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IEA: global energy investment stabilized above $1.8T in 2018; security and sustainability concerns growing

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Global energy investment stabilized in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. Global energy investment totalled more than US$1.8

2018 191
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POSCO begins construction of S Korea’s first lithium hydroxide plant

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We will enhance our global competitiveness in lithium and other mineral resources and contribute to the development of domestic industries, including the secondary battery sector, by leading the localization of materials. Earlier post.) The subsequent production of lithium hydroxide will take place in South Korea.

Argentina 369
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Rio Tinto launches START: the first sustainability label for aluminum using blockchain technology

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It aims to empower end-users to make informed choices about the products they buy, enabling them to contribute to a sustainable future, and to differentiate between end products based on their environmental, social and governance credentials. In 2016, Rio Tinto launched RenewAl, the world’s first certified low-CO 2 primary aluminum brand.

Purchase 365
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Report: total investment of $8.1T in nature required over next 3 decades; tripling current investments needed by 2030

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The report uses the global standard developed by the International Union for the Conservation of Nature (IUCN) for nature-based solutions. —“State of Finance for Nature”. The report calls for coupling investments in restoration action with financing conservation measures. A total investment of $8.1

Financing 296
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bp acquires EV fleet charging provider AMPLY Power; first major step into electrification in the US

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By 2030, bp aims to nearly double earnings from its global convenience and mobility businesses—increasing from around $5 billion in 2019—while delivering returns in the range of 15-20%. During this time, bp plans to grow its global network of EV charging points from around 11,000 today to more than 70,000.

Fleet 170
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Porsche participates in Rimac’s €500M Series D round

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Porsche and Rimac are taking the next step in their collaboration with focus on the digital and electrified future of mobility. Porsche made its first investment in Rimac in 2018 and has successively increased its interest. The total volume of the round is €500 million, with Porsche investing an eight-figure sum.

Porsche 186
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Roskill: record cobalt deals in Q1 2018 show raw material procurement for Li-ion batteries revving up

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While some cathode manufacturers, battery makers, and even auto OEMs, closed or tried to close several lithium supply deals in 2017, cobalt- and nickel-related transactions seem to be taking over in 2018, perhaps with the realization that future cobalt and nickel supply is not as secure as lithium and graphite. Earlier post.)

Li-ion 150