Los Angeles to ban oil and gas drilling

Los Angele County has backed a ban on new gas and oil well drilling installations and the shutdown of active rigs. About 1,600 wells are to be phased out under the ruling, but officials have yet to indicate the date when it is to take effect.

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Lightsource BP speeds things up

Lightsource BP, a company devoted to solar energy and 50 % owned by the British corporation, is expanding its operations in a big way. The company is planning by 2025 to expand its solar capacity to 25 GW thanks to a new $1.8 billion revolving credit and trade finance facility that will help advance its new global growth strategy.

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Water shortages threaten hydrogen production

An increase in the number of projects to produce “green” hydrogen could be slowed by water shortages and further active development of the sector will require the creation of an additional market for desalination, analysts Rystad Energy said

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