Category: Highlights

Islamabad : Dr Ali Kemal, former Economic Policy Advisor, Federal SDGs Unit, Planning Commission, has said that repaying debt in Pakistan always was a pertinent issue for families. Dr Kemal was addressing a webinar and launch of a study ‘Household debt and indebtedness in Pakistan: estimates and implications’ organised by Sustainable Development Policy Institute (SDPI) in collaboration with Sustainable Energy and Economic Development (SEED) here Tuesday. Dr Kemal observed that a higher incidence of borrowing in Khyber-Pakhtunkhwa indicated in the report may suggest a better social capital in the province.…

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The energy crisis crippling Texas’s power system continued to spread, with nearly 5 million people across the U.S plunged into darkness as authorities fought to avoid a total collapse of the grid. Homes and businesses from North Dakota to Texas are losing power in the middle of an unprecedented deep freeze that has broken daily temperature records in hundreds of places. The blackouts are likely to continue throughout Tuesday with no firm end in sight as the cold weather is forecast to remain through Wednesday. Officials have reported two people…

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The Bureau of Ocean Energy Management (BOEM) has rescinded the Record of Decision for the oil and gas lease Gulf of Mexico planned for March, effectively canceling this auction as part of the Biden Administration’s review of new drilling activities on federal land and in offshore waters. The lease sale would have offered 78.2 million acres for a region-wide Gulf of Mexico lease in March 2021, or 14,594 unleased blocks – all of the available unleased areas in federal waters of the Gulf of Mexico. However, President Joe Biden directed in an executive order last month…

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India’s use of coal may have peaked in 2018, according to a new report by according to U.K.-based clean energy group Ember. That’s sooner than many experts have forecast.   The share of the dirtiest fossil fuel in India’s power mix fell for the second year in a row in 2020, according to the report released on Tuesday, due to an economic slowdown in 2019 followed by a pandemic-induced recession. There’s a chance coal power never has to breach 2018 levels again if the Indian government meets its renewable energy goals, Ember senior analyst Aditya Lolla…

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 Permian oil production has plunged by as much as one million barrels a day as the coldest weather in 30 years brings havoc to a region that seldom faces frigid Arctic blasts. Oil traders and company executives, speaking on condition of anonymity, lifted their estimate of supply losses in the region as the temperature in Midland, the capital of the Permian basin, dropped to -1 Fahrenheit (-18 Celsius), the lowest since 1989, according to the U.S. National Weather Service. Traders had previously estimated losses at several hundred thousands barrels per…

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