California refinery to close next year, citing ‘market dynamics’
An oil refinery in the Los Angeles area is set to shutter in Q4 2025, less than a week after California’s legislature approved controversial fuel supply minimums for in-state refiners, according to a company announcement on Wednesday.
Read MoreSCOTUS denies emergency stay of power plant emissions standards
The US Supreme Court issued a decision on Wednesday denying the applications of Republican states, power companies, and industry groups to stay federal laws restricting CO2 emissions from power plants.
Read MoreCleantech startup raises $5 mln for DAC in Kenya
A cleantech startup has raised $5 million to build a direct air capture (DAC) facility in the Great Rift Valley of Kenya, which is expected to launch in December.
Read MoreIRA funding expected to add $238 bln to US GDP in first 2 years -report
In the first two years since its implementation, the Inflation Reduction Act (IRA) is expected to add $237.5 billion to the US gross domestic product (GDP), an industry group modelled Tuesday.
Read MoreConservation group to launch US nature-based carbon credit auction in 2025
A national conservation group announced on Tuesday plans to hold its first auction for nature-based carbon credits in February 2025 – the first of its kind in the US, according to their statement.
Read MoreUS EPA challenges that power plant rules can allow coal, gas plants to continue with CCS
The US Environmental Protection Agency (EPA) denied Republican states’ allegations that its latest power plant emissions rules will impact grid reliability, the agency told a US federal appeals court in a filing on Friday.
Read MoreCanada must harmonise carbon markets to reduce compliance costs, channel more decarbonisation investments -report
A Canadian research group published on Wednesday a report tracking carbon pricing in the nation, highlighting pathways to harmonise its nine industrial carbon markets, in order to remove interprovincial trade barriers and reduce compliance costs.
Read MoreCalifornia 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.
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