High Emitting sectors

               
SOCAR and bp showcase methane emission reduction efforts…
Representatives from local oil and gas operators embarked on field visits to the Neftianye Kamni Oil Field and the Sangachal Terminal, organized by the State…
               
Boeing partners with Wagner to boost SAF availability…
Boeing has announced a strategic collaboration with Wagner Sustainable Fuels aimed at enhancing the availability of sustainable aviation fuel (SAF) in Australia. The partnership will…
               
Demark launches biggest offshore wind tender
Denmark on Monday initiated its biggest offshore wind tender to date, signaling a pivotal move towards bolstering its renewable energy capacity. The tender launched by…
               
BHP to receive first ammonia-fuelled carrier by 2026…
The global mining giant, BHP Group plans to receive its first ammonia-fuelled bulk carrier in 2026 to cut shipping emissions, Reuters reported on Monday citing…
               
Carbon capture faces doubts in steel industry’s green…
A recent report from the Institute for Energy Economics and Financial Analysis (IEEFA) has cast doubt on the potential of carbon capture, utilisation, and storage…
               
Germany’s coal mines emit more methane than reported,…
According to a recent analysis by Ember, German coal mines emit significantly more methane than officially reported to the United Nations. 
               
Sustainability Economics works with Asia Carbon Institute, of…
Singapore –17 April 2024 –Sustainability Economics, a leading provider of global net-zero solutions, has announced to choose Asia Carbon Institute (ACI) as the standard for…
               
Industrial gas manufacturer receives funding to build hydrogen…
On Monday, Air Products and Chemicals, an industrial gas manufacturer based in Pennsylvania, announced that it had secured funding to construct two hydrogen refueling stations…
               
Air New Zealand purchases green fuel from Finland’s…
Air New Zealand has sealed its most significant deal for sustainable aviation fuel (SAF) with Finland-based petroleum refiner Neste to decarbonise and meet its net-zero…
               
US EPA denies petition to exempt turbine from…
The U.S. Environmental Protection Agency on Monday denied a petition by energy industry groups seeking to remove stationary combustion turbines from the list of sources…
               
Oklahoma sues two energy companies, accusing them of…
According to a press release from the Oklahoma Attorney General's office on Wednesday, the state has filed a lawsuit against two energy companies, alleging manipulation…
               
EU lawmakers pass law to limit methane emissions…
On Wednesday, European Union lawmakers approved a groundbreaking law aimed at curbing methane emissions from Europe’s oil and gas imports starting in 2030. This move…
               
Global coal power surges 2%, China a leading…
The world’s coal-fired power capacity saw a record 2% increase last year, primarily fueled by new constructions in China and delays in decommissioning elsewhere, according…
               
Chile unveils plan to set up its first…
Chile aims to begin production of sustainable aviation fuel (SAF) in a large plant by 2030, with the goal of using SAF for half of…
               
EPA decision on California EV rules upheld by…
On Tuesday, a US appeals court upheld the Environmental Protection Agency's ruling, allowing California to establish its regulations for tailpipe emissions and electric vehicle standards. 
               
Delays in South Africa’s coal plant closures could…
A delay in the planned closures of coal-fired power plants in South Africa could have dire consequences, including thousands of deaths from air pollution and…
               
Biden Administration’s initial SAF subsidy model to set…
The Biden administration will release a preliminary climate model for its sustainable aviation fuel (SAF) subsidy program in forthcoming weeks that is more stringent than…
               
Power supplier TVA to shut down 9 coal-fire…
In a press release on Tuesday, power supplier Tennessee Valley Authority (TVA) announced its decision to retire the Kingston Fossil Plant and construct an energy…
               
EVs to overtake petrol cars in Norway by…
According to calculations by Reuters and analysts, Norway is on course to have more battery electric vehicles (BEVs) on its roads than petrol cars by…
               
Swedish steelmaker to invest $4.8 bln mln in…
Sweden’s SSAB announced on Tuesday that it plans to invest 4.5 billion euros ($4.83 billion) in constructing a fossil-free mini-mill in Lulea. 
               
China’s power firm revamps natural gas business post…
GCL Holdings, a privately owned Chinese energy company, is shifting its focus to developing a natural gas business. According to company executives interviewed by Reuters,…
               
India’s hydropower plummets to 38-year low amid erratic…
According to a Reuters analysis of government data, India experienced its most significant decline in hydropower output in at least 38 years, with a 16.3%…
               
US finalizes tighter tailpipe emissions standards for heavy-duty…
On Friday, the US government announced it was in the final stages of implementing more stringent tailpipe emissions standards for heavy-duty vehicles such as semi-trucks…
               
BlackRock CEO reaffirms investment in oil and gas…
BlackRock CEO Larry Fink reiterated the firm's commitment to investing in oil and gas companies, emphasizing that they have never supported divesting from traditional energy…
               
Shipping industry faces regulatory hurdles in the race…
Global shipping companies are feeling mounting pressure to reduce their carbon emissions. However, executives point to the complexity arising from vague regulatory frameworks, especially regarding…
               
Real estate investors grapple with CO2 shock, turn…
Real estate investors, already struggling with high interest rates, are now confronting the potential for substantial losses prompted by recent European regulations.
               
Activists urge major banks to halt financing for…
Over 80 organizations, including Make My Money Matter, Greenpeace UK, and Global Witness, have collectively penned letters to the chief executives of 12 major banks,…
               
Biden administration reassures oil and gas executives amid…
The Biden administration aims to ease concerns among oil and gas executives regarding a pause on liquefied natural gas (LNG) exports from new projects, assuring…
               
Fossil fuel firms could face homicide charges for…
A groundbreaking legal theory is gaining traction among researchers, suggesting that fossil fuel companies, identified as the primary contributors to planet-warming emissions, could be held…
               
HSBC, NatWest face allegations of funding North Sea…
Two prominent UK high street banks stand accused of continuing to finance the expansion of fossil fuels in the North Sea despite having pledged to…
               
Multilateral lender approves $85 million investment for North…
The Climate Investment Funds (CIF), a multilateral lender, announced on Wednesday its approval of an $85 million investment aimed at assisting North Macedonia in transitioning…
               
Chevron resolves Kern County oil spills with $13…
According to the California natural resources agency on Wednesday, Chevron has agreed to settle with two California state agencies for previous oil spills in Kern…
               
Stellantis and California reach an agreement on vehicle…
On Tuesday, Stellantis, Chrysler's parent company, and the state of California finalized an emissions agreement. This accord comes after Stellantis attempted to join an agreement…
               
Air New Zealand explores partnership for green fuel…
On Wednesday, Air New Zealand invited startups operating in the sustainable aviation fuel (SAF) sector to seek potential supply partners as part of its commitment…
               
US-China take proactive steps in methane emission reduction,…
According to the deputy US special envoy on climate change, cooperation between the United States and China regarding methane reduction is progressing. He highlighted an…
               
Major developments in SAFs marked by IATA
The International Air Transport Association (IATA) has reported significant advancements in the realm of sustainable aviation fuels (SAF), particularly focusing on electrofuels, in its latest…
               
UAE strikes 15-year LNG deal with Germany
In a significant move consolidating Europe's dependence on fossil fuels, the United Arab Emirates (UAE) has inked a deal to supply liquefied natural gas (LNG)…
               
Global oil and gas industry poised for $125…
The international oil and gas sector, alongside the Middle East's national oil companies, is gearing up to greenlight an impressive array of projects this year,…
               
Building Information Modelling tech to develop sustainable projects…
Building Information Modelling (BIM) is emerging as a highly influential initiative for creating sustainable real estate projects. BIM involves designing projects based on models incorporating…
               
Exxon CEO takes aggressive climate stance amid industry…
Darren Woods, the CEO of Exxon Mobil Corp., is fighting back after facing criticism from both environmentalists and investors during his seven years in charge. 
               
Top oil executives & ministers arrive at the…
This week, oil industry leaders and government officials gather in Houston for a significant energy conference, encouraged by major mergers, stable oil prices, and less…
               
Study finds US oil and gas industry methane…
A comprehensive study published in the journal Nature reveals that methane emissions from US oil and natural gas operations are three times higher than previously…
               
Shell revises 2030 carbon emissions reduction target 
Shell announced on Thursday that it had revised its target to reduce the intensity of its overall carbon emissions by 2030, attributing this adjustment to…
               
Germany’s emissions goal demands sixfold surge in EV…
According to a study, Germany must experience a significant turnaround in the momentum of electric vehicle (EV) sales if it hopes to meet its emissions…
               
EU Parliament passes law to make buildings energy-efficient 
On Tuesday, the European Parliament passed new legislation mandating member states to accelerate building renovations to enhance energy efficiency and lower the EU's carbon emissions. 
               
Canada & US to review cross-border dispute over…
As announced on Monday, Canada and the United States have jointly agreed to assess a longstanding cross-border conflict concerning the contamination of coal mines in…
               
Volkswagen quits Australian auto lobby over fuel standards…
Amidst a growing rift over new fuel standards, Volkswagen announced its withdrawal from the policymaking committee of Australia's auto lobby. The decision follows Tesla's recent…
               
EVs cannot fix ‘car harm’, study says 
While electric vehicles (EVs) promise cleaner air and reduced climate pollution, a recent analysis suggests that even a complete global transition to EVs would not…
               
Blended-wing aircraft pushes aviation towards net zero goals
In the history of aviation design, the landscape remained unchanged for a century, characterized by conventional tube-and-wing aircraft. Yet, amidst this conformity, 'flying wings' like…
               
Texas pushes back against EPA’s new methane rule
In a move against federal regulations, Texas, the largest energy-producing state in the nation, lodged a complaint urging a court to halt a recent rule…
               
Tesla cuts ties with Australian auto lobby over…
On Thursday, Tesla announced its decision to withdraw from Australia's major auto lobby and resign from its board, alleging that the organization had misled consumers…
               
Apple pulls the plug on its EV building…
According to reports, Apple has canceled its electric vehicle (EV) project, a decade after rumors first emerged about the iPhone maker's involvement in it. 
               
Singapore’s biggest bank grows sustainable financing to $52…
Singapore's largest bank, DBS Group, announced on Wednesday that it had increased its sustainable financing commitments by 37.3% to 70 billion Singapore dollars ($52.10 billion)…
               
Indian companies eye major investments in coal-fired power
Private Indian companies have shown interest in constructing at least 10 gigawatts (GW) of coal-fired power capacity over the next ten years, according to four…
               
MAN Energy Solutions to deliver first-ever ammonia-fuelled ship…
MAN Energy Solutions intends to supply its inaugural ammonia-fueled engine for installation on a new vessel in Japan later this year, with plans to offer…
               
Cadillac Fairview commits $9.5 million for decarbonization of…
Cadillac Fairview, managing the Pacific Centre and Waterfront Properties in Vancouver, is undertaking a $9.5 million decarbonization initiative. This project, backed by co-owners Ontario Teachers'…
               
Climate concerns rise as US prioritizes highway expansion…
Since the passage of the $1.2 trillion bipartisan infrastructure law in 2021, lauded by President Biden as a transformative effort to revamp America's crumbling infrastructure,…
               
Biden EPA trims power-plant rule, eyes future gas…
The Biden administration is refining its plan to reduce greenhouse gases from electricity and will set stricter pollution limits for natural gas plants. 
               
EPA targets oil and gas industry with new…
The Environmental Protection Agency (EPA) is set to introduce a new rule aimed at curbing methane emissions from the oil and gas industry. The rule,…
               
UK’s helium-filled aircraft begins safety approval process 
Britain's Hybrid Air Vehicles (HAV), a company working to enable travel on a large helium-filled aircraft by the end of the decade, announced Thursday that…
               
DOE and EPA to offer $1 billion in…
In a joint effort, the US Department of Energy (DOE) and the US Environmental Protection Agency (EPA) have announced plans to issue a Funding Opportunity…
               
Hong Kong government plans to develop Green Shipping…
The government of the Special Administrative Region (SAR) of Hong Kong is set to inject tens of millions of Hong Kong dollars into initiatives to…
               
EU eases gas consumption rules as energy crisis…
The European Commission urges EU nations to continue reducing gas usage but has made the policy voluntary, showing optimism that the worst of Europe's energy…
               
Glencore to buy Shell’s Singapore assets as earlier…
Glencore, a Swiss miner and commodities trader, is considering purchasing Shell's oil refinery and petrochemical units in Singapore. 
               
Stellantis will stick to EU’s 2035 ban on…
In an interview with German media outlet Welt, Stellantis CEO Carlos Tavares stated that the company aims to support the European Union's plan to stop…
               
Vietnam’s VinFast starts EV facility in India’s Tamil…
VinFast Auto Ltd., a Vietnamese car manufacturer, began building its electric vehicle (EV) factory in Tamil Nadu, southern India. The facility will cover 400 acres…
               
Braya completes conversion of refinery, starts renewable diesel…
On Thursday, Braya Renewable Fuels started producing renewable diesel at Canada's Come-by-Chance refinery post its transition.
               
Carbon footprint concerns shake real estate market, investors…
Real estate firms are seeing a significant drop in property values because European rules push investors and bankers to avoid buildings with high carbon emissions. 
               
SQM Lithium Ventures invests $9.4 million in EV…
SQM Lithium Ventures has put $9.4 million into Altilium, a British electric vehicle battery recycling company, to help it grow. 
               
China’s 2023 rise in coal approvals puts climate…
In 2023, China waved the green flag for an additional 114 gigawatts (GW) of coal power capacity, marking a 10% increase from the previous year. 
               
Brazil’s state run oil firm to invest $1.5…
Petrobras and its partners plan to invest about $1.5 billion to introduce decarbonization technology in one of their oilfields, according to the firm's CEO Jean…
               
Protest at PM Sunak’s residence lands climate activists…
Three Greenpeace activists will face charges for climbing onto Prime Minister Rishi Sunak's home in protest against the government's plan to grant numerous North Sea…
               
Indonesia’s revised green investment regulations to include coal…
On Tuesday, Indonesia introduced an updated ‘taxonomy’ or green investment guideline. It now includes coal-fired power plants used in nickel facilities, aiming to promote a…
               
Toyota faces scrutiny for cheating engine emissions tests
Japan's transport ministry is preparing to act against a Toyota Motor Corp affiliate for cheating engine emissions tests. This could involve withdrawing certification for specific…
               
Asia pioneers in sustainable aviation fuel projects
Sustainable Aviation Fuel (SAF) are alternative fuels made from renewable sources for airplanes, which is essential for the aviation sector to achieve its goal of…
               
Wall Street gives seal of approval to the…
The recent $26 billion merger of two Texas oil companies marks the latest in a series of deals propelling the era of Big Shale. Wall…
               
Airbus demonstrates SAF use in A350-1000 at Singapore…
As part of its commitment to sustainability, Airbus showcased its A350-1000 aircraft utilizing sustainable aviation fuel (SAF) during the Singapore Airshow 2024, held from Feb…
               
Major dissensions rise among automobile manufacturers over carbon…
Differences in opinion among major Indian automobile manufacturers have stalled progress in reaching a consensus on calculating carbon credits. 
               
Singapore mandates SAF usage for flights departing from…
Singapore's Civil Aviation Authority announced that flights departing from Singapore will be mandated to utilize sustainable aviation fuel (SAF) starting in 2026, with a target…
               
Indian government releases guidelines for use of hydrogen…
The Indian government has issued scheme guidelines to support pilot projects utilizing green hydrogen as fuel in the transport sectors. The Ministry of New &…
               
European ethanol producers challenge EU’s Aviation Biofuel Regulation…
European renewable ethanol producers have initiated legal action against the EU's RefuelEU Aviation Regulation, arguing that it unfairly excludes crop-based biofuels from efforts to mitigate…
               
Google to help track methane polluters from space 
Tech giant Google will partner with the Environmental Defense Fund (EDF) to track methane emissions using the MethaneSAT satellite scheduled to take off into orbit…
               
European aviation associations call for stronger SAF policies
European aviation associations, including airlines, airports, civil aeronautics industry, and air navigation service providers, are urging EU policymakers to bolster efforts in developing a leading…
               
Dubai Municipality partners with global companies to produce…
Dubai Municipality has inked a Memorandum of Understanding (MoU) with global corporations during the World Governments Summit 2024 to revolutionise waste management practices in Dubai. 
               
California agency rejects Stellantis bid to void 2019…
A California agency turned down Stellantis' attempt to cancel a 2019 emissions deal with rival automakers. 
               
Trump could roll back anti-coal diplomacy despite continued…
At the International Energy Agency meeting, US Special Presidential Envoy for Climate John Kerry mentioned that if Donald Trump is re-elected, he may not halt…
               
Three COP summit hosts come together to accelerate…
The United Arab Emirates, which hosted COP28 last year, along with Azerbaijan and Brazil, hosts of the upcoming UN climate summits, announced on Tuesday their…
               
Higher production boosts Coal India’s third-quarter profits beyond…
Coal India reported a higher-than-expected third-quarter profit on Monday as the state-run miner increased production to meet rising electricity demand in the country. The company…
               
UK & Egypt sign sustainable cities and infrastructure…
His Majesty’s Ambassador to the Arab Republic of Egypt, Gareth Bayley and Deputy Chairman of The New Urban Communities Authority Eng. Amin Ghoneim signed a…
               
New analysis raises concerns over Woodside Energy’s net-zero…
An in-depth analysis by the Australian Conservation Foundation has found that Woodside Energy Group, Australia’s largest oil and gas producer, does not have a robust…
               
EU passes truck emissions law despite German resistance
European Union countries voted to pass a law aiming to reduce truck emissions after Germany's late demands almost derailed it. 
               
JSW signs agreement with Odisha for electric vehicle…
JSW Group has signed an agreement with the Odisha government to set up electric vehicle (EV) facilities in the state, with an investment of ₹40,000…
               
US Government to fund methane reduction projects 
On Friday, the US Environmental Protection Agency (EPA) and the Department of Energy (DOE) released a notice of intent to fund projects that aim to…
               
Barclays to stop financing oil & gas industry 
Barclays, Britain's largest lender to the oil and gas sector, told Reuters that it would stop directly financing new oil and gas fields and limit…
               
Top rival miners team up for ‘green steel’…
The world's leading mining companies, BHP Group Ltd. and Rio Tinto Group, along with Australia's BlueScope Steel Ltd., are coming together to develop Australia's first…
               
Washington state bill proposes 10% SAF blend requirement…
Legislation currently under consideration in Washington state aims to mandate airport operators to offer a minimum blend of 10% sustainable aviation fuel (SAF) for private…
               
Dutch healthcare pension fund divests from fossil fuels…
The Dutch healthcare workers' pension fund PFZW announced on Thursday that it had sold nearly all its investments in fossil fuel companies, including major players…
               
ITFC signs $2.1 billion deal with Bangladesh for…
According to energy officials, the International Islamic Trade Finance Corporation (ITFC) has inked a significant $2.1 billion financing plan with Bangladesh to support the nation's…
               
India Energy Week 2024: PM Modi propels $67…
Indian Prime Minister Narendra Modi, inaugurating the second edition of India Energy Week 2024 in Goa on February 6, said India offers opportunities for $67…
               
EU truck emission goals in jeopardy as German…
Disagreements within Germany's three-way coalition may hinder EU plans to reduce truck emissions. The pro-business Free Democrats (FDP) raised unexpected objections, causing the German government…
               
ONGC joins hands with TotalEnergies to detect and…
During India Energy Week 2024 (February 6-9 in Goa), ONGC signed a cooperation agreement with TotalEnergies for methane emissions detection and measurement campaigns. TotalEnergies’ AUSEA…
               
Environmental Agency to review complaint on emissions from…
On Tuesday, the Commission for Environmental Cooperation (CEC), responsible for environmental matters in the US, Mexico, and Canada, announced that it would assess a complaint…
               
BP will explore potential partnerships for solar business:…
Oil giant BP is considering getting other companies involved with Lightsource BP, a solar development company, to profit more from its rapidly growing business, CEO…
               
Wind energy beats gas in Europe for the…
Last year, Europe made more electricity from wind power than from gas for the first time ever. This drop in using fossil fuels helped cut…
               
Max Planck Institute develops method to make green…
Researchers at the Max Planck Institute for Iron Research have developed a method to make green steel out of waste produced during aluminum manufacturing. The…
               
Gasum to build a new biogas plant in…
Energy company Gasum announced its decision to invest in a new biogas plant in Borlänge, Sweden. The project has been granted a subsidy of 15…
               
Indian coal production surges by 10.3% in January
In a significant uptick, India's coal production witnessed a notable increase of 10.3% in January, reaching 99.73 million tonnes (MT) compared to the corresponding period…
               
India unveils scheme guidelines for green hydrogen in…
The Government of India has released “Scheme guidelines for implementation of pilot projects for use of Green Hydrogen in the shipping sector.” The guidelines were…
               
India’s TERI to launch green shipping portal at…
At the World Sustainable Development Summit in New Delhi this week, The Energy and Resources Institute (TERI) will introduce a green shipping portal. 
               
India’s largest power producer to take its green…
The top official of India's biggest power producer, NTPC Ltd said on Tuesday that its renewable energy division is expected to become a public company…
               
Indian Oil and Gas PSUs unveil ambitious investment…
In a strategic move to bolster the country's energy infrastructure, major players in India's oil and natural gas sector, including the Oil and Natural Gas…
               
Australia announces fuel efficiency rules to boost EV…
On Sunday, the Australian government released a ‘preferred model’ for new standards on vehicle emissions as the country is looking to promote the uptake of…
               
Australian collaboration aims to drive green steel and…
Australia's national science agency, CSIRO, and Swinburne University of Technology have joined forces to spearhead research and development in green steel and mineral processing, contributing…
               
Activist investors withdraw Exxon’s climate proposal 
Exxon Mobil stated in a court filing on Thursday that activist investors are backing down from a climate proposal. 
               
US House to vote on overturning Biden’s freeze…
The US House of Representatives, next week, will decide whether to cancel the Biden administration's temporary block on approving the export of liquefied natural gas…
               
Companies struggle with EV transition as demand for…
As the demand for fast package delivery increases, companies are facing challenges transitioning to electric vehicles (EVs). Americans now make over 15% of their purchases…
               
Sustainable aviation fuel crunch can hamper airlines’ climate…
Airlines are finding it difficult to obtain and use lower-carbon fuels due to a shortage in supply and high costs, according to Cathay Pacific's head…
               
Emirates joins Solent Cluster to advance sustainable aviation…
Emirates has become a member of the Solent Cluster, a cross-sector collaboration consisting of over 100 international organizations, manufacturers, engineering companies, regional businesses, and academic…
               
World’s largest jeweler opts for recycled gold and…
Pandora, the biggest jewelry maker in the world, has decided to stop using newly mined silver and gold and pick only recycled precious metals, as…
               
Exxon’s lawsuit concerns shareholders advocating environmental and social…
Shareholders who use resolutions to push companies on environmental and social matters are concerned that a lawsuit by Exxon Mobil, skipping the US securities regulator,…
               
Tata Steel unveils transformation plan towards green steel…
Tata Steel has revealed its plan to transition from traditional blast furnaces to environmentally friendly steel production methods. Tata Steel aims to reverse over a…
               
California breaks century-old ties with Big Oil 
California, a big player in producing oil, is now breaking ties with the oil industry, a significant move to shift away from fossil fuels as…
               
Repsol chooses Vissim’s advanced oil spill detection for…
Repsol Norge, a Norwegian multi-energy company has entered into a contract with Vissim to deploy an advanced oil spill detection system at the Yme Field…
               
Worries rise over methane emissions as world’s largest…
As the world's largest cruise ship, Icon of Seas, began its maiden voyage on Saturday from Miami, environmental groups are concerned about the release of…
               
Daimler Truck & Abu Dhabi to explore Gulf’s…
The world’s biggest commercial vehicle maker, Daimler and Abu Dhabi have entered into an initial agreement for the supply of green hydrogen to fuel future…
               
Trinidad and Tobago explores further gas deals with…
Trinidad and Tobago is set to enhance their natural gas supply by pursuing additional deals with Venezuela after receiving a license to extract from the…
               
Truck maker partners with German chemical giant to…
Iveco Group, an Italian bus and truck maker, has partnered with German chemicals group BASF for the recycling of lithium-ion batteries for their electric vehicles. 
               
Sustainable aviation fuel will take center stage in…
A new report titled "Sustainable aviation fuel is the way forward for aviation industry," published by Research And Markets, provides an overview of the decarbonization…
               
Upcoming Biden policy to impact natural gas exports,…
The Biden administration is expected to announce plans in the coming days to increase environmental scrutiny on applications for natural gas exports. 
               
UAE’s Alpha MBM Investments emerges as preferred bidder…
The Ugandan government has chosen Alpha MBM Investments from the United Arab Emirates (UAE) as the preferred bidder for its ambitious $4 billion oil refinery…
               
H2 Green Steel secures €4.2 billion in project…
H2 Green Steel announced that it has secured €4.2 billion in project financing, adding to the previously announced €300 million in equity. 
               
US oil refiners urge Biden administration to reform…
US oil refiners, including Coffeyville Resources Refining and Marketing and Wynnewood Refining Company, are urging President Biden's administration to change the renewable fuel credit program. 
               
Brazil’s state-run oil firm to buy stakes in…
Brazil's state-owned oil company, Petrobras, plans to acquire shares in domestic onshore wind and solar projects this year, aiming to build a renewable energy portfolio…
               
Chinese official urges caution over excessive new energy…
In a ministerial briefing on Friday, Xin Guobin, a vice minister at China’s Ministry of Industry and Information Technology, expressed concern over the excessive number…
               
Oil giant Exxon files lawsuit against climate activist…
Exxon Mobil Corp filed a complaint in a Texas court on Sunday to block a climate proposal by activist investors from being voted on during…
               
Germany unlikely to achieve 2030 coal phase-out: Cornwall…
According to a new paper published by Cornwall Insight, Germany is unlikely to achieve its  committed to phasing out electricity generation from both nuclear and…
               
Norwegian oil and gas firms target Arctic Barents…
Oil and gas companies operating offshore Norway, including Equinor, Aker BP, and Vår Energi, are intensifying their exploration efforts in the Arctic Barents Sea to…
               
Shell to exit nearly a century of Nigerian…
Shell is set to conclude almost 100 years of onshore oil and gas operations in Nigeria by selling its subsidiary to a consortium of local…
               
BP, Sinopec sign MoU to strengthen cooperation in…
China’s oil major Sinopec and BP signed a memorandum of understanding (MoU) at the World Economic Forum in Davos. The agreement aims to enhance cooperation…
               
Indonesia to triple its biomass consumption in 2024 
Indonesia plans to increase its use of biomass in power generation to 2.83 million metric tons in 2024, three times the 991,000 tons consumed last…
               
Climate advisors tell EU to revamp its existing…
Official advisors have told the European Union to revise its climate policies to promptly move towards the phase-out of fossil fuels and achieve climate targets…
               
Europe to get greener steel turbines to cut…
The world’s largest turbine maker, Vestas Wind Systems A/S, is partnering with ArcelorMittal to use recycled or old steel to make turbine blades with the…
               
Singapore’s marine biofuel demand to double by 2025,…
Singapore’s marine biofuel demand is suspected to increase double-fold by 2025 as shippers seek to cut emissions, a senior TotalEnergies executive said.
               
Oil and Gas decarbonization: Here at the top…
The year 2024 has seen decarbonization as a prevailing buzzword, reflecting the emphasis by counties and industries on reducing carbon emissions and switching to sustainable…
               
27 major investors co-file climate resolution at Shell 
Twenty-seven major investors, who own around 5% of Shell’s stock have escalated pressure on Shell to take climate action. The shareholder resolution requests Shell to…
               
Bulgaria climate minister says market economics will phase…
Market economics are likely to slash Bulgaria's use of coal-fuelled power years before the government's official 2038 phase out date, the country's climate minister said…
               
ArcelorMittal, France to invest €1.8 billion to cut…
The steel giant, ArcelorMittal SA and France are planning to invest €1.8 billion to cut carbon emissions produced by their steel plants in Dunkirk. This…
               
Countries are trying to opt out of COP28…
According to US Vice President Al Gore, some nations are trying to push out of the landmark agreement, made at the UN climate summit COP28,…
               
Reuters reports: JSW proposes to outbid Adani Power…
A Reuters report published today claims that India’s JSW has proposed to outbid Adani Power for the possession of a thermal power plant, the Amarkantak…
               
Methane drama: Republicans smash EPA; big oil’s involvement…
The US Environmental Protection Agency (EPA) has come under fire from House Republicans for its Methane Emissions Reduction Program. 
               
Dutch-Caribbean island files lawsuit, urges more measures over…
A lawsuit was filed by the residents of the Dutch-Caribbean island of Bonaire, on Thursday, against the Dutch state demanding the government take more effective…
               
Hertz sells one-third of US electric fleet, shifts…
Hertz Global Holdings Inc. is set to sell one-third of its US electric vehicle fleet and shift its focus to gas-powered cars, citing weak demand…
               
Turkish steelmaker to invest $3.2 billion in green…
Turkish steel producer Erdemir intends to invest a combined $3.2 billion in its green transition by 2030, aiming for a 25% reduction in emissions by…
               
Biden’s climate policy shift creates hurdles for LNG…
The Biden administration is reassessing the environmental standards applied in approving upcoming liquefied natural gas export facilities, potentially causing delays in ongoing projects as the…
               
US Supreme Court rejects Exxon Mobil’s bid for…
The US Supreme Court has declined the request for a crucial procedural boost sought by Exxon Mobil Corp., Koch Industries Inc., and the American Petroleum…
               
COP29 host Azerbaijan to ramp up fossil fuel…
Azerbaijan, the host of this year's UN climate talks, is planning to boost its fossil fuel production by a third over the next decade, as…
               
US clears $189 million loan to fund real-time…
The Department of Energy's loan office, on Friday, conditionally approved a $189 million loan to facilitate the establishment of a methane monitoring network in crucial…
               
India to cut energy transition by half to…
India is intending to reduce equity investment by half, amounting to $1.8 billion for the fiscal year 2023/24, to support the green energy initiatives of…
               
France aims to cut fossil fuel share to…
France is set to target a reduction in the proportion of fossil fuels in its energy consumption mix to 40%, down from over 60%, by…
               
Azerbaijan appoints Ecology Minister and Ex-Oil Executive as…
Azerbaijan has chosen Mukhtar Babayev, the current Ecology Minister, to lead the upcoming global climate talks, COP29, scheduled to take place later this year in…
               
Global coalition calls on major banks to halt…
A collective force of more than 67 organizations has united in an open call urging the world's largest banks to cease financial support for new…
               
Republicans target Biden’s $400 billion Green Bank, recalling…
Congressional Republicans are targeting President Joe Biden’s $400 billion green bank, aiming to replicate the political success they achieved in 2011 with the scandal surrounding…
               
Tesla tops car sales in Norway, EV takes…
For the third consecutive year, Tesla secured the leading position in Norway's car sales in 2023, maintaining its dominance over competitors, even amid an ongoing…
               
Chevron to take a $4 billion hit from…
Oil giant Chevron Corp is set to incur a write-down of asset value ranging from $3.5 billion to $4 billion, citing restrictive government policies in…
               
West Texas earthquake rate plummets after crackdown on…
In 2023, West Texas witnessed a notable decrease in earthquake frequency, marking the first such decline in over five years. This shift followed regulatory actions…
               
Tesla and popular EVs face stricter tax credit…
New regulations have tightened the rules around the availability of tax credits for electric vehicles (EVs), potentially reducing the number of eligible vehicles by up…
               
Climate groups criticize Berlin’s proposal for driverless magnetic…
Efforts are underway to implement a driverless magnetic train system in Berlin, designed to traverse the city and transport both passengers and goods. This initiative…
               
ING faces public outcry as climate activists block…
The Amsterdam police detained around 300 climate activists on Saturday after they blocked a key highway in the Dutch capital for several hours. 
               
China to build clean-fuel ships by 2025 
China has established an objective to manufacture over 50% of the world's ships utilizing cleaner fuels by 2025, as outlined in guidelines released by the…
               
CCH health officials say PBF Energy faced 46…
Health officials from Contra Costa County (CCH) in California issued a letter to PBF Energy's Martinez refining company on Thursday, expressing their dissatisfaction with the…
               
QatarEnergy secures five-year crude sales deal with Shell…
QatarEnergy, the energy company of Qatar, has inked a landmark agreement with Shell International Eastern Trading Company, marking its inaugural five-year crude sales deal. 
               
California County conducts surprise check at PBF’s Martinez…
On Tuesday, health authorities in Contra Costa County, California, announced an impromptu inspection at PBF Energy's refinery in Martinez, with a capacity of 156,400 barrels…
               
UK High Court rules in favor of ENRC…
London's High Court has ruled in favor of the Kazakh mining group Eurasian Natural Resources Corporation (ENRC), declaring that the UK's Serious Fraud Office (SFO)…
               
US industry consolidation to give big oil players…
In 2023, the oil and gas industry went on a $250 billion buying spree. They took advantage of high stock prices to secure cheaper reserves…
               
Norway’s November oil production falls below forecasts, gas…
Norway's November oil production, natural gas liquids (NGL), and condensate production have been reported in the Norwegian Petroleum Directorate's (NPD) recent release, showing an average…
               
London’s High Court throws out $11billion damages bill…
In a landmark ruling, London's High Court has dismissed an $11 billion damages claim against Nigeria over a collapsed gas processing project, citing bribery allegations…
               
Electric bikes see a boom in the US…
Following numerous attempts, electric bikes are now gaining widespread acceptance in the United States, driven by surging sales of a growing variety of available models.
               
Uganda renews Nigerian firm’s oil exploration license by…
Uganda's Ministry of Oil has announced the approval of a two-year renewal for the oil exploration license granted to the Nigerian company Oranto Petroleum Limited. 
               
EU, UK extend deadline for EV makers to…
On Thursday, the European Union and the United Kingdom reached an accord to extend the deadline for electric vehicle (EV) manufacturers to adhere to local…
               
Used EV market bottlenecks threaten automaker profits and…
The auto industry's headlong rush into EVs is hitting an unexpected speed bump in the used car market. Sales of second-hand electric models are plummeting…
               
BP halts oil shipments through Red Sea amid…
BP Plc, a British oil giant, has hit pause on their oil tanker journeys through the Red Sea due to a surge in attacks by…
               
Wizz Air to invest £5 million in biofuel…
Wizz Air has disclosed a £5 million investment in biofuel firm Firefly, marking the airline's first equity involvement in sustainable aviation fuel (SAF) research and…
China coal consumption to decline slightly by 2040, posing climate risk

China’s coal consumption is expected to fall by only one-third by 2040, according to a report by a European consultancy published on Tuesday, posing a […]

Hyundai launches EcoGram in Gurugram

In a move towards environmental sustainability, the Hyundai Motor India Foundation (HMIF) has unveiled EcoGram in Gurugram, Haryana, showcasing its commitment to eco-friendly initiatives.  Operational […]

Passive funds may face hurdles in UK’s new green fund regime

Concerns are mounting that passive, index-tracking funds might be notably absent from the UK’s forthcoming “green” fund regime, according to a recent report from the […]

Southeast Asia has insufficient green investments: report

A recent report by global consultancy Bain & Company sheds light on Southeast Asia’s inadequate green investments, hindering efforts to reduce emissions in the region. […]

Otis receives approval for science-based GHG emissions reduction targets

Otis, an elevator and escalator manufacturing, installation, and service company in India, has announced the approval of its near-term science-based greenhouse gas (GHG) emissions reduction […]

SOCAR and bp showcase methane emission reduction efforts to industry representatives

Representatives from local oil and gas operators embarked on field visits to the Neftianye Kamni Oil Field and the Sangachal Terminal, organized by the State […]