Environment








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Energy Markets

Texas Governor Abbott suspends all permits issued by the state for data centres until grid audit has been completed

Texas Governor Greg Abbott barred the state's Environmental Agency from issuing any new permits for data centers until the governing bodies complete a massive audit on the energy-hungry installations that are seeking to connect to Texas electrical grid. The Republican Governor's directive to Texas Commission on Environmental Quality effectively "freezes" all state-issued data center permits. Texas is one of the fastest growing data hubs worldwide since the artificial intelligence boom started about three years ago. Abbott was prompted by the growing public backlash and concerns about AI to order a review of the data centers and to freeze their connection...

Environment

World Bank and IMF support changes to the debt framework for poor nations

Both the?World Bank & International Monetary Fund announced on Monday that their respective executive boards have approved reforms to their joint framework for evaluating debt in low-income countries. The proposed changes reflect a complex and riskier world. The first joint review since 2017 recommended several changes, including a more thorough analysis of the domestic debt of poor countries and a broader consideration of challenges to long-term development, such as climate change. The review did not call for a complete redesign. The reforms aim to improve the way IMF and World Bank assess a country's ability to carry debt and to...

Energy Markets

Capital Power: Meta data center makes Alberta attractive to hyperscalers

Capital Power CEO said that Meta's plan to construct a 'C$13 billion data center' in Alberta, Canada, has increased the appeal of the province for hyperscalers, who view it as a vote 'of confidence' in the government AI strategy. Avik Dey said that Capital Power has been in contact with a number of potential project proponents about supplying electricity. He refused to name companies but said that he did not believe Meta would be the only US Hyperscaler to build? a large-scale datacenter in Alberta. Hyperscalers operate large-scale data centers and cloud computing infrastructure to support AI. Canada only has...

Environment

The AI data center boom in Silicon Valley is met with local opposition

Residents and environmental groups in Silicon Valley's largest city are organizing against the wave of proposed data center projects that officials have courted to try and?position? the city as a hub of AI infrastructure. The clash highlights the challenge facing policymakers across the country: how to support a sector deemed by business and government leaders to be critical to the economy's competitiveness, while also responding to public concerns over the impact of infrastructure on electricity, water and air pollution. This debate is especially fraught in California because it is home to many companies that are driving the AI boom including...

Environment

SEC wants to stop monitoring shareholder votes, which is a blow for reformers

The U.S. Securities and Exchange Commission proposed on Wednesday to 'end its oversight of corporate shareholders votes?on topics such as climate change or executive compensation, a move that critics see as a blow to corporate reforms. The move is part of the SEC's broader power shift away from investors and towards corporate managers. It was expected since last month. Wall Street's top regulator has also proposed changes, including the end of a rule that requires companies to produce glossy annual reports. In a recent statement, SEC chairman Paul Atkins stated that the SEC lacked the statutory authority to supervise shareholder...

Climate Change

Google signs largest carbon-removal agreement yet and aims to scale up new model

Google's biggest carbon-removal agreement yet involves backing a Brazilian project run by developer Terradot. The project aims to?cut methane emission from rice farming?and.capture carbon dioxide in the atmosphere. Executives told. It is the largest rock-weathering project in history, covering more than 200,000 acres of land in the southern state Rio Grande do Sul. The goal is to speed up a natural process by which certain rocks absorb CO2 out of the air. Google's head for carbon removal Randy Spock said that the initiative is the first of its kind to combine methane removal and carbon removal. Methane is a "super-pollutant"...

Environment

EU's von der Leyen supports partnership with Canada in an 'openly hostile' world

The head of the European Commission has called on 'Wednesday' for EU countries to form a new partnership with Canada to combat climate change, China and other major challenges. Ursula von der Leyen, in her annual address to the European Parliament at Strasbourg, outlined the priorities of the 27-nation EU in the coming year. She said that the only solution to this problem was for all member states to work together. "Our path is obvious." "Building an independent Europe with the power to act." With Russia's invasion in Ukraine, the 27-nation group faces war at its borders. The 27-nation bloc...

Environment

Canada and EU closer ties

The head of the European Commission will call for solidarity on Wednesday in order to tackle climate change, artificial intelligent and the competition from China. He will argue that no one EU country can face these challenges alone. Ursula von der Leyen, President of the European Commission, will deliver her annual address to the European Parliament at Strasbourg and set the priorities for the EU's 27 member states for the coming year. Officials said that Von?der?der Leyen will emphasize the need to maintain European autonomy in different sectors such as energy, raw materials, and clean technologies. To do this, EU...

Energy Markets

Special Report-How Trump's War on EVs derail America's Auto-factory Revival

Three men were chatting in the local United Auto Workers' hall of Lordstown on a Friday afternoon, May. Normaly, they would be working at the battery plant just a few minutes away. They had been unemployed for the entire year. Last fall, the factory owned by General Motors in South Korea and LG Energy Solution announced that it would stop production in January due to slow sales of electric vehicles. Ultium Cells' joint venture let go 480 workers indefinitely and informed the remaining 850 that they would not be needed for several months. This announcement comes just a few short...

Mineral Resources

Interior Secretary Burgum: US wants to issue deep sea mining permits in a few months

The Trump administration announced on Monday that it was close to approving permits to'mine' the deep sea as part of an broader effort to increase U.S. access to the vital minerals needed across the U.S. economy. Interior Secretary Doug Burgum told a G20 gathering in Houston of energy ministers that the permits could be issued within months, as the administration pursues its strategy of "energy add" to expand the supply chains of the country and its allies. Donald Trump, since returning to office in 2017, has taken steps to bolster the deep-sea mine industry. However, he still hasn't issued operational...

Electric Utilities

Texas penalizes data centers for violating water laws

On Monday, the 'governor' of Texas, a state that is one of the fastest-growing areas for artificial intelligence infrastructure, instructed'state regulators to penalize any data centers who fail to provide details regarding their water usage. Texas, which has halted new data center connections to the state's?electrical grid, pending an assessment of the facilities' water and power use, amongst other issues, re-examines its regulations for server warehouses. Governor Greg Abbott has directed the Texas Water Development Board to "impose legal consequences" to data centers and large water-using entities that fail to report their water usage. Abbott's office issued a statement saying...

Energy Markets

US EPA will undo carbon emissions limits for power plants during G20 meeting

The U.S. Environmental Protection Agency announced Monday rules to repeal former President?Joe Biden?s limits on carbon emission from coal-and-gas-fired power stations and to prevent future climate regulations of these facilities. The move is part President Donald Trump’s effort to undo U.S. Climate Policy, which his administration claims has hampered energy production. The announcement was made at the sidelines of the G20 Energy Ministers' meeting in Houston this week, where global officials will discuss "regulatory efficiencies," expanding baseload power, and energy security. EPA Administrator Lee Zeldin stated that 'new measures to prevent future regulation on greenhouse gas emissions in the power...

Europe

Renewable Energy

EU requires data centres to report energy and water efficiency

As concerns about?their resource consumption grow, the European Commission on Monday proposed rules requiring data centres in Europe to reveal how efficiently they use water and energy. The EU wants to triple its data centre capacity in the next seven year to support the rapid growth of artificial intelligence. It also wants to reduce reliance on US Big Tech. If the energy and water consumption of these 'huge' facilities is not controlled, it could strain Europe's grids and deplete water resources, as well as increase CO2 emissions. The Commission proposed a scheme for rating facilities to increase transparency and encourage?companies?...

Environment

Brazil's Mombak raises a new fund and adds Salesforce to its carbon credit buyer list

Mombak, a Brazilian startup that removes carbon from the atmosphere, announced on Monday that it had secured the 'first close' of its second reforestation funds and signed a new agreement to purchase carbon credits with Salesforce. It is betting the demand will grow 'beyond technology companies?that helped create the market. The company?said its Amazon Reforestation Fund II aims at raising $150 million for restoration projects in Brazil's Amazon. It will also have access to a 200 million-real credit line ($38.88million) from Brazil's Climate Fund operated by the state development bank BNDES. Investors are closely watching the demand trends on the...

Climate Change

World Meteorological Organization reports that river flows in 2025 will be among the lowest in many decades.

The World Meteorological Organization reported on Thursday that 2025 would be one of the driest decades for rivers worldwide. This reflects the declining storage of water across the Earth’s surface, and raises concerns about future supplies. According to the WMO's?State of Global Water Resources Report, terrestrial water storage has been declining for over a decade. This trend has "serious implications for the future" according to the United Nations, as these stocks serve as a buffer for our planet in years of extreme drought. "We're depleting this savings account." In a report released alongside the WMO's latest report, WMO Secretary General...

Western Europe

East Asia

Environment

UN chief raises alarm over AI threat after Trump plays down

U.N. Secretary General Antonio?Guterres warned on Wednesday world leaders?that rapidly evolving artificial intelligence poses risks that?cannot?be ignored. This puts him at odds with Donald Trump, who has argued that existing safeguards are enough. Guterres, speaking ahead of the U.N. General Assembly meeting in New York next week, told reporters that the need for stronger supervision would be the major focus of his discussions with the global leaders who will be visiting the city. Guterres said, "We cannot ignore the concerns raised by those who are at the forefront of AI development." "The first duty of any government is to protect...

Pollution

UN chief raises alarm over AI threat after Trump plays down

U.N. Secretary General Antonio Guterres warned leaders of the world on Wednesday that the rapid advancement of artificial intelligence poses serious risks that can't be ignored. This puts him at odds against President Donald Trump, who argues that "existing safeguards" are adequate. Guterres, speaking?ahead? of the U.N. General?Assembly meeting in New York next week, told reporters that the need for stronger supervision would be the major focus of his discussions with global leaders who are coming to the city. Guterres said: "We cannot ignore the concerns raised by those who are on the frontlines of AI development, in particular." "It...

Environment

Iceland's last whaling firm shrugs off threats of permanent ban

Iceland's only active whaling firm?believed it could survive another?push for a ban, given previous?attempts at outlawing whale?hunting have repeatedly failed. Last week, the?government?said it would introduce a bill that could permanently end whaling in February. This would be a move to put an end to an industry that is still allowed in only three countries: Japan, Norway, and Australia. Loftsson said on Monday that "in the past decades, there have been a few attempts to ban whaling in parliament, but they all failed." "I believe that whaling is well supported in Iceland." Iceland's parliament received a similar bill in October...

Environment

Report: Himalayas nearing tipping point; millions of livelihoods on the line

According to a study released earlier this month, the Himalayas is approaching a tipping-point as 'glaciers' melt faster now than they did a decade before. This threatens?water security, as the region is expected to reach "peak water" in the mid-20th century. The?findings?follow the collapse of an Himalayan Glacier in late August, along the Nepal-Tibet Border. This caused flash floods and cascading land slides in the valleys beneath. More than 5,300 people are missing in Nepal and China’s Tibet region. At least 1,300 deaths have been confirmed. The study concluded that as glaciers retreat they leave behind unstable glacial ice lakes,...

Environment

Health ministry: Indonesian wildfires double respiratory infections in a single week

Data from Indonesia's Health Ministry showed that respiratory infections due to hazardous?wildfire air pollution have doubled in a little over a week. The Indonesian archipelago has been hit by fires that have ravaged vast stretches of peatland and forest. This has caused hazardous emissions, especially in the provinces of Sumatra, and Borneo. The wildfire season this year is the worst in 11 years, as "super El Nino" weather conditions cause temperatures to rise and droughts to be punishing. The country is responsible for one-third of global fire emissions. According to statistics presented at a press briefing by Widyawati, spokesperson for...

Environment

Health ministry: Indonesian wildfires double respiratory infections in a single week

Data from the Indonesian health ministry on Thursday showed that respiratory infections due to hazardous wildfire smoke pollution have doubled in just over a fortnight. The Indonesian archipelago has seen fires rage across vast tracts of forest and peatland, which have caused hazardous emissions to "surge", notably in the provinces most affected on the islands Sumatra, and Borneo. The wildfire season this year is the worst in 11 years, as "super El Nino" weather conditions cause temperatures to rise and droughts to be punishing. The country's fire emissions now make up a third the total global. According to statistics presented...

Energy Markets

China's August imports of iron ore exceeded expectations as typhoons delayed July customs clearance

China's iron ore imports rose by 0.4% in August compared to a month ago, defying analyst's expectations of a drop, after multiple typhoons hit ports and delayed clearance. Data from the General Administration of Customs revealed on Tuesday that the world's biggest iron ore consumer imported 108.54 metric tons of this key ingredient for steelmaking last month. This is a 3.1% increase from the previous year. Four analysts predicted August ore imports between 107 and 108 millions tons before the release of data. Steven?Yu is a senior analyst with Mysteel. The monthly increase in ore imports could be due to...

Environment

EU proposes a ban on exports of waste, including aluminum scrap, to non OECD countries

Sejourne’s 'cabinet' released a statement on Friday stating that the EU's Industry Chief Stephane 'Sejourne decided to propose a 'broad ban' on the export of wastes, including aluminum scrap, 'to non-OECD nations'. Sejourne was expected to announce long-awaited measures for trade on September 23. These would only limit exports of aluminum scrap. In the internal discussion, it was revealed that the tool could only cover?around half of the scrap import. The Executive Vice President has withdrawn the proposal in order to look at a different proposal that is independent of trade instruments. We are currently working on a?act delegated under...

Climate Change

The chances of finding survivors are fading a week following the devastating Nepal flood

Authorities said that the chances of finding survivors among the thousands who are still missing in Nepal have dwindled. This is a week after flash floods in the Himalayas caused the destruction in the mountainous nation. Nearly 4,000 people are still unaccounted for. Officials fear that many of them may be buried beneath the debris from the floods which ravaged towns and valleys close to the Chinese border. China's official death toll in Tibet has remained at 16 since Sunday, with 546 still missing. Phanindra paudel, a senior government official from the National Emergency Operation Center(NEOC), stated that "the hope...

Oil Refineries

Can the Middle East help with Asia's low refined fuel imports? Russell

In August, the crisis caused by the conflict in Iran in Asia's supply of refined fuels continued. The region that imports the most refined fuels dropped to its lowest level since the start of the war. According to data compiled by Kpler - a commodities analyst - Asia's imports for light and middle distillates in August were estimated at 5,10 million barrels a day (bpd), down from 5.61 millions bpd during July. Imports have dropped by about 2 million bpd from the 7.06 million bpd average in the three months prior to February 28, when Israel and the U.S. launched...

Environment

Nepal, hit by devastating floods and renewed calls for Chinese data on early warnings

Experts and officials from Nepal and China met in Kathmandu three months before the wall of water, rock and mud that hurled down a Himalayan valley bordering Nepal and China killed hundreds. The agenda for the meeting, which took place in the capital of Nepal on May 27, included 10 Nepalese officials and 12 Chinese officials, including those from the Tibet region, where the disaster occurred. They discussed ways to strengthen cooperation between the two countries to monitor and respond effectively to hazards such as floods, bad weather, and glacier-related hazards. Participants called for joint measures to reduce risk, such...

Pollution

Nepal requested early warnings from China before the flood disaster.

Experts and officials from Nepal and China met in Kathmandu three months before the wall of mud, water and rock that 'hurt down' a Himalayan Valley bordering Nepal and China killed hundreds. The agenda for the meeting, held in the capital of Nepal on May 27, included 10 Nepali officials and 12 Chinese officials, including those from the Tibet region, where the disaster occurred. They discussed ways to strengthen cooperation between the two countries to monitor and respond effectively to hazards such as floods, bad weather, and glacier-related hazards. Participants called for "joint measures to reduce risk, including inventories and...