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On March 12, HCL announced that it will expand its strategic partnership with Google Cloud. HCL will use the Gemini model to create customized AI agents for global customers, while strengthening collaboration and security through Google Workspace.On March 12, the General Office of the Ministry of Industry and Information Technology issued a notice on organizing the 2026 Metropolitan Area "Millisecond Computing Power" Special Action. The action plans to be carried out in 50 regions in 2026 to improve the efficient operation of computing power and promote the integrated development of computing and the internet.The Russian Ministry of Defense reported that 10 Ukrainian attack drones were destroyed overnight over a gas compressor station supplying gas to the TurkStream pipeline. No damage to the compressor station was reported.On March 12, the International Energy Agency (IEA) reported that Russias oil export revenue fell to its lowest level since the conflict began in February, amid Western sanctions restricting sales and forcing a further widening of price discounts, and continued attacks on oil infrastructure by Kyiv. Russia earned $9.5 billion from crude oil and petroleum product exports last month, a decrease of $1.5 billion from January. According to the IEA, total oil exports plummeted by 850,000 barrels per day to 6.6 million barrels per day, also the lowest level since early 2022. Meanwhile, the IEA stated that attacks by Ukraine on Russian oil infrastructure and fuel production plants led to a reduction of approximately 300,000 barrels per day in Russian refining output in February, falling to 5.1 million barrels per day, which also contributed to the decline in crude oil exports. The IEA indicated that the Middle East conflict could increase demand for Russian oil due to production cuts by several regional producers. Nevertheless, the agency maintained its forecast for Russian crude oil production, projecting an average output of 9.3 million barrels per day for the remainder of 2026.Chair of the European Parliaments Trade Committee: (Regarding the US Section 301 tariff investigation) Any deviation from the EU-US trade agreement is unacceptable.

EU Legislature Committees Disagree With The "Green" Term For Gas And Nuclear Projects

Charlie Brooks

Jun 15, 2022 11:13

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Tuesday, two European Parliament committees supported an effort to prevent the EU from labeling gas and nuclear energy as climate-friendly investments, paving the way for a full parliament vote next month on whether to reject the guidelines.


The environment and economic committees of Parliament supported a resolution that seeks to thwart a proposal by the European Commission to include gas and nuclear in the European Union's taxonomy - a labeling system for "sustainable" investments intended to steer private capital towards those that support climate change targets.


EU nations and legislators are divided over whether the fuels are sufficiently green to merit this name, echoing larger divisions over how Europe can fulfill its climate objectives, and the EU plan might be rejected.


Beginning in July, the whole European Parliament will vote on the resolution. With the support of at least half of its 705 legislators, the gas and nuclear regulations would be blocked.


The resolution states that based on current EU regulations, gas and nuclear cannot be deemed sustainable, and labeling them as green would deceive investors. Tuesday, it passed with 76 votes in favor and 62 against.


"We are already cash-strapped and need every euro for solar and wind power," said Michael Bloss, a German Green MP who backed the measure.


Pascal Canfin, chairman of the environment committee, was among those who opposed it, citing the proposed regulations that designate natural gas and nuclear energy climate-friendly with the proviso that they are "transitional activities" that cannot yet be deemed totally environmentally friendly.


French politician Canfin said that this delegated act is consistent with the reality of the alternatives available to progress toward carbon neutrality.


The invasion of Ukraine by the world's leading gas supplier, Russia, has exacerbated disputes about gas dependence. Eastern European nations have argued that investments in natural gas are necessary to replace more polluting coal, while others argue that labeling CO2-emitting natural gas as sustainable weakens efforts to combat climate change.


Meanwhile, pro-nuclear governments, such as France, regard the CO2-free energy source as important to achieving climate goals, while opponents, such as Germany, highlight waste disposal issues.


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