President Biden’s American Jobs Plan proposes pumping $2.3 trillion into a slew of sectors over the next eight years.

Upon closing, Aramco will receive upfront proceeds of around $12.4 billion, further strengthening its balance sheet through one of the largest energy infrastructure deals globally.

The Kingdom wants to increase the generation capacity of renewable energy sources to about 58.7 gigawatts by 2030, of which 40 gigawatts (GW) would be from solar and 16GW from wind energy and the balance coming from other renewable energy sources,

Norges Bank Investment Management will pay 1,375 million euros for its 50 percent interest in the offshore wind farm. No external debt financing will be involved in the transaction.

Scientific assessments have made clear that nuclear energy is needed to address the related causes and the challenges ahead of these disruptions. Despite this, the limited recognition this low carbon, dispatchable energy source receives from the European Commission is at best paradoxical, and certainly counterproductive.

The new group, Sustainable Energy Group (SEG), will combine Energy & Resources (E&R) and Power & Renewables (P&R) groups and have about $18 billion in assets.

“We can provide universal access to energy in Africa primarily through renewable energy. I call for a comprehensive package of support to meet this objective ahead of COP26,” Mr. Guterres said, referring to the UN climate change conference in November.

Novatek seeks to raise $11 billion in external financing and has said it planned to get the funds by the first half of this year.

The UAE Sunday announced $3 billion investment in Iraq in a fresh bid to strengthen the economic and investment relations between the two fraternal nations.

The plan proposes $100 billion in spending on upgrading and building out the nation's aging and regionally siloed electric transmission system. Various studies have estimated the U.S. will need to double or even triple its electric transmission capacity to successfully decarbonize its economy by midcentury.