Following years of investment in electric vehicles (EV) from major automakers and innovative new startups, over the last year, sales have faltered, causing many industry players to reassess their previously optimistic forecasts. Many big manufacturers have scaled back operations for fear of an oversupply of EVs before demand for environmentally friendly vehicles increases sufficiently. However, U.S. Treasury Secretary Janet Yellen recently stated that the Biden administration’s Inflation Reduction... Читать дальше...
There are significant discrepancies in trade turnover statistics registered by Kazakhstan and China, with China reporting higher figures.Atameken, the National Chamber of Entrepreneurs (NCE) of Kazakhstan, has signed a memorandum of cooperation with China’s Committee for the Promotion of International Trade. The two sides agreed to exchange information that creates “a basis for strengthening compliance with government laws and regulations on both sides.” The signing ceremony occurred on the sidelines... Читать дальше...
After a sharp decline in the final quarter of 2023, U.S. gasoline prices are surging again in a pivotal election year, offering Republicans a fresh chance to pin the blame on President Biden’s green agenda much to the chagrin of the White House. According to Bloomberg, citing new data from AAA Automobile Club, U.S. gas prices are now on course to hit the dreaded $4-a-gallon mark in the coming months, thanks to rising crude prices amid tightening supplies. But here’s the kicker: under most key metrics... Читать дальше...
Despite feigning interest, Big Oil still appears to oppose the global green transition and could well stand in its way. As Saudi’s state oil company leader condemns the green transition and calls for long-term oil production, other major industry players are voicing their scepticism around renewable energy and clean tech. Despite large investments into green energy and carbon-cutting projects from several oil and gas majors, Big Oil still appears to be heavily favouring fossil fuel production. This month... Читать дальше...
Climate Action 100+, a lobby group comprising many of the world’s biggest asset managers, has criticized Big Oil majors for falling short of a set of criteria devised to assess a company’s preparedness for a net-zero world. The finding, as detailed in a recent Reuters report, is hardly a surprise since it has been a while since anyone involved in the transition push had a good word to say about the oil industry. However, the timing of this latest attack on the oil industry is notable. Climate Action... Читать дальше...
