Energy

Share to Twitter Share to Linkedin Stephanie Ricci contributed to this story. Cities around the globe are increasingly ditching fossil fuels as an energy source and embracing a clean energy transition to reach climate targets. But how can urban areas cover all their electricity needs while facing the cost challenges posed by electrification? According to the major energy distributor, Énergir, the key lies in having a diverse energy sources. “The cleanest energy is the one we don’t consume,” said Éric Lachance, CEO of Énergir. “A sustainable world is about the right energy at the right place, at the right time.” Énergir, formerly known as Gaz Métro, is a Quebec-based natural gas and power provider involved in developing renewable, liquefied and compressed natural gas, solar and wind power, and hydroelectricity. Servicing Quebec and Vermont, it is considered a major player on the consumer side of the Canadian gas market, providing roughly 97 % of Quebec’s …

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- A + A KUALA LUMPUR (Oct 27): Petronas and key ASEAN energy players are discussing opportunities to intensify collaboration on methane emissions management in the region by leveraging collective capabilities, global best practices and insights. In a statement today, Petronas said the discussion was held at the inaugural virtual ASEAN Energy Sector Methane Roundtable 2021 on Oct 26, 2021. In his welcoming address, Petronas president and group chief executive officer (CEO) Tengku Muhammad Taufik said it is imperative for ASEAN to embrace a transition strategy that is responsible and equitable to ensure the sustainability of its energy system. “ASEAN has the potential to showcase itself as an effective regional collaboration in reducing greenhouse gas (GHG) emissions. “Through coordinated actions under the roundtable, we can undertake more deliberate steps in addressing our collective methane emissions towards supporting the Nationally Determined Contributions of …

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Crestwood Equity Partners ( NYSE:CEQP ) is getting a lot bigger. The master limited partnership (MLP) is acquiring rival Oasis Midstream Partners ( NASDAQ:OMP ) in a $1.8 billion deal. The combination will create a $7 billion midstream company while significantly increasing its cash flow. That will give it the fuel to grow its already sizable dividend payment . Here's a closer look at the deal and what it means for the high-yield dividend stock . Image source: Getty Images. Drilling down into the deal Crestwood Equity Partners is acquiring Oasis Midstream Partners in a cash-and-stock transaction. Overall, it's paying $160 million in cash, issuing 33.8 million of its common units, and assuming $660 million of debt to acquire Oasis Midstream Partners. All the cash is going to oil and gas producer Oasis Petroleum ( NASDAQ:OAS ) , along with 21 million units, in exchange for its 33.8 million unit stake in Oasis Midstream and its …

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- A + A KUALA LUMPUR (Oct 27): Gadang Holdings Bhd posted a net profit of RM3.69 million for its first quarter ended Aug 31, 2021 compared to a net loss of RM455,000 a year ago, helped by higher contributions from its construction, property and utility businesses. Quarterly revenue rose 16.68% to RM134.64 million from RM115.39 million, the group said in its bourse filing. The group said its construction division posted an improved profit before tax (PBT) of RM1.67 million, from RM349,000 in the preceding year's corresponding quarter, due to higher work progress for ongoing projects. The property division also recorded a higher PBT of RM4.78 million, compared with RM3.05 million previously, driven by better sales. The utility division, meanwhile saw its PBT rise to RM2.55 million from RM1.99 million, thanks to lower operating costs. On a quarter-on-quarter basis, however, Gadang’s net profit was slightly below the RM3.7 million posted in the immediate preceding …

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- A + A KUALA LUMPUR (Oct 27): Pakatan Harapan (PH) has proposed 12 key strategies for Budget 2022, including an immediate injection of the RM45 billion Covid Fund as agreed in the memorandum of understanding between the opposition coalition and the government. The RM45 billion should comprise at least RM4 billion for the Ministry of Health, RM30 billion financial grants and subsidies for the economic sector, RM6 billion in work hiring incentives, and at least RM5 billion for households, said PH. In shadow budget released on Wednesday, PH called for the strengthening of parliament as an effective and genuine bipartisan platform. It said the government should empower the parliamentary special select committees (PSSC) by allowing them to scrutinise and review policies, bills and budgets, prior to tabling in the main chamber. In order to build this foundation, PH stressed it is important that all ministries are shadowed by PSSCs. “Currently, there are only 10 …

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London (CNN) It's now less than two weeks until Boris Johnson welcomes the world to Glasgow, Scotland, where he will host the COP26 international climate talks at a crucial moment in our planet's history. Over the course of a fortnight, the British Prime Minister hopes he can shepherd some of the most powerful leaders on Earth to accelerate reductions in greenhouse gas emissions over this decade. It's impossible to overstate how important this summit is for Johnson's image internationally. He has claimed, ever since the UK voted to leave the European Union, that Brexit was an opportunity for his country to become a more active member of the global community, leading the way in reforming global trade, the international rules-based order and tackling the climate crisis. From 'net zero' to 'mitigation,' here's how to sound smart on climate For COP26 to be considered a success, Johnson and Alok Sharma, his COP26 President, will need …

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London (CNN) COP26 President Alok Sharma called out the G20 nations that have not increased their pledges on climate ahead of the international talks in the Scottish city of Glasgow, which begin in less than three weeks , alluding to nations like China, India, Australia and Saudi Arabia. In a speech at the UNESCO World Heritage Center in the French capital, where nearly 200 nations struck the landmark Paris Agreement in 2015, Sharma reminded G20 leaders that their climate and energy ministers in July agreed to set out ambitious 2030 emission-reduction targets before COP26. So far, the UK, France, Italy, Germany, the EU, Canada, the US, Argentina, Japan, South Korea and South Africa have boosted commitments, he said. China, India, Australia and Saudi Arabia are among those left. "And now, the rest must deliver," he said. "So I say to those G20 leaders, they simply must step up ahead of COP26." What is COP26? How the pivotal UN …

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Climate tech startups have raised more money in 2021 than in any year before—and nearly five times more than in 2016, just after the Paris climate agreement was signed. This year, so far, climate-focused startups have raised $32 billion, according to a new report from Dealroom and London & Partners. advertisement Northvolt, a Stockholm-based company that uses clean energy to make batteries, raised $2.8 billion in growth equity. Rivian, a U.S.-based electric vehicle manufacturer making delivery vans for Amazon, raised $2.5 billion. SVolt, a Chinese EV battery manufacturer, raised $1.4 billion. Goodleap, an American residential-solar finance company, raised $800 million in VC funding. Redwood Materials, a battery-recycling company launched by Tesla cofounder JB Straubel, raised $775 million in a Series-C round. And the list goes on. There are three main drivers behind the surge in climate investments, says Stephen Feline, the North America director for London …

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Solar power is growing quickly, but it still makes up only around 3% of the world’s electricity production—and to address climate change, that number may need to grow to 60% or more. The supply chain is one of the factors limiting growth: Bottlenecks in the production of key components are slowing down production. But in a lab in Oakland, California, a startup is working on a redesigned solar cell that could cut the cost of manufacturing in half—and make it easier to make solar cells in the U.S. and other parts of the world. advertisement advertisement “We thought, let’s see if there’s another way to reimagine the way we manufacture,” says David Berney Needleman, CEO of the startup, called Leap Photovoltaic. The company’s design eliminates silicon wafers, a component used in almost all solar cells, which are expensive to produce, energy intensive, and create waste. Instead of using wafers, the process goes straight from silicon to finished solar cells, …

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Whether you’re a leader who needs to address a team member’s performance or you’re an employee who is unhappy about a situation with your boss, difficult conversations happen at work. Fortunately, these kinds of talks aren’t a daily occurrence, but that doesn’t make them any easier. advertisement advertisement Avoiding them can have consequences that make the situation worse, says Roberta Matuson, author of Can We Talk? Seven Principles for Managing Difficult Conversations at Work . “We’re seeing a surge in employee turnover,” she says. “A lot of people believe, ‘Why bother talking to my boss?’ You wonder if people had taken the time to try to talk things out whether that might have had a different ending.” Conversations are hard enough, but remote working arrangements add another degree of difficulty. There are some things you should do when you need to have a difficult virtual meeting. Get Clear on Your  Objective The first step is to …

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