Nickel 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.
Read MoreUS funding package includes $1 bln for forest restoration, conservation
The roughly $100 billion continuing resolution passed by Congress and signed into law last week includes over $1 bln in emergency forest conservation and restoration funding for private forest owners impacted by natural disasters.
Read More2025 to be year of uncertainty for energy markets -outlook report
An outlook report indicates that 2025 will be a year marked by more uncertainty for energy markets than any year since the pandemic as conflicts in Ukraine and Gaza remain unresolved and geopolitical rivalry between China and the West ratchets up.
Read MoreUS renewable fuels producer to retire 19 mln RINs as part of bankruptcy settlement
A Texas-based renewable fuels company has reached a settlement in its ongoing bankruptcy case with the US government, agreeing to retire nearly 19 million Renewable Identification Numbers (RINs) to meet its previous obligations.
Read MoreCFTC: Both producers and managed money dilute V25s across WCI, RGGI carbon markets
Producers and managed money narrowed their California Carbon Allowance (CCA) and RGGI Allowance (RGA) net V25 length, even as the groups continued to build their open interest (OI) in the vintage year across both markets, data released Friday from the US Commodity Futures Trading Commission (CFTC) showed.
Read MoreUS DOE awards $200 mln for carbon recycling in ethylene production
The DOE has awarded $200 million to an ethylene plant slated for the US Gulf Coast that is expected to demonstrate a carbon capture technology in an ethylene production process, the companies announced.
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