- A report says at least $1 trillion are being invested globally in ways to reduce the threat of climate change, including renewable power, energy efficiency, and public transportation. Investments like these may make it possible for the world’s governments to meet their commitments under the Paris agreement on climate change. [The Guardian]
- Ten years after PetroChina peaked on its first day of trading in Shanghai, the state-owned energy producer has lost about $800 billion of market value, a sum large enough to circle the Earth 31 times with $100 bills. In current dollar terms, it’s the world’s biggest-ever wipeout of shareholder wealth. And it may only get worse. [Montreal Gazette]
- President Trump has declared an end to the “war on coal.” But coal country is grappling with powerful market force. More evidence of coal’s challenges came as Armstrong Energy, a western Kentucky coal company, filed for bankruptcy protection. Armstrong recently warned it would lay off workers at two of its facilities. [KVIA El Paso]
- As of November 1st, the sale of high-sulfur content diesel fuel – that is, diesel fuel with more than 10 ppm of sulfur – will be banned nationwide in China, the government in the capital of Beijing has revealed. High-sulfur diesel fuel is typically used in China as a relatively low-cost option for those running tractors or ships. [CleanTechnica]
- Pu Neng has been awarded a contract for a 3-MW/12-MWh flow battery as phase 1 of the Hubei Zaoyang 10-MW/40-MWh Storage Integration Demonstration Project. There are plans for a larger 100-MW/500-MWh energy storage project that will be the cornerstone of a new smart energy grid in Hubei Province. [GlobeNewswire]
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