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Tag Archives: energy

US to overtake Saudi as crude oil producer: IEA

Paris, France | AFP | The United States are set to overtake Saudi Arabia as the world’s number two oil producer after Russia this year, as shale companies, attracted by rising prices, ramp up drilling, the International Energy Agency said on Friday. “This year promises to be a record-setting one …

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‘Microwave ovens are cooking the environment’

Paris, France | AFP | Small electrical appliances such as microwave ovens, kettles and hair dryers harm the environment in a dozen different ways, and consumers can do far more to reduce the impacts, researchers said Thursday. In the European Union, the electricity used by 130 million microwaves puts 7.7 …

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Investors turn back on fossil fuels at Paris climate summit

Paris, France | AFP | Major investors vowed Tuesday to move away from Earth-warming fossil fuels as world leaders met in Paris seeking to unlock new cash to save humanity from climate “doom”. Two years to the day since 195 nations sealed the Paris Agreement to avert worst-case-scenario climate change, …

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Burkina Faso launches Sahel region’s largest solar power plant

Zagtouli, Burkina Faso | AFP | West Africa’s biggest solar power plant goes onstream on Wednesday as Burkina Faso, one of the world’s poorest countries, inaugurates a novel scheme to boost renewables and cut energy dependence on its neighbours. The 55-hectare (135-acre) plant at Zagtouli on the outskirts of the …

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Inside Umeme’s Shs47.5bn loss

  UMEME: Company fails to win court case against ERA, writes off Shs115.3bn from its balance sheet  Kampala, Uganda | JULIUS BUSINGE | Electricity distributor, Umeme Limited, recorded a first ever loss since it listed its shares on the Uganda Securities Exchange and the Nairobi Secures Exchange five  years ago. …

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