The project was approved by a federal government order in 2018. Tvel said the synchrotron and related infrastructure are scheduled to be commissioned in 2024. Total investment in the project will be more than $580m.

The North American unit of French energy group Engie SA (EPA:ENGI) has secured up to USD 1.6 billion (EUR 1.46bn) in tax equity financing for its 2-GW portfolio of renewables assets in the US.

“Fusion energy technology holds great potential to be a safe, clean, reliable energy source, but research and development of fusion technology is often constrained by prohibitive costs,” said Under Secretary of Energy Mark W. Menezes.

"At the same time, the industry has announced and initiated a number of measures, and we can already see that this is affecting activity on the Norwegian shelf. Substantial cost cuts have been announced, reducing both exploration activity, investments and operating costs moving forward," says Director General Ingrid Sølvberg.

ExxonMobil capital investments for 2020 are now expected to be about $23 billion, down from the previously announced $33 billion.

A consortium led by circular carbon energy company Liquid Wind will produce liquid, carbon neutral fuel from captured carbon dioxide and green hydrogen at a new facility in Sweden.

TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that it will proceed with construction of the Keystone XL Pipeline Project (the Project), resulting in an investment of approximately US$8.0 billion into the North American economy.

Financing of RusHydro’s investment program for 2020-2025 amounts to RUB 634.04 bn, out of which RUB 430.4 bn is allocated for projects in the Far East. The investment program is balanced from the point of view of financing sources.

Leaders of the world's leading economies presented a united front against the coronavirus on Thursday and said they were injecting $5 trillion (Dh18.3tn) into the world economy to counter damage from the pandemic that has killed more than 21,000 people.

South Korea on Tuesday doubled a planned economic rescue package to 100 trillion won ($80 billion) to save companies hit by the coronavirus and put a floor under crashing stocks and bond markets.

Today, we are announcing that we have embarked on a series of operational and financial initiatives that are expected to result in: reduction of underlying operating costs by $3-4 billion per annum over the next 12 months compared to 2019 levels; reduction of cash capital expenditure to $20 billion or below for 2020 from a planned level of around $25 billion; and material reductions in working capital.

The White House is proposing a roughly $850 billion economic rescue package Tuesday amid the coronavirus outbreak, a sweeping stimulus for businesses and taxpayers amid unseen since the Great Recession of 2008.

Finance Minister Bruno Le Maire announced a €45 billion ($50 billion) aid package to help businesses and employees cope with the escalating health crisis and brace for a recession.

The IMF stands ready to mobilize its $1 trillion lending capacity to help our membership.

ExxonMobil is looking to significantly reduce spending as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases,