Author: Press Room

Hello and welcome back to Energy Source.First off, thank you for all the great responses last week on carbon capture and storage. The consensus among ES readers is that CCS will be needed as part of the decarbonisation drive, but still faces enormous hurdles to reaching the scale needed in the climate fight.Today, we’re looking at the natural gas market. For the first time since Russia’s invasion of Ukraine there’s some good news on prices, which have been falling fast. Will it last? And in Data Drill, Amanda digs into China’s crude imports, where a fight for market share has…

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UK-based crypto platform Freeway halted withdrawals on Sunday due to, as they claim, never-before-seen levels of volatility – but some argue that this is in fact a rug-pull.”Has anyone been able to withdraw over the recent days,” members have been asking in Freeway’s Telegram channel, with many replaying that they have not – and that they made attempts even before the notice by Freeway was published.Per a notice currently popping up on Freeway’s website and which is shared on Twitter, “As all of you will be aware, there has been unprecedented volatility in Foreign Exchange and Cryptocurrency markets in recent times.…

Former finance minister Rishi Sunak met with King Charles III as he officially entered the top job as the U.K.’s newest prime minister Tuesday.The meeting with the Charles and Sunak, the first British Asian to hold the high office, is part of the ceremonial transfer of power known as “kissing hands” and followed Liz Truss’ announced resignation last week.Sunak is now the third U.K. leader in seven weeks and the first prime minister to be welcomed into office by Charles since the passing of his mother Queen Elizabeth II. NEW UK PRIME MINISTER RISHI SUNAK ACKNOWLEDGES ‘SOME MISTAKES WERE MADE’ UNDER…

Adidas has cut ties with Ye, formerly known as Kanye West after facing pressure to end its partnership with the rapper in the wake of his antisemitic comments. “Adidas does not tolerate antisemitism and any other sort of hate speech,” the company said in a statement Tuesday. “Ye’s recent comments and actions have been unacceptable, hateful and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect and fairness.”The German athletic brand said the decision to terminate its partnership with Ye “immediately” came after a “thorough review.”Adidas, which began its partnership with Ye in 2013, said it will end…

CHARLOTTE, N.C. – With Democrats and Republicans evenly split in the U.S. Senate, the stakes are high for senate races in key toss-up states. Former President Trump is vocally supporting the candidates he favors. However, one big name is not leaning into these races as much; President Biden. Why? It likely comes down to Biden’s popularity. For example, he is not popular in North Carolina, so that could play a role in why he has never campaigned with the Democratic candidate in the state.With just over two weeks from election day, polls are neck and neck in key senate races in states…

Treasurer Jim Chalmers says the government understands electricity prices are becoming a “bigger and bigger part” of the country’s inflation challenge. “Obviously, when you’ve got power price increases forecast like that, you consider a range of options,” he told Sky News Australia. “We’ve got a big challenge here, and what I’ve been saying today … was that if we need to consider further steps, particularly on the regulatory side, then I think any responsible government would explore them.” Source: Sky News

The Champion of Champions is back for 2022 with 16 of the world’s top stars battling it out. Despite no ranking points at stake, the £150,000 prize for the winner is more than enough incentive for those taking part in the latest edition of the event. World champion Ronnie O’Sullivan will be in action looking to claim his fourth title, while Mark Allen, fresh off his win at the Northern Ireland Open, will also be gunning for the top prize.Champion of ChampionsWho does O’Sullivan face at Champion of Champions? Trump set for title defence4 HOURS AGOJudd Trump, who won the…

Adidas had ended its partnership with Ye, also known as Kanye West, with “immediate effect.” In a statement Tuesday, the sportswear maker said it “does not tolerate antisemitism and any other sort of hate speech” and said that his recent comments were ‘unacceptable, hateful and dangerous.” Adidas said they violated the company’s “values of diversity and inclusion, mutual respect and fairness.” Sales and production of his Yeezy branded products have stopped as well as payments to Ye and his companies. Adidas said it will take a €250 million hit ($246 million) to its fourth quarter sales. Adidas has partnered with…

The Public Order Emergency Commission resumes public hearings Tuesday, with senior police members expected to testify. Two Ottawa police officers and an Ontario Provincial Police member are slated to testify at the inquiry investigating the federal government’s unprecedented use of the Emergencies Act.Interim Ottawa police chief Steve Bell said on Monday that in the days leading up to the mass protest in the city last winter, police didn’t have intelligence suggesting the “Freedom Convoy” would use local citizens as a “leverage point.”Senior police and City of Ottawa officials have painted a picture of disorganization between police forces and levels of…