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- Sun 23:01Ten of the world's largest public reporting shipping companies avoided paying $4.3 billion in additional taxes in 2024 due to the sector's privileged tax regime – enough to cover more than 30% of the annual carbon pricing proposed for the sector, according to a non-profit.
- Sat 02:06Pleasant news for pulp - British Columbia Premier David Eby on Friday said the province will ease industrial carbon pricing for pulp mills to support a struggling forestry sector, arguing current costs are unfair for emissions that are difficult to reduce. BC axed its consumer carbon tax last year, but kept industrial carbon pricing, a mechanism by which companies must pay for the pollution they release into the atmosphere. The move comes amid mill closures, job losses, and broader industry pressures, including US tariffs, limited timber supply, and regulatory delays. While Eby acknowledged the need to streamline permitting, opposition figures and stakeholders pointed to deeper structural issues, including long-term over-harvesting and policy shortcomings, as underlying causes of the sector’s decline.
- Sat 01:57The US EPA announced on Friday the issuance of the first Class VI permit for carbon capture and storage (CCS) in the state of Kansas.
- Sat 01:49Microsoft has suspended its carbon removal (CDR) buying programme, according to several sources, in a move that threatens to upend a nascent but fragile market heavily reliant on the tech giant’s demand.
- Sat 01:08Illinois drilled - The US EPA has issued a permit for Marquis Carbon Injection LLC to inject and store up to 1.5 MtCO2 per year at a proposed well in Putnam County, Illinois, with total storage capped at 9 mln tonnes over six years. The storage formation sits between 3,094-4,854 feet (942-1,479 metres) below the surface, sealed by an approximately 400-foot-thick confining zone of impermeable shale and carbonates. Marquis will be required to monitor the well during injection and for 12 years afterward to ensure stored CO2 remains within the injection zone and does not endanger underground drinking water sources, under oversight from EPA Region 5. The permit was issued under the Safe Drinking Water Act following a technical review and public engagement process.
- Fri 23:59
Fill 'er up... never - The US-Iran conflict has turbocharged global EV adoption, with SNE Research now projecting EVs will exceed half of new car sales by 2030 - ahead of its prior forecast by 9 pct, pts - as fuel price spikes reshape consumer economics. The firm revised its 2026 penetration estimate to 29% from 27%, with 2027 now seen hitting 35% versus an earlier 30%. Separately, SNE data showed non-China global EV deliveries reached 1.1 mln units in Jan.-Feb. 2026, up 18.4% YoY, though regional trends diverged sharply: Europe and Asia (excluding China) maintained growth while North America posted a double-digit decline following the expiration of US Inflation Reduction Act (IRA) federal EV tax credits. By automaker group, Volkswagen led non-China deliveries with 173,000 units, followed by BYD with 117,000, and Tesla, which slipped to third after a 1.1% decline to 113,000 units. BYD posted 80.5% growth in Asia and 104.1% in Europe during the two months, while Tesla dropped 13.1% in North America and 6.6% in Europe, per SNE. On batteries, CATL expanded its global market share to 42.1% from 38.7% in the first two months of 2026, while South Korean rivals LG Energy Solution, SK On, and Samsung SDI saw their combined share fall 2.2 pct. pts to 15%.
- Fri 23:59Managed money extended its net long RGGI allowance (RGA) position as the benchmark contract settled above $30 for the first time on ICE, while trimming California Carbon Allowance (CCA) holdings during the Apr. 1-7 CFTC period.
- Fri 23:53Maritime decarbonises – Brazilian mining company Vale and Chinese Shandong Shipping Corporation have signed an agreement for a new fleet of ethanol-powered Guaibamax vessels — large bulk carriers designed to transport iron ore — with deliveries set to begin in 2029, the companies said in a press release. According to the firms, this marks the first use of ethanol as the primary fuel for an ocean-going vessel in the maritime sector. The project could cut carbon emissions by around 90% compared to conventional heavy fuel oil used in shipping, and aligns with ongoing discussions at the International Maritime Organization (IMO).
- Fri 23:46A worsening global energy shock triggered by the Middle East war is reinforcing calls to accelerate a managed fossil fuel phaseout, with more than 50 countries set to use the upcoming Santa Marta conference as an implementation-focused platform.
- Fri 23:28California’s power sector emissions rose year-on-year (YoY) in February, reversing the previous month’s decline as changes in the generation mix altered the state’s overall emissions output.
- Fri 21:47A group of bipartisan state legislators asked the California air regulator ARB to change its proposed update to the Cap-and-Invest programme ahead of the planned vote in May.
- Fri 20:22Another one bites the dust - A panel of the 9th US Circuit Court of Appeals on Thursday rejected a youth-led climate lawsuit against the EPA, ruling that the plaintiffs lacked standing because they failed to link their alleged climate harms to the agency’s policies, E&E News reported. The case, Genesis B. v. EPA, brought by 18 young activists in Dec. 2023, argued that the EPA discriminated against children by undervaluing the future benefits of reducing planet-warming pollution. Upholding a lower court decision, the three-judge panel said the plaintiffs’ claims did not meet constitutional requirements for bringing the suit. Judge Milan Smith wrote that their legal theories had fundamental flaws. The lawsuit had alleged the EPA failed to maintain pollution levels that protect children, who are more vulnerable to climate impacts, but the court found the connection between those claims and specific agency actions insufficient.
- Fri 20:13Allowing some forms of “double claiming” in the voluntary carbon market (VCM) could help channel corporate finance to underfunded municipal climate projects, a newly published paper argued.
- Fri 19:56Summit switches up - Summit Carbon Solutions has shifted its proposed Midwest CO2 pipeline from a climate-focused carbon sequestration project to one supporting fossil fuel production through enhanced oil recovery (EOR), reflecting changing political and market conditions under President Donald Trump’s energy policies. The project, initially promoted as a way to reduce emissions and support low-carbon fuels, has faced permitting delays and legal challenges across several Midwestern states, while federal tax incentives have been revised to equally support CO2 use in EOR and permanent storage. The company has updated its public messaging to align with a broader push for energy dominance, removing references to climate change and positioning the pipeline as a supply source for major US oil and gas basins. (Inside Climate News)
- Fri 18:24Next phase – Hempalta Corp. said on Friday that shareholders overwhelmingly approved a corporate rebrand and other measures at its annual meeting, including plans to rename the company and consolidate shares. The Calgary-based company said more than 99% of votes cast supported changing its name to Next Phase Ventures Ltd., alongside backing for board appointments, a stock option plan, and auditor approval. It added the timing and basis of any share consolidation will be determined later by the board, likely tied to a future transaction or financing, and subject to regulatory and market conditions. Hempalta is also continuing to seek subscriptions under its existing private placement and is evaluating a strategic shift towards consumer retail and e-commerce, while maintaining its hemp and carbon-focused business lines.
- The International Organisation for Standardisation (ISO) switched up its geological CO2 storage standard last month, perhaps opening a window for the carbon capture, usage, and sequestration (CCUS) sector amid US environmental rollbacks, a law firm has said.
- Fri 02:42MMA MRV meeting - Brazil's environmental ministry (MMA) held the fourth meeting of its Technical Working Group on Measurement, Reporting, and Verification (GTT MRV) of the National Commission for REDD+ (CONAREDD+) recently. The group initiated discussions on methodologies for certifying forest carbon credits under Brazil's future ETS (Portuguese: SBCE). Divided into subgroups, participants debated aspects such as the scope of methodologies, definition of forest, baselines, quantification of emissions, risks, and monitoring systems within the context of national REDD+ mechanisms and jurisdictional programmes.
- Fri 02:38Building bill backlash - California homebuilders are opposing a bill introduced by state Sen. Eloise Reyes (D) that would require local land-use decisions to align with emissions reduction plans targeting air quality improvements in disadvantaged communities, setting up a broader conflict over housing and environmental policy, E&E News reported. The California Building Industry Association (CBIA) on Tuesday added SB 1075 to its annual list of 'housing killers', arguing the measure could constrain development, while Reyes simultaneously announced significant amendments to the proposal, which was initially introduced in February with placeholder language. The bill seeks to strengthen enforcement of a 2017 state law requiring local air districts to implement emissions reduction programmes and monitor pollution in disadvantaged areas, with the dispute highlighting ongoing tensions in California over balancing housing supply expansion with stricter environmental and air quality standards.
- Fri 01:27Verra has released updated guidance for projects seeking to apply Article 6 and/or UN aviation offsetting scheme CORSIA labels to carbon credits generated under its Verified Carbon Standard (VCS) Programme, it announced Thursday.
