Category: Highlights

From 1 October 2024 Great Britain will no longer use coal to generate electricity, a year earlier than planned, Energy and Climate Change Minister Anne-Marie Trevelyan announced yesterday (Wednesday 30 June 2021). The move is part of ambitious government commitments to transition away from fossil fuels and decarbonise the power sector in order to eliminate contributions to climate change by 2050. Yesterday’s announcement confirms the intention set out by the Prime Minister last year to bring forward the deadline to end unabated coal-fired electricity generation. This brings forward the deadline…

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Reducing fine particulate emissions was a driving factor in the shift from coal to gas at the Junliangcheng power plant in Tianjin, China. Among the other benefits is a reduction in carbon dioxide emissions, which is important as the world’s most populous nation strives to become carbon-neutral before 2060. Like many countries around the world, China is on a mission to cut back on coal-fired power generation. In fact, in 2020, the portion of China’s installed electric generation capacity that was fueled by coal dipped below 50% for the first…

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Chevron Corporation CVX CFO Pierre Breber recently stated at a Reuters conference that the firm has no intentions to downsize its oil and gas operations in favor of wind and solar energy. Breber said during the press meet that the firm will spend $3 billion over the next seven years on technology to eliminate hazardous emissions from its activities instead of investing in renewable energy sources, such as wind or solar power. Notably, in May, almost 61% of the currently Zacks Rank #3 (Hold) Chevron’s shareholders voted in favor of…

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The local steel industry has claimed that the shortage of raw material in the international market was one of the major reasons behind the increase in the cost of steel, adding that the current situation is beyond the control of steel makers. According to Pakistan Association of Large Steel Producers (PALSP), during the last and current fiscal year (FY20 and FY21), international as well as domestic market remained highly volatile; major fluctuations in prices of steel products were witnessed due to a confluence of factors such as commodities super cycle,…

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The petroleum division on Tuesday said it is beefing up supply of furnace oil through enhanced capacity utilisation of local refineries and arranging import of about 250,000 tonnes of oil to meet energy shortfalls next month. In a statement it said that for the period of fuel shortage arising out of dry docking of an LNG (liquefied natural gas) terminal, a mitigation plan had been put in place. An official said the Kunar Pasakhi Deep field was getting back on track after annual turnaround and had started injecting about 100…

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