Opinion: COVID-19, Climate Change ... & Changing the World, Together
Our planet is facing its greatest challenge, and it’s not coronavirus. Asbjørn Halsebakke, Product Manager, Yaskawa Environmental Energy / The Switch, ponders how greater political action could help the maritime industry meet its most ambitious environmental goals.Why hasn’t the climate crisis elicited the same urgent response from global governments as the corona pandemic?
Oil Up 5% as U.S. Fed steps in to Prop Economy
Oil jumped 5% on Tuesday to above $28 a barrel, supported by steps by the U.S. Federal Reserve to bolster the economy and hopes the United States will soon reach a deal on a $2 trillion coronavirus aid package.The Fed on Monday rolled out an array of programs including backing for the first time corporate bond purchases. U.S. Treasury…
UK Affirms 40 GW Offshore Wind Goal
The British Queen, in her speech to both houses of United Kingdom (UK) parliament, revealed that the UK’s target for installed offshore wind energy has been raised to 40 GW by 2030, and that the UK government will support the development of floating wind turbines.The announcement follows a pledge by UK Prime Minister Boris Johnson…
UK Urges Gulf States to Ease Blockade Against Qatar
Britain on Monday urged Gulf states including Saudi Arabia to ease a blockade of Qatar and to find an immediate solution to the impasse through mediation. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic and transport ties a week ago, accusing Doha of backing terrorism. This has disrupted imports of food and other materials and caused many foreign banks to scale back business with Qatar.
London to Expand 100-year-old Power Plant to Run 'Tube' Railway
London mayor Boris Johnson on Thursday unveiled plans for an expansion of one of the world's oldest electricity stations to help power the capital's underground rail network. Greenwich Power Station, which was built in 1906 to provide electricity for London's trams, will receive up to six new gas engines to power the network known as the "Tube" and provide heat for 20,000 homes.
