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UK’s biggest onshore wind farm gets green light from SSE

Bloomberg SSE Plc’s shares jumped after the utility committed to building a giant onshore wind park that’ll be key to the UK’s fight to slash its carbon emissions. The 443-megawatt Shetland Island wind farm is part of a $9.4 billion spending spree announced by the Scottish utility on Wednesday that’ll go towards decarbonisation projects in the next five years. Shares ...

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Goldman sees $16trn opening as renewables pass oil and gas

Bloomberg Spending on renewable power is set to overtake oil and gas drilling for the first time next year as clean energy affords a $16 trillion investment opportunity through 2030, according to Goldman Sachs Group Inc. Renewables including biofuels will account for about a quarter of all energy spending next year, up from about 15% in 2014, Goldman analysts including ...

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Japan’s new wave: Cash, bankruptcy, inequality

Despite trillions of dollars of stimulus sloshing around and credit being funneled into the global economy, the coronavirus is forcing countless businesses into bankruptcy. The weak are getting weaker, and the big are thrown lifelines. That divide will only grow wider. The case of Japan, where insolvencies are rising sharply, shows that no matter how much cash you have, size ...

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