Emission Reduction

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Britain Promises up to $28.5 Bln for Carbon Capture Projects

(Reuters) – Britain will provide funding of up to 21.7 billion pounds ($28.5 billion) over 25 years to develop carbon capture and storage (CCS) projects to curb emissions from industry and create new jobs in northern England, the government said on Friday. Britain has a climate target to reach net zero emissions by 2050 and …

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Maersk Says Ocean Shipping’s Zero-Emissions Push Needs Government Support

(Reuters) – The Alette Maersk was the first container vessel powered by low-carbon methanol fuel to cross the Pacific Ocean – a milestone in the shipping industry’s effort to reduce its climate impact. But when the 1,148-foot (350-meter) vessel arrived at the Port of Los Angeles from China last week, there was nowhere in the …

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COMMENTARY: Where Can We Easily Reduce or Eliminate Oil & Natural Gas? – Yogi Schulz

We can reduce hydrocarbon consumption in many modest ways to materially mitigate GHG emissions and reduce consumer energy costs. This approach can be more successful than the loud clamouring of some environmentalists who want to eliminate burning fossil fuels to rapidly reduce greenhouse gas (GHG) emissions to address climate change. The federal government is pursuing …

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U.S. Offers $850 Million in Grants to Clean up Oil Sector Methane Emissions

(Reuters) – The U.S. government opened up on Friday competitive bidding that will close on Aug. 26 for $850 million in grants to help small oil and gas producers monitor and reduce methane from their operations, a major part of the Biden administration’s plan to crack down on leaks of the potent greenhouse gas. WHY …

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Canada Oil and Gas Emissions Cap Likely to Curtail Production, Report Says

Canada’s proposed oil and gas emissions cap will prompt companies to cut production rather than invest in costly carbon capture and storage (CCS) technology, according to a report by consultancy Deloitte and released by the Alberta government on Tuesday. Prime Minister Justin Trudeau’s Liberal government is developing regulations to force Canada’s highest-polluting sector to cut …

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Oil and Corn Groups Team Up Against Biden’s Tailpipe Emissions Rules

The top U.S. oil and corn industry lobby groups said on Tuesday they were suing the administration of President Joe Biden over its plans to slash planet-warming tailpipe emissions from cars and trucks, arguing the regulations will cause economic harm. The U.S. Environmental Protection Agency this spring finalized new rules for models of semi-trucks, buses …

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U.S. House Committee Report Finds Wall Street ‘Colluded’ to Curb Emissions

A U.S. congressional committee will accuse the biggest Wall Street firms on Tuesday, in a report seen by Reuters ahead of its publication, of colluding with advocacy groups to force companies to shrink their greenhouse gas emissions. The report is the first of its kind produced by the Republican-led Judiciary Committee in the House of …

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Environmental Groups to Sue Canada’s Suncor Over Colorado Refinery Emissions

The organizations, represented by environmental law non-profit Earthjustice, said they will bring a civil suit against Calgary-based Suncor over more than 1,000 emission violations that Earthjustice said Suncor reported to the state of Colorado between January 2019 and December 2023. Under the Clean Air Act, members of the public must give 60 days’ notice to …

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New Report Says Trudeau Government Targeted Emissions Cap Could Cost Canadian Oil and Gas Sector $75B in Lost Investment

CALGARY — A new report commissioned by an industry lobby group on the federal government’s proposed emissions cap stirred up strong reactions from both oil and gas supporters and environmental groups on Monday. The report, by S&P Global Commodity Insights, was commissioned by the Canadian Association of Petroleum Producers to examine the impact of various …

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Shell Investors Ok Weaker Emissions Targets at Meeting

Chief executive Wael Sawan said he’s “very pleased” with the result Bloomberg News “I’m very pleased with what we’ve got” in support from investors, Shell chief executive Wael Sawan said on the sidelines of the meeting in London. “And I’m pleased that we have seen the Follow This resolution, get an even lower share of …

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