European Union countries on Feb. 21 approved plans to auction carbon permits early to raise cash...
European Union countries on Feb. 21 approved plans to auction carbon permits early to raise cash to help them quit Russian gas, meaning the law can now enter into force.
The plan will raise 20 billion euros (US$21.3 billion) in grants from the EU carbon market, partly by holding carbon permit sales earlier than planned. Countries will be able to spend the grants on renewable energy and energy-saving renovations to help replace Russian gas, and projects to help heavy industry decarbonize.
The rules were agreed on last year by negotiators from EU countries and lawmakers, so Tuesday's approval was a formality that approved the deal with no changes. EU lawmakers okayed the deal earlier this month.
Europe Gas: Dutch Benchmark Price Slips To Fresh 17-month Low
The Dutch benchmark wholesale gas contract slipped to a new 17-month low on Feb. 21, as healthy supply...
The Dutch benchmark wholesale gas contract slipped to a new 17-month low on Feb. 21, as healthy supply offset colder weather forecasts.
The front-month contract at the Dutch TTF hub, the benchmark for European gas trading, was down by 2.60 euros at 48.90 euros/MWh by 0940 GMT, Refinitiv Eikon data showed. Earlier, the contract dipped to 47.99 euros/MWh, its lowest level since August 2021.
"The risk premium is being sold off. We are coming out of winter with OK storage and LNG looking pretty good," a trader said.
"I think we keep on grinding down until you get a supply disruption that is quite big," the trader said.
With a major winter storm system expected to blow across the US and a jet stream likely to create ...
With a major winter storm system expected to blow across the US and a jet stream likely to create record temperatures, both high and low, it’s going to be a major topic in your office Slack this week. As of yesterday, 17 million Americans were under winter weather warnings in the West, where frigid temps are likely. Meanwhile, in the Southeast and mid-Atlantic regions, temperatures are expected to climb to nearly 90 degrees in some spots. There could be a 100-degree temperature spread from North Dakota to Florida, per CNN.
It’s a short but jam-packed week on Wall Street, which was closed yesterday for the holiday. Investors will be dialed into Walmart earnings this morning, the Fed minutes on Wednesday, and an inflation report due Friday. Stocks have hit a wall after a blistering start to the year, and the Dow has posted three straight weekly losses.
Identifying those deadly chemicals released in Ohio train derailment
While the Palestine, Ohio train derailment left the small city in fear over the harmful effects of the...
While the Palestine, Ohio train derailment left the small city in fear over the harmful effects of the chemicals spilled into the incident, what exactly were those chemicals?
We were told that they were hazardous materials used in the manufacture of plastics. The primary chemical released in the crash was vinyl chloride which is a cancer-causing substance.
But what of the others? The Washington Post recently identified them in great detail.
