The Q2 RGGI carbon auction could result in clears between several dollars below or above current secondary market prices, which have fluctuated at historic highs amid unprecedented volatility recently, traders and analysts told Carbon Pulse ahead of Wednesday's sale.

An offsets developer based in British Columbia reported net earnings of C$693,200 ($500,900) in the first quarter of 2026 and nearly tripled the company’s quarterly revenue year-on-year.

A certifier of methane emissions has awarded its top ranking for the first time to a major oil and gas giant for its production in the Gulf of Mexico.

Case dismissed - The US Court of Appeals for the Ninth Circuit upheld a lower court’s dismissal of Lighthiser et al. v. Donald Trump et al., a youth-led case challenging executive orders on US energy development, a national energy emergency, and the coal industry, the Department of Justice said Tuesday. Principal Deputy Assistant Attorney General Adam Gustafson said the court found the plaintiffs lacked standing because they did not show the executive orders caused injury or that any injury could be redressed by the courts.

Consider this - The US Chamber of Commerce told the Ninth Circuit that the US Securities and Exchange Commission’s (SEC) May 29 proposal to rescind its 2024 climate-related disclosure rules strengthens its challenge to California’s SB 253, arguing the state law is broader than the SEC rules because it requires emissions reporting without the SEC rule’s materiality limits and ahead of an expected Aug. 10 compliance date. In a Monday filing, the plaintiffs said the SEC proposal undermines California’s argument that SB 253 is needed to protect investors, that emissions figures are objective, and that compelled corporate disclosure is necessary, citing the SEC’s view that its rules exceeded the agency’s authority, imposed unjustified costs, and should be withdrawn in full.

Consultation commencing - Canada’s Taxonomy and Transition Planning Council plans to release a consultation draft for its Sustainable Finance Taxonomy Methods and Frameworks Report on July 9, opening an approximately one-month feedback period. The first phase will focus on climate mitigation, align with Canada’s net zero by 2050 target, and prioritise electricity, buildings, transportation, mining, manufacturing, and agriculture/forestry. Consultation will focus on investment categories, technical screening criteria, and Do No Significant Harm and Minimum Social Safeguards frameworks.

Stop the storage - Galva, Illinois, officials are considering a moratorium on CO2 storage after about 150 residents attended a city council meeting Monday to oppose a carbon-capture project proposed by Lapis Solutions and Big River Resources. The project would store 725,000 tCO2 more than 4,000 feet underground, using emissions from Big River’s ethanol plant, but residents and emergency-management officials raised concerns about truck traffic, water wells, project siting, and emergency planning. Henry County Emergency Management Director Mat Schnepple said he would recommend the county seek a pause or moratorium until promised data and planning documents are provided, while City Administrator Dave Dyer said he would draft a city moratorium for council consideration. The next city council meeting is scheduled for July 6, when the measure could be discussed.

Flagging waning federal investment in marine carbon removal (mCDR), a non-profit published a roadmap on Monday with policy and regulatory changes the US needs to implement to advance to the million-tonne scale of deployment.

Minnesota has urged a federal court to dismiss a US lawsuit seeking to halt its climate deception case against ExxonMobil, Koch Industries, and trade association American Petroleum Institute (API), arguing the federal government has no direct injury and no legal basis to intervene.

A carbon removal market maker is partnering with a ratings agency as it expands its purchasing into the "ugly ducklings" of the carbon market – superpollutant credits, which it says are vital to averting imminent climate tipping points, the two announced on Tuesday.

Canada will boost two carbon storage assessment projects on its east coast with C$1.7 mln ($1.2 mln) alongside a larger energy funding launch.

Brazil should consider an Article 6 strategy that allows the export of carbon credits while retaining 50% of mitigation outcomes for domestic climate targets, carbon trading industry group IETA said in a new report.

Nitrous oxide (N2O) emissions from North American agricultural soils amended with organic fertilisers are substantially lower on average than the default factors used in international greenhouse gas inventories, though certain manure types and management practices remain significant emissions hotspots, according to a new study.

Concentration among a handful of buyers, weakening prices, and policy uncertainty are threatening the scale-up of carbon removal (CDR) despite recent growth in the sector, according to a report released on Tuesday.

Verra has approved its first-ever government-led REDD+ project, a milestone as countries seek to monetise the avoided deforestation sector under jurisdictional carbon crediting.

Canadian climate policy is at a crossroads, and without intervention, the country risks being left behind, attendees of Toronto Climate Week heard on Monday.