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Business 21 Dec 2021 | 7:00 AM

Fossil fuels to drive record Australian resources revenue

SYDNEY: Australia has revised up its forecast for resources and energy export revenue on the back of strong coal and liquefied natural gas (LNG) prices, even as the world tries to wean itself off heavy-polluting fossil fuels.

Business 04 Dec 2021 | 7:00 AM

Europe carbon price almost tripled

EUROPEAN carbon futures rose above €80 (RM382.80) a tonne yesterday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Business 10 Nov 2021 | 7:00 AM

Partnership to explore carbon storage opportunities

KUALA LUMPUR: State energy firm, Petroliam Nasional Bhd (Petronas), said it has partnered with a Malaysian unit of Exxon Mobil Corp to jointly explore opportunities in carbon capture and storage (CCS) technologies in a bid to decarbonise the country’s upstream industry.