All articles tagged with #energy sector
Ukraine’s anti-corruption bureau NABU detained a former energy minister in connection with the Midas case as he tried to leave the country; the probe centers on kickbacks in the energy sector, with about $100 million siphoned from state energy companies like Energoatom, and follows resignations tied to the scandal.
China’s aluminium industry is relocating production from coal-heavy northern hubs to renewables-rich southern and western zones (notably Yunnan, Sichuan, Xinjiang and Inner Mongolia) as part of a government-backed cap-and-relocation drive to cut carbon. About 13 million tonnes of capacity have already shifted to new, hydro/solar/wind-powered smelters, contributing to a 2024 total output of around 43.8 million tonnes. Hongqiao plans further moves in Yunnan, aiming for about 4 million tonnes there and claiming the transition, along with investments in clean energy, could cut roughly two-thirds of its carbon emissions. The shift supports decarbonisation goals but raises concerns for northern rust-belt regions and global supply chains amid EU carbon rules and energy-security considerations.
President Trump and several state governors urge PJM, the grid operator for the US northeast and Midwest, to hold an emergency auction in which large data-centre operators bid to build new power plants and fund about $15 billion in capacity, with tech giants paying for the electricity sold through the auction even if they don’t use it. The aim is to curb rising utility bills driven by data-centre demand amid expectations of a surge in data-centre energy use, though it remains unclear whether PJM will act and how feasible the plan is.
Wall Street banks are eyeing potential profits from Venezuela's post-Maduro regime change, focusing on unlocking the country's oil reserves and infrastructure, but face challenges due to political instability, sanctions, and lack of rule of law, making immediate investments uncertain and likely years away.
Energy stocks rose on hopes that President Trump will tap Venezuela's vast oil reserves following the capture of Nicolás Maduro, leading to a market rally and increased investor optimism about U.S. companies potentially returning to Venezuelan oil fields, despite long-term challenges and sanctions.
Ukrainian President Zelenskiy has proposed Defence Minister Denys Shmyhal to become the new energy minister and first deputy prime minister to stabilize Ukraine's energy sector amid ongoing Russian attacks, following a major government shake-up and corruption scandal in the energy sector. The move aims to strengthen Ukraine's resilience as it seeks security guarantees from Western allies and continues efforts to end the war with Russia.
Trump Media is merging with TAE Technologies, a Google-backed fusion energy company, in a $6 billion deal to create one of the world's first publicly traded fusion firms, aiming to build the first utility-scale fusion power plant and revolutionize energy production.
The article highlights high-yield dividend stocks in the energy sector, specifically Energy Transfer, Enterprise Products Partners, and MPLX, which offer attractive yields and stable cash flows, making them smart options for income-seeking investors with a $2,000 investment aiming for around 7.6% annual yield.
The author predicts that by 2026, market dynamics will shift with increased competition among tech giants risking the S&P 500, a rebound in the energy sector due to sentiment and demand, and benefits for housing stocks from government and Fed policies, advising a focus on high-quality energy and housing companies for better risk/reward.
Top Ukrainian ministers resigned amid a major corruption scandal involving embezzlement and kickbacks linked to the energy sector, just as Russia intensifies attacks on Ukraine's infrastructure, raising concerns about internal stability and external support during the ongoing war.
Top Ukrainian ministers resigned amid a major corruption scandal involving embezzlement and kickbacks linked to the state nuclear company, complicating Ukraine's efforts to manage energy shortages during the ongoing war with Russia. The scandal has raised concerns about internal stability and external support, with investigations revealing extensive illegal activities and implicating high-level officials, including close associates of President Zelenskyy.
Ukraine's energy and justice ministers resigned amid a major corruption investigation involving embezzlement, kickbacks, and money laundering linked to the energy sector, implicating close associates of President Zelensky and raising concerns about ongoing corruption and governance issues in Ukraine.
Ukraine's President Zelenskyy faces a major corruption scandal involving close associates allegedly embezzling around $100 million from the energy sector, with investigations revealing a criminal network linked to high-level officials and business figures, including Zelenskyy's business partner Timur Mindich. Zelenskyy has publicly supported anti-corruption efforts, but the scandal has sparked political tensions and protests.
Ukraine is embroiled in a major wartime corruption scandal involving high-level officials and a former Zelenskyy associate, Tymur Mindich, linked to a $100 million kickback scheme in the energy sector, raising concerns about accountability amid ongoing Russian attacks and political stability.
Ukraine's anti-corruption agency NABU is investigating a large-scale scheme involving high-level officials and business figures, including alleged control over state energy company Energoatom, with evidence suggesting bribe-taking and influence peddling. The investigation, which includes wiretaps and raids, implicates prominent individuals such as Timur Mindich and former officials, prompting strong statements from President Zelenskyy and government officials emphasizing the importance of accountability in Ukraine's energy sector.