Eni working with JP Morgan to sell minority stake in power unit – sources

MILAN -Italian energy group Eni is working with JP Morgan to sell a minority stake in its power generation unit Enipower to help it fund its shift to a low-carbon business, sources said. Non-binding bids are expected in two to three weeks, one of the sources said, adding the group was looking to sell a stake of around 40%. The second source said infrastructure and investment funds had expressed an interest in the deal but…

"Eni working with JP Morgan to sell minority stake in power unit – sources"

Countries’ emissions pledges still fall short of global climate goals, UN says

BRUSSELS – Countries’ latest pledges to cut emissions would fail to avert catastrophic climate change, the United Nations said on Friday, as pressure grows on polluters including China and India to set more ambitious targets before the COP26 summit in November. The U.N. COP26 conference aims to secure more ambitious climate action from the nearly 200 countries who signed the 2015 Paris Agreement and agreed to try to limit human-caused global warming to 1.5 degrees…

"Countries’ emissions pledges still fall short of global climate goals, UN says"

Mining firms in Mexico must face ‘strict’ scrutiny, says senior official

MEXICO CITY – Mining companies in Mexico should expect tough environmental reviews given their projects’ major impacts, a senior official told , insisting that a backlog of evaluations is easing despite industry claims that the opposite is true. A top-10 global producer of over a dozen minerals, Mexico’s multi-billion-dollar mining sector makes up around 8% of Latin America’s second-biggest economy, but miners are concerned they are facing increased hostility from Mexico’s leftist government. Tonatiuh Herrera,…

"Mining firms in Mexico must face ‘strict’ scrutiny, says senior official"

Biden convenes world leaders to discuss climate change ahead of Glasgow summit

WASHINGTON – President Joe Biden convenes world leaders on Friday for a discussion about intensifying efforts to tackle climate change, seeking to build momentum ahead of an international summit on global warming later this year. Biden will hold a virtual meeting of the Major Economies Forum (MEF) from the White House in a follow-up to an Earth Day meeting he hosted in April to unveil new U.S. greenhouse gas emissions reduction targets and press other…

"Biden convenes world leaders to discuss climate change ahead of Glasgow summit"

Extreme heat ravages Greece’s mussel harvest

THERMAIC GULF, Greece – Fisherman Stefanos Sougioultzis cracks open the mussels he cultivated in Greece’s Aegean Sea only to find scores of empty shells. After a summer of scorching heat and warming waters, it was “as if they boiled in their own environment”, he says. “Twenty-five years in mussel farming, we did not expect – we could not imagine – this,” Sougioultzis said aboard his boat in the Thermaic Gulf near Thessaloniki in northern Greece,…

"Extreme heat ravages Greece’s mussel harvest"

Four former VW employees go on trial in Dieselgate lawsuit

BRAUNSCHWEIG, Germany – Four former employees of carmaker Volkswagen went on trial on Thursday over the Dieselgate scandal in which illegal software was used to cheat emission tests. The trial, being held in the city of Braunschweig, close to Volkswagen’s headquarters in Wolfsburg, started without former CEO Martin Winterkorn, whose separate trial will take place at a later date. The four employees, who are accused of fraud, had been aware of the illegal software but…

"Four former VW employees go on trial in Dieselgate lawsuit"

U.S. House panel to probe oil companies over climate disinformation

WASHINGTON – U.S. Democratic lawmakers on Thursday asked the chiefs of four major fossil fuel companies and two lobbying groups to testify next month on whether the industry led an effort to mislead the public and prevent action to fight climate change. House Oversight Committee Chairwoman Carolyn Maloney and Ro Khanna, Chairman of the Subcommittee on Environment, sent letters to chief executives of Exxon Mobil Corp, Chevron Corp, BP USA, Royal Dutch Shell Oil Co,…

"U.S. House panel to probe oil companies over climate disinformation"

U.S. miners decry mineral royalty plan floated in Congress

– U.S. mining companies are blasting proposals in Congress that would set royalties for copper, lithium and other minerals extracted from federal land, with executives saying the measures would hurt domestic production of the building blocks for solar panels, electric vehicles and other green technologies. The House of Representatives Natural Resources Committee added language to the proposed $3.5 trillion reconciliation spending measure last week that would set an 8% gross royalty on existing mines and…

"U.S. miners decry mineral royalty plan floated in Congress"

Factbox-EU priorities in Indo-Pacific shift to counter China

BRUSSELS – The European Union set out a formal strategy on Thursday to increase its presence in the Indo-Pacific and counter China’s rising power, although Australia’s decision to cancel an arms contract with France may complicate cooperation. [L1N2QI0R7] Here are the main focus areas of the EU’s strategy: – TRADE: The EU will work to finalise trade negotiations with Australia and New Zealand, seek a deal with India and strengthen stronger ties with countries where…

"Factbox-EU priorities in Indo-Pacific shift to counter China"