Category: Recent Post

Geneva, (APP – UrduPoint / Pakistan Point News – 9th Nov, 2020 ) :The Swiss financial sector still invests too much in the production of oil and coal despite progress towards more climate-friendly investments, an official report said Monday. “Overall, the Swiss financial centre now invests four times more resources in companies producing electricity from fossil sources such as coal or gas than in those producing from renewable sources,” said the joint report by the Federal Office for the Environment and the State Secretariat for International Finance. It is the second such report after the first was published in 2017. Players in the Swiss…

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ISLAMABAD: Top mandarins of the Energy Ministry swung into action to immediately suspend the former acting MD PLL (Pakistan LNG Limited) Nadeem Nazir, who is also currently holding the charge of the MD of PLTL (Pakistan LNG Terminal Limited) for making excess payments of $25 million as port charges to LNG suppliers (Gunvor and ENI). Following the report of excess payments scam amounting to $39.5 million made by PSO and PLL to LNG suppliers (Gunvor and ENI) as port charges in The News on Monday (November 9, 2020), the Energy…

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The booming liquefied natural gas (LNG) industry will play at least as big a role as new coal investments in bringing on a climate crisis if all planned projects go ahead, US-based energy analysts and campaigners say. The report by the Global Energy Monitor appears at odds with comments by Australia’s emissions reduction minister, Angus Taylor, who has said the country could be proud that the rapidly expanding LNG export industry was displacing coal power overseas. Government analysis identified LNG as the main reason Australia’s greenhouse gas emissions have risen…

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Methane gas, commonly referred to as “natural gas,” is the fossil fuel with the most positive image. Natural gas is marketed as not just cleaner than other fossil fuels, but as “clean”—a demonstrably false descriptor with an endless number of caveats. Oil and gas companies promote gas subsidiaries by prominently featuring the word “clean” in the company’s name or marketing and suggest we pair natural gas with renewable energy as a solution to our greenhouse gas problems. This dubious pairing has found its way into decarbonization policy at both the…

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As per the NEPRA notification, additional collection from consumers will be taken in the context of the November bill, however, the decision will not apply to K-Electric and lifeline consumers. According to a notification issued by NEPRA, the authority, after incorporating the aforementioned adjustments, has reviewed and assessed an increase of Rs.0.4828/kWh in the applicable tariff for XWDISCOs on account of variations in the fuel charges for the month of August 2020. The notification said that the fuel cost per unit of electricity production in August was Rs. 3.68 while…

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