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Shaun Maguire, a partner at Sequoia Capital and early investor in several of Elon Musk’s companies, says people aren’t focusing on niche chemicals enough.On an episode of the “Relentless” podcast that aired on November 17, Maguire said that he might invest in the chemicals industry if he had $10 billion to start a business.”The chemicals industry is one of the most underrated industries in the world for many reasons,” Maguire said. He added that most people don’t think about the industry, which supports production for nearly all commercial and household goods, according to a 2022 report from the Cybersecurity and…

Western sanctions and reduced European demand made Russian oil available at steep discounts. India’s imports of Russian crude oil – the feedstock for fuels like petrol and diesel – are expected to drop sharply in the near term but not halt entirely as new US sanctions on Moscow’s top oil exporters take full effect, analysts said.US sanctions on Rosneft and Lukoil, and their majority-owned subsidiaries, took effect on November 21, effectively turning crude linked to these firms into a “sanctioned molecule”.India’s crude oil imports from Russia, averaging 1.7 million barrels per day (bpd) this year, remained firm ahead of the…

According to them, locals, including students, patients, businessmen, and daily commuters, have been bearing the brunt of the deteriorating road infrastructure.Asom Jatiyatabadi Yuba Chatra Parishad (AJYCP) members launched an indefinite blockade of Oil India Limited (OIL) vehicles at Bordubi in Tinsukia district on Saturday, protesting the deplorable condition of the Tinsukia-Duliajan road and the Bahadur Chariali-Bahadur Tea Estate road.The agitation, centered at Bahadur Chariali, resulted in scores of OIL tankers and other company vehicles remaining stranded on the road as activists prevented their movement.The AJYCP alleged that hundreds of heavy OIL vehicles, including tankers, ply these two roads daily, causing…

This week in ESG news: Deutsche Bank expands sustainable finance strategy to target transition opportunities; U.S. appeals court pauses California climate reporting law just weeks before implementation; EU proposes overhaul to sustainable investing regulation; Credit Agricole commits to achieve 90% green financing ratio; DHL signs major U.S. sustainable aviation fuel deal; EU states vote to delay supply chain deforestation deal – again; SEC to allow companies to block shareholder proposals at annual meetings; ABN AMRO’s new Chief Sustainability Officer; Amazon launches projects to restore 2 billion liters of water per year; Marks & Spencer launches supplier decarbonization program, and more.…

The Albanese government is being urged to explain how it will drive a fossil fuel phase-out, after it joined dozens of countries at a UN climate summit to back a declaration that the world should quickly wean off coal, gas and oil.Australia signed up to the declaration on a just transition away from fossil fuels at a side event at the Cop30 conference in the Brazilian city of Belem, which finished on Saturday night local time, more than 24 hours after the scheduled close.Led by Colombia, the “Belem declaration” committed countries to work together towards a “just, orderly and equitable”…

The world edged a small step closer to the end of the fossil fuel era on Saturday, but not by nearly enough to stave off the ravages of climate breakdown.Countries meeting in Brazil for two weeks could manage only a voluntary agreement to begin discussions on a roadmap to an eventual phase out of fossil fuels, and they achieved this incremental progress only in the teeth of implacable opposition from oil-producing countries.The talks were hauled back from the brink of collapse in an all-night session into Saturday morning, after a bitter standoff between a coalition of more than 80 developed…

A worker repairs a power line in Austin, Texas, U.S., on Wednesday, Feb. 18, 2021.Thomas Ryan Allison | Bloomberg | Getty ImagesThe rapid expansion of data centers in Texas is driving electricity demand higher during the winter, compounding the risk of supply shortfalls that could lead to blackouts during freezing temperatures. The Lone Star state is attracting a huge amount of data center requests, driven by its abundant renewable energy and natural gas resources as well as its business friendly environment. OpenAI, for example, is developing its flagship Stargate campus in Abilene, about 150 miles west of Dallas-Forth Worth. The…

Company: Baker Hughes (BKR)Business: Baker Hughes is an energy technology company with a portfolio of technologies and services that span the energy and industrial value chain. The company operates in two segments: oilfield services and equipment and industrial and energy technology. The OFSE segment provides products and services for onshore and offshore oilfield operations across the lifecycle of a well, ranging from exploration, appraisal, and development, to production, rejuvenation, and decommissioning. OFSE is organized into four product lines: well construction; completions, intervention and seasurements; production solutions and subsea and surface pressure systems. The IET segment provides technology solutions and services…

Sasol Ltd. Chief Executive Officer Simon Baloyi said the South African company may spin off its international chemicals business as soon as 2028, depending on how quickly profit grows. Shares of the fuel and chemicals firm have gained about 47% this year — heading for its best performance since 2021 — as Baloyi, who became CEO last year, focuses on increasing output from the Secunda manufacturing hub in South Africa and turning around the international chemicals division ahead of a potential listing. That part of the company includes the $12.8 billion sprawling Lake Charles complex in Louisiana.  A listing could happen as early…

Harry Stebbings isn’t shy about sliding into inboxes. And he’s persistent — just ask Marc Benioff.Stebbings, the 29-year-old founder of venture capital firm 20VC, interviewed the Salesforce CEO in 2023 for his podcast. He wasn’t the easiest guest to score, but Stebbings was committed to getting him on the show.Stebbings spoke about his strategy for getting Benioff to say yes — which involved sending 53 cold emails over a year — during a November 12 episode of the “Biography” podcast with Wouter Teunissen. It’s a skill that Stebbings has honed over the years of hitting up potential guests.Stebbings shared his…