December, 2018

• 11 December

  Companies call on consumers to pay for carbon capture tech

  

  Bloomberg Some of the world’s biggest fossil-fuel producers are calling on taxpayers to help them kick their pollution habit. The world’s biggest oil, natural gas and mining companies are stepping up their campaign to deploy carbon capture and storage, or CCS, as way to slow global warming. But with a potential $90-billion-a-year price tag, it’s too rich for them to ...

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• 11 December

  Big oil is investing more in US shale

  

  Bloomberg Big oil is investing more in US shale, not less, after the recent tumble in crude prices. The US shale sector has helped boost American production to an average of 10.9 million barrels a day this year, the most on record. Output is forecast to grow a further 11 percent next year, according the Energy Information Administration. ConocoPhillips said ...

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• 11 December

  France could save $44.5bn if it bets on renewables

  Bloomberg France will save 39 billion euros ($44.5 billion) if it refrains from building 15 new nuclear plants by 2060, and bets instead on renewable energy sources to replace its all its aging atomic facilities, a government agency said. France should spend 1.28 trillion euros over the next four decades, mostly on clean power production and storage capacities, networks, and ...

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• 11 December

  Mexico set to build $8bn refinery

  

  Bloomberg Mexico plans to start awarding the construction of its seventh refinery as soon as March 2019, President Andres Manuel Lopez Obrador said at an event at the Dos Bocas port, in Tabasco, even as the nation´s refining system is operating at its lowest levels in three decades. Unveiling a plan for the nation’s refining system, Lopez Obrador said Mexico ...

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• 11 December

  Huawei arrest sparks Chinese backlash

  

  Bloomberg Calls to boycott Canadian goods, throw away iPhones and load up on Huawei Technologies Co. handsets are among signs of budding public anger in China over the arrest of the Chinese technology giant’s chief financial officer in Vancouver. A number of Chinese companies have posted notices to their social media accounts proclaiming support for Huawei, while offering employees subsidies ...

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• 11 December

  Grab sees potential boost after Thai poll

  

  Bloomberg Grab hopes Thailand’s upcoming general election will help revive the conversation about legalising ride sharing in the country. Talks about reforming the law can be put back on the table once an elected government is in place, Tarin Thaniyavarn, the head of Grab in Thailand, said in an interview. The military government in power since a coup in 2014 ...

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• 11 December

  Hyundai to spend $6.7bn to boost fuel-cell output

  

  Bloomberg Hyundai Motor Group and its suppliers plan to spend of 7.6 trillion won ($6.7 billion) through 2030 to raise production of fuel cells by more than 200-fold as the South Korean automaker targets to become a key player in the new-energy vehicle technology. The world’s fifth-largest auto group — with Hyundai Motor Co. and Kia Motors Corp. under its ...

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• 11 December

  Ghosn’s lawyers say charges against him are flawed

  Bloomberg Carlos Ghosn’s lawyers said the prosecutor’s case against the fallen car executive is flawed, ramping up their defense of the ousted Nissan Motor Co. chairman following his indictment for financial crimes in Japan. On December 10, Tokyo prosecutors indicted Ghosn for understating his income, charges they’ve said previously could put him in jail for at least 10 years. While ...

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• 11 December

  Hong Kong says no to nano flats over ‘prices’

  

  Bloomberg Could nano flats — billed as one way of solving Hong Kong’s chronic housing shortage — be on the way out as quickly as they grabbed the public’s attention? Two years ago, when the developer of a residential project in the New Territories unveiled units smaller than a parking space, an executive was quoted as saying: “Even the emperor ...

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• 11 December

  Automakers urge US to push hard to open Japanese market

  

  Bloomberg A trade group representing US automakers urged the Trump administration to hold off further opening the American market to Japanese cars until Tokyo shows it’s committed to returning the favour. “We recommend the administration avoid making any concessions that would further open the US market to Japanese imports unless and until there is evidence that Japan is truly committed ...

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