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FOSSIL FUEL EARNINGS
India’s Russian fossil fuel imports hit record €6.4 billion in October: CREAIndia was the world’s second-largest buyer of Russian fossil fuels in October, with purchases hitting a record €6.4 billion, according to C...- Ola Electric shares jump 7% ahead of Q2 results, extends EV-policy rallyOla Electric shares have rallied 9% in two sessions, adding over Rs 1,400 crore to the company's market value after the Centre made EVs its...
- India's three-wheeler market takes an electric turn, with one in two new sales now EVsElectric three-wheelers are increasingly popular in India, with sales significantly rising and concerns about fossil fuels decreasing. Mahi...
- Green-debt fees hit nearly $3 billion, topping fossil fuels for fifth yearFor the fifth consecutive year, leading global banks generated more revenue from green projects than fossil fuel financing. Data shows thes...
- India’s consumers are back, its stocks aren’t: Srinivasan SivabalanAmid the vibrant festive season in India, consumer demand is soaring, prompting businesses to boost sales and raise prices accordingly. How...
- India can achieve Viksit Bharat and Net Zero without trade-offsIndia can achieve its Viksit Bharat 2047 ambition alongside its net-zero 2070 target, with green investments boosting growth, energy securi...
- Global Market: European companies set for 21% Q3 earnings growth, led by energy firmsEuropean companies are expected to post 21% third-quarter earnings growth, led by energy firms benefiting from supply disruptions. However,...
- New CAFE norms out for passenger vehicles, targets tightened for FY28-FY32New Corporate Average Fuel Economy (CAFE) norms for passenger vehicles in India will take effect from April 2023. The revised benchmarks in...
- Quote of the day by Jude Law: 'My only obligation is to keep myself and other people guessing.' Life lessons from motivational quote on true personal freedom, predictability, labels, mystery, compliance and stagnationQuote of the day by Jude Law, “My only obligation is to keep myself and other people guessing,” explains his view of personal freedom, priv...
- How Trump's war on EVs derailed America's auto-factory revival | ExplainedUS electric vehicle projects and jobs face setbacks due to policy shifts. Automakers canceled billions in investments and thousands of jobs...
- BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitionsBRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more...
- War in the Middle East is making clothes more expensiveThe ongoing conflict in Iran is causing significant disruptions in global apparel supply chains.
- Quote of the day by Paul Krugman: 'I think so long as fossil fuels are cheap, people will use them and it will...' - powerful quote by Nobel Prize-winning economist teaches inspiring life lessons on change, innovation and how cheap energy can slow the shift to new technologyQuote of the day by Paul Krugman: Economist Paul Krugman highlights cost as a key factor in energy transitions. He argues cheap fossil fuel...
- China is beating the US in the battle for energy export dominanceChina shipped a record $120 billion in green tech, growing its influence, particularly in emerging markets, offering long-term energy solut...
- Over 20% of Russia's war-period crude exports bought by India: CREASince the Ukraine war's onset, India has purchased ₹132 billion worth of Russian oil, constituting a fifth of Moscow's oil export earnings....
- Russia earned €242 billion from fossil fuel exports in third year of Ukraine war, despite sanctions: ReportSanctions have been slapped on Russian oil and gas supplies since it invaded Ukraine in 2022. But the country has managed to transport foss...
- Australia unveils plans to keep burning gas beyond 2050Australia plans to continue using natural gas beyond 2050 while aiming for net zero emissions. The strategy faces criticism from environmen...
- Russia's €158 billion in fossil fuel revenues outstrip cost of Ukraine invasion: CREAThe largest Russian fossil fuel importer was the European Union (EUR 85 bln), followed by China (EUR 35 bln), Turkey (EUR 11 bln), India (E...
- India will have to bear steep cut in fossil fuel revenues to limit global warming to 1.5 deg C: ReportTitled "Boom and Bust: The Fiscal Implications of Fossil Fuel Phase-Out in Six Large Emerging Economies", the report examines the possible ...
- Russia earns $98 billion from fuel exports in 100 days of Ukraine warEarlier this month, the EU agreed to halt most Russian oil imports, on which the continent is heavily dependent. Though the bloc aims to re...
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