G20 finance ministers and central bankers have concluded their meeting in Brazil with a cautiously optimistic outlook on the global economy. While acknowledging the increasing likelihood of a “soft landing,” they warn of significant risks …
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Brazil Secures G20 Consensus Ahead of Rio Meetings, Avoiding Geopolitical Disputes
Brazil has reached an agreement on consensus documents to be approved at the upcoming G20 finance meetings in Rio de Janeiro next week, according to Mauricio Lyrio, Brazil’s ambassador to the G20. This comes after …
Continue readingItaly’s Renewable Energy Production Surpasses Fossil Fuels for the First Time
Italy has reached a significant milestone in its transition towards a cleaner energy future. Renewable energy production in Italy surpassed fossil fuel output for the first time during the first six months of 2024, according …
Continue readingRecord $241 Million Oil Pollution Penalty for Marathon Oil
The US government has announced a record $241 million settlement with Marathon Oil for alleged air pollution violations at its oil and gas facilities on the Fort Berthold Indian Reservation in North Dakota. The settlement, …
Continue readingBiden Gives $1.1 Billion to GM, Stellantis for EV Production
The Biden administration announced plans to award nearly $1.1 billion in grants to General Motors and Stellantis, the parent company of Chrysler, to convert existing plants for electric vehicle (EV) production and components. These grants …
Continue readingEU Slaps Tariffs on Chinese Electric Vehicles Amid Trade Dispute
The European Union is imposing higher customs duties on electric vehicles (EVs) imported from China, marking the latest flashpoint in a broader trade dispute over Chinese government subsidies and Beijing’s burgeoning green technology exports. The …
Continue readingCalifornia’s Solar Success Creates Unexpected Energy Challenge
California’s ambitious clean energy goals are paying off, with the state producing more solar energy than ever before. But this success has created an unexpected problem: a surplus of solar energy. The phenomenon, known as …
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