In brief | 7 August '24

Reuters: German drugstore chain shuns Teslas over Musk's support for Trump

Rossmann drugstore chain, which is among the largest in Europe, said its decision was with immediate effect and due to what it called an "incompatibility" between statements by Musk and the values that Tesla represents.

Bloomberg: Siemens Energy Raises Targets Again on Electricity Demand

Company boosts cash flow target on grid, gas unit revenue
Wind turbine unit restructuring ongoing, orders fall

Hydrogen Fuel News: Shell to Invest $15B in Hydrogen and Green Energy by 2025

investment highlights Shell’s strategy to transition to a sustainable energy future, with $5.6 billion allocated in 2023 alone, accounting for 23% of its total capital spending.

Bloomberg: US court strikes down LNG export permits in an unprecedented move

Ruling could also layer additional uncertainty for global buyers considering US LNG supplies into Asia and Europe at a time when companies are grappling with decarbonization.

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In brief | 7 August '24

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