Energy & Oil

• Monday, May 29th 2023 - 20:20 UTC

  For the first time, global investment in solar power overtakes investment in fossil fuels, IEA report

  

  Global investment in solar power is expected to overtake investment in oil production for the first time ever this year, the International Energy Agency (IEA) said. The IEA projects investment in solar power to hit US$ 380 billion in 2023, compared to investments in oil exploration and extraction at US$ 370 billion.

• Saturday, May 27th 2023 - 08:00 UTC

  UK and Brazil sign launching of the Partnership for Green and Inclusive Growth

  

  Brazil and UK signed this week a Joint Declaration launching the Partnership on Green and Inclusive Growth on the occasion of the official visit to Brazil of the Secretary of State for Foreign, Commonwealth, and Development Affairs of the United Kingdom of Great Britain and Northern Ireland, Mr James Cleverly.

• Wednesday, May 24th 2023 - 08:57 UTC

  Protestors storm shareholders meeting in London yelling “shut down Shell”

  

  Protestors yelling “shut down Shell” stormed the oil corporation giant annual shareholders meeting in London with security having to step in to protect board members. Proceedings were delayed as the protesters ran to the front of the room where executives were sitting on stage, and some demonstrators had to be carried out of the building by security.

• Tuesday, May 23rd 2023 - 10:56 UTC

  Chile's advantageous position in electromobility development highlighted

  

  During her participation in the Raw Materials Convention between the European Union and Latin America 2023 in Argentina, Chile's Mining Minister Marcela Hernando highlighted her country's advantageous position for the development of electromobility due to its large copper and lithium reserves.

• Monday, May 22nd 2023 - 10:29 UTC

  Finland connects nuclear plant to power grid; EU classifies nuclear as 'sustainable energy'

  

  Finland's long-delayed Olkiluoto-3 nuclear reactor connected to the power grid for the first time this month, the plant's operator said, 12 years after its planned launch. Located on Finland's west coast, Olkiluoto-3 is the country's first new nuclear plant in over four decades and Europe's first in almost 15 years.

• Saturday, May 20th 2023 - 11:15 UTC

  Fiftieth anniversary of Stanley Power Station in the Falklands

  

  The Falkland Islands Power and Electrical Section are delighted to be able to celebrate 50 years of service for Power Station ‘B’. On 19 May 1973 Power Station ‘B’ was opened by then Governor Mr E G Lewis CMG OBE, and in attendance were members of the public, alongside Power Station staff and those who built the station.

• Friday, May 19th 2023 - 10:56 UTC

  EU involved in talks with Argentina and Chile to ensure supplies of lithium

  

  The European Union is working on agreements with Argentina and Chile with the purpose of increasing access to critical minerals such as lithium, essential for the batteries of electric automobiles and to comply with the EU's less carbon-intensive economy guidelines.

• Tuesday, May 16th 2023 - 10:47 UTC

  Chile launches Lithium and Salt Flats Committee

  

  Chile's Government Monday approved the creation of the “Lithium and Salt Flats Committee” to add to the National Lithium Strategy announced last month in areas involving the Economic Development Agency (Corfo) and also as a technical advisory body, it was reported in Santiago.

• Tuesday, May 16th 2023 - 10:19 UTC

  Petrobras creates diversity management position

  

  Brazil's state-run oil company Petrobras Monday announced the creation of a diversity, equity, and inclusion managerial position, Agencia Brasil reported.

• Tuesday, May 16th 2023 - 02:00 UTC

  Australia approves new coal mine: 2,5 million tons in five years

  

  Despite elected on a climate action platform the Australian government has approved a new coal mine for the first time since it was elected, reports the BBC from Canberra. The government was bound by national environment laws when considering Central Queensland's Isaac River coal mine, a spokeswoman said.