DOJ evaluating court ruling on WCI linkage as lawyers anticipate appeal
The US Department of Justice (DOJ) is reviewing a federal court ruling last month that found the California-Quebec carbon market linkage did not violate the Constitution, with lawyers anticipating the government will file an appeal in the next month.
Read MoreCOVID-19 factors likely to lead to slower California offset issuances -sources
California Carbon Offset (CCO) issuances are expected to be slowed by various COVID-19 factors moving forward, with some protocols already experiencing those impacts in extended review timelines, sources said.
Read MoreOffset developer announces largest ever US reforestation project
A California-based project aims to be the largest ever US reforestation project on a single site, with the carbon offset credits produced by the initiative earmarked for the state’s cap-and-trade scheme.
Read MoreCalifornia refiner sales show rebounding fuel demand as in-state oil production drops
California refiners’ gasoline sales at retail stores rebounded in May to align with broader statewide trends, while declines in oil production accelerated during this spring’s price collapse, according to Energy Information Administration (EIA) data released this week.
Read MoreCOVID-19 impacts keep Massachusetts generators below GWSA limits
Massachusetts power generators remained significant below their annual Global Warming Solutions Act (GWSA) CO2 limits through the second quarter as power consumption continues to be impacted by the COVID-19 pandemic, according to RGGI CO2 Allowance Tracking System (COATS) data.
Read MoreBP eschews use of offsets before 2030 to meet its climate goal
Oil major BP does not plan on using offsets towards its voluntary climate goal through 2030, though it expects carbon credits to play a deeper role in its customer offering and for its own use in the longer term, the company said in its financial results on Tuesday.
Read MoreEnvironmental groups, Republicans take aim at newly passed Massachusetts climate bill
A Massachusetts House of Representatives’ climate bill that passed Friday is facing heavy criticism from environmental groups for not imposing more stringent goals, while a non-profit fiscal group admonished it as a backdoor to a future fuel sector cap-and-trade scheme.
Read MoreOil major may convert California refinery for LCFS, storage
Fuel supplier Marathon Petroleum is exploring options for converting an idling California refinery into a storage facility or a renewable diesel plant for the state’s Low Carbon Fuel Standard (LCFS).
Read MorePSEG’s decision to offload RGGI plants could impact future ETS prices
Public Service Enterprise Group’s (PSEG) decision last week to put its carbon-emitting sources across four power sector ETS member states up for sale could impact RGGI allowance prices, traders believe.
Read MoreBusiness groups challenge Oregon over carbon programme
Five trade associations filed a lawsuit on Friday claiming Oregon Governor Kate Brown (D) exceeded her authority by implementing a carbon reduction plan in targeted sectors and a more stringent clean fuels programme via executive authority earlier this year.
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