Oil well plugging company sells 104K carbon credits for Texas project
A carbon project developer focused on methane abatement announced on Thursday the sale of some 103,750 carbon credits from its Texan oil well plugging project.
Read MoreOil and gas companies detail methodology ahead of 2025 emissions results
A group of 12 oil and gas majors has Tuesday published the methodology it will use to report members’ aggregated performance against their collective 2025 carbon and methane intensity ambitions, with the results due in October.
Read MoreVerra opens consultation on cookstove methodology revision
Verra opened a one-month public consultation process on Thursday for a major revision of its cookstove methodology in its Verified Carbon Standard (VCS) programme.
Read MoreCarbon removal buyers beyond Microsoft accelerate activity in Q2 -report
Carbon removal (CDR) buyers apart from Microsoft committed to a record-high volume of quarterly purchases, according to analysis published by a CDR portfolio manager on Thursday.
Read MoreMicrosoft emissions jump 25% as AI buildout accelerates, but tech giant reiterates carbon removals commitment
Microsoft’s greenhouse gas output rose 25% in fiscal year 2025 as the rapid expansion of AI infrastructure drove higher emissions across its value chain, but the technology giant reiterated its commitment to become carbon negative by 2030 through a combination of operational decarbonisation and one of the world’s largest CO2 removal (CDR) procurement programmes.
Read MoreCanada sustainable finance taxonomy draft carves out future abatement category for fossil fuel emissions cuts
Canada’s sustainable finance taxonomy would include a separate category for select oil and gas emissions-reduction investments, setting up a later fight over guardrails for fossil fuel-related projects seeking climate-aligned finance, according to a draft published this week.
Read MoreCarbon capture partnership targets modular design to cut industrial deployment complexity
A US carbon capture technology developer and a Danish thermal systems engineering company have agreed to standardise molten salt tank systems, aiming to make carbon capture projects more modular and easier to deploy for heavy industry.
Read MoreFEATURE: EU weighs central purchasing authority for carbon removals in ETS
The European Commission is weighing the creation of a central purchasing authority for carbon removal units entering the EU Emissions Trading System (EU ETS), a move supported by environmentalists, but which also has drawbacks.
Read MoreResearchers propose new framework to classify carbon credits by mechanism rather than project type
A group of German researchers has proposed a new framework for classifying carbon offset projects based on the underlying mechanisms by which they reduce or remove greenhouse gases, arguing that existing taxonomies obscure important differences in project quality and accounting approaches while lumping together fundamentally different activities.
Read MoreDrax biomass power plant was the UK’s largest emitter for 11th year running
The UK’s largest biomass power plant – the Drax biomass station – was the country’s heaviest emitter for the 11th year running in 2025, with record emissions of 14.1 million tonnes of CO2e, according to analysis by a think tank.
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