Daily Standup Top Stories China’s banking turmoil: 40 banks vanish as crisis deepens July 22, 2024 Mariel Alumit The Chinese banking sector is facing a severe crisis. In just one week, 40 banks disappeared, and the collapse of Jiangxi Bank has further deepened the sector’s problems. Experts warn that the situation could have […] Bad News From […]
Continue ReadingDaily Standup Top Stories Global Tech Outage Wreaks Havoc July 20, 2024 Mariel Alumit The disruption underscores just how reliant much of the world is on key software providers. Digital Disruption International air travel, financial services, medical systems, and television broadcasts briefly ground to a halt on Friday after […] Ford scraps plans for $1.8-billion Oakville EV […]
Continue ReadingDaily Standup Top Stories The “Energy Transition” Won’t Happen July 16, 2024 Mariel Alumit The laptop class has rediscovered a basic truth: foundational innovation, once adoption proceeds at scale, is followed by an epic increase in energy consumption. It’s an iron law of our universe. To illustrate that law, […] China plans low-carbon upgrades for coal power […]
Continue ReadingDaily Standup Top Stories BP Shares Plummet on $2 Billion Impairment Warning July 9, 2024 Mariel Alumit Shares in BP fell by as much as four percent this morning after it warned it was expected to post an impairment of up to $2bn (1.6bn) and was operating under “significantly” lower refining margins. […] The Left’s $7 Trillion […]
Continue ReadingWeekly Daily Standup Top Stories China Surpasses Europe in Per Capita Energy Consumption June 30, 2024 Stu Turley China’s energy consumption per capita has surpassed that of Europe, driven by decades of economic growth and infrastructure development. China has made significant investments in renewable energy but remains the world’s largest emitter of greenhouse […] Supreme Court overturns […]
Continue ReadingDaily Standup Top Stories French nuclear giant scraps SMR plans due to soaring costs, will start over July 3, 2024 Mariel Alumit The French nuclear giant EdF, the government owned company that manages the country’s vast fleet of nuclear power stations, has reportedly scrapped its plans to develop a new design for small nuclear reactors because […]
Continue ReadingDaily Standup Top Stories Tech Industry Wants to Lock Up Nuclear Power for AI July 1, 2024 Stu Turley Largest tech companies are looking to buy nuclear power directly from plants, which could sap the grid of critical resources Tech companies scouring the country for electricity supplies have zeroed in on a key target: […] Will Evil […]
Continue ReadingDaily Standup Top Stories Russia’s War in Ukraine Has Produced $32 Billion in Climate Damage June 17, 2024 Mariel Alumit CLIMATEWIRE | In November 2022, the United Nations resolved that Russia should pay reparations for the losses, damages and injuries caused by its invasion of Ukraine. Now, some scientists say those payments should include compensation for […] The […]
Continue ReadingWeekly Daily Standup Top Stories The U.S. Data Center Energy Train Wreck May 26, 2024 Stu Turley ENB Pub Note: I had the pleasure of interviewing Ron Miller on the podcast, and here is one of his outstanding articles. I highly recommend following him on Linkedin. The U.S. and the world are […] US Power Demand Surge […]
Continue ReadingDaily Standup Top Stories Shell plans job cuts in offshore wind business as CEO refocuses on oil and gas May 29, 2024 Mariel Alumit (Bloomberg) – Shell Plc is preparing to cut staff from its offshore wind business as Chief Executive Officer Wael Sawan moves the company away from the capital-intensive renewable energy sector. The British […]
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