Businesses across 18 markets increasingly view clean electrification as a way to reduce exposure to fossil fuel volatility, lower long-term costs, and strengthen competitiveness, according to a polling report released Monday.

Art of the deal - Prices of benchmark crude oil fell as much as 4% on Monday to touch $80/bbl after US Predisent Donald Trump announced a deal to end the conflict with Iran will be signed this Friday. It comes after weeks of negotiations and ceasefire violations between the two countries. Trump added that the Strait of Hormuz, through which nearly a fifth of global energy supplies and crucial processed commodities like jet fuel oil passed before the conflict began, will also reopen indefinitely and without tolls on Friday. Under the preleminary deal, more thorny issues like Iran's nuclear programme and sanctions relief will be discussed over the next 60 days.

Global biochar production has nearly tripled in the past two years and is projected to reach more than 9 million tonnes annually by the end of the decade, as the carbon removal technology moves from an emerging industry into large-scale commercial deployment, according to a new market report.

Negotiators and observers are questioning how the UN’s process of assessing Article 6.2 initial reports could become more iterative and better at isolating major concerns, as common reporting pitfalls have led UN teams to declare inconsistencies in every review to date.

Flight path – California-based chemical technology company Twelve, along with Alaska Airlines, and Microsoft, on Wednesday marked the opening of AirPlant One in Washington state, which the companies said is the first commercial-scale US facility producing E-Jet fuel – a type of sustainable aviation fuel (SAF). They said the E-Jet fuel produced at AirpPlant One meets American Society for Testing and Materials (ASTM) standards for commercial aviation use, as well as E-naphtha. The company added that the facility marks the start of commercial-scale production and sets the stage for US commercial flights powered by jet fuel made from air.

Target trouble – The Senate Committee on Energy, the Environment and Natural Resources has urged the federal government to strengthen emissions reduction measures, warning that Canada is not on track to meet its legislated 2030 GHG emissions target. In a statement released Friday, the committee cited projections in the government's 2025 Progress Report on the 2030 Emissions Reduction Plan, showing Canada will miss the goal despite progress in reducing emissions. The committee noted that emissions reductions can also support investment and economic competitiveness when businesses have clear policy direction for the low-carbon transition.