California passes bill meant to prevent gas price hikes
The California State Senate passed a measure on Friday supported by Governor Gavin Newsom (D) intended to prevent spikes in fuel prices, despite concerns that a state agency will receive overly broad authority and savings at the pump won’t materialise for Californians.
Read MoreWCI Markets: CCA secondary market activity intensifies awaiting ARB next steps
Futures and options trade of California Carbon Allowances (CCA) surged across ICE and Nodal exchanges over the five day stretch as markets await programme updates, while muted activity in Washington Carbon Allowances (WCA) continued through the period.
Read MoreUS ELECTIONS PREVIEW: Next US administration to determine future path of domestic, international environmental policy focus
With under a month to US elections, Carbon Pulse’s North American team has sourced insights from a wide network of policy analysts and industry stakeholders on some of the key environmental issues potentially at stake depending on which candidate occupies the White House next year.
Read MoreUS DOE releases CO2 management strategy for remaining IIJA funding
The US Department of Energy (DOE) released a draft of its annual carbon management programme strategy on Thursday to show its pathways for deploying CO2 capture, transportation, conversion, and storage technology, as the agency looks toward allocating the remaining funding from the Infrastructure Investment and Jobs Act (IIJA).
Read MoreIndustry lawsuit challenges California ARB’s zero emissions regulations for medium- and heavy-duty vehicles
Two industry associations filed a lawsuit on Tuesday against California regulator ARB for its medium- and heavy-duty vehicles rules, alleging that the stricter emissions standards are unconstitutional.
Read MoreUS DOE announces $29 mln to fund 12 CCUS projects
The US Department of Energy (DOE) announced $29 million in funding for 12 carbon capture, utilisation, and storage (CCUS) projects on Wednesday.
Read MoreUS taps $104 mln for rural America clean energy programmes
The US Department of Agriculture (USDA) announced funding for anaerobic digesters, a biomass plant, and an ethanol production project as part of a large $104 million package of clean energy awards to spur economic development in rural areas.
Read MoreSCOTUS seeks input from US federal official on merit of fossil fuel lawsuits
The US Supreme Court is asking the Solicitor General to comment on a challenge from Alabama and 18 other conservative states trying to quash Democrat-led states’ lawsuits against oil and gas producers, according to a request made on Monday.
Read MoreWashington offers largest current year volumes for 2024 at Q4 sale amidst binary risk
Washington state’s Department of Ecology (ECY) will offer the most number of current year permits of all the auctions held in 2024 at its final sale in December, along with future vintage allowances despite the looming risk of programme repeal in November, according to a notice published by the agency on Friday.
Read MoreWCI Markets: ARB rulemaking update expectations drive up CCAs amidst inexplicable WCA rally
Anticipation for the next stage in ETS rulemaking lifted California Carbon Allowance (CCA) prices in the secondary market over the last five sessions, while the $10 rally over the last two weeks in Washington Carbon Allowances (WCAs) continues to confound traders.
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