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AGL starts technology JV with UK energy supplier

Bloomberg AGL Energy Ltd, Australia’s largest electricity retailer, will launch a joint venture with Ovo Energy Ltd. to use the UK utility’s technology platform Kaluza. As part of the agreement, AGL will invest in Ovo Energy Australia to adapt the Kaluza platform for its domestic market. The aim is to digitalize AGL’s services and offer customers smart products as households ...

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China coal giants surge 10% on rising prices

Bloomberg China’s coal mining giants surged on Monday after promising generous dividend payouts and as prices for the fuel jumped on supply tightness. Shares for China Shenhua Energy Co. and Yanzhou Coal Mining Co. both rose more than 10% in Hong Kong. The companies, China’s largest listed miners by production, said Friday they would give the lion’s share of 2020 ...

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A better way for farmers to cash in on carbon

There’s growing enthusiasm inside and outside the Biden administration for establishing a market that would make carbon dioxide a cash crop for US farmers. The potential climate benefits are huge: US farms have the capacity to sequester hundreds of millions of metric tons of C02 every year — many times the amount of carbon offset annually by the country’s solar ...

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