XCF merger - XCF Global (XCF), Southern Energy Renewables (SER), and DevvStream Corp. (DSC) have agreed to a binding term sheet to combine SER in a three-party merger. The merger is intended to form an integrated platform of complementary assets, with the opportunity to deploy an environmental attribute and credit generation strategy across North America and emerging markets, the companies said. The binding term sheet establishes a framework for collaboration among the three companies, and includes an investor agreement to purchase shares of XCF to fund near-term operations and complete targeted upgrades and modifications at its New Rise Reno refinery, a major US production centre for sustainable aviation fuel (SAF).

Patented HYCO1 - US-based CO2 utilisation company HYCO1 has won three patents to strengthen the company's syngas technology and carbon use. HYCO1 said these patents protect its ability to use CO2 as a working feedstock (added or native to the feedstock stream) and to deliver low-cost, low-carbon syngas for fuels, chemicals, and advanced materials. It said the portfolio also supports drop-in upgrades for existing syngas reformers as well as new low-carbon improved efficiency builds.

Regulated entities’ emissions exceeded the cumulative annual compliance limit under Newfoundland and Labrador’s industrial carbon pricing system for the first time in 2024, according to a provincial report published Friday.

A stronger use of market-based climate policies, including carbon pricing reforming environmentally harmful subsidies, will be critical for Latin America and the Caribbean (LAC) to finance its transition towards low-carbon economies, according to a new report by the OECD.

New Mexico lawmakers introduced legislation that would set statewide GHG emissions limits in statute, including a requirement for net zero emissions by 2050, while expanding the rulemaking and reporting authority of state air quality regulators.

Brazil’s development bank has selected seven funds from 45 proposals received under its largest-ever call for investment in climate projects, it announced on Monday.

Trinidad and Tobago has committed to cutting cumulative GHG emissions 15% below a business-as-usual (BAU) baseline by 2035, with most of the ambition conditional on international support, according to its latest Nationally Determined Contribution (NDC).

Renewable energy investment fell 9.5% year-on-year, according to analysts, who said the drop was in large part due to a decline seen in China.

CORSIA-eligible spot and futures prices softened last week, although volumes remain very thin amid a market that has yet to strike a balance on fundamentals, sources noted.

Storage stakes – Indiana lawmakers are advancing legislation to assume federal oversight of underground CO2 storage projects, as developers pursue a growing pipeline of proposals across the state despite local opposition, a local outlet reports. A bill before the Indiana General Assembly would require the Department of Natural Resources to seek primary enforcement authority for Class VI wells, which regulate the injection of CO2 for geologic sequestration and are currently permitted by the US EPA, where nine Indiana applications are under review. Industry groups say federal permitting has been slow and inconsistent and argue state primacy would speed investment, while critics warn Indiana may lack the resources, expertise, and independence needed to regulate complex CO2 storage projects without weakening environmental safeguards.

Short- and long-lived greenhouse gases should be accounted for separately in corporate targets, offsetting, and reporting frameworks to avoid misleading climate claims, according to a report published last week.

A marine CO2 removal company has announced a $20 million first close of its Series A financing.