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Showing posts with the label energy

Sri Lankan president's visit to India signals growing economic and energy ties

Sri Lanka and India have signed a slew of energy, development and trade agreements, signaling the growing economic ties between the two neighboring countries NEW DELHI -- Sri Lanka and India signed a series of energy, development and trade agreements on Friday, signaling growing economic ties between the neighboring countries. Sri Lankan President Ranil Wickremesinghe arrived in New Delhi a day earlier for the official visit , his first since taking up the top job last year after an economic meltdown forced his predecessor to flee. On Friday, he held talks with Indian Prime Minister Narendra Modi and the two leaders unveiled agreements on technology, renewable energy and greater connectivity designed to deepen bilateral relations between India and Sri Lanka. “My visit to India has provided an opportunity to review our bilateral relationship, leverage the strength of geographical and civilizational links, reinforced trust and confidence for our future prosperity in the modern world,” W...

Tribal activists reject the Nevada mine Biden hails as a key to clean energy

A huge lithium mine under construction in northern Nevada is at the center of a dispute over President Joe Biden’s clean energy agenda OROVADA, Nevada -- Just 45 miles (72 kilometers) from the Fort McDermitt Indian Reservation where Daranda Hinkey and her family corral horses and cows, a centerpiece of President Joe Biden’s clean energy plan is taking shape: construction of one of the largest lithium mines in the world. As heavy trucks dig up the earth in this remote, windswept region of Nevada to extract the silvery-white metal used in electric-vehicle batteries, the $2.2 billion project is fueling a backlash. “No Lithium. No mine!″ proclaims a large hand-painted sign in Hinkey's front yard. The Biden administration says the project will help mitigate climate change by speeding the shift away from fossil fuels. But Hinkey and other opponents say it is not worth the costs to the local environment and people. Similar disputes are taking place around the world as governments and comp...

Biden administration announces nearly $11 billion for renewable energy in rural communities

The U.S. Department of Agriculture announced a nearly $11 billion investment on Tuesday to help bring affordable clean energy to rural communities throughout the country The U.S. Department of Agriculture announced a nearly $11 billion investment on Tuesday to help bring affordable clean energy to rural communities throughout the country. Rural electric cooperatives, renewable energy companies and electric utilities will be able to apply for funding through two programs, U.S. Department of Agriculture Secretary Tom Vilsack said during a media briefing on Monday. Vilsack said it was the largest single federal investment in rural electrification since President Franklin D. Roosevelt signed the Rural Electrification Act in 1936 as part of the New Deal. “This is an exciting opportunity for the Rural Utility Service to work collaboratively with our great partners, the Rural Electric cooperatives, in order to advance a clean energy future for rural America,” Vilsack said. “So this is an exc...

Hungary forces new energy deals with Russia amid Ukraine war

Hungary has signed new agreements to ensure its continued access to Russian energy BUDAPEST, Hungary -- Hungary signed new agreements Tuesday to ensure its continued access to Russian energy , a sign of the country's continuing diplomatic and trade ties with Moscow that have confounded some European leaders amid the war in Ukraine. Speaking at a news briefing in Moscow, Hungarian Foreign Minister Pet er Szijjarto said Russian state energy company Gazprom had agreed to allow Hungary, if needed, to import quantities of natural gas beyond the amounts agreed to in a long-term contract that was amended last year. The price of the gas, which would reach Hungary through the Turkstream pipeline, would be capped at 150 euros ($163) per cubic meter, Szijjarto said, part of an agreement that will allow Hungary to pay down gas purchases on a deferred basis if market prices go above that level. Szijjarto's trip to Russia's capital was unusual for an official from a European Union cou...