24/7 Energy News Coverage
November 18, 2024
THE PITS
Renewables revolt in Sardinia, Italy's coal-fired island



Cagliari, Italy (AFP) Nov 18, 2024
The bolts securing the towering wind turbine were unscrewed under cover of darkness, an act of sabotage symbolising a vehement pushback against renewable energy in Sardinia. Long summers and strong winds make the Italian island a prime location for wind and solar power, but intense investor interest has spooked locals who say Sardinia is being exploited. The loosened bolts were discovered before the turbine on the edge of the village of Mamoiada toppled over, but it was one of several plants van ... read more

SOLAR DAILY
'Nobody can reverse' US progress on clean energy: Biden
Manaus, Brazil (AFP) Nov 17, 2024
US President Joe Biden on Sunday touted his administration's "clean energy revolution" during a visit to the Amazon in Brazil adding, in reference to President-elect Donald Trump, that "nobody can reverse it." ... more
ENERGY NEWS
US says its climate financing reached $11 bn this year
Manaus, Brazil (AFP) Nov 17, 2024
President Joe Biden is using a historic trip to the Amazon on Sunday to highlight that US bilateral climate financing increased to $11 billion this year, meeting a pledge he made. ... more
ENERGY NEWS
COP29 success requires G20 'leadership': UN chief
Rio De Janeiro (AFP) Nov 17, 2024
UN Secretary-General Antonio Guterres on Sunday called on G20 leaders gathering in Rio de Janeiro to rescue stalled concurrent UN climate talks in Azerbaijan by showing "leadership" on cutting emissions. ... more
ENERGY NEWS
Hopes set on G20 spurring deadlocked UN climate talks
Baku (AFP) Nov 18, 2024
Nations return to deadlocked UN climate talks Monday, with hopes that G20 leaders meeting on the other side of the world can rally support behind a deal for poorer countries. ... more
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NUKE.WIRE
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ROBO SPACE
Is AI's meteoric rise beginning to slow?
San Francisco (AFP) Nov 18, 2024
A quietly growing belief in Silicon Valley could have immense implications: the breakthroughs from large AI models - the ones expected to bring human-level artificial intelligence in the near future - may be slowing down. ... more
TRADE WARS
China's Xi says to 'enhance' ties with Brazil as arrives for G20: state media
Rio De Janeiro (AFP) Nov 18, 2024
Chinese leader Xi Jinping said he was seeking to "further enhance" ties with Brazil as he arrived Sunday for a state visit and a G20 summit, state media said. ... more
TRADE WARS
Woman-owned cafe in Indonesia's Sharia stronghold shakes stigma
Banda Aceh, Indonesia (AFP) Nov 18, 2024
In what claims to be the only woman-run cafe in the capital of Indonesia's most conservative province, owner Qurrata Ayuni says she and her baristas provide an alternative to rowdy, smoke-filled male haunts. ... more
TRADE WARS
Keir Starmer to meet Xi Jinping at G20 summit Monday: UK PM's office
London (AFP) Nov 18, 2024
British Prime Minister Keir Starmer will meet China's Xi Jinping on Monday at the G20 summit in Rio de Janeiro, the premier's office said. ... more

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TRADE WARS
Markets swing after Wall St losses as traders weigh US rates outlook
Hong Kong (AFP) Nov 18, 2024
Asian markets were mixed Monday following a sell-off on Wall Street as investors scale back their bets on Federal Reserve interest rate cuts owing to worries Donald Trump could reignite inflation. ... more
OIL AND GAS
COP29: TotalEnergies chief defends oil's climate 'progress'
Baku (AFP) Nov 15, 2024
The head of French oil giant TotalEnergies admitted the sector's role in climate change on Friday but insisted it was making "continuous progress". ... more
TRADE WARS
China says to scrap export tax rebate for aluminium, copper
Beijing (AFP) Nov 15, 2024
China's finance ministry said Friday it was cancelling export tax rebates for metals like aluminium and copper, and certain other goods, beginning next month. ... more
ENERGY NEWS
Trump picks Doug Burgum as energy czar in new administration
Washington (AFP) Nov 15, 2024
US President-elect Donald Trump announced Friday that North Dakota Governor Doug Burgum will head a new energy council - on top of serving as his Secretary of the Interior. ... more
OIL AND GAS
Trump taps oil exec, climate skeptic Chris Wright for energy secretary
Washington DC (UPI) Nov 16, 2024
President-elect Donald Trump on Saturday announced Denver-based oil executive Chris Wright as his choice for to head the Department of Energy. ... more
TRADE WARS
China's Xi urges APEC unity in face of 'protectionism'
Lima (AFP) Nov 16, 2024
Chinese President Xi Jinping on Saturday called for Asia-Pacific economies to "unite and cooperate" in the face of mounting "protectionism," at a summit in Peru. ... more
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OIL AND GAS
Gore says 'absurd' to hold UN climate talks in petrostates
Baku (AFP) Nov 16, 2024
Former US vice president Al Gore told AFP Friday it was "absurd" for petrostates such as Azerbaijan to host UN climate talks, saying the selection process should be overhauled. ... more
TRADE WARS
Macron to press Milei on climate action, multilateralism in Argentina talks
Buenos Aires (AFP) Nov 16, 2024
French President Emmanuel Macron will stress the importance of international action on climate change at talks Saturday with his right-wing Argentine counterpart Javier Milei who pulled his country out of the COP29 climate talks. ... more
OIL AND GAS
UN climate chief urges G20 to spur tense COP29 negotiations
Baku (AFP) Nov 16, 2024
The UN's climate chief urged G20 leaders on Saturday to push COP29 talks towards a deal to raise money for developing nations as diplomats struggled to find common ground in marathon negotiations. ... more
CHIP TECH
US finalizes up to $6.6 bn funding for chip giant TSMC
Washington (AFP) Nov 15, 2024
The United States will award Taiwanese chip giant TSMC up to $6.6 billion in direct funding to help build several plants on US soil, officials said Friday, finalizing the deal before Donald Trump's administration enters the White House. ... more
SUPERPOWERS
Biden, Xi Jinping meet for final time at Peru summit as Trump looms large
Washington DC (UPI) Nov 16, 2024
Joe Biden met Chinese counterpart Xi Jinping met for the final time as president Saturday in Peru as the specter of Donald Trump's return to the White House took center stage at the Asia-Pacific Economic Cooperation summit. ... more
OIL AND GAS
Oil execs work COP29 as NGOs slam lobbyist presence
Baku (AFP) Nov 15, 2024
Oil executives and lobbyists descended on COP29 in Baku for "energy day" Friday, as environmental groups denounced the presence of the fossil fuel industry at the UN climate talks. ... more
OIL AND GAS
UK scrambles jets to monitor Russian military plane over North Sea
London (AFP) Nov 15, 2024
UK jets were scrambled to monitor a Russian reconnaissance aircraft flying close to UK airspace, the defence minister in London said on Friday. ... more
SOLAR DAILY
Tech's green wave hits choppy waters
Lisbon (AFP) Nov 13, 2024
Tech entrepreneurs have spent years selling the dream that we can save the planet without changing our ways, but the current focus of innovation is dividing experts and investors. ... more
CIVIL NUCLEAR
US touts Trump-proof nuclear expansion plans at COP29
Baku (AFP) Nov 13, 2024
US officials touted newly announced plans Wednesday to triple nuclear energy by 2050 as a bipartisan project that could survive Donald Trump's incoming administration. ... more
TRADE WARS
China announces tax policies to boost property market
Beijing (AFP) Nov 13, 2024
China on Wednesday announced a raft of tax policies aimed at boosting the country's ailing real estate market, state media said, including cuts to property deed taxes and VAT. ... more
ENERGY NEWS
Climate 'financing gap' is widening: ECB chief
Frankfurt, Germany (AFP) Nov 12, 2024
European Central Bank President Christine Lagarde warned Tuesday of a widening gap between the amount of funding necessary to adapt to the climate crisis and what has so far been pledged. ... more
TECH SPACE
British Museum secures record 1bn donation of Chinese ceramics
London (AFP) Nov 14, 2024
A 1,700-piece private collection of Chinese ceramics with an estimated value of GBP 1 billion ($1.27 billion) has been donated to the British Museum -- a record for any UK institution. ... more
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INTERNET SPACE
Chinese tech giant Alibaba posts 5% quarterly revenue growth
Beijing (AFP) Nov 15, 2024
Chinese tech and e-commerce giant Alibaba on Friday reported moderate revenue growth of five percent in its latest quarter, as Beijing works to stimulate domestic spending. ... more
TECH SPACE
Dating apps move to friend zone in search of profits
Lisbon (AFP) Nov 14, 2024
Burnt-out love-seekers are shunning dating apps in their millions, but the apps are trying to woo them back with a counter offer: If you don't want a lover, perhaps you just need a friend? ... more
MILTECH
Kentucky to get nation's first TNT plant since 1980s
Washington DC (UPI) Nov 12, 2024
The U.S. Army has awarded a $435 million contract for Repkon USA to build the nation's only TNT production facility in a rural community in Graham, Ky. ... more
ROBO SPACE
TikTok makes AI driven ad tool available globally
San Francisco (AFP) Nov 15, 2024
TikTok on Thursday began letting all marketers on its platform use an artificial intelligence-powered tool for generating marketing clips, becoming the latest platform to let advertisers tap into the technology. ... more
TRADE WARS
South Korea's LG to pump extra $1 bn into Vietnam plant
Hanoi (AFP) Nov 15, 2024
South Korea's LG Display will inject another $1 billion into its factory in Vietnam, local authorities said Friday, pushing the firm's total investment in the country to more than $5.5 billion. ... more
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