CFTC: Specs trim carbon risk amid early year macro weakness
Producers added length while speculators took a step back from California Carbon Allowance (CCA), RGGI Allowance (RGA) holdings, while both groups made significant reductions to their Low Carbon Fuel Standard (LCFS) net length into start of year macro market weakness, according to delayed data released Monday from the US Commodity Futures Trading Commission (CFTC).
Read MoreUS EPA reports $78 bln of IRA, BIL funding appropriated since 2022
The US EPA provided the financial status Monday of more than 70 programmes funded by about $78 billion from the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA).
Read MoreSCOTUS declines review of Hawaii supreme court decision in oil and gas lawsuits
The US Supreme Court declined two oil and gas companies’ requests for the country’s highest court to review a Hawaii Supreme Court decision that allowed lawsuits seeking alleged climate-related damages to proceed.
Read MoreNew Mexico’s clean transportation fuel programme expected to begin in Q4
New Mexico state officials are expected to wrap up rulemaking on the state’s new Clean Transportation Fuel Standard (CTFS) and kick off the programme’s first compliance period in Q4 2025, state officials said Thursday.
Read MoreUS Forest Service ends rulemaking on old-growth forest preservation
The US Forest Service has withdrawn a proposal that was designed to help safeguard old-growth forests and conserve their carbon sink capacity, drawing cheers from some Republican members of Congress preferring local management of resources.
Read MoreNickel mining has much larger carbon footprint than previously estimated -study
The carbon footprint associated with the precious metal should factor in biomass loss from nickel mining operations into emissions reports, which would show a larger and more accurate impact, according to a new study.
Read MoreCalifornia oil and gas company greenlights state’s first CCS project
A California fossil fuel producer announced Monday that it will be moving forward with constructing the state’s first carbon capture and storage (CCS) project in a depleted oil and gas field, despite an unresolved legal challenge from environmental groups aiming to block the initiative.
Read MoreCFTC: Producers increase net length across CCA, RGA to wrap up 2024
Producers built their net length for both California Carbon Allowance (CCA) and RGGI Allowance (RGA) holdings at the end of 2024, while managed money closed out V24 RGA short positions, data released Monday from the US Commodity Futures Trading Commission (CFTC) showed.
Read MoreUS biodiesel, renewable diesel set for prosperous year after 2024 growth
The US is slated to have surpassed 5 billion gallons of biodiesel and renewable diesel (RD) consumption in 2024, and that momentum is expected to carry into 2025 as sectors continue adopting green fuels.
Read MoreSeveral countries to use international carbon markets to achieve Paris goals, while others keep options open
A handful of mostly developing countries said they intend to use the Article 6 carbon markets to help finance their Paris Agreement climate plans by 2030 — or are keeping open the option to do so, according to the first round of transparency reports to be submitted to the UN every two years.
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