ENERGY

Authored by Felicity Bradstock via OilPrice.com,

• Egypt plans to build a $7 billion petrochemical complex and launch new oil and gas auctions to boost domestic production.

• The country aims to enhance energy security and attract foreign investment, despite recent economic challenges and energy shortages.

• Egypt is balancing its fossil fuel development with renewable energy targets, though it has adjusted its green energy goals.

Oil-rich Egypt has big plans for the (more…)

Via OilPrice.com,

BP boss Murray Auchincloss has defended the company’s move to increase fossil fuel production and ditch its renewable energy commitments.

Auchincloss is under mounting pressure from BP investors, who are frustrated at the oil major’s underperforming share price.

The executive unveiled plans for a “fundamental reset” two weeks ago, which included ditching a series of green energy targets set out five years ago.

Writing in the Times, he (more…)

Authored by Mike Shedlock via MishTalk.com,

The answer is all of them, in due time. Here are the latest spectacular failures.

Birds Fry Every Two Minutes

It took 10 years, and hundreds-of-thousands of dead birds, before the Ivanpah Solar Electric Generating System in California would meet its fate.

The Wall Street Journal explains in ‘A Prolific Executioner of Wildlife’

Performance has proven so poor that PG&E has exercised its right to terminate the (more…)