Ons

CCS

World’s Biggest Carbon Capture Project: Shute Creek’s “Sell or Vent” Business Model Isn’t Working

Delving into the world’s largest carbon capture project, ExxonMobil’s Shute Creek CCUS facility, reveals a highly questionable technology.

Carbon Emissions

$11 Million for West Australia Clean Energy Initiatives

The Western Australian Government has dedicated $11 million for seven innovative clean energy projects through the second round of its Clean Energy Future Fund …

CNOOC

China's CNOOC to Raise up to $5.08 Billion From Share Issue

Chinese oil giant CNOOC Ltd said on Monday it will raise between 28.08 billion yuan and 32.29 billion yuan ($4.41 billion to $5.08 billion) by issuing new share…

Iran

US ‘Imposing New Conditions’ in Nuclear Talks, Says Iran

Iran’s foreign minister said Sunday that Washington is “imposing new conditions” in the negotiations to restore the 2015 nuclear agreement.

Net Zero Emission

Ukraine Crisis and Inflation Weigh on ESG Investment Funds

Investment flows to ethical funds fall to $75bn in Q1 amid a sharp drop in risk appetite, IIF says.

Carbon Emissions

EU to Fund Bulgaria’s €6.3bn Recovery Plan

The European Commission has approved Bulgaria’s latest recovery and resilience plan, providing €6.3 billion in grants.

Malaysia

Malaysia’s TNB Acquires 97.3MW Wind Portfolio in UK

Malaysia-based Tenaga Nasional Berhad’s (TNB) wholly-owned subsidiary, Vantage RE Ltd., acquired a 100% stake in a 97.3-megawatt (MW) onshore wind portfolio in…

Philippines

Philippines to Speed up Decarbonisation of Power Sector

The Philippines is expected to accelerate the decarbonisation of its energy sector amidst increasing investor interest and rapidly expanding project pipeline, F…

Carbon Emissions

Steelmaker Uses Green Hydrogen to Cut Carbon Emissions

For hundreds of years, raging blast furnaces — fed with coking coal — have forged steel used in cars, railways, bridges and skyscrapers.

Carbon Emissions

Methane Emissions Surged by a Record Amount in 2021, NOAA Says

Global methane emissions jumped by a record amount in 2021, U.S. National Oceanic and Atmospheric Administration said Thursday.

Coal Trade

Germany Will Need Full Transition Period to Ban Russian Coal

Germany will need to use the full four-month phase-out period to implement a ban on Russian coal under European Union sanctions, Chancellor Olaf Scholz said on …

Energy Transition

As G20 Chair, Coal-Heavy Indonesia Sends Mixed Signals on Green Transition

Indonesia is using its stint as G20 president to push for more international funding for the green energy transition in developing nations.

Floating Solar Project

Nigeria and the Netherlands to Join Forces on Renewable Energy

The Netherlands have hosted a delegation of entrepreneurs and senior government officials from Nigeria, to discuss collaborations in areas including the circula…

Hydrogen Project

Global Low-Carbon Hydrogen Market 'Needs $600 Billion of Investment by 2050'

An investment of about $600 billion in low-carbon hydrogen will be required by 2050 to meet rising demand as the world focuses on cutting emissions to limit glo…

Hydrogen Production

Shell, Mitsubishi Wind Power Consortium to Produce 'Green Hydrogen'

Japan's Mitsubishi Corp and Shell Plc aim to produce 400,000 tonnes of "green hydrogen" in 2030 through the companies' European offshore wind power project, the…