The leader of the Organization of Petroleum Exporting Countries will continue its production cutback of 1 million barrels a day until December 2023.

About $2 billion in grants for advanced vehicles will come from the Inflation Reduction Act while another $10 billion will be provided by the Energy Department’s Loans Program Office.

The government should develop new water interconnections and transfers between basins and invest in expanding and modernizing water storage as well as irrigation infrastructure, Fiab said in the statement.

The two companies will spend a total of $7.59 billion on the plant and create 8,500 new jobs in Bryan County, Georgia.

RWE Offshore U.S. Gulf LLC won a 102,480-acre (41,472-hectare) tract near Lake Charles, Louisiana for $5.6 million after just two rounds of bidding.

Modi added that India could build an efficient and reliable supply chain in comparison to pre-COVID-19 supplies that “broke down” when the world needed them most.

U.S. Trade Representative Katherine Tai said that the U.S. is not where it wants to be in terms of supply chains and its reliance on China. 

The IMF found ending fossil fuel subsidies could cut global emissions outputs by 34% by 2030 when compared to levels seen in 2019.

Iran, Iraq, Libya, Nigeria and Venezuela will add roughly 900,000 barrels a day of production this year and at least the same in 2024, the bank estimates.

Nornickel, the world’s biggest refined nickel producer and palladium miner, was incorporated under the name Greenwich Holdings Limited in Dubai.