NEWS

B-2 Spirit Conducts Historic Hot Pit Refueling in Norway

Category: Business News

Orland, Norway — A B-2 Spirit bomber from Whiteman Air Force Base, Mo., conducted a historic hot pit refueling at Orland Air Base, Norway on Aug. 29, 2023. The occasion marked the first time that the B-2 has landed in Norway, signaling the shared commitment between the U.S. and Norway to deter threats and strengthen […]

Source: U.S. Air Forces in Europe & Air Forces in Africa

Equinor acquires stake in Bayou Bend CCS Project

Category: Business News

Equinor has acquired a 25 percent interest in Bayou Bend CCS LLC, positioned to be one of the largest US carbon capture and storage projects located along the Gulf Coast in Southeast Texas. “Commercial CCS solutions are critical for hard-to-abate industries to meet their climate ambitions while maintaining their activity. Entering Bayou Bend strengthens our […]

Source: Equinor

Published: November 23, 2024

Norway fund wants more women on boards, concerned about excessive CEO pay

Category: Business News

Norway’s $1.4 trillion wealth fund, the world’s single largest stock market investor, is to step up pressure on the companies it invests in to have more women board members and to also reduce excessive executive pay, a top fund official said. The fund is one of a growing number investors and policymakers pushing to put more women […]

Source: Reuters

Published: November 23, 2024

IRA spurs renewable buildout, but Biden climate goals remain elusive

Category: Business News

A year after its adoption, the Inflation Reduction Act has bolstered the adoption of carbon-free power, but the country does not yet appear to be on track to meet President Biden’s climate goals. The IRA provided significant tax credits for low-carbon and carbon-free energy sources including wind, solar, nuclear, carbon capture technology and biofuels, as well as for […]

Source: The Hill

Published: November 23, 2024

Norway central bank raises rate to 4.0%, eyes September hike

Category: Business News

Norway’s central bank raised its benchmark interest rate by 25 basis points to 4.0% on Thursday to try to curb inflation, as widely forecast, and said it would likely hike again in September. Thursday’s hike had been expected by all 31 economists polled by Reuters, and a majority of poll participants predicted the rate would hit […]

Source: Reuters.com

Published: November 23, 2024