By Nichola Groom (Reuters) -The United States will impose new duties on imports from some major Chinese solar panel makers after a months-long investigation found they were trying to dodge tariffs by finishing their products in Southeast Asian countries, trade officials said on Friday. The preliminary decision was bad news for U.S. solar project developers […]
Rolls-Royce successfully tests hydrogen-powered jet engine
Reuters | November 28, 2022
LONDON (Reuters) – Britain’s Rolls-Royce said it has successfully run an aircraft engine on hydrogen, a world aviation first that marks a major step towards proving the gas could be key to decarbonizing air travel. The ground test, using a converted Rolls-Royce AE 2100-A regional aircraft engine, used green hydrogen created by wind and tidal […]
Honeywell to pay $1.3 billion to resolve asbestos-related claims
Reuters | November 21, 2022
(Reuters) – Honeywell International Inc will pay $1.3 billion to end asbestos-related claims stemming from its former unit, the industrial giant said on Friday, helping it reduce its environmental liabilities. The settlement, as part of a deal with North American Refractories Asbestos Personal Injury Settlement Trust, will help the aerospace manufacturer eliminate its funding obligations […]
U.S. awards $1 billion to electrify school bus fleets
Reuters | October 26, 2022
(Reuters) – The Biden administration on Wednesday unveiled nearly $1 billion in awards to U.S. school districts to replace aging, gas-fueled school buses with cleaner, mainly electric models. The funding is the first tranche of $5 billion that the U.S. Environmental Protection Agency (EPA) will hand out over five years through a clean school bus […]
BlackRock raises $4.5 billion for climate-focused infrastructure fund
Reuters | October 26, 2022
(Reuters) – BlackRock Inc has raised $4.5 billion out of an overall $7.5 billion-target for a new fund to invest in infrastructure assets aimed at climate-focused projects, the world’s largest asset manager said on Tuesday. BlackRock, which manages around $8 trillion in assets, said public and private pension funds, sovereign wealth funds, insurance companies and […]
Group of countries to push EU for gas price cap -letter
Reuters | September 26, 2022
By Kate Abnett BRUSSELS (Reuters) – A group of European Union countries want to push Brussels to produce plans this week for a bloc-wide cap on the price of gas, according to a draft letter seen by Reuters. The EU proposed a package of emergency measures to tackle soaring energy prices earlier this month, but […]