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Also in today’s newsletter, the UN warns on the ‘climate time-bomb’
Your latest energy news: earnings show the industry is still reeling, Biden’s plan for Iranian sanctions, the Gulf of Mexico braces for tumultuous hurricane season
Prices fall around the world and planned capacity exceeds what will be needed
China Yangtze’s $3.6bn purchase of Luz del Sur is biggest by a state-owned group since 2015
Latest contract comes as country tries to reduce reliance on Russian supplies
US group aiming to build new west-coast plant steals march on rivals
Activist works with Bluescape for review of group that has ‘continually underperformed’
Elliott-backed $18.8bn purchase of Texas utility beats Berkshire offer
Top buyers in Asia still locked into contracts will see lower prices
There is no guarantee about how prices will evolve
Law would “not substantially” affect business
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