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...JPMorgan forecasts that the world will need 108mn barrels of oil a day in 2030, and that building more wind, solar and electric vehicle capacity could add a further 2mn daily barrels to this total....
...The writedown is also more than double the cut taken in percentage terms on Thames Water in 2022 by the utility’s biggest investor, the Ontario Municipal Employees Retirement System, one of Canada’s biggest...
...Is the electric vehicle market starting to run flat?...
...Rome has a stake of about 24 per cent in the utility....
...The 93-year-old Buffett and his anointed successor Greg Abel have been watching as billions of dollars of liabilities accumulate at Berkshire’s energy division, where its largest electric utility is wrestling...
...Meanwhile, the price of electric cars continues to come down and their market share keeps rising....
...Such electro-thermal installations, variously made of rocks, bricks and other materials heated with an electric coil, aim to solve one of the energy transition’s largest and least talked-about problems....
...We've been called a really balkanised electric system, which means there's a lot of different players, whether they're for-profit utilities, non-profit, co-ops, and municipals, the public power side of it...
...Its announcement to invest $14bn to develop smart cars to take on rivals in the premium segment last month follows its launch of its electric supercar and luxury off-road hybrid sport utility vehicle....
...US electricity demand is booming after years of stagnation, driven by emerging technologies such as artificial intelligence and electric vehicles and prompting warnings over the stability of the power grid...
...Biden will pitch his re-industrialisation strategy, while Trump lashes out at green energy policies and the promotion of electric vehicles. “If we win Michigan, we win the election,” Trump has said....
...Its factory in the middle of the deep sub-Arctic forest is vast and will eventually make 60GWh of batteries a year, enough to power about 1mn electric cars....
...The announcement is part of a series of planned reforms to the power market to help it adapt to the rise of renewable energy that Coutinho will unveil on Tuesday....
...One of the world’s biggest producers of wood pellets sold to power utilities has filed for US bankruptcy, a downfall for a business seen by its backers as an alternative energy source to oil and gas....
...Rivian is pausing construction on building a new factory in Georgia and instead plans to build its new, less expensive sport utility vehicle at its plant in Illinois....
...Rivian is pausing construction of a new factory in Georgia and instead plans to build its new, less expensive sport utility vehicle at its plant in Illinois....
...Sales of SUVs rose 24 per cent to nearly 69,000 vehicles sold. Truck sales increased just over 1 per cent, and car sales fell 17 per cent. Electric vehicle sales rose 80 per cent....
...The first of the two China-specific models will be a sport utility vehicle, the German carmaker said on Thursday....
...Project delays and cost overruns also sapped confidence in the industry and forced several high-profile US companies, such as Centrus Energy Corp and Westinghouse Electric Co, to file for bankruptcy....
...But the Indian company is working on catching up in the shift to electric by launching three of its own electric SUVs this year....
...The FT also has a story today on whether European carmakers can rival China’s BYD, the world’s largest manufacturer of electric vehicles....
...Recently, Spanish bank BBVA issued a loan to electric utility company Iberdrola where the rate of interest was linked to specific water indicators....
...Two US utilities in the west, PG&E and Hawaiian Electric, have faced steep financial distress from wildfire liabilities in recent years....
...Helping boost the fortunes of the large-cap indices was Apple, which moved into the positive territory after media reports said it would stop work on an electric car....
...Share moves to note on the New York Stock Exchange include Berkshire Hathaway, Domino’s Pizza and Alcoa: Warren Buffett’s Berkshire Hathaway dipped 0.9 per cent after it said its electric utility PacifiCorp...
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