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Toyota now plans to outlay $3.9 billion on an EV battery plant in North Carolina, it said on Wednesday, partly because of rising consumer demand.
Higher gas and oil prices caused profits to jump to $5.14 billion for the April-June period, soaring 140% from $2.14 billion a year earlier.
Move comes as steelmakers around the world are under pressure to cut CO2 emissions to tackle climate change. Steelmaking generates up to 11% of global carbon emissions
Dozens of local men are alleged to have died in mines run by a Chinese mining company, which is accused of digging under a neighbouring concession to steal a huge amount of gold
The US must match China's huge investment in clean energy as Beijing uses any industrial dominance for geostrategic power, a senior US defence official said
China dependence on foreign sources of battery metals such as nickel, lithium and cobalt poses a risk to its electric vehicle industry, a metals industry official said on Friday.
Nayara Energy's Russian parent Rosneft has already been hit by Western sanctions after Russia's invasion of Ukraine and traders are concerned the Indian refiner will suffer the same fate.
Taipower spokesperson Wu Chin-chung said no more business would be done with Russia due to its war in Ukraine. It will get coal from several other countries instead.
Support for nuclear energy has re-emerged in Japan after the war in Ukraine and concern it caused about energy shortages. Kishida's government is also looking at green power sources.
Industry ministry orders officials and firms to eliminate illegal activities in the sector, after the IEA called for a more diverse supply chain to reduce China's PV manufacturing dominance
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Energy: The Big Picture
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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Transport InsightsAnglo-American Puts World’s Biggest Hydrogen Truck to WorkMining giant Anglo-American has unveiled a prototype of what it says is the world’s largest hydrogen-powered mining truck
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Energy InsightsWhat is China’s Tokamak Fusion Reactor?The goal of the Experimental Advanced Superconducting Tokamak project is to unlock the secret to clean and limitless energy on earth, with minimal waste products
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Energy InsightsDoes US Warning to India Point to More Russian Oil Restrictions?The US state department says it is aware of talks between Russia and India concerning the purchase of oil. It has no objection to India buying Russian oil, provided it buys at discount
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Market InsightsKazakhstan Unrest Poses Risks for World EconomyHundreds of people have died and thousands have been detained in Kazakhstan during the worst violence seen in the Central Asian nation since it became independent in the early 1990s. The unrest in Kazakhstan poses risks for energy markets, and even cryptocurrencies.
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