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Executives representing energy majors in the U.S., Europe and Asia speak during a CNBC-moderated panel session at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates.

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Chief executives of some of the world’s largest energy companies on Monday sought to defend themselves from criticism, saying it is not possible to keep everyone happy amid the planned energy transition.

Speaking at the ADIPEC oil and gas conference, which opened in Abu Dhabi on Monday, executives representing energy majors in the U.S., Europe and Asia sought to strike a positive tone on the current state of play for the fossil fuel industry.

It comes shortly after climate protesters took to the streets in hundreds of cities across the globe to demand that world leaders phase out the burning of fossil fuels, the chief driver of the climate crisis.

Big Oil has been accused of dialing back its climate pledges in recent months following record annual profits that were described by human rights group Amnesty International as “patently unjustifiable” and “an unmitigated disaster.”

“We’ve got to step up and prepare for the decarbonized systems of the future,” Tengku Muhammad Taufik, president and group CEO of Malaysia’s state energy firm, Petronas, said during a CNBC-moderated panel Monday.

“So, the debate has always been posed here, I’m reminded of an old saying: ‘If you want to keep everyone happy, sell ice cream.’ We are not in the business of ice cream — and I’m reminded, there are people who are lactose intolerant,” Taufik said.

“The indication here is we have to make some tough decisions and we have to be bounded by facts, rationality, practical steps but we will get there,” he added.

The biggest challenge that is harder to address than even the innovation around technology is just getting people to trust our industry again.

Vicki Hollub

CEO of Occidental Petroleum

As had been widely expected, a major U.N. report published last month confirmed that the world is currently not on track to meet the long-term goals of the 2015 Paris Agreement, a landmark accord that aims to pursue efforts to limit global warming to 1.5 degrees Celsius above preindustrial levels.

The world has warmed by around 1.1 degrees Celsius after over a century of burning fossil fuels as well as unequal and unsustainable energy and land use. Indeed, it is this temperature increase that is fueling a series of extreme weather events around the world.

Vicki Hollub, CEO of U.S. oil and gas producer Occidental Petroleum, said these were “really exciting times” for the oil and gas industry and suggested a major challenge for fossil fuel companies was working to regain the trust of society.

“I don’t see where we are today as something that is going to end our industry although there are some out there that want it to go away. As we have done in the past, we will find ways to innovate out of this situation that we’re in,” Hollub said during the same panel discussion.

“In mitigating climate change, there is also the opportunity to continue to produce oil for our energy security. So, we’re trying to work that strategy and I think it is going to work well. The biggest challenge that is harder to address than even the innovation around technology is just getting people to trust our industry again and to understand what the data really says,” she added.

‘It’s the worst of times and it’s the best of times’

Patrick Pouyanne, CEO of French oil giant TotalEnergies, said the oil and gas industry possesses all the tools necessary to be a “major participant” in the energy transition.

“After three or four years, I understood that maybe I was naïve, we will not please the activists. We will never make enough to please the ones which are against oil and gas, but my mission is not to please them,” Pouyanne said.

“Our mission is to deliver to the society the energy we need today and tomorrow and for that I feel comfortable,” he added.

Wael Sawan, chief executive officer of Shell Plc, speaks during a panel session at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates.

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Speaking in January, U.N. Secretary-General Antonio Guterres condemned fossil fuel giants for ignoring their own climate science, accusing the oil and gas industry of seeking to expand production despite knowing “full well” that their business model is incompatible with human survival.

Scientists have repeatedly warned that time is rapidly running out to stave off the worst of what the climate crisis has in store.

Reflecting on his position as CEO of British oil giant Shell since the start of the year, Wael Sawan said: “It’s been great, and I think it’s been a roller coaster. It’s the worst of times and it’s the best of times.”

“The worst of times I think with the recognition it seems to be a time where we continue to polarize the debate more and more rather than actually converge given that we are trying to solve arguably the world’s biggest problem right now,” Sawan said.

“But it is also the best of times because I do think despite all the negative rhetoric, if you look at what the world has done over the last two to three years and the significant uptick in both low carbon and the conventional energy, it’s been good. We are nowhere close to where we need to be but at the same time, we should not lose hope.”

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Meet the Mercedes-Benz ELF: A mobile EV charging rig built for megawatt power

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Meet the Mercedes-Benz ELF: A mobile EV charging rig built for megawatt power

Mercedes-Benz introduced an all-in-one mobile EV charging machine, “ELF,” that promises to unlock charging speeds as quick as filling up at the pump.

Mercedes-Benz unveils the ELF mobile EV charging van

It may look like an electric van, but Mercedes-Benz claims ELF is much more than just any ordinary vehicle. It’s “a symbol of a bold new era in charging,” the luxury brand said on Thursday.

The nickname comes from the German term Experimental-Lade-Fahrzeug (ELF), which translates to Experimental Charging Vehicle.

The Mercedes-Benz ELF is an all-in-one mobile EV powerhouse that combines ultra-fast, bidirectional, inductive, and conductive charging. It’s based on the Mercedes V-Class people carrier and is equipped with five unique charging ports.

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It will act as a rolling test lab, promising to unlock faster, more convenient, and sustainable electric vehicle charging.

The ELF features two fast charging systems: A standard Combined Charging System (CCS) and a heavy-duty Megawatt Charging System (MCS).

Mercedes-Benz-ELF-EV-Charging
The Mercedes-Benz ELF is equipped with two fast charging systems: MCS and CCS (Source: Mercedes-Benz)

Mercedes is “testing the limits of CCS,” claiming the ELF can achieve a charging capacity of up to 900 kW, or enough to add 100 kWh in about 10 minutes. The MCS system, on the other hand, was initially developed for heavy-duty electric trucks, which Mercedes says unlocks charging capacities in the megawatt range.

The company is already using the all-in-one mobile EV charging rig to improve charging on its upcoming vehicles.

Mercedes-Benz-ELF-EV-Charging
The Mercedes-Benz Elf features five different charging ports (Source: Mercedes-Benz)

For example, the Concept AMG GT XX hit a peak charging power of 1,041 kW during megawatt charging after its record-breaking run in Nardò in August.

Mercedes collaborated with Alpitronic to develop a high-performance EV charging station capable of delivering up to 1,000 amps through a modified CCS commercial truck charger. The company is now using what it has learned to develop a new generation of ultra-fast chargers for use at Mercedes-Benz parks.

Mercedes-Benz-ELF-EV-Charging
The Mercedes-Benz ELF (Source: Mercedes-Benz)

According to Mercedes, the new chargers will deliver speeds “that differ only minimally from the conventional refuelling process.”

The ELF is not only capable of absorbing electricity, but Mercedes-Benz is using it to its full potential with bidirectional charging capabilities.

Mercedes-Benz-ELF-EV-Charging
The Mercedes-Benz ELF features Bidirectional charging (Source: Mercedes-Benz)

Capable of both AC and DC bidirectional charging, the ELF can feed energy into your home (Vehicle-to-Home/ V2H), the grid (Vehicle-to-Grid/ V2G), or electric devices (Vehicle-to-Load/ V2L).

Mercedes said a typical vehicle battery with a capacity of 70-100 kWh can power an average single-family home for two to four days.

The new electric CLA and GLC with EQ Technology are the first Mercedes vehicles that offer bidirectional charging capabilities. In 2026, the automaker will launch its first services for bidirectional charging in Germany, France, and the UK. Other markets are set to follow shortly after.

In combination with intelligent energy management, Mercedes said electricity costs can be significantly reduced. Depending on energy use, homeowners can save about 500 euros ($580) per year.

Mercedes-Benz is also using the ELF to test other charging methods, including cable-free induction and automated conductive charging.

The learnings from the ELF will be key to unlocking faster, more convenient, and sustainable charging for upcoming Mercedes-Benz EV models.

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Rare earths stocks surge after China tightens grip on global supplies

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Rare earths stocks surge after China tightens grip on global supplies

USA Rare Earth CEO: We are in close communication with White House

Shares of U.S. rare earth and critical mineral miners surged Thursday after China tightened restrictions on exports, fuelling market speculation that the Trump administration will move more aggressively to invest in building out a domestic supply chain.

Ramaco Resources soared 12%, Energy Fuels surged nearly 8%, USA Rare Earth jumped more than 7%, and MP Materials rallied more than 6%. Lithium Americas popped more than 4% and Trilogy Metals rose more than 6%.

Beijing is now requiring foreign entities to obtain a license to export products that contain more than 0.1% of domestically sourced rare earths, according to China’s Ministry of Commerce. Companies will also need export licenses if they use China’s extraction, refining or magnet recycling technology.

“The White House and relevant agencies are closely assessing any impact from the new rules, which were announced without any notice and imposed in an apparent effort to exert control over the entire world’s technology supply chains,” a White House official told CNBC.

China imposed the restrictions ahead of an expected meeting between President Xi Jinping and President Donald Trump on the sidelines of the Asia-Pacific Economic Cooperation summit in Seoul, South Korea later this month. Rare earths have been a major point of contention in trade talks between Beijing and Washington.

‘Game of chicken’

The White House and the U.S. critical mineral industry have accused China of manipulating the market to drive foreign competition out of business. Rare earths are a subset of critical minerals that are crucial inputs for U.S. weapons platforms, robotics, electric vehicles and electronics among other applications.

The Trump administration has taken equity stakes in MP Materials, Lithium Americas and Trilogy Metals this year as it seeks to stand up a domestic supply chain against China.

Trump administration has shown 'incredible courage' in their approach to critical minerals: NioCorp

USA Rare Earth and Energy Fuels have not struck deals with the White House, but their CEOs told CNBC that they are in close contact with the Trump administration.

“It’s going to take a lot of players to build out this marketplace,” USA Rare Earth CEO Barbara Humpton told CNBC on Oct. 2.

China’s export restrictions “help to ensure a strong position for Xi to sit down with Trump” on the sidlines of the summit in South Korea, Evercore ISI analyst Neo Wang told clients in a Thursday note.

“Although both Beijing and Washington learnt the lesson the hard way in their last exchange of export controls back in [April] and May, China’s stronger pain endurance rooted in its political system adds to the credibility of its threats in a game of chicken,” Wang wrote.

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Cool new device does for electrified walking what e-bikes did for cycling

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Cool new device does for electrified walking what e-bikes did for cycling

Move over, e-bikes – there’s a new way to get a power boost for cruising around town, and this one straps right to your legs. The Hypershell X Ultra is a high-tech wearable exoskeleton that delivers up to 1,000 watts of electric assist to your stride, giving “powered walking” the same kind of jolt that e-bikes gave to cycling.

The company behind it, Shanghai-based Hypershell, says the X Ultra is its most advanced performance exoskeleton yet, designed for hikers, runners, climbers, and even skiers who want to go farther and faster without wearing out their legs.

The new model uses a 1,000W “M-One Ultra” motor, around 25% more powerful than before, along with upgraded thermal management and improved energy efficiency. To put that in perspective, the US limits street-legal e-bikes to 750 watts of power, while the EU caps them at just 250 watts. That means this wearable device technically delivers more power to your legs than most legal e-bikes deliver to their wheels.

According to Hypershell, the X Ultra can reduce muscle load on the hips by up to 63%, lower heart rate by as much as 42% while cycling, and even cut oxygen consumption by nearly 40%. The system intelligently adapts to your movement using AI-powered gait mapping and offers 12 activity modes, including new ones for running, snow, and sand, that automatically adjust power delivery depending on terrain and intensity.

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Despite all the electronics, it’s surprisingly lightweight. The X Ultra uses titanium alloy and carbon fiber construction to keep the system at just 1.8 kg (4 lb), plus a 410 g (0.9 lb) battery pack. That 72Wh battery claims to deliver up to 65 km (40 miles) of assist when cycling or 30 km (18 miles) when walking, and the system can even regenerate energy on downhills for up to 10% extra range.

With a top speed of 25 km/h (15.5 mph), the $1,999 X Ultra is pricey, but could early adopters help it still kick off a new category of electric mobility where people are the vehicle? Let’s hear your thoughts in the comments section below.

via: Newatlas

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