qualify for a full $7,500 federal tax credit

The Independent UK

Marathon Oil (MRO) vs. NOW (DNOW) - Evaluating Energy Stocks for Q4 Potential

With the energy market buzzing from robust crude demand and optimistic industry projections alongside OPEC+ interventions, the trajectory for Brent crude prices appears upward. In this scenario, which energy stalwart, Marathon Oil (MRO) or NOW Inc. (DNOW), is better positioned for growth in the fourth quarter? Let's find out.

StockNews.com

Google Begins Operation Of First Next-Generation Geothermal Energy Plant In Nevada

Google has successfully launched a joint venture with a startup to power data processing centers using energy from the Earth.

International Business Times

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New Google geothermal electricity project could be a milestone for clean energy

Google announced Tuesday that an advanced geothermal project has begun pumping carbon-free electricity onto the Nevada electric grid to feed Google data centers there

The Independent UK

Australia on track to meet emissions reduction targets

Australia is close to meeting its 2030 emissions reduction targets, but the energy minister won't say how much a clean transition will cost taxpayers.

AAP

Hope Farm electrocution case: Ashok demands George’s resignation

Newly-appointed Leader of the Opposition R. Ashok on Wednesday fired his first salvo at the Congress government by demanding that Energy Minister K. J. George resign owning up moral responsibility for the electrocution of a woman and her baby in Bengaluru due to the fault of power utility.

The Hindu

Feds 'supercharge' clean energy build to keep lights on

Clean energy sources will take over from ageing coal power stations under a supercharged federal scheme, but critics say household bills will rise without gas.

AAP

Tesla Stock 2030 Forecast: Can the EV Giant Really Sell 20 Million Cars?

While Tesla might not be able to reach CEO Elon Musk's ambitious vehicle production targets by the end of the decade, the company's long-term forecast looks positive, despite the current EV industry slump.

Barchart

Peak demand in summer season likely to touch 18,000 MW

After a record peak demand of over 16,000 MW earlier this year in August, in the upcoming summer season, the peak demand in Karnataka is expected to go up to 18,000-18,500 MW, officials in the Energy Department said on Tuesday.

The Hindu

Energy minister confident in NT gas after setbacks

The Northern Territory Energy and Mining Minister Nicole Manison says she is still confident in the industry after a tough two weeks.

AAP

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Newsroom.co.nz

Power gentailers' dominance helps consign 300,000 people to energy hardship – report

Independent panel chair says the Commerce Commission should investigate a lack of competition, driving up electricity prices and leaving children sick and unable to attend school. Jonathan Milne reports.

The Independent UK

Chalk latest top Tory to distance himself from Braverman homelessness comments

Prime Minister Rishi Sunak refused to repeat the Home Secretary’s remarks on Monday, as did Energy Secretary Claire Coutinho.

The Conversation

Is nuclear the answer to Australia's climate crisis?

This article is part of a series by The Conversation, Getting to Zero, examining Australia’s energy transition.

The Independent UK

US announces $440 million to install solar panels on low-income homes in Puerto Rico

The U.S. Department of Energy says it will disburse $440 million to install solar panels on low-income homes in Puerto Rico as the U.S. territory struggles with ongoing power outages and a crumbling electric grid

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Newsroom.co.nz

Geothermal and wood chips for dry years, but no hydrogen

Documents show the Government's "portfolio" alternative to the Lake Onslow power scheme has been slimmed down to just flexible geothermal energy and burning wood chips, reports Marc Daalder

AAP

Power shift as Indigenous people want clean energy say

Indigenous Australians are demanding a seat at the table in the clean energy sector and are turning to the Canadian experience as a positive model.

StockNews.com

Exxon Mobil (XOM) and Chevron (CVX): A Pre-Earnings Analysis of Energy Giants

Exxon Mobil and Chevron (CVX) are scheduled to release their third-quarter earnings soon. Here’s a pre-earnings analysis of the energy giants to determine how investors should position themselves before their numbers are out. Read on….

AAP

Thousands in solar savings light up family budgets

Households with solar panels are saving up to $1350 on their power bills while those with larger batteries are pocketing $2252, energy department figures show.

The Hindu

6,801 solar water pumpsets installed in Karnataka as of August 31

Energy Minister K.J. George held a review meeting with senior officials of the Energy Department and solar irrigation pump (IP) manufacturers on Thursday at Belaku Bhavana, Bescom headquarters, where he discussed the need for solar irrigation pumps for agriculture

The Hindu

Energy crisis in Karnataka: Escoms to receive 1,100 MW of power from private power generators

Karnataka govt. invokes Section 11 of Electricity Act to procure 1,100 MW of power from private generators to address shortage. Govt. also plans to solarise irrigation pumpsets, set up 400 substations & expand solar power park in Pavagada. Bescom clarifies no power cuts in BBMP parks.

The Hindu

Supply power to farmers continuously for five hours in three shifts every day: Siddaramaiah to Escoms

Amid protests by farmers over inadequate supply of power and attack by the Opposition, Chief Minister Siddaramaiah on Friday held a review of the Energy Department and gave instructions to the MDs of electricity supply companies (Escoms) that electricity should be supplied to farmers continuously for five hours in three…

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