Australians will need to find a way to dispose of 1.6 million tonnes of disused EV batteries by 2050 as part of its push towards net-zero. The Battery Stewardship Council, along with its research partners, estimates that based on current trends, the volume of EV waste will expand exponentially to 30,000 tonnes by 2030 before…
Australia Eyeing Mammoth 1.6 Million Tonnes of EV Battery Waste by 2050
June 1, 2023
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Protest Over Chinese-Owned Company’s Dumping of ‘Toxic’ Waste Tailings in Australia’s ‘Amazon’
China-owned MMG is proposing to turn 140 hectares of the Tarkine rainforest, known as Australia’s “amazon” in Tasmania’s northwest, into a tailings dam where it will hold the company’s mining waste. MMG, or Minerals and Metal Group, which is majority owned by China Minmetals Nonferrous Metals Company Limited (CMN), bought the Rosebery mine in 2009….
Real-World Nuclear Fusion: Startup Secures Over $7 Million for Energy Machine
May 31, 2023
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A German Startup has secured millions in funding to develop a fusion energy machine that could potentially generate energy free of carbon emissions. The Munich-based startup Proxima Fusion designs fusion power plants based on the stellarator concept, with the first plant planned for sometime within the 2030s, the company said in a May 30 press release (pdf)….
Renewable Energy Pipeline Puts Targets in Jeopardy
The renewable energy pipeline is drying up after a robust start to 2023 as “headwinds” increase, the industry warns. Data released by the Clean Energy Council for the first three months of the year shows eight projects commenced construction in the quarter. Worth a total of $1.3 billion (US$845 million) in value—almost double the final three…
Trade Union Demands Clarity From Labour Over Halting New Oil and Gas Production
Trade union Unite called on Sir Keir Starmer to clarify that workers will not pay the price should any plan to block new North Sea oil and gas developments be announced by the Labour Party. Unite General Secretary Sharon Graham said on Wednesday that tens of thousands of workers in North Sea and supporting industries…
Oil Falls On Weak China Data, Stronger US Dollar
LONDON—Oil prices fell on Wednesday on a stronger U.S. dollar and as weak data from top oil importer China raised demand fears. Brent crude futures for August delivery were down $1.29, or 1.75 percent, to $72.42 a barrel at 1013 GMT. U.S. West Texas Intermediate crude (WTI) fell $1.28, or 1.84 percent, to $68.18. Both…
Shares Drop Ahead of US Debt Ceiling Vote; China Data Rattles Nerves
May 31, 2023
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LONDON—Global shares fell on Wednesday ahead of a crucial vote in Washington on the U.S. debt ceiling, while commodities and the Chinese yuan came under pressure after data highlighted faltering growth in the world’s second-largest economy. The MSCI All-World Index of global shares, which is heading for its first monthly decline since February, was down…
ANALYSIS: China Hoodwinking the World via Technologically Advanced Coal Mines
May 30, 2023
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News Analysis China has persisted in pursuing a policy of modernizing its vast number of coal mines using the latest technologies in a bid to make them more productive, while Western nations are cutting down on traditional energy sources in order to meet climate change goals set by global entities. In the 2015 United Nations’…
Oil Falls 2 Percent on US Debt Deal Struggles, OPEC+ Talks Uncertainty
LONDON—Oil fell by nearly 2 percent on Tuesday as concerns about the U.S. debt ceiling pact cooled the market’s risk-on sentiment and mixed messages from major producers clouded the supply outlook ahead of their meeting this weekend. Brent crude futures fell $1.36, or 1.8 percent, to $75.71 a barrel by 0859 GMT. U.S. West Texas…
Dollar, European Stocks Steady With US Debt Deal in Focus
May 30, 2023
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LONDON/SYDNEY—The U.S. dollar steadied after climbing to a two-month high and European stocks flattened on Tuesday as relief that a possible default by the U.S. government had been averted gave way to concern that the deal could face a rocky path through Congress. The U.S. dollar index and longer-dated U.S. Treasuries rallied as traders welcomed…
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