The price of the power plant fuel in Europe has roughly tripled in the past 12 months as a supply crisis in the gas market has driven utilities toward the even dirtier fossil fuel. 

With the aim of rebalancing its portfolio towards metals needed for the energy transition, Teck Resources will look to finish constructing its biggest ever project by the end of 2022 and double its copper production.

The guarantee is part of a larger $8.5 billion funding package proposed by the UK, US, Germany, France and the European Union.

The US government said that two former top Glencore executives were personally involved in corruption.

A fresh Australian government, along with an expanded slate of climate-focused independent and Greens legislators, should add further support to the nation’s energy transition.

Transition to a lower carbon economy "cannot be stopped," and will require a projected $50 trillion in the next three decades, Benedikt Sobotka says.