US oil giant launches $500 mln clean energy fund
A California-headquartered fossil fuel firm announced its third and largest venture capital fund to date of $500 million, focused on clean energy technologies to improve its core business and drive lower carbon options.
Read MoreCanada budget targets C$2.5 bln small business carbon rebates, CCfD expansion
Prime Minister Justin Trudeau’s 2024 budget, released Tuesday, sees an overdue reimbursement of C$2.5 billion ($1.8 bln) in carbon tax rebates to small businesses, delivery of prior announced investment tax credits by the end of 2024, and commits to exploring additional carbon contracts for difference (CCfDs).
Read MoreTexas and California firms partner to develop SAF using waste CO2
A California low-carbon electrofuels (efuels) developer has agreed to purchase captured CO2 from a Texas energy firm to primarily produce sustainable aviation fuel (SAF), the companies announced Wednesday.
Read MoreRGGI Market: RGAs trade on high volumes as market looks for price equilibrium
RGGI Allowance (RGA) prices wound down from volatile activity in weeks prior but continued to trade at higher volumes last week, driven by compliance demand, market participants said.
Read MoreLCFS Market: California prices drop 6% on ARB workshop disappointment
California Low Carbon Fuel Standard (LCFS) prices sold off following ARB’s Tuesday release of public workshop materials, with market participants disappointed at the regulator’s proposed choice of a 30% carbon intensity (CI) reduction target for 2030, while traders pondered ARB’s rationale given the programme’s outsized surplus bank.
Read MoreWashington announces cap-and-invest rulemaking in pursuit of linkage
The Washington Department of Ecology (ECY) announced on Thursday the commencement of rulemaking in consideration of amendments to its Climate Commitment Act (CCA), to facilitate linkage of the state’s carbon market with that of California and Quebec.
Read MoreGlobal fashion giant invests in sustainable aviation fuel via international logistics firm
A luxury fashion house has made its inaugural investment in sustainable aviation fuel (SAF) through a partnership with an international shipping company.
Read MoreCalifornia carbon capture project halted, permits withdrawn following EPA order
A proposed biomass and carbon capture project in California’s Central Valley has been halted following the withdrawal of its federal and local permits after discrepancies were identified by the US Environmental Protection Agency (EPA).
Read MoreManitoba government introduces CCUS project legislation
Canada’s provincial government of Manitoba on Thursday proposed a regulatory framework for underground storage of CO2 that details necessary permits, licensing, and ownership related to carbon capture, utilisation, and storage (CCUS) projects.
Read MoreTraders reduce exposure in RGGI and Washington carbon markets, CCAs remain in favour
Emitters are favouring longer-dated California Carbon Allowances (CCA) while speculators widened their net length with V24 CCA additions, though both groups reduced their exposure in RGGI and Washington carbon markets, according to data published Friday by the US Commodities Futures Trading Commission (CFTC).
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