California gasoline consumption declines at slower pace in June as diesel sales hit year high
California gasoline consumption continued its year-over-year decline -albeit at a slower pace – in June while diesel sales reached their highest levels of the year, state data published this week showed.
Read MoreAlberta TIER emissions rise as usage of offsets, EPCs for compliance reaches all-time high in 2023
Higher emissions in 2023 under Alberta’s Technology Innovation and Emission Reduction (TIER) programme resulted in increased usage of offsets and emission performance credits (EPCs), according to a compliance report published Monday.
Read MorePennsylvania Senate votes to repeal RGGI regulation
Pennsylvania’s Republican-majority Senate voted along party lines Tuesday to repeal the state’s RGGI regulation, and the proposal will now be sent to the Democrat-controlled House of Representatives.
Read MoreUS-based steel producer walks back comments wavering on low-carbon production project, $500 mln grant
The CEO of an Ohio-based steel producer said his company is considering whether to advance a low-carbon steel project that involves a $500 million grant from the US Department of Energy (DOE), although the firm has since reiterated its commitment to the project.
Read MoreRGGI Market: RGAs slump 15% as compliance demand recedes
RGGI Allowance (RGA) prices plummeted nearly 15% over the past week as strong compliance demand through the summer begins to dry up heading into ‘shoulder’ season.
Read MoreUS SEC disbands climate and ESG enforcement task force
The US Securities and Exchange Commission (SEC) has disbanded its Enforcement Division’s Climate and ESG Task Force.
Read MoreUS Democrats introduce legislation for carbon scoring, penalties for fossil fuel firms
Democrats in the US Congress introduced separate bills on Thursday that would require analysis of the effects on emissions from legislative proposals and charge fossil fuel companies for their historic CO2 output.
Read MoreBrazilian national development bank launches $180 mln credit line for forestry investments
The national development of Brazil announced Thursday the launch a R$1 billion ($180 million) credit programme aimed investments in forestry activities that promote native vegetation and capture CO2 from the atmosphere.
Read MoreCanadian CDR firm receives C$2.5 mln investment from major banks
A Canadian carbon removals (CDR) company announced Thursday it has received C$2.5 million ($1.8 mln) from two major banks.
Read MoreDAC developer signs $3 mln engineering agreement for Louisiana project
A direct air capture (DAC) developer on Wednesday announced a $3 million phased commercial agreement with global partners to launch engineering studies and potentially supply CO2 removal (CDR) credits from a Louisiana project.
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