UPDATE – Exxon affiliate invests C$720 mln in Canada’s largest renewable diesel project

Published 18:33 on January 26, 2023  /  Last updated at 21:39 on January 26, 2023  / /  Americas, Canada, RINs & LCFS

The Canadian affiliate of oil major ExxonMobil on Thursday announced a C$720 mln ($539 mln) investment in a renewable diesel facility that will lower emissions under both provincial and federal low-carbon fuel standards.

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ClimeCo to expand global nature-based portfolio with forest carbon developer acquisition

Published 22:26 on January 25, 2023  /  Last updated at 22:33 on January 25, 2023  / /  Americas, Nature-based, US, Voluntary

Environmental services firm ClimeCo on Wednesday announced it has acquired a forest carbon developer and modelling firm that will help the US-based company expand its portfolio of overseas nature-based offset projects.

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Climate tech firm claims initial success of its REDD+ dynamic baseline method

Published 20:39 on January 25, 2023  /  Last updated at 20:39 on January 25, 2023  / /  Americas, Nature-based, South & Central, US, Voluntary

A US-based climate tech firm on Wednesday said it has initially validated a dynamic baseline that ensures REDD+ offsets equate to real emissions reductions, in what the company argues is a possible solution to over-crediting controversies that have reverberated through the voluntary carbon market in recent days.

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CORRECTION: US Nuclear Regulatory Commission declines initial request to resume review of California’s Diablo Canyon reactors

Published 21:54 on January 24, 2023  /  Last updated at 23:01 on January 24, 2023  / /  Americas, Canada, US

A US government agency on Tuesday rejected a request from the operator of California’s Diablo Canyon Power Plant to reopen an earlier application that would extend the facility’s lifespan, saying that the nuclear energy installation had not submitted the information necessary to proceed with a review.

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UPDATE – US-based investment firm nets over $100 million for global carbon allowance fund

Published 19:14 on January 23, 2023  /  Last updated at 19:56 on January 23, 2023  / /  Americas, Canada, EMEA, EU ETS, UK ETS, US

A New York-headquartered asset manager substantially ramped up its sales over the last 12 months in a fund that invests in compliance carbon markets worldwide, according to a filing submitted to the US Securities and Exchange Commission (SEC) on Friday.

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US Carbon Markets and LCFS Roundup for week ending January 20, 2023

Published 21:46 on January 20, 2023  /  Last updated at 22:37 on January 20, 2023  / /  Americas, RINs & LCFS, US

A summary of legislative, regulatory, and policy action on carbon and clean fuel standard markets at the US federal and subnational levels this week, including a Pennsylvania Senate letter to new Governor Josh Shapiro (D) regarding the state’s RGGI-aligned cap-and-trade regulation.

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Brazilian metals and mineral company agrees long-term offtake for REDD+ offsets

Published 23:16 on January 19, 2023  /  Last updated at 23:16 on January 19, 2023  / /  Americas, Nature-based, South & Central, Voluntary

A Brazilian mining company on Wednesday announced it has entered into a contract to purchase carbon credits over the remainder of the decade from an Amazonian REDD+ project.

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California fuel sector emissions still tracking beneath 2021 levels after October sales

Published 23:12 on January 19, 2023  /  Last updated at 23:12 on January 19, 2023  / /  Americas, Canada, US

Gasoline sales in California for October climbed slightly after last month’s drop but stayed below historic levels, while diesel consumption declined considerably, according to state data released Wednesday.

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Tokyo Gas subsidiary invests in US direct air capture company, eyes Japanese deployment

Published 21:15 on January 19, 2023  /  Last updated at 21:15 on January 19, 2023  / /  Americas, Asia Pacific, Japan, US, Voluntary

Tokyo Gas on Thursday announced one of its California-based subsidiaries has invested in a direct air capture (DAC) firm, and will seek to collaborate on deploying the technology in Japan.

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Alberta TIER amendments will decimate credit bank without CCUS -analysis

Published 22:20 on January 18, 2023  /  Last updated at 22:27 on January 18, 2023  / /  Americas, Canada

New amendments to Alberta’s Technology Innovation and Emissions Reduction (TIER) regime will cause the programme’s credit bank to plunge 75% over the rest of the decade in the absence of significant carbon capture, utilisation, and storage (CCUS) uptake, analysts said in a recent report.

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