Aneta Paunoska

EGYPS 2023

Petroleum Show in Egypt: EGYPS became a major international platform

Finance & Investment

The 2023 Egypt Petroleum Show (EGYPS) is a global trade show and conference for Egypt’s oil and gas sector. Industry executives and specialists can network, exchange ideas, and display the most recent innovations in this field’s goods and services at the event. The conference addresses a broad range of subjects, including upstream, middle, and downstream …

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EGYPS 2023

Egypt hosts sixth EGYPS on energy security and climate action

Energy Transition

Egypt Petroleum Show (EGYPS) 2023, is an international exhibition and conference for the oil and gas industry in Egypt. The event provides a platform for industry leaders and experts to network, share ideas and showcase the latest technology, products, and services related to the sector. The conference covers a wide range of topics, including upstream, …

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EPA to cleanup hazardous waste landfills

The U.S. EPA has announced $1 billion for further hazardous waste cleanups

Sustainability

The Environmental Protection Agency (EPA) announced the addition of 22 new locations for a program that will receive $1 billion in financing to remediate hazardous waste sites. It includes mines, manufacturing facilities, and landfills. Additionally, the EPA stated that it would utilize the money to hasten the cleanup of 100 ongoing projects across the country. …

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BYD is to buy Ford in Germany

Germany is willing to let Chinese automaker BYD take over the Ford plant

Finance & Investment

Following reports of BYD’s interest, the state leader of Germany’s Saarland stated on Friday that the state would not prevent Chinese electric automaker BYD from becoming a potential investor for a Ford auto plant. Ford is looking for new ownership. An American-owned company Ford took several moves that the state didn’t agree with. Anke Rehlinger …

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EV chargers standard: Small step for Tesla, big for EVs

Musk has 7.5 billion reasons to be reasonable: Tesla must unlock EV chargers

Energy Transition

Tesla’s CEO, Elon Musk, has frequently proposed opening up his EV chargers, Supercharging, network to competitors. However, he has never actually done so in the US. His business dominates the U.S. market for electric vehicles. Now, Musk may have 7.5 billion reasons to make his words a reality. According to U.S. administration sources, the Department …

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Oil and gas projects won't be funded by NatWest

NatWest will no longer fund projects dependent on reserves for oil and gas

Finance & Investment

The British bank NatWest announced on Thursday that it would discontinue all reserve-based lending for any new clients financing oil and gas exploration and extraction. They will gradually phase it out by the end of 2025. The lender’s promise comes as the amount of climate-damaging carbon emissions associated with the loans and financing they offer …

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Managing climate risk a condition for support from Norway Wealth Fund

Norway Wealth Fund: Fail on managing climate risk and we won’t support you!

Finance & Investment

The $1.35 trillion Norway Wealth Fund announced on Thursday that it would increase its interaction with businesses about how they manage climate risk by voting against board members it believes are not taking sufficient action. The Norway Wealth Fund, also known as the Government Pension Fund of Norway, is a sovereign wealth fund managed by …

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CO2-emitting cars

EU Parliamentary Committee supports renovation drive for greener buildings

Sustainability

Despite opposition from nations like Italy, the European Parliament’s energy committee on Thursday endorsed regulations to remodel millions of European properties to reduce emissions and save energy. Thus, the regulations will push owners to renovate their real estate aiming for greener buildings. About 40% of the energy consumed in the European Union is used to …

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Renewable energy sources can end Europe's energy crisis for good

A boom in renewable energy drives power toward the emissions “tipping point”

Energy Transition

The International Energy Agency predicted on Wednesday that over the next three years, nuclear electricity will account for the majority of the expansion in the world power supply. Renewable energy is also on the rise. It will reduce the impact of increased energy use emissions. According to IEA director Faith Birol, the good news is …

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