Here’s the question for oil industry investors. Can oil companies scale up clean energy enterprises to replace business lost from a decline in fossil fuel revenues? Some of the oil companies put up a brave front as they boast of their decarbonization plans. Others ignore the question. But at the end of the day— and this is the takeaway— we…
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Deciding when and how to retire an aircraft is a complicated job for airlines, even in normal times. With Covid-19, the world’s fleet has been largely grounded. Many aircraft that might have flown for five, 10 or even more years are being sent to have their valuable parts and systems stripped, and their metals and other materials recycled.Finnair is starting…
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The result, which was confirmed by the Institute for Solar Energy Research (ISFH), in Germany, improves on the company’s previous record of 24.79%, achieved in July. “The record-breaking monocrystalline silicon solar cell was fabricated on a high quality, low defect CZ mono-Si substrate,” the company said in a statement. “Advanced diffusion with highly activated dopant, high-quality surface passivation, JinkoSolar highly…
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KP’s Energy and Power Department (EPD) has published its two-year performance report 2018-20, detailing the provincial government’s landmark achievements in the energy sector so far in its second tenure. According to the report, the KP government has started three hydropower projects of 802 MW since 2018. These projects include a 496 MW plant at Lower Spat Gah, 300 MW at…
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KARACHI: Four Pakistani leading coal mining and power generation companies are planning to convert huge deposits of coal into gas and liquid in the Thar desert in southern Sindh province, officials said, as the country moves to ban new coal-fired power plants.Last month, Pakistani Prime Minister Imran Khan told a virtual gathering of global leaders: “We have decided we will…
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Alphabet’s Google aims to power its data centers and offices solely with renewable energy by 2030, its chief executive told Reuters, becoming the biggest company in the world to commit to ditching coal and natural gas power. The “stretch goal,” as CEO Sundar Pichai described it, will force Google to move beyond the tech industry norm of offsetting carbon emissions…
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ISLAMABAD: The government has set ambitious targets to introduce 20% renewable energy by 2025 and 30% by the end of 2030, said Special Assistant to Prime Minister on Petroleum Nadeem Babar during a meeting with British High Commissioner Dr Christian Turner on Thursday. The SAPM shared the structural reforms being carried out in the energy sector in view of the…
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Apple Inc Chief Executive Tim Cook on Saturday called on governments and businesses to implement stronger climate targets starting next year, during remarks at the United Nations’ Climate Ambition Summit. “We call on companies and governments around the world to do all we can to make 2021 the year we turn the corner for good,” Cook said, according to prepared…
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KARACHI: K-Electric on Thursday announced that the Oil and Gas Regulatory Authority (OGRA) has approved its application for a license which will allow it to construct and operate a gas pipeline. According to KE, the pipeline will supply Re-gasified Liquefied Natural Gas (RLNG) to the upcoming RLNG-based 900 MW BQPS-III power plant and supplement fuel requirement of the power plants…
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BEIJING: Chinese business tycoon Jack Ma has reportedly gone missing after speculations emerged that the high-profile businessman made no public appearance for two months. The billionaire was scheduled to appear as a judge in the final episode of his own talent show, ‘Africa’s Business Heroes’, but mysteriously did not turn up for it and as a consequence, his photographs were…
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