How electromagnetic fields from subsea cables could affect harbour porpoises
The EMPACT project, led by Vattenfall with Danish and Swedish universities, aims to determine whether harbour porpoises detect electromagnetic fields (EMF) emitted by submarine power cables and if such exposure influences their behaviour. Field studies showed varied responses among tagged porpoises crossing cables, from no change to surfacing and stopping feeding or diving and feeding […]
Chinese solar price pressures could slow Europe’s rooftop boom
France, Italy, Poland and Romania imported record volumes of Chinese solar modules in March 2026 ahead of tax changes that will raise prices. Beijing scrapped a 9% export VAT rebate on solar panels on 1 April 2026 and reduced the battery rebate, a move expected to increase global module prices by around 10%. Rising prices […]
New York State pension fund challenges TotalEnergies after $928 million wind buyout
The New York State Common Retirement Fund is reviewing its stake in TotalEnergies after the company accepted nearly $1 billion from the US government to terminate offshore wind leases. TotalEnergies will receive a $928 million reimbursement for relinquishing two offshore wind leases and instead investing in US LNG and oil projects. Governor Kathy Hochul criticised […]
The AccelerateEU plan: security first, clean energy second
The European Commission’s “AccelerateEU” programme is designed to shield citizens and industries from volatile fossil fuel prices while ramping up clean‑energy deployment. The initiative is a direct response to Middle Eastern tensions that added €24 billion to Europe’s energy import bill. Measures include filling gas storage, releasing oil stocks and creating a Fuel Observatory; targeted […]
UK halved its Green Climate Fund pledge in 2026
Britain slashed its 2024-27 pledge to the Green Climate Fund (GCF) from £1.62 billion to £815 million – a cut of more than £800 million. The move drops the UK from top donor to fourth‑largest contributor behind Germany, France and Japan. The GCF’s executive director warned the reduction could have a “material impact” on 354 […]
Oil markets rally on combative rhetoric as Hormuz remains tense
Brent crude futures climbed by 2.4% to $108.22 per barrel after US President Donald Trump said he was running out of patience with Iran and that Tehran must reopen the Strait of Hormuz. Iran’s foreign minister Abbas Araqchi responded that Iran is prepared to resume fighting but is willing to negotiate if the US is serious. […]
Caturus advances Louisiana LNG megaproject with offtake deals
US developer Caturus has finalised long‑term sale and purchase agreements for offtake from the planned Commonwealth LNG export terminal. With commercialisation completed, Caturus will begin financing and aims to take a final investment decision (FID) within weeks. The Phase 1 development in Cameron Parish, Louisiana, is a $12.5 billion project. It will produce 9.5 million tonnes of LNG […]
BP weighs sale of Egyptian gas assets as new CEO retools portfolio
BP is considering selling some natural gas assets in Egypt as part of CEO Meg O’Neill’s overhaul to cut debt and focus on higher‑return projects. No final decisions have been made. Over six decades the company has invested more than $35 billion in Egypt, producing about 60% of the country’s natural gas through joint ventures in the […]
UAE fast‑tracks pipeline to bypass Hormuz and double exports
Abu Dhabi’s crown prince ordered state company ADNOC to accelerate construction of a West-East pipeline, doubling the UAE’s oil export capacity via Fujairah by 2027 and allowing crude to bypass the Strait of Hormuz. Tehran’s Revolutionary Guard has expanded its claimed control zone in the strait, publishing maps showing jurisdiction over much of the UAE’s […]
EU considers carbon pricing for international flights
The European Commission is reviewing whether to expand its Emissions Trading System to cover flights departing the EU. Currently, only flights within Europe are subject to the carbon market. Senior official Polona Gregorin said the extension would ensure equal treatment for all routes, but the move risks backlash from non‑EU partners such as the US, […]