April, 2022

• 18 April

  Texas gas pipeline triggers methane leak

  

    Bloomberg A natural gas pipeline in Texas leaked so much of the super-potent greenhouse gas methane in little more than an hour that by one estimate its climate impact was equivalent to the annual emissions from about 16,000 US cars. The leak came from a 16-inch (41-centimeter) pipe that’s a tiny part of a vast web of unregulated lines …

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• 18 April

  China eyes Tibet’s wind for clean energy

  

    Bloomberg China has identified enough wind energy potential in Tibet to power the UK, Germany and France combined, and plans to further develop the region to help meet its ambitious climate targets. Tibet has enough sites with strong, steady wind to install 600 gigawatts of turbines, with another 420 gigawatts possible in parts of the plateau in neighboring regions …

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• 18 April

  Pakistan cuts power to households on fuel shortage

  

    Bloomberg Pakistan is cutting electricity to households and industry as the cash-strapped country can no longer afford to buy coal or natural gas from overseas to fuel its power plants. The South Asian nation is struggling to procure fuel from the spot market after prices of liquefied natural gas and coal surged to records last month as the war …

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• 18 April

  China jitters mount as easing calls echo across trading floors

  

  Bloomberg Investors have a clear message to China’s policy makers: more stimulus is needed, and quickly, to reignite a stalled recovery in markets. The People’s Bank of China (PBOC) decision to give lenders a modest cash boost was met with declines in equities on Monday. And with data showing consumer spending took a dive in March, weighing on sentiment, traders …

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• 18 April

  US futures, bonds drop as economic outlook fades

  

    Bloomberg US equity futures fall on Monday, while Treasury yields rise, as a jump in energy costs highlighted inflation concerns and cracks in China’s Covid-19-afflicted economy dimmed the growth outlook. US index futures followed a decline in Asia-Pacific stocks, which were sapped by Japan and China. Markets in Australia, Hong Kong and much of Europe remain shut for Easter. …

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• 18 April

  Draghi says EU can cut Russian energy dependence sooner

  

  Bloomberg Europe can reduce energy dependence on Russia quicker than previously estimated, Mario Draghi said in an interview with Corriere della Sera. “Diversification is possible and feasible relatively quickly, shorter than we imagined just a month ago,” the Italian prime minister said after reaching an agreement to increase gas imports from Algeria. “We have gas in storage and will have …

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• 18 April

  Macron vows to end fossil fuels use in France if re-elected

  

  Bloomberg President Emmanuel Macron vowed to end the use of fossil fuels in France if re-elected, eight days before he faces far-right leader Marine Le Pen in a run-off election. Speaking at a campaign rally in the southern city of Marseille, Macron said he would appoint a minister of energy planning whose mission “would be to make France the first …

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• 18 April

  Russia gas exports fall on spot price drop, warm weather

  Bloomberg Gazprom PJSC’s average daily exports to key foreign buyers so far in April fell to lowest in three months, as warmer weather and lower spot prices started to lure European clients away from Russian gas. The gas giant exported an average of 407 million cubic meters a day to countries outside the former Soviet Union in the first 15 …

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• 18 April

  Jeep funds electric future with a 16 MPG gas-power behemoth

  

    Bloomberg Jeep, the iconic American SUV brand, wants to convince the world it’s going green, even if it doesn’t yet have the electric vehicles to show it. The itinerary of Christian Meunier, the global head of Jeep, shows the two worlds the brand is straddling. For a few days, he was off-roading in Moab, Utah, in electric concept versions …

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• 18 April

  Barclays’ ‘opaque’ pension plan deals draw regulatory scrutiny

  

    Bloomberg UK regulators have warned banks against carrying out complex pension plan deals that are structured to delay any hit to capital reserves, a broadside that analysts say could affect Barclays Plc. The Prudential Regulation Authority (PRA) said in a statement that lenders should avoid entering into agreements that defer the impact of pension scheme contributions as they could …

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