All posts by Tsvetana Paraskova

Big News For U.S. Solar As Job Growth Returns

After two underwhelming years of solar job contraction in the United States, the solar industry’s employment returned to growth in 2019, thanks to an expansion in U.S. solar installations. The U.S. solar industry added 5,600 jobs last year, with employment increasing by 2.3 percent compared to 2018, the annual National Solar Jobs Census from non-profit organization The Solar Foundation showed this week. The solar industry now employs almost 250,000 workers nationwide and has returned to workforce growth after two consecutive years of job…

Drivers To Start Ditching Gasoline Cars for EVs As Early As 2025

Car buyers in the United States and major European economies expect improved infrastructure and range of battery electric vehicles (BEVs) to convince them to choose buying an electric car over a gasoline-powered car in five to ten years, a new report from human behavior and analytics firm Escalent showed this week.   Although drivers are unlikely to choose an EV over gas or diesel-powered car in the next year, the share of those who expect to buy a gasoline car in five to ten years is significantly lower, according to Escalent’s survey…

Shell Not Competing With BP Over Net Zero Emissions Goals

Shell doesn’t intend to “get into an arms race” with peer supermajor BP over goals to reduce its carbon footprint, Maarten Wetselaar, Shell’s Integrated Gas & New Energies Director, told The Times a week after BP joined the pack of oil majors that have set carbon-reducing goals. In December 2018, in an industry first, Shell said that it plans to set short-term targets for reducing the net carbon footprint of the energy products it sells, and to link those targets with executive remuneration.  The world…

Shell Not Competing With BP Over Net Zero Emissions Goals

Shell doesn’t intend to “get into an arms race” with peer supermajor BP over goals to reduce its carbon footprint, Maarten Wetselaar, Shell’s Integrated Gas & New Energies Director, told The Times a week after BP joined the pack of oil majors that have set carbon-reducing goals. In December 2018, in an industry first, Shell said that it plans to set short-term targets for reducing the net carbon footprint of the energy products it sells, and to link those targets with executive remuneration.  The world…

Shell Not Competing With BP Over Net Zero Emissions Goals

Shell doesn’t intend to “get into an arms race” with peer supermajor BP over goals to reduce its carbon footprint, Maarten Wetselaar, Shell’s Integrated Gas & New Energies Director, told The Times a week after BP joined the pack of oil majors that have set carbon-reducing goals. In December 2018, in an industry first, Shell said that it plans to set short-term targets for reducing the net carbon footprint of the energy products it sells, and to link those targets with executive remuneration.  The world…

Shell Not Competing With BP Over Net Zero Emissions Goals

Shell doesn’t intend to “get into an arms race” with peer supermajor BP over goals to reduce its carbon footprint, Maarten Wetselaar, Shell’s Integrated Gas & New Energies Director, told The Times a week after BP joined the pack of oil majors that have set carbon-reducing goals. In December 2018, in an industry first, Shell said that it plans to set short-term targets for reducing the net carbon footprint of the energy products it sells, and to link those targets with executive remuneration.  The world…

China’s Car Sales Plunge 92% On Coronavirus Fears

China’s passenger car sales tumbled by 92 percent year on year in the first two weeks of February, due to the coronavirus outbreak, which is also expected to result in a significant decline in Chinese trade growth and to reduce foreign investments into China this quarter. According to data from the China Passenger Car Association (CPCA), cited by South China Morning Post, daily retail sales of passenger cars slumped to just 4,909 vehicles between February 1 and February 16, compared to 59,930 vehicles sold in the same period last year.  …

China’s Car Sales Plunge 92% On Coronavirus Fears

China’s passenger car sales tumbled by 92 percent year on year in the first two weeks of February, due to the coronavirus outbreak, which is also expected to result in a significant decline in Chinese trade growth and to reduce foreign investments into China this quarter. According to data from the China Passenger Car Association (CPCA), cited by South China Morning Post, daily retail sales of passenger cars slumped to just 4,909 vehicles between February 1 and February 16, compared to 59,930 vehicles sold in the same period last year.  …

Andurand’s Hedge Fund Lost Big In Volatile Oil Markets

The main oil-focused hedge fund of one of the best known oil traders, Pierre Andurand, incurred an 8-percent loss in January, the Financial Times reported on Friday, quoting three people with knowledge of Andurand’s fund performance.   Pierre Andurand manages Andurand Capital Management, one of the few oil-specializing hedge funds still out there. Andurand’s fund was a big winner of the oil price volatility in 2014 and 2016, but after that it suffered two consecutive years of annual losses in 2018 and 2019. According to FT’s…

The 3 OPEC Countries Considering Deeper Output Cuts

Saudi Arabia and its Gulf Arab neighbors and large fellow OPEC producers the United Arab Emirates (UAE) and Kuwait are discussing this week a potential joint oil production cut of 300,000 bpd in response to the depressed demand amid the coronavirus outbreak, taking a break from the OPEC+ alliance with Russia, The Wall Street Journal reported on Friday, quoting people with knowledge of the issue. Saudi Arabia, the UAE, and Kuwait are the largest, third-largest and fourth-largest producers in the cartel, respectively, and they hold together more…