Oil 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 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 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.
Read MoreCDR MONTHLY: Market consolidates after SBTi update provides long-term boost
June saw the durable CDR market consolidate as developers digested an announcement from the Science Based Targets initiative’s (SBTi) that will see a demand boost in the long term, as monthly contracted tonnes fell to around 350,000 tonnes in deals.
Read MoreInvestment into GHG removal tech slumps 49% YoY in first half of 2026 -report
Investment into GHG capture technologies shrunk 49% year-on-year (YoY) in the first six months of 2026, finds a new report.
Read MoreBRIEFING: EU revamps pilot heat auction in test run for future Industrial Decarbonisation Bank
The European Commission is overhauling its pilot auction for industrial heat decarbonisation, after last year’s first round drew strong interest on paper but ended up using less than half of its €1 billion budget – a result Brussels now frames as a warning for the future EU Industrial Decarbonisation Bank.
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