Latest news
Luxembourg to become a European funding center for renewables
At the COP23 summit held in Bonn, Luxembourg’s finance and environment ministers met directors of the European Investment Bank to discuss about the institution of a de-risking mechanism to allow the financial backing of ecologically-friendly projects. Luxembourg is a very small country but releases a big amount of emissions and wants to become less polluting.
read more... 20/11/2017
Daily (11.10.2017): EU carbon contracts hit the highest level in a month on Tuesday
Oil prices increased on Tuesday after Saudi Arabia declared it would reduce oil exports in November, while a huge amount of U.S. offshore output remained offline.
read more... 11/10/2017
Poland: Energa wishes to stop purchasing renewable power certificates
According to Polish Energa calculations, an amount of around 110 million zlotys ($31.20 million) could be saved next year if it cancelled long-term contracts which were signed for purchasing certificates that displayed some of its power was produced from renewable sources.
read more... 12/09/2017
Extraction of extra 900 million barrels of oil is possible from the vast UKCS fields
A huge amount of oil could be pulled out from a certain number of massive oil fields in the UK Continental Shelf (UKCS).
read more... 07/09/2017
Russia: Q2 net income of Gazprom falls by 80% year-on-year, forecast missed
Russia’s Gazprom declared recently that the net income for the second quarter fell lower than expected compared to the same period of 2016, or by over 80% to 48 billion roubles ($817.3 million), because of losses related to foreign exchange rates. The forecasted amount earnings for second quarter was 50.2 billion roubles.
read more... 30/08/2017