Before 2016, Pakistan had a single coal-fired plant. It now has nine, supplying 15 per cent of the nation’s electricity, with another four under construction. Solar power provides about 1 per cent of energy needs and is getting a tiny sliver of investment compared with what’s going into coal. Solar and other renewables may someday […]
The Australian federal government is facing a lawsuit over damage done to Indigenous land by a decades-old mining project. Gumatj leader Galarrwuy Yunupingu revealed on Saturday that he and his people were taking legal action against the commonwealth, seeking compensation for the loss of native title over the minerals exploited by mine operator Nabalco and its successor, […]
This year’s monsoon season is nearing its half-way mark, but the reservoirs do not show any appreciable improvement in water stocks with 76 out of the 100 reservoirs in the country continuing to remain below 40 per cent of their total capacities, reports The Indian Express. admin
China’s crude oil imports from Iran sank almost 60% in June from a year earlier, Chinese customs data showed on Saturday, following the end of a waiver on U.S. sanctions at the start of May, Reuters reported. admin
A stout U.S. military deterrent to those who might threaten oil and gas flows from the Gulf does not guarantee stable prices, but it helps reduce the risk of both damaging spikes and the geopolitical risk premium that markets generally price-in during periods of instability in the region, Gabriel Collins writes in The National Interest […]
Coffee leaders from Brazil and Colombia, the world’s two largest producers of arabica coffee, met in advance of next month’s World Coffee Producers Forum in Brazil to discuss solutions to the ongoing price crisis, reports Daily Coffee News. admin
G20 countries have almost tripled the subsidies they give to coal-fired power plants in recent years, despite the urgent need to cut the carbon emissions driving the climate crisis. The bloc of major economies pledged a decade ago to phase out all fossil fuel subsidies, reports The Guardian. admin
THE value of Australian crop production is forecast to remain unchanged from 2018–19 at $30 billion, weighed down by lower prices compared to the high domestic grain prices 2018–19, according to ABARES’ June quarter Agricultural Commodities Report. admin
The export-dependent Washington state apple industry is a worried lot after India hiked duties on the fruit, saying it is “very hard” to sell products to other markets when “you lose a reliable and established market,” reports PTI. admin
Global oil demand growth is slowing. That is the view of all three major oil forecasting organisations, who have cut their assessments for what they expect in terms of an increase in crude consumption this year. The latest outlooks from the International Energy Agency, the U.S. Energy Information Administration and the Organisation of Petroleum Exporting […]
