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State-owned <keyword id="20039950" type="General" weightage="20" keywordseo="Bharat-Petroleum-Corporation" source="keywords" meta.keywordsubtype="org" meta.entityname="Bharat Petroleum Corporation" meta.hostid="153" meta.entityid="Bharat Petroleum Corporation">Bharat Petroleum Corporation</keyword> plans to invest Rs 1.7 lakh crore over the next five years to grow its core oil refining and fuel marketing business as well as in 'future big bets' of <keyword id="20115883" type="General" weightage="20" keywordseo="petrochemicals" source="keywords">petrochemicals</keyword> and <keyword id="19895435" type="General" weightage="20" keywordseo="green-energy" source="keywords">green energy</keyword>, its chairman G Krishnakumar has said. At present, Bharat Petroleum Corporation Ltd (<keyword id="19908646" type="General" weightage="100" keywordseo="BPCL" source="keywords" meta.keywordsubtype="org" meta.entityname="BPCL" meta.hostid="153" meta.entityid="BPCL">BPCL</keyword>) owns about 14 per cent of India's oil <keyword id="20064251" type="General" weightage="20" keywordseo="refining-capacity" source="keywords">refining capacity</keyword> and about a quarter of the fuel retailing network. It plans to grow these businesses while foraying into newer areas. The firm is now implementing the first phase of a multi-decade aspirational journey in the form of '<keyword id="22826627" type="General" weightage="20" keywordseo="project-Aspire" source="keywords">Project Aspire</keyword>' - its five-year strategic framework that is based on two fundamental pillars - 'Nurturing the Core' and 'Investing in Future Big Bets', he said in the company's latest annual report. "Our mid-term strategy is on a continuum. While we remain committed to growing our core businesses, which include refining and marketing <keyword id="20037698" type="General" weightage="20" keywordseo="petroleum-products" source="keywords">petroleum products</keyword> and upstream, we are equally focused on our big bets comprising petrochemicals, gas, green energy, non-fuel retail, and digital. "Project Aspire, with a planned capex outlay of around Rs 1.70 lakh crore over five years, will enable us to create long-term value for our stakeholders while preserving our planet for future generations," he said. "A cornerstone of our long-term strategy, Project Aspire, with a Rs 1.70 trillion investment, marks the initial phase of our multi-decade odyssey to shape the energy of tomorrow. This, coupled with our robust balance sheet, fuels our ambition to lead the <keyword id="19951336" type="General" weightage="20" keywordseo="energy-transition" source="keywords">energy transition</keyword>." The company is targeting net zero carbon emissions from its operations by 2040. "BPCL has drawn a net-zero roadmap, which encompasses renewable power, green hydrogen, compressed biogas, carbon capture, utilisation, and storage (CCUS), efficiency improvement and the offsets procurements. This would require a phased capital outlay of approximately Rs 1 lakh crore till 2040, and the company is geared for the same," he said. The firm's bet on continuing investing in core businesses is based on the premise that India's booming economy will drive a 4-5 per cent annual increase in energy demand and petroleum product consumption. Also, the demand for major petrochemical products is expected to rise by 7-8 per cent annually. "This presents a strategic opportunity to expand refining capacity alongside the development of integrated petrochemical complexes," he said. BPCL is implementing new petrochemical projects at two of its three oil refineries. A Rs 49,000 crore ethylene cracker project is being implemented at the Bina refinery in Madhya Pradesh, alongside raising oil refining capacity from the current 7.8 million tonnes to 11 million tonnes annually by 2029. A polypropylene project is being set up at Kochi refinery in Kerala by 2027. "To meet the anticipated demand beyond our planned expansions in Bina and Kochi, we are actively evaluating options for setting up additional integrated refining and petrochemical capacities within the next 5-7 years," Krishnakumar said without disclosing either the investments or the location of such a project. Andhra Pradesh is being speculated as the likely site after Prime Minister Narendra Modi's BJP and regional party TDP stormed to power in the state in recently concluded assembly elections. TDP has been demanding the implementation of a refinery-cum-petrochemical complex that was promised as part of the package when the state was split more than a decade back. "Our investment in the petrochemical project is consistent with our aspiration of becoming a dominant player in India's petrochemical growth story," Krishnakumar said. On energy transition, he said BPCL is targeting to build 2 gigawatts (GW) of <keyword id="19895602" type="General" weightage="20" keywordseo="renewable-energy" source="keywords">renewable energy</keyword> capacity by 2025 and 10 GW by 2035. "We are investing nearly Rs 1,000 crore to establish two 50 MW captive wind power plants in Maharashtra and Madhya Pradesh, which will support our refineries in Mumbai and Bina." The firm is also investing around Rs 300 crore in 72 MWp of solar project in Prayagraj, Uttar Pradesh. "Concomitantly, we are executing green hydrogen projects aligned with the National Green Hydrogen Mission. These projects include a 5 MW electrolyser plant at Bina refinery and a green hydrogen refuelling station with an indigenously developed electrolyser at Kochi," he noted. BPCL, he said, is committed to supporting the transition to electric mobility through a robust and accessible charging infrastructure. The company has installed over 3,000 charging stations, including fast chargers for cars and two-wheelers. 900 fast chargers are installed across 120 highway corridors, which helps address the range, discovery and time anxiety of electric vehicle (EV) owners. "Over the next five years, we aim to install 4-wheeler fast chargers at approximately 6,000 retail outlets across 400 highway corridors, prioritising high-traffic corridors like the Golden Quadrilateral and N-S/E-W highways," he said. On biofuels, he said BPCL sells petrol with 20 per cent ethanol blend at 4,279 out of its over 22,000 petrol pumps. It is also building compressed biogas plants using municipal solid waste to make gas that can be used as CNG in automobiles. The firm is also exploring partnerships in the arena. "These combined efforts, along with the upcoming commissioning of a bio-ethanol refinery, positions BPCL as a key player in India's transition to a greener fuel mix, creating a robust ecosystem for the adoption of cleaner fuels across the country," he added. BPCL is establishing a corporate venture capital fund to invest directly in promising startups. "In order to thrive in this complex and challenging business landscape, we will leverage our agility and focus on operational excellence to ensure continued success. Safety and reliability will remain our top priorities, guiding all our actions. We are committed to upholding the highest standards of corporate governance," he added. He said the energy sector of India stands at an inflection point. "The nation has an ambitious vision of becoming a USD 30 trillion developed economy by 2047. 'Viksit Bharat @2047' will necessitate an almost fourfold increase in primary energy demand." India's exponential growth trajectory will propel it to a pivotal role in the global energy market, accounting for roughly 12 per cent of world energy consumption by 2047. "The key strategic objectives for India in the energy sector will entail significant expansion in refining capacities, raising the share of gas in the energy basket from about 6 per cent to 15 per cent, establishing leadership in petrochemical exports, and sharply reducing energy imports from current levels of 47 per cent to below 25 per cent by 2030 and to zero by 2047," he said. India is targeting 500 GW of non-fossil fuel energy capacity, sourcing half of its energy needs from renewables, reducing carbon emissions by 1 billion tonnes and lowering carbon intensity by 45 per cent by 2030 with the ultimate goal of net-zero emissions by 2070. "Building on its strong Indian energy presence, BPCL aspires to meet 7-10 per cent of the nation's primary energy demand by 2047," he said.

BPCL planning Rs 1.7 lakh crore spend to expand core business, new energy foray over next five years

<ul><li>Eli Lilly received a street-high $1,000 price target from Bank of America on Friday, marking 29% upside from current levels.</li><li>The bank said Eli Lilly's GLP-1 weight loss drug could top $60 billion in sales by 2030.</li><li>"We'd argue that additional opportunities in heart disease, obstructive sleep apnea, and liver disease are vastly underappreciated," BofA said.</li></ul>Shares of <a href="https://markets.businessinsider.com/stocks/lly-stock?miRedirects=1">Eli Lilly</a> could surge another 29% from current levels as <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-ozempic-wegovy-glp1-weight-loss-drugs-investing-2023-10">its GLP-1 weight loss drug sees a sales boom,</a> according to <a href="https://markets.businessinsider.com/stocks/bac-stock?miRedirects=1">Bank of America.</a>The bank reiterated its "Buy" rating and increased its price target to $1,000 from $800, which represents the highest price target on Wall Street."While investors clearly recognize the commercial opportunity for Mounjaro (diabetes) and Zepbound (obesity), we'd argue that additional opportunities in heart disease, obstructive sleep apnea, and liver disease are vastly underappreciated," Bank of America analyst Geoff Meacham said in a Friday note.The bank expects sales of Eli Lilly's GLP-1 drugs to see continued strength for years to come, with the potential for sales to top $60 billion by 2030. For perspective, Eli Lilly generated $34 billion in revenue last year.The drug company has experienced a swift uptake in sales for its GLP-1 drug, which helps patients lose weight faster <a href="https://www.businessinsider.com/mounjaro-vs-ozempic-side-effects-2023-5#:~:text=Two%20popular%20weight%20loss%20drugs,cause%20milder%2C%20less%20frequent%20symptoms.">with less frequent side effects than competing FDA-approved drugs.</a> But the opportunity for Eli Lilly is expanding its approved indications for the drug to beyond obesity, which could lead to increased insurance coverage for the drug."We acknowledge there's wood to chop on access/manufacturing capacity, but we'd argue our forecasts are still conservative, as by 2030, we assume &lt;7% of US adults will be on a GLP-1 for obesity (includes competitors)," Meacham said. Next-generation weight loss drugs from Eli Lilly, if approved, could add an additional $20 billion to the company's revenue by 2030, according to the note, bringing its total weight-loss class of drugs to more than $80 billion of sales.The company is developing an oral version of its GLP-1 drugs, as opposed to the current injection form of the drug, as well as a GGG agonist, which has shown promise in helping patients lose weight without significant muscle loss.Finally, Meacham noted that Eli Lilly has a portfolio and pipeline of drugs aside from its weight-loss franchise that, while much smaller than the projected growth of Mounjaro and Zepbound, should help add diversification to its business."Given the robust P&amp;L impact of Lilly's GLP-1 portfolio, its neuroscience, oncology, and I&amp;I segments seem less impactful. That said, these other segments and diversification + optionality and for oncology / I&amp;I, we see an impressive +16% 5-year CAGR," Meacham said. I&amp;I refers to Eli Lilly's immunology and inflammation drugs.

Eli Lilly stock will surge 29% over the next year with its weight-loss drug on pace to do $60 billion in sales by 2030, BofA says

<ul class="summary-list"><li>Tesla chair Robyn Denholm said the company needs to be able to produce vehicles on every continent.</li><li>The company aims to deliver 20 million cars a year by 2030.</li></ul>Tesla chair Robyn Denholm said the company needs to be able to produce vehicles on every continent to meet its goal of delivering 20 million cars a year by 2030, according to a <a href="https://www.bloomberg.com/news/articles/2022-09-14/tesla-chair-defends-china-presence-as-key-to-20-million-car-goal">Bloomberg</a> report.While speaking in Canberra, Australia, Denholm was asked whether she had concerns about strategic competition between the world's top two economies."Markets around the world are really important and so having manufacturing capability on each of the continents is important," Denholm said after addressing Australia's National Press Club, per Bloomberg.She also said Tesla is "building factories around the world.""Producing vehicles on continents is important because, again, when you're setting a supply chain for the long term, you want those miles those cars travel before someone actually owns them to be the shortest possible, and that includes shipping and sea freight because all of those processes add to CO2 emissions," Denholm said, per Bloomberg.Tesla is targeting to make <a href="https://www.businessinsider.com/elon-musk-tesla-likely-20-million-electric-vehicles-year-2030-2020-9">20 million electric vehicles</a> a year by 2030, CEO Elon Musk said in 2020. At the time, Musk said this would need "consistently excellent execution."That's a lot more than what Tesla is manufacturing now.Tesla produced <a href="https://www.businessinsider.com/half-of-teslas-2021-deliveries-from-china-shanghai-export-hub-2022-1">936,000 vehicles in 2021,</a> half of which likely came from its factory in China, according to <a href="https://www.reuters.com/technology/tesla-sold-70847-china-made-vehicles-december-cpca-2022-01-11/">Reuters</a> calculations. It aims to deliver <a href="https://www.businessinsider.com/elon-musk-tesla-build-robotaxi-without-wheel-pedals-in-2024-2022-4">1.5 million vehicles in 2022.</a>On August 14, Musk said Tesla has produced over <a href="https://www.businessinsider.com/elon-musk-tesla-produced-more-than-3-million-cars-shanghai-2022-8">3 million</a> cars since the company released its first car in 2008, with one-third of them coming from the company's Gigafactory in Shanghai.Tesla operates factories in California, Texas, Shanghai, and Berlin.The US and China are locked in geopolitical rivalry that has contributed to <a href="https://www.businessinsider.com/tesla-auto-suppliers-supply-chain-tariffs-china-parts-trade-batteries-2021-12">retaliatory tariffs</a> between the two countries across a range of goods.

Tesla chair defends the company's Shanghai factory, saying it needs manufacturing capacity on every continent to produce 20 million cars a year by 2030

<ul class="summary-list"><li>Global fossil fuel demand must fall by 25% by 2030 for the world to meet climate change goals, the IEA said. </li><li>In a Tuesday report, the group said the path to limiting global warming has narrowed.</li></ul>Governments must work to reduce global fossil fuel demand by 25% by the start of the next decade to limit global warming to 1.5 °C, according to the International Energy Agency's updated outlook, Net Zero Roadmap, published Tuesday. Beyond 2030, fossil fuel demand will have to drop by 80% by 20250 in the IEA's view. Demand dropping to that level would mean the world no longer needs most new oil and gas projects, and wouldn't require new coal mining operations. "Keeping alive the goal of limiting global warming to 1.5 °C requires the world to come together quickly," said Fatih Birol, the executive director of the IEA. "[W]e also have a very clear message: Strong international cooperation is crucial to success. Governments need to separate climate from geopolitics, given the scale of the challenge at hand."Improving technology in the clean energy sector offers promise, but climate goals demand more momentum still, the group said. More investment in fossil fuel efficiency and alternative energies can help crimp demand, and the new report forecasts global renewable power capacity to triple within the next six years.Advanced economies will have to reach net-zero sooner to allow for developing countries more time to build out alternative energy sources, the IEA said.For the entire world to reach net zero, it will take an investment of about $45 billion per year, and nearly every country must "move forward their targeted net zero dates." In this outlook, global clean energy spending climbs from $1.8 trillion in 2023 to $4.5 trillion annually by the start of the next decade.Earlier this month, Birol wrote in a column for the <a href="https://www.ft.com/content/f6155d7b-2ef7-4f62-a08a-b640b7e87fca" target="_blank" rel="noopener">Financial Times</a> global demand for the three main energy sources of oil, gas, and coal would peak this decade. The age of "seemingly relentless growth" for fossil fuel demand is <a href="https://markets.businessinsider.com/news/commodities/global-oil-demand-iea-energy-prices-barrels-gas-coal-climate-2023-9">at the beginning of the end</a>, he said."Based only on today's policy settings by governments worldwide — even without any new climate policies — demand for each of the three fossil fuels is set to hit a peak in the coming years," he wrote. "This is the first time that a peak in demand is visible for each fuel this decade — earlier than many people anticipated."The IEA's outlook comes as US and international oil prices continue to march sharply higher in the second half of 2023. On Wednesday, <a href="https://markets.businessinsider.com/news/commodities/oil-prices-wti-energy-record-brent-gas-opec-russia-energy-2023-9">US oil prices hit the highest level in 2023</a>, while international oil prices pushed closer to the important $100 per barrel threshold.

Global fossil fuel demand has to crater 25% by 2030 if the world is going to meet its climate goals, IEA says

<ul class="summary-list"><li>Vision 2030 is Saudi Arabia's grand plan to transform its economy and reduce its reliance on oil.</li><li>The plan is also aimed at improving its citizens' lives and keeping its place on the world stage.</li></ul>It was the discovery of oil under the plains of Dhahran in Saudi Arabia's eastern province in the 1930s that transformed the Middle Eastern peninsula from a modest land of bedouins steeped in religious lore into a kingdom with the power to turn the world with black gold.That power is no longer guaranteed.Almost a century after the country stumbled upon <a target="_blank" href="https://www.businessinsider.com/saudi-putin-team-up-keep-oil-prices-high-annoy-us-2023-6?r=US&amp;IR=T">its oil riches</a>, changing times have pushed the House of Saud dynasty to confront the critical turning point it has reached — one that demands another radical transformation.A global climate crisis shifting the world away from oil, a growing population of young hopefuls desperate for opportunity, and the rising star of a king in waiting who's ready to build a nation in his image. These factors have coalesced to create a singular mission to keep the kingdom thriving.It's called <a target="_blank" href="https://www.vision2030.gov.sa/">Vision 2030</a>. By the end of the decade, Saudi Arabia aims to pull off the ambitious, three-pronged feat of creating an economy no longer dependent on oil, improving the lives of its nearly 40 million people, and keeping its place on the global stage."This isn't just about diversifying the economy — it's transforming society with the aim of creating an agile economy that can respond to the challenges of the modern world," professor Simon Mabon, a senior research fellow at the Foreign Policy Center in London, said.But time is ticking: Seven years after announcing Vision 2030, <a target="_blank" href="https://www.businessinsider.com/neom-what-we-know-saudi-arabia-500bn-mega-city-2019-9?r=US&amp;IR=T">Saudi Arabia</a> has reached the midway point of its timeline, with just seven years left to the finish line. It means the kingdom is about to get more serious than ever — or risk being left in the dust.<h2>Inside the Vision 2030 master plan</h2><div type="image" title="MBS, NEOM" height="2237" width="3612" msid="103104386" hostid="261" sizebytes="133488"></div>As the brainchild of the <a target="_blank" href="https://www.businessinsider.com/mohammed-bin-salman-saudi-prince-net-worth-yacht-private-jet-lifestyle-2019-5?r=US&amp;IR=T">37-year-old Saudi Crown Prince Mohammed bin Salman</a>, the country's master plan — shaped with the help of McKinsey — has several moving parts, with the standouts being its "gigaprojects."In particular, its <a target="_blank" href="https://www.businessinsider.com/neom-saudi-prince-mbs-new-images-megacity-dystopia-2023-5?r=US&amp;IR=T">crown-jewel project, Neom,</a> represents the synthesis of Vision 2030's moving parts. In the country's northwestern corner, Neom's centerpiece is set to be a $1 trillion megacity known as The Line.Early renderings show a vast, mirrorlike structure in the desert set to be about 650 feet wide – and 100 miles long. Saudi Arabia says the cutting-edge car-free city will run on 100% renewable energy and put services within a five-minute walk of 9 million people.In other words, <a target="_blank" href="https://www.businessinsider.com/saudi-arabia-city-neom-loan-desert-2023-7?r=US&amp;IR=T">The Line</a> symbolizes everything Saudi Arabia is setting out to achieve through Vision 2030: commit itself to a post-oil future, build livable spaces with economic opportunity, and set the standard of a futuristic city for others around the world to emulate.There are more than 20 other Vision 2030 projects, such as the Red Sea holiday destination and Qiddiya, an arts and entertainment capital — conceived as ways of building a Saudi Arabia that has jobs for all its citizens.Gerald Feierstein, the US ambassador to Yemen under <a target="_blank" href="https://www.businessinsider.com/president-barack-obama-advice-for-success-at-work-career-2023-6?r=US&amp;IR=T">President Barack Obama</a> and a senior fellow at the Middle East Institute, told Insider that involving the private sector both locally and internationally had become crucial in Saudi Arabia's bid to create jobs."The old system of providing primarily public-sector employment for any Saudi coming into the workforce was no longer going to be achievable because the size of the population had grown beyond the capacity of the public sector," Feierstein said.That said, much of this is being financed by the Public Investment Fund, Saudi Arabia's powerful sovereign wealth fund, which manages assets worth about $700 billion.In recent years, the fund has been on a global spending spree, placing bets on technology through its $45 billion backing of <a target="_blank" href="https://www.businessinsider.com/softbank-ceo-likened-to-jesus-suffers-32-billion-fund-loss-2023-5?r=US&amp;IR=T">SoftBank's Vision Fund</a>, the Newcastle United soccer club, private equity, the Tesla rival Lucid, and golf.<div type="image" title="kieran tripper newcastle united" height="682" width="1024" msid="103104387" hostid="261" sizebytes="50988"></div>By becoming a marquee investor in several high-profile names internationally, the fund — led by Crown Prince Mohammed and its governor, Yasir Othman al-Rumayyan — hopes to generate returns on bets powering the West, while incentivizing leaders to invest and open shop in the kingdom.Saudi Arabia is buoyed by its status as the world's largest oil exporter — a position reinforced as Russia's war with Ukraine disrupts Russian crude exports. Last year, the state-owned oil company <a target="_blank" href="https://www.aramco.com/en/news-media/news/2023/aramco-announces-full-year-2022-results">Saudi Aramco posted an astonishing net profit of $161 billion</a>.But Saudi royals are acutely aware that the country's nonoil revenues will become increasingly important in the years to come as the climate crisis pushes nations toward clean energy.It explains why it's investing so heavily locally and internationally, and why it has set a target for increasing the <a target="_blank" href="https://www.vision2030.gov.sa/v2030/empowering-the-private-sector/">contribution of nonoil exports to its nonoil GDP from 16% to 50%</a> as part of Vision 2030's goals.<h2>Success is far from certain</h2>There are conflicting signals about whether Saudi Arabia's efforts will pay off.Last year, it became the fastest-growing G20 economy, <a target="_blank" href="https://www.imf.org/en/News/Articles/2023/06/06/saudi-arabia-staff-concluding-statement-of-the-2023-article-iv-mission">according to the International Monetary Fund</a>, while its unemployment rate fell to 4.8%. It has already exceeded the 30% target of female participation in the workforce set by Vision 2030.Mabon of the Foreign Policy Center said that most of the population favored the crown prince. The people support the leader because of the promises set out in his grand plan."You just have to talk to young Saudis to get a sense of how popular he is," Mabon said.However, success is far from guaranteed. Feierstein said "we need to be clear that it's young urban Saudis in places like Riyadh and Jeddah and Dhahran" who are galvanized by Vision 2030. He added: "When you talk about the hinterland, they're not necessarily as enthusiastic."Mabon agreed, adding that another point of tension revolved around Crown Prince Mohammed's ability to maintain the nation's "legitimacy within Islam whilst embarking upon a project that is leaning to the trappings of Western modernity." Saudi Arabia has traditionally been deeply conservative.For <a target="_blank" href="https://www.chathamhouse.org/about-us/our-people/farea-al-muslimi">Farea Al-Muslimi, a Chatham House research fellow</a>, there's even more at stake socially. Despite reports of nomadic tribes being displaced to make way for Neom, he said, Saudis continue to have goodwill toward the monarchy because of its long-term promises.Failure to deliver on those promises given the sacrifices being made could spell trouble."It's something people are willing to forgive and forget — if it pays off," Al-Muslimi said. "If it doesn't, they're not going to be easy. It can backfire."On a broader level, experts told Insider, the gathering pace of the <a target="_blank" href="https://www.businessinsider.com/saudi-arabia-vision-2030-neom-cristiano-ronaldo-mohamed-bin-salman-2023-8?r=US&amp;IR=T">Vision 2030</a> mission threatens to create deeper tensions between Saudi Arabia and the United Arab Emirates as they vie for the region's economic crown, while its financial payoff could take many years."All of these megaprojects, there's not a single guarantee that they will work," Al-Muslimi said. "It's a huge risk."In July, the Public Investment Fund reported an $11 billion loss for last year as global markets were roiled, <a target="_blank" href="https://www.bloomberg.com/news/articles/2023-07-11/saudi-wealth-fund-reports-11-billion-investment-loss-for-2022">Bloomberg reported</a>.<div type="image" title="The Line, NEOM" height="1280" width="1920" msid="103104389" hostid="261" sizebytes="173552"></div>A key factor that could determine this project's success involves Saudi Arabia's changing appeal to the West. Concerns have been raised by the likes of Amnesty International on <a target="_blank" href="https://www.businessinsider.com/saudi-arabia-public-investment-fund-pif-sports-influence-pga-liv-2023-6?r=US&amp;IR=T">its human-rights record</a>; it will need to be conscious of this when courting Western business and investment.That said, the sheer scale and glamour of Vision 2030 could prove to be plenty in Saudi Arabia's pitch to observers abroad and give it a winning ticket to the future.Saudis will rest their hopes on Crown Prince Mohammed to deliver. Fortunately for them, Mabon said, "there's a lot of confidence it can be done."

You Searched For "2030 capacity target" and got 5 results

BPCL planning Rs 1.7 lakh crore spend to expand core business, new energy foray over next five years

PTI

Eli Lilly stock will surge 29% over the next year with its weight-loss drug on pace to do $60 billion in sales by 2030, BofA says

Matthew Fox

Tesla chair defends the company's Shanghai factory, saying it needs manufacturing capacity on every continent to produce 20 million cars a year by 2030

Huileng Tan

Global fossil fuel demand has to crater 25% by 2030 if the world is going to meet its climate goals, IEA says

Phil Rosen

Vision 2030 is Saudi Arabia's grand plan to future-proof its oil-based economy. Experts say it's a huge risk.

Hasan Chowdhury

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