Emission Reduction

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

Conventional Energy, Emission Reduction, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

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

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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

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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

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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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Global Carbon Emissions Pricing Raised Record $104 Billion in 2023

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Countries raised a record $104 billion last year by charging firms for emitting carbon dioxide, but prices remain too low to drive changes needed to meet Paris climate accord targets, the World Bank said in a report on Tuesday. Several countries are using a price on carbon emissions to help meet their climate goals by …

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How the Shipping Industry Is Trying to Cut Its Billion Tons of CO2 Emissions

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Shipping’s global regulator is pushing the industry to achieve net zero greenhouse gas emissions by mid-century. Getting there will mean transforming a sector that’s still largely powered by fossil fuels and accounts for about 3% of human-made carbon dioxide. 1. What’s the current state of play? Shipping carries more than 80% of world trade and in total emitted more …

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U.S. Awards Record $6 Bln to Back Industrial Emissions Reduction Projects

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(Reuters) – The U.S. Energy Department on Monday announced $6 billion in federal funding to subsidize 33 industrial projects in 20 states to cut carbon emissions, saying the investment would support well-paying union jobs and boost U.S. competitiveness. Energy Secretary Jennifer Granholm will unveil the awards during a visit to a Cleveland-Cliffs Steel Corp facility in …

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U.S. Senator Joe Manchin Vows Infrastructure Permitting Reform Will Pass

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(Reuters) – U.S. Senator Joe Manchin on Monday told energy executives that legislation reforming infrastructure permitting “will get done.” The legislation is his senate energy committee’s top issue, he said to a packed audience at the CERAWeek energy conference. “We are doing everything we can” to get permitting reform passed, said Manchin, who also spoke …

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Baker Hughes’ Emissions Abatement Technology Enables bp to Achieve Flare Emissions Monitoring Breakthrough

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bp is using Baker Hughes’ flare.IQ technology to quantify methane slip emissions from its flaring operations Enhancing the accuracy of monitoring helps bp to reduce emissions from flaring Baker Hughes flare.IQ successfully implemented in multiple regions HOUSTON and LONDON, March 14, 2024 (GLOBE NEWSWIRE) —  Baker Hughes (NASDAQ: BKR), an energy technology company, has announced …

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Shell Weakens 2030 Carbon Emissions Reduction Target 

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Shell weakens 2030 carbon emissions reduction target Summary Shell scales back 2030 emissions target Scraps 2035 target Introduces target to cut emissions from oil product sales (Reuters) – Shell   weakened its 2030 carbon reduction target and scrapped a 2035 objective, citing expectations for lower power sales and strong demand for gas in the energy transition …

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