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In February, German energy company RWE invoked an obscure agreement called the Energy Charter Treaty (ECT) to sue the Netherlands for 1.4 billion euros ($1.67 billion) as compensation for phasing out coal by 2030. The case is the tip of a litigation iceberg, with another German energy company, Uniper , on Friday confirming it is taking the Netherlands to court over its coal exit, and in parallel is suing for a reported 1 billion euros under the ECT. Such claims are magnified due to an obscure "future earnings" clause. The treaty protects around 345 billion euros worth of fossil fuel infrastructure in the EU, Great Britain and Switzerland, according to analysis by cross-border journalist collective Investigate Europe. Concern is growing among EU politicians and climate activists that the investor-friendly ECT is slowing climate ambition. It is also shifting the climate action burden from fossil fuel companies to tax payers. Opponents say massive public payouts need instead … [Read more...] about Multi-billion euro lawsuits derail climate action

When two orbiting supermassive black holes get close to each other, the results can be pretty twisted. A new NASA visualization shows how the irresistible pull of extreme gravity bends and distorts light in the glowing rings of hot gas circling the black holes in a simulated binary system. The animation shows two black holes: The bigger of the pair, which is about 200 million times the mass of our sun, is surrounded by red rings of hot gas called an accretion disk. Orbiting that giant is a second black hole weighing in at about half of that mass, and its gas and dust rings are illustrated in bright blue. Powerful gravitational forces tug and warp the fabric of space-time as one black hole orbits the other, bending the light from the dance partners' glowing accretion disks. And the closer you get to one of these warped giants in the simulation, the more contorted the other appears, NASA representatives said in a statement . Related: 10 huge black hole … [Read more...] about Watch two black holes bend the daylights out of spacetime in this trippy NASA visualization

Speaking at a recent meeting to review the socio-economic development for the quarter, Deputy Secretary of the provincial Party Committee Nguyen Thi Yen said key economic sectors achieved growth during the quarter. The province achieved the dual goal of containing COVID-19 while ensuring economic growth, she said. So its revenues rose by 6.7 percent to more than 22 trillion VND (953.46 million USD), she said. Industrial production value excluding oil and gas rose by 7.3 percent year-on-year. The value of port services jumped by 9.6 percent. The province speeded up work on some crucial transport projects to facilitate connectivity to the Cai Mep-Thi Vai port complex in Phu My town. The tourism sector saw a robust recovery, with the number of visitors in the first quarter doubling from a year ago to 1.8 million. In the second quarter, the province plans to focus on improving its business climate and competitiveness to attract foreign investment. Source: VNA … [Read more...] about Ba Ria-Vung Tau economy grows in Q1

The purple supermini is almost here. Days after SEAT introduced the Ibiza facelift, Volkswagen is getting ready to unveil the mechanically related Polo with a mid-cycle update. The virtual wraps are coming off Thursday (April 22), and to ease the wait, a teaser image has been published to provide a sneak preview. The subcompact hatchback gets a striking purple paint and redesigned LED headlights. What the numerous spy shots of prototypes have failed to show because of VW's sneaky camouflage is the light bar embedded into the front grille. Perhaps we should've seen it coming considering bigger-brother Golf Mk8 has a similar setup. It's there to create a visual connection between the LED daytime running lights, which also have a separate boomerang-shaped motif at the corners of the headlights. Gallery: 2022 VW Polo facelift spy photos 26 Photos The peeps from … [Read more...] about 2021 Volkswagen Polo Facelift Teased Ahead Of April 22 Premiere

STUFF A variety of new energy sources are predicted to power Aotearoa into the future. It’s exciting times in the energy sector, which is buzzing as New Zealand seeks to decarbonise by 2050. Projects are rolling out at pace and it’s clear there will be not be one, but many options. New Zealand has long had a head-start on clean energy, with 81 per cent of the electricity sector stemming from hydro and geothermal. But other energy sources have also been gaining traction. With the Government putting the clamps on oil exploration, the natural gas industry has reinvented itself, announcing it will use hydrogen to replace fossil fuel natural gas over the next 30 years. READ MORE: Most coal boilers would need to go by 2037 under Government plan Prime Minister hails country's largest post-Covid investment as a climate change boost Gas appliances would need to be replaced from 2035 under First Gas hydrogen plan Have your say on Climate Change Commission’s … [Read more...] about Farewell to carbon: the clean fuels in NZ’s future