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DOJ evaluating court ruling on WCI linkage as lawyers anticipate appeal

Published 22:04 on August 5, 2020  /  Last updated at 22:04 on August 5, 2020  /  Americas, Canada, US  /  No Comments

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.

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COVID-19 factors likely to lead to slower California offset issuances -sources

Published 19:14 on August 5, 2020  /  Last updated at 22:15 on August 5, 2020  /  Americas, Canada, US  /  No Comments

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.

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Offset developer announces largest ever US reforestation project

Published 01:04 on August 5, 2020  /  Last updated at 19:18 on August 5, 2020  /  Americas, Canada, US  /  No Comments

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.

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California refiner sales show rebounding fuel demand as in-state oil production drops

Published 00:57 on August 5, 2020  /  Last updated at 00:57 on August 5, 2020  /  Americas, Canada, US  /  No Comments

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.

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COVID-19 impacts keep Massachusetts generators below GWSA limits

Published 16:50 on August 4, 2020  /  Last updated at 16:50 on August 4, 2020  /  Americas, US  /  No Comments

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.

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BP eschews use of offsets before 2030 to meet its climate goal

Published 13:43 on August 4, 2020  /  Last updated at 23:52 on August 4, 2020  /  Americas, Canada, EMEA, International, REDD, US, Voluntary Market  /  No Comments

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.

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Environmental groups, Republicans take aim at newly passed Massachusetts climate bill

Published 00:03 on August 4, 2020  /  Last updated at 00:03 on August 4, 2020  /  Americas, US  /  No Comments

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.

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Oil major may convert California refinery for LCFS, storage

Published 21:52 on August 3, 2020  /  Last updated at 16:05 on August 10, 2020  /  Americas, Canada, RINs & LCFS, US  /  No Comments

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).

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PSEG’s decision to offload RGGI plants could impact future ETS prices

Published 21:08 on August 3, 2020  /  Last updated at 21:08 on August 3, 2020  /  Americas, US  /  No Comments

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.

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Business groups challenge Oregon over carbon programme

Published 15:35 on August 3, 2020  /  Last updated at 18:34 on August 3, 2020  /  Americas, Canada, US  /  No Comments

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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