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Intelligence for the New World Economy

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Intelligence for the New World Economy
Semafor World Economy

Semafor Energy

Japan to reopen world’s largest nuclear reactor

Kashiwazaki-Kariwa was one of 54 reactors shuttered after the 2011 earthquake that triggered the Fukushima nuclear meltdown.
Kashiwazaki Kariwa nuclear power plant.Issei Kato/Reuters

Offshore wind farms are helping marine life, research suggests

The study found that the wind turbine foundations allow sessile organisms — immobile living things like barnacles, sea sponges, and algae — to thrive.
An offshore wind array. Stephane Mahe/Pool/File Photo/Reuters

China solar firms launch consolidation fund to tackle overcapacity

Chinese solar panel manufacturers dominate the global landscape to the extent that, at one point, they produced twice as many panels as the global demand.
A solar panel array in China. Tingshu Wang/Reuters

Oil major BP announces first female CEO

Meg O’Neill, CEO of Australian oil and gas producer Woodside Energy, will replace Murray Auchincloss as CEO of the British major BP.
Meg O’NeillMark Felix/AFP via Getty Images

Western carmakers reverse on EV plans amid China competition

Ford dropped plans for an all-electric truck, while Volkswagen is expected to extend its investment in gas-powered cars.
A Tesla Model Y travels down the highway near Oceanside, California.Mike Blake/File Photo/Reuters

IEA raises prediction for global oil demand in 2026

The agency pointed to an improving macroeconomic and trade outlook for the changing picture, as well as reduced crude flows from sanctions-hit Russia and Venezuela.
An Aramco oil field in Saudi Arabia. Hamad I Mohammed/Reuters.

Exxon plans to cut low-carbon spending by a third

It’s the latest sign of a pullback on decarbonization across most big oil companies.

LNG supply glut to give EU leverage on methane rules, report says

While the LNG market has been tight for the past few years, many new export terminals will come online soon, pushing the market to oversupply by 2028.

Half of $1.2T climate adaptation funds should go to AC, report argues

Air conditioning is the most under-appreciated intervention, the McKinsey report says.

The energy wars hit the high seas

On Wednesday, US military and law enforcement agents seized an oil tanker off the Venezuelan coast.

Trump elevates fossil fuels in national security plan

The White House’s new National Security Strategy ignores a key source of China’s strength.

African e-mobility startup shifts strategy amid China competition

Ampersand’s move comes as Chinese competitors rush to African markets.

Aviation tech providers helping to curb emissions

SITA, which counts Singapore Airlines and Air France-KLM among its customers, is helping airlines cut fuel use, its CEO told Semafor.

Qatar ‘worried’ gas demand can’t be met

Demand for liquefied natural gas will grow by at least 50% in the next decade, Qatar’s Energy Minister Saad Sherida Al-Kaabi said.

EU unveils €3B plan to counter China’s rare earths grip

Both the EU and US have found themselves vulnerable to Beijing’s leverage over critical minerals.

Oil prices rise amid Ukraine strikes on Russian oil infrastructure

US-brokered peace talks in Moscow yielded scarce progress.

Trump to roll back Biden-era fuel economy standards for vehicles

Low-emission vehicles have been a target of the administration and congressional Republicans for months.

Democrats seek new relationship with fossil fuels

Sen. Ruben Gallego, D-Ariz., a rumored presidential contender for 2028, released a new energy strategy.