Author: omc_admin

This week in ESG news: JPMorgan buys carbon removal for under $200/ton; Meta, Google sign large-scale renewable energy deals to power data centers; France joins call to scrap EU’s supply chain sustainability law; Lululemon hires former Nike CSO as new sustainability chief; PepsiCo pushes back climate and sustainable packaging goals; EU Parliament agrees to exempt most companies from CBAM import carbon tax; Microsoft signs largest-ever biochar carbon removal deal; La Banque Postal launches ESG offerings across is savings and investment lineup; FedEx buys sustainable aviation fuel for LAX; Trump reverses halt on major New York windfarm; Carlyle launches new renewables…

Elon Musk dreams of Tesla’s Optimus robots working in huge numbers in factories — but not everyone is convinced.Chris Walti, the former team lead for Tesla’s robot, told Business Insider that humanoid robots like Optimus were the wrong option for factory work.Walti told BI that, although humanoid robots were a fascinating technology with enormous potential, human-shaped ones would be less effective in warehouses, logistics, and manufacturing.”It’s not a useful form factor. Most of the work that has to be done in industry is highly repetitive tasks where velocity is key,” said Walti, who built the development team for Optimus.Shortly after…

The Kerala State Disaster Management Authority (KSDMA) on Saturday said that dangerous cargo, including oil, has fallen into the Arabian Sea off the Kerala coast and cautioned the general public against touching the containers if they wash ashore. KSDMA member secretary Sekhar Kuriakose, in a voice note shared with reporters, said that the information about the dangerous cargo falling into the sea was received from the coast guard. “There is a chance the cargo, including containers and oil, will wash ashore. The public, if they see such cargo, should not go near it or touch it and should inform the…

ONGC has announced significant oil and gas discoveries in the Mumbai Offshore basin.(Representative image)State-owned Oil and Natural Gas Corporation (ONGC) has made promising offshore oil and gas discoveries in the Mumbai Offshore basin that could help augment production in the near future. The discoveries have been made in blocks awarded under the Open Acreage Licensing Policy (OALP) regime, the state-owned firm said in its fourth-quarter earnings statement. The discoveries, which have been named Suryamani and Vajramani, were made in OALP-VI block MB-OSHP-2020/2 and OALP-III block MB-OSHP- 2018/1, both in the offshore Mumbai basin. Exploratory well MBS202HAA-1 on Block MB-OSHP-2020/2 flowed…

Elon Musk had been the face of President Donald Trump’s efforts to reduce the size of government.More recently, however, the billionaire has said he intends to return his focus to the companies that helped make him the world’s richest man.”Back to spending 24/7 at work and sleeping in conference/server/factory rooms,” Musk said in a post on his social media platform, X, on Saturday. The site had just grappled with widespread outages. “I must be super focused on 𝕏/xAI and Tesla (plus Starship launch next week), as we have critical technologies rolling out.”The comment followed a similar statement Musk made last…

People should confront their family members who read news from “nefarious” sources, suggests the environmentalist Mike Berners-Lee.“Challenge your friends and family and colleagues who are getting their information from sources that have got nefarious roots or a track record of being careless – or worse – with the truth, because we need to make this sort of thing socially embarrassing to be involved in,” said Berners-Lee, the brother of the World Wide Web inventor Tim Berners-Lee.Speaking at Hay festival on Saturday about his most recent book, A Climate of Truth, the writer encouraged people to ask themselves “really discerning questions”…

The recent aerial confrontation between India and Pakistan was not just a passing skirmish—it was a stark indicator of shifting power dynamics in South Asia. This analysis examines India’s growing vulnerabilities and proposes robust, specific measures to reassert its military superiority, especially given Pakistan’s increasing reliance on advanced Chinese military technology. Catalyst of Crisis: The Pahalgam Massacre On April 22, 2025, a brutal terrorist attack unfolded near Pahalgam, in the Indian-administered Jammu and Kashmir region. Militants emerged from dense forests and ambushed civilian tourists, killing 26 individuals—mostly Hindus—based solely on religious identity. It was the deadliest terror incident in the…

Solar power CEOs believed the billions of dollars that they invested in Republican congressional districts would ultimately shield their industry from President Donald Trump’s threats to end federal support for renewable energy.But they may have been disastrously wrong. The tax bill that House Republicans passed this week is a “worse than feared scenario” for solar, analysts at the investment bank Jefferies told clients in a note.The legislation would terminate key tax credits that have supported the industry’s growth, triggering a broad sell-off of solar stocks on Thursday. The bill does still have to pass the Senate, where Jefferies expects the…

Australia Pacific LNG agreed to cut the price of liquefied natural gas sold under a major contract with China’s Sinopec. The price review resulted in a reduction in the oil-linked contract slope from Jan. 1, 2025, Origin Energy Ltd. — which holds a 27.5% stake in the export project, said Friday. The Sydney-based company sees a reduction in its underlying earnings from the Australia Pacific LNG plant of A$55 million ($35 million) in the six months through June 2025. Outside of the US, most of the LNG sold under long-term contracts is linked to prices for crude. Origin in October…

Teens should consider learning AI tools now or risk falling behind, Google DeepMind CEO Demis Hassabis says.Just as millennials had the internet and personal computers and Gen Z had smartphones and tablets, generative AI is the transformative technology of Gen Alpha’s time — and they should embrace it, the AI leader said on a recent episode of “Hard Fork,” a podcast about the future of technology.”Over the next 5 to 10 years, I think we’re going to find what normally happens with big new technology shifts, which is that some jobs get disrupted,” he told co-hosts Kevin Roose and Casey…