CP Daily News Ticker: June 5, 2025
Steel this alternative – Low-carbon steel producer Boston Metal is close to earning its first revenue as it develops its novel steelmaking process, Canary Media reported Thursday. In the steelmaking process, refining iron typically results in the bulk of GHG emissions, but Boston Metal uses a different, cleaner process known…
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Wishlist – The Brazilian private sector presented a document to the COP30 presidency with a list of business priorities for the climate negotiations, Portal da Industria published Thursday. The recommendations were prepared by eight working groups, including one on nature-based solutions that advocated for its integration into regulated carbon markets,…
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We heard you – Canada’s Competition Bureau published its final guidelines on environmental claims Thursday, following new greenwashing provisions that entered into law in June 2024. The final version follows two rounds of public consultations over the past year, inclusive of over 400 submissions. The Competition Bureau responded to several…
Read MoreResearchers call on government, industry to reach for $30 bln in revenues lost to gas flaring -report
Governments must foster investable environments for gas flaring capture and reduction projects, which could offer a quick win for emissions reduction while incentivising the hard-to-abate oil and gas sector with boosted revenues, according to a recent report.
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Rage against the disinformation machine – French President Emmanuel Macron and Brazilian President Luiz Inacio Lula da Silva on Thursday jointly reaffirmed their commitment to global climate action and combating climate disinformation. In a joint France-Brazil press release, the two leaders urged other nations to join the Global Initiative for…
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Disclosure dilemma – A new report published by Ceres, a US-based non-profit advocacy organisation, showed that while more US insurers are disclosing climate-related risks, significant gaps remain in setting measurable targets and ensuring accountability. The report analysed disclosures from 526 insurance groups, finding that while nearly all insurers reported on risk…
Read MoreLarge hedge fund parts ways with North American environmental products head
The North American head of an environmental trading desk with a US-headquartered multinational hedge fund has left the firm, Carbon Pulse has learned.
Read MoreCP Daily News Ticker: June 5, 2025
SAF study – During the 2025 International Civil Aviation Organization (ICAO) Aviation Climate Week, held from Jun. 2-4, Airbus and Mexican airline Volaris announced a Letter of Intent to contribute to ICAO’s Voluntary Environment Fund through a study on Sustainable Aviation Fuel (SAF) production in Mexico. Conducted through ICAO’s Assistance,…
Read MoreEarth Security, UBS foundation launch framework for repricing blue carbon as a premium asset
To unlock the true value of blue carbon, the investment company Earth Security, in collaboration with UBS Optimus Foundation, has launched a new framework with practical recommendations for project developers, communities, and investors to position these credits as premium assets.
Read MoreCalifornia startup raises $50 mln to scale modular DAC systems
A California-headquartered direct air capture (DAC) startup has raised $50 million to accelerate deployment of its modular DAC systems that it said provide cost-effective, on-site, and “clean” CO2.
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