Policy & Trading

Energy sector to be the engine of Sweden's green transition

During the next 25 years, Sweden's power consumption will rise by what corresponds to one and half times the consumption of neighboring Denmark. But if the country is to achieve net-zero emissions by 2045, it needs to accelerate its power grid build-out, says industry organization Swedenergy.

Blackrock to shun polluters in fight against climate change

Major US asset manager Blackrock means to give up investments with "sustainability-related risk" and launch new products to screen fossil fuels, the firm's CEO writes in an annual letter to executives. The firm entered the Climate Action 100+ group last week, joining hundreds of investment managers in pressuring GHG emitters to reduce their climate footprints.

Blackrock joins USD 41 trillion investor climate campaign

The New York-based major asset manager now adds its hefty influence of USD 7 trillion in AuM to the Climate Action 100+ investor group, putting even more pressure on big greenhouse gas emitters and fossil fuel companies and adding serious investment capital to climate change mitigation projects.

European Energy gains strong arm in Britain

While European Energy is trying to amass its own project pipeline in the UK, the Danish RE developer enters a joint venture with London-based asset manager Armstrong to install a 500 MW solar farm, thereby soaring back into the British market.

Norway's oil sector agrees to big upstream emissions cuts

Without compromising commercial viability, the Norwegian continental shelf aims to be the first in the world to implement climate-neutral upstream extraction in 30 years' time, says Equinor, helped along by advantageous national framework conditions.

Norway was a net power importer in 2019

With an annual consumption of 133.5 TWh against 133.4 TWh in domestic generation, Norway was a net importer of electricity in 2019 – the first time this has happened since 2010.

Tesla shorters have lost USD 3bn since 2018

In this year's first two trading days, short sellers have lost USD 900 million on Tesla's equity, which appreciated 3.7 percent since the presentation of last year's sales figures.

Flaring on Danish oil platform at ten-year high

The Gorm field accounts for nearly half of all the natural gas burned on the Danish shelf – a practice that's both harmful to the environment and a waste of energy. Operator Total pledges to markedly reduce flaring.

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