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G20 Backtracks on Fossil Fuel Funding Phase-Out

Despite repeated pledges to end inefficient fossil fuel subsidies, the support of G20 governments for fossil fuels and fossil fuel-intensive sectors has reached $243 billion through COVID-19 economic recovery programs, a new report showed Tuesday

Poland’s Szczecin Port Conducts First LNG Bunkering

State-owned oil and gas firm PGNiG and bitumen producer LOTOS Asfalt cooperated to perform the truck-to-ship bunkering at the wharf of Szczecin port with the use of cryogenic LNG tankers

SUNLIGHT, SEAGULL, and CROWN Strategic Partnership on Lithium Batteries in the Supply Chain Sector, With a Strong Environmental Footprint

SUNLIGHT, a member of Olympia Group and a leading technology company in the production of batteries and energy storage systems, is participating in one of the largest strategic partnerships of recent years in Greece, with a critical role in strengthening green infrastructure and investment through the use of lithium batteries.

Morocco Building Africa's Largest Water Treatment Plant

Turkey's Daily Power Consumption Up 1.03% on Nov. 5

Turkey's daily electricity consumption increased by 1.03% on Thursday compared to the previous day to reach 832,551 megawatt-hours, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Friday

Bulgaria Asks EU for Compensation Mechanisms to Cut CO2 Emissions by 2030

Bulgaria could approve the EU's target to reduce carbon dioxide (CO2) emissions by 55% by 2030, provided that the country is supported through adequate compensation mechanisms, the government said

Polish Oil Group PKN Orlen Seeks Opportunities to Expand in Romania

Polish oil refiner and fuel retailer PKN Orlen said it is analyzing attractive development directions, including a possible expansion in Romania. PKN Orlen officials met with the Romanian Government representatives to identify potential business opportunities on the local market, the group said in a press release on Thursday

US Election 2020: Tense Wait as US Election Winner Remains Unclear

The outcome of the US presidential election is on a knife edge, with Donald Trump and his rival Joe Biden neck and neck in key swing states. Mr Biden's campaign said the race was "moving to a conclusion in our favour"

Saudi Aramco's Net Income Declines 44% in Third Quarter

Saudi Aramco saw its net income decline by 44% in the third quarter of 2020, from the same period last year, according to the financial results statement released by the world's largest crude oil-producing firm on Tuesday

Eurohold Says Gets Anti-Trust Nod to Acquire CEZ Assets in Bulgaria

Financial and insurance group Eurohold Bulgaria's [BUL:4EH] said that it has received approval from the competition regulator to acquire the assets of Czech energy group CEZ in Bulgaria

Enel Boosts its 2030 Greenhouse Gas Emission Reduction Target to 80% From 70%, SBTI-Certified

Enel committed to an 80% reduction in its direct greenhouse gas (GHG) emissions per kWh by 2030, from a 2017 base-year, becoming the first major, global, integrated utility to set an emission reduction target consistent with the United Nations pledges to limit global warming to 1.5°C above pre-industrial levels and to achieve net zero emissions by 2050, as validated by the Science Based Targets initiative (SBTi).

Renewable Companies Overtake World's Once Energy Giants

The market capital of the international renewable energy companies have increased dramatically by overtaking the world's once energy giants as the financial markets started to see the risks associated with fossil fuels which trigger climate crisis in the world, Tim Buckley, director of energy finance studies at Institute for Energy Economics and Financial Analysis (IEEFA) told Anadolu Agency in an exclusive interview

Earthquake Near Samos Island Rocks Greece and Turkey, Church Collapses

A powerful earthquake with its epicenter to the north of Samos and estimated to be 6.6 on the Richter scale rocked both Greece and Turkey this afternoon