Power producer defends lawsuit against Washington govt, claims discrimination under cap-and-trade
A gas-fired power producer has defended its motion for the Washington Department of Ecology (ECY) to either issue free allowances or prohibit the producer’s purchase of allowances that cover emissions associated with generation for non-Washington consumers, in an ongoing lawsuit.
Read MoreBC utility cannot provide 100% renewable gas to all new homes, faces separate greenwashing lawsuit
A British Columbia regulator rejected a provincial utility’s proposal to provide 100% renewable natural gas (RNG) to all new homes at subsidised rates, while an environmental non-profit took the company to court on Tuesday for alleged greenwashing.
Read MoreCemex says emissions cuts allowing it to stretch surplus carbon allowance inventories beyond 2026
Cemex continues to cut its Scope 1 and 2 emissions, allowing it to stretch the length of time it can rely on its surplus of European carbon allowances, the cement-maker said on Tuesday.
Read MoreCanada Growth Fund announces third tranche, invests C$50 mln into private equity firm
The Canada Growth Fund (CGF), a federal investment vehicle, allocated C$50 million ($36.8 mln) towards a Montreal-based investment firm backing clean tech companies, the federal government announced Monday.
Read MoreIEA undermining energy security in its pursuit of net zero, say US legislators
The International Energy Agency (IEA)’s emphasis on the energy transition fails its responsibility to provide objective data, said two US Republican lawmakers, who questioned its recent work in a letter addressed to the intergovernmental agency.
Read MoreARB eyes LCFS proposal changes, will discuss stringency, crop-based biofuels at next workshop
Staff of California regulator ARB detailed next steps regarding its proposed Low Carbon Fuel Standard (LCFS) amendments and addressed programme scrutiny from industry and environmental groups.
Read MoreBP, Microsoft among businesses launching campaign to save Washington cap-and-trade
Washington Governor Jay Inslee (D) on Wednesday assured carbon market participants of the stability of the state’s cap-and-trade system, citing “broad” support from the business community — including tech giant Microsoft and oil firm BP — and beyond, despite a November ballot initiative that looks to repeal the market.
Read MoreUS EPA weakens emissions standards in final light- and medium-duty vehicle regulations
The US Environmental Protection Agency (EPA) on Wednesday announced its emissions standards for passenger cars, light-duty trucks, and medium-duty vehicles effective as of model year 2027, seeing weakened targets relative to its first proposal, but still anticipated to avoid 7.2 billion tonnes of CO2 through 2055.
Read MoreUS market watchdog to soon finalise voluntary carbon credit trading guidelines
The US Commodity Futures Trading Commission (CFTC) is targetting this summer for a final version of its voluntary carbon guidelines, encouraging the public to report instances of fraud and manipulation as part of the agency’s efforts to support market credibility.
Read MoreUS federal agency eyes development of voluntary carbon offset standard
A US agency is looking to begin formal engagement with voluntary carbon market (VCM) participants this summer as part of its goal to enhance the quality and confidence of carbon removals, agency staff said Tuesday.
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