Shell, BP boost profit, sink investment in renewable energy
18 February 2023 | 10:47 am
While the big five oil companies registered record profits on the back of the energy crisis, relatively little will be reinvested in renewables as climate goals are slashed.
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In this edition we take you to a small Central American country of just 5 million people, but where nearly 100 percent of the electricity is produced from renewables. Costa Rica is the El Dorado of green energy, mainly due to its investment in hydropower and geothermal energy.
Thousands of people in Nigeria's Niger Delta region are suing oil giant Royal Dutch Shell over alleged damage to their communities. They hope to convince a British court that Shell's exploration activities have polluted their rivers and water supplies.
Lawyers representing more than 13,000 Nigerians argued at London's High Court on Tuesday (April 4) that Shell is attempting to shield itself from scrutiny over pollution in Nigeria.
Investors are spending billions of dollars annually on classic cars, whose market has expanded beyond a comparatively small community of collectors to include investors drawn by the prospect of high returns.
A decade after its creation, anaerobic digestion is flourishing in France. This method consists in breaking down organic matter to produce biogas, a renewable energy source. The sector already produces the equivalent of the energy capacity of a nuclear reactor, and this will likely be doubled by 2025.
Netflix Inc (NFLX.O) said on Tuesday it will invest $2.5 billion in South Korea over the next four years to produce Korean TV series, movies and unscripted shows, doubling its investment in the market since 2016.
The Korean tech giant owed the slump in profits to weakened demand for memory chips, as the end of lockdown diminished previous demand for new computers and smartphones.
German Foreign Minister Annalena Baerbock called for countries around the world to ramp up their renewable energy targets and to have a global treaty on renewable energy.
Toyota on Wednesday said it expects operating profit to climb 10% this business year, with a five-fold jump in pure electric vehicle sales, amid an easing in global supply chain disruption from a shortage of chips.
For the fourth consecutive year, France was the European country that received the most foreign investment last year, according to a survey by consultancy firm EY. Looking at the details though, these investments are leading to fewer job creations than in the UK or Germany. We speak to Pascal Cagni, the chairman of Business France, which is the government agency tasked with promoting inward investment in the country.
A new report says the oil giants should foot a $12 billion bill for the pollution in Nigeria's Bayelsa state — but they deny wrongdoing. Instead, Shell and Eni attribute the oil spill to illegal refineries and oil theft.
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Two of the 23 Thai hostages released late November spoke exclusively with DW. They talked about what they saw during their captivity in Hamas' underground tunnels.
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In Belgium, a recent documentary on sexual abuse in the Catholic Church has caused shock and soul-searching, reigniting a debate about the way religion is funded in the country. Unlike in neighbouring France, the Belgian state finances officially recognised religions, with representatives of the Catholic Church receiving the best pay. But the abuse scandal has seen many people demand a change in the rules.
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The use of artificial intelligence in the EU will be regulated by the AI Act, the world’s first comprehensive AI law. Find out how it will protect you.
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The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has called on African countries to take urgent action to end poverty and mismanagement of natural resources if they want to earn the respect of the global community.
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The death toll from floods in northern Tanzania following torrential rains this weekend has risen to 63, the prime minister said on Monday, adding to hundreds of other deaths caused by extreme weather in East Africa since seasonal rains began in October.
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