Author: omc_admin

Entities must disclose absolute gross Scope 1, 2, and 3 emissions—material Scope 3 emissions are not optional. The Greenhouse Gas Protocol is central to measurement, but IFRS S2 requirements take precedence where conflicts arise. Disclosure of methodology, targets, and the use of carbon credits is required to support transparency and comparability. The IFRS Foundation has released educational guidance to clarify how companies should report greenhouse gas (GHG) emissions under IFRS S2 Climate-related Disclosures, enhancing investor visibility into transition risks and sustainability performance. “The objective of IFRS S2 is to require an entity to disclose information about its climate-related risks and…

This weekend, OPEC+ may debate boosting oil production in July by more than the 411,000-bpd monthly hikes it has announced for May and June, sources with knowledge of the discussions at the production group told Reuters on Friday.For two months now, OPEC+ has been pursuing a policy to unwind the production cuts by monthly volumes triple that of the original plans, and the eight countries doing the cuts have decided to boost May and June oil production by 411,000 barrels per day in each of the two months.The new OPEC+ strategy – largely considered to be in response to overproducing…

Strategic Capital Injection: APG’s investment enables SkyNRG to accelerate development of SAF production facilities in the Netherlands, Sweden, and the U.S. Global Market Signal: The €300M round, joined by Macquarie Asset Management, signals institutional confidence in SAF as a viable path to decarbonizing aviation. Carbon Impact: SAF sourced by SkyNRG reduces lifecycle emissions by over 80% versus fossil jet fuel, aligning with net-zero 2050 targets. APG, acting on behalf of Dutch pension fund ABP, is investing up to €250 million in SkyNRG, a leader in Sustainable Aviation Fuel (SAF), marking a pivotal move in the global push to decarbonize air…

Analysts have revised down their oil price forecasts for the third consecutive month as swelling OPEC+ supply and lingering uncertainty around the impact of trade disputes on fuel demand weigh on prices, a Reuters poll showed.A survey of 40 economists and analysts in May forecasts Brent crude will average $66.98 per barrel in 2025, down from April’s $68.98 forecast, while U.S. crude is seen at $63.35, below last month’s $65.08 estimate. Prices have averaged roughly $71.08 and $67.56 so far this year respectively, as per LSEG data. While tensions have somewhat eased between the U.S. and other trade partners, trade…

Europe’s largest: OMV’s 140 MW electrolyzer will be one of the biggest green hydrogen plants on the continent. Industrial decarbonization: Expected to cut CO₂ emissions by 150,000 tons annually, the plant will support sustainable fuel and chemical production. Strategic supply: The hydrogen output will supply OMV’s Schwechat refinery, enhancing energy security and transition readiness. OMV has committed to building one of Europe’s largest green hydrogen facilities—a 140 MW electrolyzer in Bruck an der Leitha, Lower Austria. The final investment decision, a mid-three-digit million-euro commitment, hinges on a positive outcome from the European and Austrian Hydrogen Bank auction. Slated to start…

Google and agtech solutions provider Arable announced a water replenishment-focused collaboration, with Google agreeing to fund projects to bring Arable’s efficient irrigation technology to farmers in North and South Carolina. According to the companies, Google plans to invest more than $4 million to fund the use of Arable’s technology on 20,000 acres, aimed at saving more than 500 million gallons (1.9 billion liters) over eight years. Founded in 2014, Arable enables data-driven decisions in agriculture and natural resource management to help improve agricultural sustainability and productivity. The company’s solutions integrate IoT technology, machine learning, and advanced modeling to convert in-field…

Strategic Offtakes: Meta and Microsoft sign long-term carbon credit agreements to support climate-smart forestry and secure price certainty. Nature-Based Returns: Climate Asset Management’s forest investment strategy promises measurable carbon removals, biodiversity gains, and financial yield. High-Integrity Standards Rise: Regulatory shifts and market evolution are driving demand for durable, high-quality carbon credits with co-benefits. As leading corporates move beyond operational decarbonization, they are turning to the voluntary carbon market (VCM) not only to offset hard-to-abate emissions but also to hedge against regulatory risks, direct capital into nature-positive projects, and showcase visible climate leadership. Meta and Microsoft are among the frontrunners, securing…

Volkswagen is planning to begin production of an EREV pickup truck and SUV under the Scout brand name starting in 2027.VolkswagenMajor automakers are set to resurrect a type of hybrid vehicle that seemed dead in the U.S. just a few years ago to meet a changing consumer demand landscape.Extended-range electric vehicles (EREVs) are a form of plug-in hybrid that falls midway between traditional hybrids and full EVs. EREV cars and trucks rely on battery powered motors for propulsion (like an EV) but also have a relatively small gas engine to use as a generator to keep the batteries charged up…

WASHINGTON— U.S. Secretary of Energy Chris Wright today announced the termination of 24 awards issued by the Office of Clean Energy Demonstrations (OCED) totaling over $3.7 billion in taxpayer-funded financial assistance. After a thorough and individualized financial review of each award, DOE found that these projects failed to advance the energy needs of the American people, were not economically viable and would not generate a positive return on investment of taxpayer dollars. Of the 24 awards cancelled, nearly 70% (16 of the 24 projects) were signed between Election Day and January 20th. The projects primarily include funding for carbon capture and sequestration…

New Delhi: Oil prices will hover around $65 per barrel as ample supplies are available in the market, Oil Minister Hardeep Singh Puri has said. “My sense is that with more supplies becoming available, prices will be close to $65, not $80 per barrel,” Puri told an industry gathering on Friday.International benchmark Brent has been oscillating between $60 and $66 for a month amid increasing supplies from the producer group OPEC+ and rising demand uncertainties due to the US tariff war.High spare production capacity is weighing on the oil market, Puri said. “Even when there are disruptions, the market knows…