Bloomberg TotalEnergies SE has been warned by two UK shareholders that they would divest their stakes if the French company fails to exit its businesses in Russia. The Church of England Pensions Board and the Church Commissioners for England are turning up the heat on the energy major’s Chief Executive Officer Patrick Pouyanne, a sign of the pressure companies …

  Bloomberg Spain plans to set temporary limits on power prices in the coming weeks, in one of the boldest attempts in Europe to stem a surge in energy costs that has forced industries to shut operations and furlough workers. Ecological Transition Minister Teresa Ribera said she is confident the European Council will give the green light to limits at …

Bloomberg Swedish battery-maker Northvolt AB is building a new plant in northern Germany as European car manufacturers accelerate their shift to electric vehicles. The factory, dubbed “Northvolt Drei,” would produce 60-gigawatt hours of battery capacity annually, the company said. Northvolt expects it to produce its first lithium-ion batteries in 2025. The new plant in Germany will boost Northvolt’s overall battery-cell …