Top Stories Of The Week: Feb 15-19

A roundup of this week's top stories

by Steven Gislam, Ash Jones

19 February 2021

16:30

1

Russian gold giant Polyus pivots to hydropower

Russia's largest gold mining company Polyus has announced it will power its two biggest mines with hydropower in a major step towards emissions reduction by private businesses in the country's vast industrial sector...
2

Chocolate companies face US lawsuit over child slavery in Africa

A lawsuit has been filed in the US against the world's largest chocolate companies on the behalf of eight young Malian men claiming to have been trafficked as children and forced to work on cocoa plantations in Côte d'Ivoire...
3

Cumbria's Moorside narrowed down for UK's first nuclear fusion site

Moorside, in Cumbria, England has been chosen as the county's major contender for the building of the UK's first nuclear fusion power plant as well as its surrounding facilities...
4

Defence budgets rising despite pandemic costs, says Saab CEO

Defence budgets and military spending is rising with governments concerned about ongoing geopolitical tensions, the increased threat of cyberattacks, or another pandemic, according to the CEO of Swedish defence company Saab...
5

Archer Aviation to go public with Moelis-backed United Airlines merger for air taxis

Air taxi pioneer Archer Aviation has been acquired via a blank-cheque partnership with United Airlines and backed by investment banker Ken Moelis, marking the first time a project to commercialise air taxis has received public listing...
6

Denmark's Vestas to build massive 260m tall wind turbines

Danish wind turbine manufacturer Vestas is to build the world's largest offshore turbines as the group looks to reduce costs and remain competitive in an increasingly packed marketplace...
7

86% of heavy industry not prepared for energy transition, TPI warns

As the world enters the energy transition - the period where industry will shift away from traditional energy sources such as fossil fuels - only 14% of large publicly-listed companies are aligned with an emissions reductions pathway that would...