Author: omc_admin

The Interior Department has retracted a stop order against Empire Wind, allowing Equinor ASA to resume construction of the project’s first phase, which is expected to power 500,000 homes in New York. Anders Opedal, president and chief executive of the Norwegian majority state-owned energy major, said in an online statement it took a collective campaign by the company, New York officials, lawmakers in both chambers, labor groups, senior Norwegian government officials including the finance minister, and other advocates to convince the Trump administration to take back the April 16 order. “Equinor will perform an updated assessment of the project economics…

Microsoft announced the launch of new solutions and capabilities aimed at enabling users of its Azure cloud computing platform to take sustainability considerations into account in their cloud migration plans, and to manage and reduce the carbon footprint of their cloud usage. The new product announcements include the incorporation of sustainability considerations into Azure Migrate, the company’s service aimed at helping IT infrastructure teams, cloud architects, and project managers to analyze factors when considering their organizations’ migration to the cloud. Currently in public preview, the new capabilities add carbon emissions analysis to the migration assessment business case, enabling users to…

Pioneering biodiversity finance: First Brazilian restoration project to receive a biodiversity label, earning S&P Global’s highest “Dark Green” rating. Transformational funding model: R$ 80M disbursed via BNDES’s Climate Fund, enabled by Bradesco’s private guarantee and ESG advisory. Scalable nature-based solution: Supports 16,000+ hectares of restoration in the Amazon and Atlantic Forests, reinforcing Brazil’s emerging climate economy. re.green, a Brazilian ecological restoration firm, has secured R$ 80 million in funding from BNDES’s Climate Fund in a first-of-its-kind deal that combines financial innovation with environmental leadership. This marks the first biodiversity-labeled forest restoration project in Brazil, with S&P Global Ratings awarding it…

Brent Technical Analysis Brent markets initially rallied as well, but just like in the other contract, we gave up the gains once we got above the 50 day EMA. This is a market that I think continues to see a lot of noise, somewhere between the $60 level and possibly the $68 level, most certainly $70. So, with that, I think we’ve got a situation where markets are just trying to sort out where to go next. I do think that if we can break this $68 level, then we’ll start to work our way higher, but we’ll have to…

$90M+ Investment: JPMorganChase will buy 450,000 mtCO₂e over 13 years at < $200/ton—one of the lowest rates for engineered CDR to date. Industry Revitalization: The agreement supports a scalable retrofit model for U.S. pulp and paper mills, opening a multi-billion-dollar market for biogenic CO₂ removal. High-Quality CDR at Scale: CO280’s projects are third-party verified, offering permanent carbon removal aligned with top MRV standards. JPMorganChase has signed a carbon dioxide removal (CDR) offtake agreement with CO280, marking a major investment in scalable, low-cost engineered carbon removal from the U.S. pulp and paper industry. The bank will purchase 450,000 metric tons of…

Microsoft to purchase up to 700,000 nature-based carbon credits through 2035 from CAM’s forestry project in Washington State. CAM’s climate-smart forestry initiative expected to generate over one million tonnes of carbon removals in the next decade. Long-term offtake deal de-risks investment, blending traditional forestry revenue with carbon markets and community partnerships. Microsoft has finalized a multi-year agreement to purchase nature-based carbon removal credits from Climate Asset Management (CAM), supporting its goal to become carbon negative by 2030. The deal — arranged by EFM, the operating partner for CAM’s Natural Capital Fund I — secures up to 700,000 carbon credits through…

Korea National Oil Corporation (KNOC) is joining the joint venture with 3D Energi Limited and ConocoPhillips Australia (COPA) for the Otway exploration permits VIC/P79 and T/49P offshore Victoria, Australia, subject to regulatory approvals. 3D Energi will retain a 20 percent participating interest in both permits, with COPA dropping down to 51 percent and KNOC assuming a 29 percent interest. COPA will retain operatorship of the joint venture, 3D Energi said in a news release. COPA’s carry for up to $65 million in gross drilling costs remains in place, according to the release. The joint venture is undertaking exploration activities for…

Athletic apparel company lululemon announced the appointment of former Nike Chief Sustainability Officer Noel Kinder to lead the company’s sustainability team as Senior Vice President of Sustainability. Kinder joins lululemon after spending 25 years at Nike, most recently serving as Chief Sustainability Officer until 2024, driving the creation and operationalization of Nike’s global sustainability strategy, including the development of enterprise-wide sustainability commitments and Science Based Targets. Prior to his role as CSO, Kinder held positions at Nike including Vice President, Sustainable Manufacturing & Sourcing, and General Manager of Nike Vietnam, responsible for the company’s largest contract footwear manufacturing footprint, representing…

Europe can secure enough liquefied natural gas to refill storage for next winter at current prices, but the region faces competition for supply should prices fall further, according to Goldman Sachs Group Inc. “We think that prices have to stay at current levels, or slightly above, in order to kill LNG demand outside of Europe,” Samantha Dart, the co-head of global commodities research, said on Bloomberg television. “If LNG gets too cheap this summer, you tend to see other buyers picking it up.” Europe has drawn in more LNG cargoes so far this year thanks in part to weaker demand…

An Xpeng booth at the 2025 Spring International Auto Show in Qingdao, Shandong province, China, on March 7, 2025.Cfoto | Future Publishing | Getty ImagesXpeng shares jumped as much as 6% in premarket trading in New York, after the Chinese electric vehicle upstart reported first quarter earnings that were ahead of expectations.The stock had pared gains to rise 5.23% at 12:44 p.m. London time.Here’s how Xpeng did in the first quarter versus LSEG estimates:Revenue: 15.81 billion Chinese yuan ($2.18 billion), up 141.5% year-on-year and comparing with 15.1 billion yuan expected.Net loss: 660 million yuan, versus a 1.4 billion yuan loss expected and…