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...“Eighty per cent of the consumption of hydrocarbons [oil and gas] by 2050 is going to be in the Global South. Today it is 40 per cent in the Global North and 60 per cent in the Global South....
...Wood Mackenzie added that many companies in the oil and gas industry had low levels of borrowing and would be relatively unaffected by higher rates....
...But Equinor is still first and foremost an oil and gas company....
...French software and automation company Schneider Electric has said it is in talks over a potential deal with Bentley Systems, a US software specialist with a market value of roughly $15.6bn....
...“Gas is the only cost-efficient energy generation capable of providing the type of 24/7 reliable power required by the big technology companies to power the AI boom,” said Doug Kimmelman, ECP founder and...
...Is the electric vehicle market starting to run flat?...
...“Based on today’s policy settings alone, almost one in three cars on the roads in China by 2030 is set to be electric, and almost one in five in both the United States and EU....
...Failed electric van start-up Arrival collapsed owing close to £200mn and holding less than £150,000 of cash, insolvency documents show....
...hybrids and fully electric vehicles....
...The company has, so far, drawn $35mn in investment from the likes of Goodyear Ventures and Gogoro, the Taiwanese electric scooter and battery-swapping provider....
...The results come at a turbulent time for Musk and the electric vehicle sector....
...In China’s hyper-competitive electric vehicle market, a company usually needs more than just a new model for a stock price boost....
...Last September, the government delayed the planned national ban on the sale of new petrol and diesel cars, from 2030 to 2035....
...Sunnova appointed Paul Mathews as executive vice-president and chief operator officer of the residential solar company....
...Games maker Embracer, which soared during the pandemic gaming boom, this week said it would split into three Stockholm-listed companies to address slower sales growth and too much debt....
...Sales growth of electric cars has slowed in the past year, with carmakers increasingly forced to discount models in order to generate sufficient consumer demand, while companies from General Motors and Ford...
...He was responding to claims made recently by the founder and chief executive of CATL, the Chinese company that dominates the electric vehicle battery industry, that the much-hyped solid-state batteries did...
...Thousands of imported vehicles, many of them electric cars made in China, are clogging up European ports....
...“We don’t have 22 screens, we don’t have electric seats, and [this approach] resonates more and more, because some people are saying: don’t spend your money on useless things....
...Souki was ousted from the company in December. Tellurian has warned of “substantial doubt” about its ability to continue as a going concern and has said it is exploring a sale....
...They are still worthwhile for people in sprawling suburbs, who drive long distances every day and who will earn back the emissions and the financial outlay by never buying gas again....
...Tesla investor Christopher Tsai from Tsai Capital said that while he expected competition for electric vehicles would intensify and that Tesla would lose market share, “we also believe the company will increase...
...The decade-long effort to build a product that competes with the likes of Tesla and Rivian has never been officially confirmed by Apple, and a spokesman for the company declined to comment....
...Uchida said on Monday that the company would explore new partners in Japan and the US as it looked to remain a major global player....
...Rolling-stock leasing companies, or Roscos — which are owned by financial investors — were set up to supply new trains to the UK railway following privatisation in the 1990s, and have proved highly profitable...
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