News from Lvov
29/05/2026
In 2023, China’s economy expanded by 5.3%. This would have been an impressive number worth celebrating for any other country. For China, however, the number was widely seen as a disappointment—even though it exceeded analyst expectations. As a result of these apparently disappointing developments, analysts expect Beijing to lean heavily on stimulus this year. And
READ MOREWith the recent expiration of the federal government’s $600 per week unemployment benefits, many local residents are left without a job and wondering what’s next. But one local nonprofit has stepped in to provide 700 hot meals on Friday. Mike Fontus: Youth Nonprofits to Address Food Insecurity Amidst Pandemic Related
READ MOREIn the U.K., the government is investing in the assessment of the potential for old coal mine sites to be converted into renewable energy hubs. As many governments around the globe aim to phase out the use of coal, researchers are exploring the potential for old mining sites. Rather than be left abandoned, ex-coal production
READ MOREWarren Buffett-backed Occidental Petroleum is predicting an oil supply shortage by 2025 due to global failure to replace crude reserves at a fast enough pace. “We’re in a situation now where in a couple of years’ time we’re going to be very short on supply,” Occidental CEO Vicki Hollub told CNBC at the Smead Investor
READ MORELast year, China emerged as the world’s clean energy champ, with the country accounting for $546 billion, or nearly half, of the $1.1 trillion that flowed into the sector as countries everywhere rushed to beef up their energy security. But those mammoth investments will do little to change China’s tag as the planet’s biggest polluter,
READ MOREChevron has announced the start of the second phase of development at the Tamar gas field offshore Israel. Despite the ongoing war with Hamas, the U.S. supermajor is working to increase production at the deposit to 1.6 billion cubic meters daily. The expansion project will cost $24 million. “Reaching FID for Phase Two of Tamar’s
READ MOREUS thermal coal exporters recorded more than $5 billion in overseas sales in 2023, shipping upwards of 32.5 million metric tons of the high-polluting power fuel, according to Reuters, citing data from ship-tracking firm Kpler. These coal export earnings were the second highest since 2017, trailing only behind 2022’s $5.7 billion. This comes as US
READ MOREChina is far outpacing the rest of the world in terms of new clean energy capacity additions, but it’s powering all that expansion with the dirtiest fossil fuel. As China’s clean energy production potential balloons, the nation’s carbon efficiency is moving backwards. The world desperately needs all that new clean energy in order to achieve
READ MOREMembers of Parliament appreciated the efforts made by the Ministry of Coal for increasing the domestic coal production and made valuable suggestions. Union Minister of Coal, Mines and Parliamentary Affairs , Shri Pralhad Joshi said that since India’s per capita electricity consumption is likely to double by 2030, energy security of the nation needs to
READ MOREThe world was already struggling to combat a global energy supply squeeze well before the Russian invasion of Ukraine. Now, as world powers seek to condemn the Kremlin’s actions in Ukraine by crippling the Russian economy, it’s becoming increasingly clear that energy sanctions will be a necessary part of any meaningful global response. In order
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