Author: omc_admin
CBAM Compliance Simplified: New automation tools enable accurate, auditable emissions reporting and EU-aligned submissions. Sustainability-Linked Planning: Enhanced analytics link ESG strategy to financial outcomes for smarter, forward-looking decision-making. AI-Driven Insights: Forecasting and detection capabilities powered by AI identify risks, optimize planning, and improve regulatory readiness. Wolters Kluwer has expanded its CCH® Tagetik ESG & Sustainability platform with two targeted solutions: one to support compliance with the EU’s Carbon Border Adjustment Mechanism (CBAM) and another to integrate ESG data into enterprise-wide planning and performance analytics. “Companies are seeking transformative technologies to enable them to predict, plan and act on both financial…
Santos has granted exclusive due diligence access for six weeks to the consortium led by Abu Dhabi’s ADNOC that has made an $18.7 billion non-binding takeover bid for the Australian energy giant. Santos, which earlier this month received – and plans to accept – the offer, has now entered into a process and exclusivity deed with XRG, a subsidiary of Abu Dhabi National Oil Company and lead investor of a consortium including Abu Dhabi Development Holding Company and Carlyle, the Australian gas giant said on Friday. The XRG Consortium has submitted a non-binding indicative proposal to acquire 100% of the issued shares…
Slovenia’s inaugural €1B sustainability-linked bond aligns with emissions-reduction goals set for 2030. Coupon rate adjusts based on success or failure to meet climate targets. Strong investor demand: order book exceeds €6.5B with broad international participation. Slovenia has launched its first sustainability-linked bond, raising €1 billion to support its environmental and climate objectives. The 10-year bond, maturing on 2 July 2035, carries a coupon rate of 3.125%. “This issuance demonstrates Slovenia’s commitment to developing the sustainable finance market and diversifying its investor base,” the Treasury said. It also reinforces Slovenia’s pledge to reduce greenhouse gas emissions in line with global climate…
Tudor advances its environmental and social sustainability goals with an expanded 2025 program. The Swiss watchmaker builds on its inaugural 2024 sustainability report to deepen ESG integration. Branding choices, such as the use of Flamingo Blue, symbolize Tudor’s long-term commitment to responsible production. Tudor is reinforcing its commitment to sustainability in 2025, expanding the environmental and social goals outlined in its first-ever sustainability report released last year. The 2024 report marked a strategic pivot for the Swiss watchmaker, detailing its early actions toward becoming “a force for good” in responsible watch production. With this momentum, Tudor is now evolving its…
Biofuels in focus: Eni and BMW will collaborate on the use of HVO biofuel in diesel engines, offering an immediate decarbonization solution. EV infrastructure boost: The partnership includes plans to expand BMW’s charging network via Plenitude’s On The Road hubs. Tech-neutral transition: The alliance emphasizes a multi-solution approach to support emissions targets in road transport. Eni and BMW Italia have signed a Letter of Intent to jointly accelerate the decarbonization of road transport through biofuels and electric mobility infrastructure. The partnership centers on Hydrotreated Vegetable Oil (HVO), a biofuel produced by Eni’s subsidiary Enilive from 100% renewable raw materials. Pure…
The European Council and Parliament have reached a provisional agreement on a proposal by the European Commission to extend a regulation requiring that natural gas storage facilities be at least 90 percent full before the winter season. The Gas Storage Regulation was adopted June 2022 at the height of the energy crisis as a cushion against shortages. It will expire at the end of 2025. The proposal seeks to extend it to 2027. “The agreement keeps the existing binding target of 90 percent of gas storage but provides flexibility to reach it anytime between 1 October and 1 December instead of…
Glenfarne Alaska LNG LLC said that Thailand’s PTT Public Company Limited has signed a cooperation agreement for strategic participation in the Alaska LNG project. The cooperation agreement defines the process for Alaska LNG and PTT to move toward definitive agreements for partnership on Alaska LNG, including long-term liquefied natural gas (LNG) offtake. The agreement includes the potential procurement of 2 million metric tons per annum (mtpa) of LNG from Alaska LNG over a 20-year term, Glenfarne said in a statement. “Glenfarne and Alaska LNG are pleased that PTT and the Thai government have realized the strategic security, cost, and stability…
At 11:38 GMT, Light Crude Oil Futures are trading $65.54, up $0.30 or +0.46%. OPEC+ Meeting in Focus as Geopolitical Premiums Fade Oil prices are on track for their steepest weekly decline in over two years, falling around 12%, as markets discount the risk premium tied to the Iran-Israel conflict following last week’s ceasefire. Brent, which briefly topped $80 per barrel during the conflict, has retreated sharply to $67 as traders pivot back to supply-demand fundamentals. Attention now shifts to the upcoming OPEC+ meeting on July 6, where members will decide on August production targets. Analysts at Rystad Energy highlight…
In its latest gasoline fuel update, which was released this week, the U.S. Energy Information Administration (EIA) showed an increasing price trend for U.S. regular gasoline. The update highlighted that the U.S. regular gasoline price averaged $3.108 per gallon on June 9, $3.139 per gallon on June 16, and $3.213 per gallon on June 23. The June 23 price was $0.225 less than the year ago price, the update outlined. Of the five Petroleum Administration for Defense District (PADD) regions highlighted in the EIA’s latest fuel update, the West Coast was shown to have the highest regular gasoline price as of…
4-Louise Composite: AP / Guardian DesignFor more than 20 years, Louise Sime has worked at the British Antarctic Survey specialising in polar climate dynamics. She uses ice cores to reconstruct past conditions and predict future changes. She now leads several international Earth modelling projects.Why are the Arctic and Antarctic regions important for the rest of the world?They are one of the pillars of global climate stability, a giant store of frozen water, an essential “biotic pump” that helps to store carbon, and an albedo shield that reflects much of the sun’s light and heat back out to space.Louise Sime says…