NATO Allies Urged to Send More Battle Tanks

(Bloomberg) — NATO allies must send main battle tanks to Ukraine as soon as possible, as Ukrainian forces could use them to “revert the situation” on the ground now while the ground is frozen, Lithuanian Foreign Minister Gabrielius Landsbergis told Bloomberg TV at a ministerial meeting in Bucharest.

Truss, Johnson Join Rebellion Against Sunak for Onshore Wind

Wind turbines on the Bradwell Wind Farm, near to the decomissioned Bradwell nuclear power station, site of the planned Bradwell B project, in Bradwell-on-Sea, U.K., on Friday, Feb. 11, 2022. British regulators approved a Chinese-designed nuclear reactor that could be used at the plant in southeast England being developed by China General Nuclear Power Corp. … Read more

India Wants ‘Phase Down’ on All Fossil Fuels at COP27

The request is likely to put India at odds with other countries within its “Like-Minded Group of Developing Countries” negotiating bloc, like China and Saudi Arabia, who have typically acted as a brake on more climate ambition. There will also probably be concern that India’s push is an effort to muddy the waters in reducing … Read more

Coal India Profit Soars as Shortages Drive Demand and Prices

Demand for coal, which accounts for nearly 70% of India’s electricity generation, has soared following a post-pandemic revival in industrial activity and on increased use of air conditioning during a sweltering summer that delivered severe heat waves. The war in Ukraine has sent seaborne coal prices through the roof, adding competition for domestic supplies that … Read more

Russia Signals Rapid Kherson Retreat, UK Says

Ukrainian troops repelled Russian attacks in the Donetsk region around Vodyane, Kamianka and Nevelske over the past day, according to the General Staff of the Armed Forces. Russia also continued to attempt offensive actions in the directions of Bakhmut and Avdiivka. Kremlin forces fired four missiles and carried out more than 70 attacks with multiple-launch … Read more

West Texas Natural Gas Prices Go Negative for First Time in Two Years

Meanwhile, US benchmark natural gas futures surged Tuesday amid speculation that a recent selloff has run its course. Contracts for the heating and power-generation fuel delivered at the Henry Hub in Louisiana, which is not directly affected by pipeline constraints in Texas, have fallen for nine straight weeks, the longest losing streak in three decades. … Read more

Employees Have Finally Had Enough of Its Toxic Culture

(Bloomberg Businessweek) — Shortly after Exxon Mobil Corp. lost its battle with an activist investor last year, an executive named Bill Keillor decided to give his department a morale boost. It had been a difficult year and a half for Exxon employees. Covid-19 and plunging crude prices had led to halted salary increases, reduced benefits, … Read more

Rolls-Royce’s First Electric Car, the Spectre Coupe

(Bloomberg) — Rolls-Royce has completed the first step toward fulfilling its promise to sell only electric vehicles by 2030. On Oct. 18 it unveiled the all-electric Spectre at company headquarters in Goodwood, England.  “This is not a kind of one-hit wonder and then we go back to the 12-cylinder, that’s not the idea,” says Torsten Müller-Ötvös, … Read more