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UAE highlights its clean, renewable energy targets at COP24

KATOWICE / WAM The UAE delegation to the 24th Conference of the Parties, COP24, to the United Nations Framework Convention on Climate Change (UNFCCC), in Katowice, Poland, attended the official opening ceremony of the event and the High-level Segment for Heads of State and Government. The delegation joined attendees from more than 190 countries and territories at the meeting, aimed ...

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Canada joins oil cut drive as Alberta seeks to ease glut

Bloomberg Canada’s largest oil producing province ordered an unprecedented output cut, an effort to ease a crisis in the nation’s energy industry and adding to global actions to combat a recent price crash. The plan will reduce production of raw crude and bitumen from Alberta by 325,000 barrels a day, or 8.7 percent, from January until excess oil in storage ...

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Australian govt may be targeting wrong culprit for power price jump

Bloomberg The Australian government hounding the gas sector to get power bills down is overlooking the surge in the price of coal, which fuels the bulk of the country’s generation. The cost of coal power in Australia has doubled from 2016 levels, in line with seaborne spot prices of the fuel, Bloomberg NEF said in a report on Monday. That’s ...

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