Article content MONTREAL — Lion Electric Co. is opening the door to a possible sale of the company as the electric bus maker struggles to staunch an ongoing cash bleed. In a statement Monday, the Quebec-based manufacturer said it is considering various sources of financing as well as alternatives that “include a sale of the […]
Article content (Bloomberg) — Brazil is moving forward with plans to import natural gas from Argentina’s Vaca Muerta formation in a sign that bilateral business deals can overcome a complicated political relationship. Brazil’s energy ministry signed a memorandum of understanding with Argentina on Monday to identify necessary infrastructure to increase natural gas supplies, Brazil’s ministry […]
Article content (Bloomberg) — A plunge in water levels at the world’s largest man-made reservoir, which has left Zambia and Zimbabwe without power for hours, shows why they need to diversify their energy sources, according to a top official. “The over-dependence on hydropower has exposed the vulnerability of the energy mix,” Zambia’s Energy Minister […]
Article content (Bloomberg) — Turkey denied permission for Israeli President Isaac Herzog’s plane to fly through its airspace to Azerbaijan to attend the COP29 climate summit, which he skipped, according to a person familiar with the situation. Turkish President Recep Tayyip Erdogan’s administration closed the shortest and safest route for Herzog to travel to the […]
Article content (Bloomberg) — French dealmaker Erik Maris has agreed to join boutique advisory firm Perella Weinberg Partners LP to strengthen its coverage of French and European clients across sectors. Maris, 60, is taking on a senior role and will be working closely with Perella’s partners including David Azema in Paris and Dietrich Becker in […]
Breadcrumb Trail Links PMN Business Weeks after the start of her government, Mexican President Claudia Sheinbaum is giving signs that she’ll come down on the side of the US over China, if she’s forced to choose. Author of the article: Bloomberg News Maya Averbuch Published Nov 17, 2024 • 6 minute read Mexican President Claudia […]
Article content (Bloomberg) — Joe Biden will announce new conservation efforts and funding when he becomes the first sitting US president to visit the Amazon on Sunday. The US president is expected to visit a rainforest nature preserve and meet with local leaders engaged in conservation efforts. Brazilian President Luiz Inacio Lula da Silva, who’s […]
Article content (Bloomberg) — A fight is building at the United Nations climate talks over whether countries should recommit to last year’s historic pledge to transition away from fossil fuels. European and US negotiators see restating commitments agreed last year, including a boost in efficiency and renewable energy deployment, as essential to prevent backtracking on […]
Breadcrumb Trail Links PMN Business The Biden administration is weighing a last-ditch push for an international agreement that would restrict financial support for foreign oil and gas projects before critical talks start in Paris. Author of the article: Bloomberg News Jennifer A. Dlouhy Published Nov 16, 2024 • 3 minute read A Marathon Petroleum Corp. […]
Breadcrumb Trail Links PMN Business A growing number of startups are searching for geologic hydrogen from the US Midwest to Australia and hoping for a “Spindletop moment.” Author of the article: Bloomberg News Michelle Ma and David R Baker Published Nov 16, 2024 • 7 minute read k4s(9ks9q[hmgg5qwlu(e}92_media_dl_1.png Bloomberg Article content (Bloomberg) — A new Gold […]