Bloomberg Norway’s top court dismissed an attempt by climate activists to halt Arctic oil exploration by Western Europe’s biggest petroleum-producing nation. The Nordic government beat back a lawsuit by environmental groups in the country’s Supreme Court, which ruled on Tuesday the authorities had acted lawfully by awarding exploration licenses in the Barents Sea to companies including Equinor ASA, Aker BP …

Bloomberg China is limiting power supplies in some provinces as cold weather and the country’s industrial recovery boost demand. Power supplies are being cut to some industrial and commercial customers in Hunan and Jiangxi provinces, where demand has jumped by at least 18% over the previous year, Zhao Chenxi, an official with the National Development and Reform Commission said at …

Bloomberg Sasol has agreed to sell its stake in a 175-megawatt gas-fired power plant in Mozambique to Azura Power for about $145 million as part of an accelerated disposal program to pay down debt. The sale of its 49% shareholding in the Central Termica de Ressano Garcia plant is subject to conditions including a pre-emption right by state-owned Electricidade de …