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Germany gambles on green with carbon cap plan

9 hours ago DieselGasoil Comments Off on Germany gambles on green with carbon cap plan
BERLIN (Reuters) – The German government is set to present a new climate-change policy on Friday that will likely include a carbon-pricing initiative to cap the use of fossil fuels in Europe’s largest economy, where the Greens party is enjoying a surge in support.   The plan – the world’s largest experiment so far in Read More

Enel pledges to cut greenhouse gas emissions by 70% to 2030

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MILAN (Reuters) – Italy’s biggest utility Enel (ENEI.MI) aims to cut its direct greenhouse gas emissions by 70% to 2030 as a step towards its 2050 full decarbonisation target. In a statement on Wednesday Enel said the new commitment to 2030, from 2017 levels, follows a UN pledge to limit the maximum global temperature increase Read More

Youth climate activists to join Sweden’s Thunberg in protest at U.S. Supreme Court

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WASHINGTON (Reuters) – Seven young Americans who have sued the U.S. government for failing to take action on climate change will join Swedish teen activist Greta Thunberg on the steps of the Supreme Court on Wednesday to urge political leaders and lawmakers to support their legal fight and take action to phase out the use Read More

Guggenheim’s Minerd says aggressive Fed moves can delay recession, but not avoid it

19 hours ago DieselGasoil Comments Off on Guggenheim’s Minerd says aggressive Fed moves can delay recession, but not avoid it
FILE PHOTO: Scott Minerd, Chairman of Guggenheim Investments and Global Chief Investment Officer, speaks during the Reuters Global Investment 2019 Outlook Summit, in New York, U.S., November 12, 2018. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Guggenheim Partners global chief investment officer Scott Minerd warned on Tuesday the firm’s recession forecast model showed a 58% Read More

GM stops paying for health insurance for striking union workers; talks continue

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BOWLING GREEN, Ky. (Reuters) – General Motors Co shifted health insurance costs for its striking workers to the United Auto Workers union as its members walked the picket line for the second day on Tuesday. The UAW on Monday launched the first company-wide strike at GM in 12 years, saying negotiations toward a new national Read More

Investors turn heat on Big Oil ahead of U.N. climate summit

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LONDON (Reuters) – Investors managing $15 trillion in assets turned up the heat on oil and gas sector on Wednesday ahead of a United Nations summit in New York aimed at accelerating efforts to fight climate change. FILE PHOTO: Vapor is released into the sky at a refinery in Wilmington, California March 24, 2012. REUTERS/Bret Read More

WATCH Indian Air Force test-fire homegrown Astra missile from a Russian jet

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The Indian Air Force has carried out a successful test of the Astra, its first homegrown air-to-air missile system. The trial launch from a Sukhoi Su-30 fighter jet was captured in impressive video footage. In the clip, the IAF’s Su-30MKI can be seen firing off its rocket-propelled payload, which quickly travels out of view. The Read More

Swedish climate activist Thunberg asks U.S. Congress for action, not praise

1 day ago DieselGasoil Comments Off on Swedish climate activist Thunberg asks U.S. Congress for action, not praise
WASHINGTON (Reuters) – Swedish teenage climate change activist Greta Thunberg on Tuesday called for action, not praise, from U.S. lawmakers as she joined other youth leaders in kicking off two days of meetings and speeches on Washington’s Capitol Hill. Swedish 16-year-old youth climate activist Greta Thunber sits on the side amongst other youth climate activists Read More

Trump to bar California for setting vehicle emissions rules: sources

1 day ago DieselGasoil Comments Off on Trump to bar California for setting vehicle emissions rules: sources
FILE PHOTO: Reacquired Volkswagen and Audi diesel (gasoil) cars sit in a desert graveyard near Victorville, California, U.S. March 28, 2018. REUTERS/Lucy Nicholson WASHINGTON (Reuters) – The Trump administration will announce as early as Wednesday it is revoking California’s authority to set its own vehicle greenhouse gas standards and declare that states are pre-empted from Read More