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...BCG’s total revenues climbed just 5 per cent in 2023 to $12.3bn, the firm’s weakest growth in at least seven years....
...This shift will have major ramifications for both the auto industry and the energy sector.”...
...Its former chief executive, Alan Bruce, left the group early this year....
...Yet just as its capital expenditure requirements are increasing, production and cash flows are projected to fall....
...In 2021, battery group Northvolt built Europe’s first homegrown cell in a gigafactory in Skellefteå....
...They are not just acting as a broker of sorts, but they are also investing alongside,” he said....
...Earlier this month, 1Komma5 announced that it had acquired Australian solar provider Arkana Energy Group. Schröder said 1Komma5 was now the third-largest solar provider in Australia....
...The revision comes after the company pledged to devote a higher proportion of spending to oil and gas last year, and other oil groups such as BP have slowed their retreat from oil....
...The chief executive of Ithaca Energy has quit the North Sea oil and gas producer, exiting as the group tries to rebound from a lacklustre first year as a public company....
...The drop just before the long Easter holiday weekend did not seem like a coincidence....
...China counts pure battery EVs and plug-in hybrids as “new energy vehicles”....
...The conference even welcomes a representative of Just Stop Oil, a UK environmental activist group better known for its acts of civil disobedience than its participation in energy forums....
...MainFT, last night: The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants...
...This group of investors generally views Robotaxi (i.e. fully autonomous vehicles running on the Tesla network) as a very long-dated opportunity....
...One of the received tenets of the energy transition was that there was no trade-off between green investing and making money....
...“Energy is a huge opportunity for America and a huge opportunity for Pennsylvania and I think it’s just been mishandled,” said David McCormick, the former Bridgewater boss who is the Republican US Senate...
...While the ticketing business generated just 13 per cent of group revenue last year, it accounted for 60 per cent of total adjusted operating income (AOI)....
...When Vladimir Putin launched a full-scale invasion of Ukraine, just over two years ago, it sparked a global energy crisis that left western nations scrambling to reduce their reliance on Russian oil and...
...They argue that the costs of large plants are not just down to new technology, and note the SMR industry is a long way from commercial deployment while showing signs of strain....
..., an environmental research group....
...“CVR Energy is a cash cow,” said Nick Moglia, a credit analyst with CreditSights....
...His comments come after environmental groups such as Greenpeace attacked the LNG industry, accusing companies of using the energy crisis to lock in contracts for years to come....
...Job moves Shell’s former chief executive Ben van Beurden is joining private equity group KKR as senior adviser for energy transition investments. Van Beurden spent 39 years at the oil major....
...The clean-energy research group said the US imported 50 gigawatts of panels between January and November 2023, a record high....
...Executives attending the annual CERAWeek get-together in Houston expressed confidence that fossil fuel consumption would continue growing, just months after world leaders at the COP28 climate summit pledged...
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