ATP

Denmark's ATP Faces Financial Blow with $324 Million Write-Down on Northvolt Stake

7 days ago

In a significant financial setback, Denmark's largest pension fund, ATP, announced a dramatic $324 million write-down on its investment in Northvolt, the Swedish battery manufacturer. This development raises concerns about the viability and future of Northvolt, which has been the subject of considerable attention and investment in recent years.

UK Government Simplifies Installation of Electric Heat Pumps for Homes

1 month ago

In a groundbreaking move to shift towards greener energy solutions, the UK government has announced new regulations aimed at making it easier for homeowners to install electric heat pumps. This initiative comes as part of the broader strategy to reduce carbon emissions and meet climate goals by promoting renewable energy sources in residential settings.

Marfrig Reports Record Earnings Aligned with Surge in Chicken Demand

1 month ago

Brazilian food processing giant Marfrig Global Foods SA has announced a substantial increase in its earnings, achieving a three-year high, predominantly driven by heightened demand for chicken products. The company, which is recognized as one of the leading meat producers in the world, reported a net income of 2.173 billion reais ($425 million) for the third quarter of 2024. This figure marks a remarkable increase from the prior year, showcasing a resurgence in the global poultry market.

Trump's Impact on Future Energy Incentives: Heat Pumps and EVs Under Scrutiny

1 month ago

The political landscape is looming over the future of heat pump and electric vehicle (EV) incentives, prompting industry stakeholders to reassess their strategies. With former President Donald Trump’s return to political prominence, discussions around potential shifts in climate and energy policies have intensified. Trump's influence could significantly affect the future viability of various green energy initiatives, particularly those tied to incentives for heat pumps and electric vehicles.

Increasing Repeat Payouts Strain U.S. Flood Insurance Program

3 months ago

Communities around the United States continue to face widespread flood-related disasters with increasing frequency, placing a growing burden on the NFIP. Research and reports have highlighted the alarming rise in so-called "repeat payouts"-instances in which the same properties claim insurance over and over due to repeated flooding. All these kinds of trends place an excessive financial burden on the already-pressed program subsidized by taxpayers.