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Net Zero Emission

Carbon Credit Use Could Curb Company Climate Action, Warns UK Advisers

The use of cheap carbon offsets by companies to meet net zero targets could curb their efforts to cut emissions and slow the delivery of climate goals.

United States

U.S. Power Use to Reach Record High in 2022 as Economy Grows, Weather Hotter -EIA

U.S. power consumption will rise to a record high in 2022 due to rising economic activity and hotter summer weather.

Oil Pipeline

Shell Investigates in Nigeria After Report of Nine-Year Oil Theft

Oil major Shell's Nigerian subsidiary is investigating reports that an illegal oil tap ran for nine years on a pipeline it operates, a spokesperson said on Wedn…

United States

U.S. Will Use SPR Barrels Responsibly Where It Makes Sense to Stabilize Markets -Official

The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adre…

Carbon Neutral

UK Professors Say Hemp Can Make Scotland’s Agricultural Sector Carbon-Neutral

Boosting hemp production in Scotland could bring “huge” environmental benefits to the agricultural sector, according to a new report.

United States

U.S. Oil Patch M&A in Q3 Tops $16 Bln, the Most This Year

Mergers and acquisitions in the U.S. oil patch accelerated to $16 billion in the third quarter, the most this year, although the nine-month total trails the yea…

LNG

Chevron Sees LNG Growth Opportunity in Europe on Strong Demand- Top Executive

U.S. oil major Chevron Corp expects high European prices for liquefied natural gas (LNG) to attract a majority of U.S. LNG exports in the short term, a top exec…

Switzerland

Swiss Pursue Home-Grown Energy Panacea - Reluctantly

Government wants to ramp up renewable energy output

Natural Gas

Gas Price Cap Deal Eludes EU Countries, for Now

The European Union will unveil proposals next week to launch joint gas buying within months and develop an alternative gas price benchmark.

Net Zero Emission

Canada's Watchdog Launches Investigation Into RBC Over Climate Complaints

Canada's Competition Bureau has launched an investigation into Royal Bank of Canada (RY.TO) over allegations that the country's largest lender had misled custom…

Carbon Emissions

Exxon Signs With Top Ammonia Maker as Its First Client for Decarbonization Business

Exxon Mobil Corp's fledging low carbon energy business on Wednesday struck its first commercial carbon storage deal under an effort to target a projected multi-…

Hydrogen Production

Goldman Sachs: Hydrogen Generation Could Grow Into $1 Trillion per Year Market

The EU plans to install 40 gigawatts of electrolyzers within its borders and support the development of another 40 gigawatts of green hydrogen in nearby countri…

Renewables Key to Resolving Energy Security, Climate Crises

Wind energy is one of the most competitive and mature technologies.

United Kingdom

UK Renewables and Nuclear Generators Face Windfall Tax as Government U-Turns Again

Westminster is trying to break the link between high gas prices and electricity revenue.

Pumped Storage

World’s Largest Capacity Pumped Storage Hydropower Project to Be Built in Queensland

An ambitious plan to build the world’s largest pumped storage hydropower project in terms of capacity has been announced by Queensland Premier, Annastacia Pala…