Colombia, a major player in voluntary and international environmental markets, is nearing the end of a presidential term that dealt the sector a major blow – but while the incoming president has raised hopes of a revival, questions remain over implementation.

Ready to go – Strategic Biofuels received a finalised Class VI CO2 injection permit in Louisiana for its underground storage project in Caldwell Parish, the company said on Tuesday. The Louisiana Department of Conservation and Energy had issued a draft permit to the renewable fuel developer in March. The permit includes multiple injection wells – a first of its kind model in the state. The project pairs carbon capture and storage with biomass-based generation from sustainable forestry feedstocks.

A planned $6 million buyout of a portfolio of offset projects has collapsed after the purchaser failed to make the required closing payment by the contractual deadline, leaving the original agreement in place and setting the stage for potential legal action, according to a company announcement late Tuesday.

Endangerment finding fight - The Alliance for Automotive Innovation filed a motion in opposition to a proposed stay the US EPA's undoing of the Endangerment Finding by youth challengers of the move, arguing that going back and forth between standards would increase difficulties for the industry, an argument echoed by states and federal officials and other groups also opposed to the stay. On the other hand, challengers to the rescission argued in recent filings that the agency's administrative record should be adjusted to include supplemental comments made during the regulatory process, while petitioners also requested a 10-day extension to file their reply in support of staying the Endangerment Finding repeal.

Democrats in the US Senate and House of Representatives have reintroduced a legislative effort to fund advanced clean shipping technology and infrastructure.