Author: omc_admin
Honda has postponed its electric vehicle supply chain plans in Canada for at least two years, citing weakening EV demand and mounting global trade tensions. The move accompanies a sharp 59% profit decline forecast for fiscal 2026. The Ontario-based EV supply chain project, originally unveiled in April 2024, was seen as a cornerstone in Honda’s strategy to localise production and secure critical battery materials in North America. However, the automaker now says the initiative will be “put on hold for approximately two years,” pointing to the softening of EV demand and the uncertainty caused by trade policies under US President…
Climate research provider and environmental disclosure platform CDP announced a strategic restructuring which may result in a reduction of around 20% of its workforce, as the organization embarks on a new strategy, including focusing on reducing the reporting burden for companies. Founded in 2000, CDP runs a global environmental disclosure system, enabling investors and other stakeholders to measure and track organization’s performance in key environmental sustainability areas including climate, forests, and water security. In 2024, a record of more than 22,700 companies disclosed through CDP, up 8% over the prior year. The restructuring comes as CDP faces economic challenges, requiring it…
WESTERNPORT, Md. (AP) — Officials found the body of a 12-year-old boy who was swept away by rushing water on a Virginia roadway during a storm system that also forced a dozen students to stay overnight at a Maryland high school due to heavy rains that led to flooding in several states.A 911 caller reported Tuesday night that the boy was walking outside when he was swept away by water that overtook the roadway from a nearby creek, Albemarle County Fire Rescue said in a social media post.The body of what is believed to be Jordan Sims was found by…
Some 350,000 commuters could soon be scrambling for other ways to reach their destinations if New Jersey Transit engineers walk off the job early Friday.NJ Transit — the nation’s third largest transit system — operates buses and rail in the state, providing nearly 1 million weekday trips, including into New York City. If the walkout occurs, all NJ Transit commuter trains will stop running.Wages and working conditions have been the main sticking points of the negotiations between the agency and the Brotherhood of Locomotive Engineers and Trainmen. The union claims its members earn an average salary of $113,000 a year…
As industries seek innovative solutions for carbon capture, scientists have turned to advanced materials that efficiently trap and store carbon dioxide from industrial emissions. A recent study of a team from the Helmholtz-Zentrum Dresden-Rossendorf (HZDR), Dresden University of Technology (TUD), and Maria Curie-Sklodowska University in Lublin (Poland) sheds light on the gas adsorption physics of so-called Calgary Framework 20 (CALF-20), a zinc-based metal-organic framework (MOF). While applying a combination of advanced techniques, the scientists reveal the material’s unique adaptability under varying conditions. Artistic representation of CO2 capture from a moisture-laden gas stream using CALF-20,…
By: Cara Maesano, Manager, Climate-Aligned Industries & Daniel Pike, Principal, Climate-Aligned Industries, RMI There are both climate and commercial imperatives for heavy industry to pursue carbon removal — for first movers and early adopters especially, this can also be a strategic advantage. Synergies with existing industrial processes present new opportunities to implement carbon removal methods as a means of improving efficiency, productivity, and revenue, while meeting regulatory demands. RMI’s recent report, Seizing the Industrial Carbon Removal Opportunity, highlights the case for why industrial leaders should act now to develop and deploy carbon removal technologies within industrial value chains —and how…
ROCHESTER, N.Y. (AP) — In 2020, following ferocious wildfires across Southern California, Jasmin Singer and her wife, Moore Rhys, decided they had had enough of Los Angeles. They packed their bags and moved to New York state.They debated between Ithaca and Geneva before finally picking Rochester, about a six-hour drive northwest from New York City. Rochester won out in part because of a more stable climate and progressive policies aimed at combating climate change, caused by the burning of fuels like gasoline and coal. “We were all kinds of nutty about climate,” said Singer about picking Rochester. Jasmin Singer hosts…
An analysis piece sent to Rigzone by the S&P Global team on Monday stated that U.S. crude oil production is now expected to decline next year. “Slowing global oil demand amid extreme uncertainty about the future of U.S. trade and a coming supply surplus are expected to hobble U.S. oil production growth later this year and could lead to an annual decline in output in 2026, according to a new analysis by S&P Global Commodity Insights,” the analysis piece – by Jim Burkhard, Vice President and Global Head of Crude Oil Research, Ian Stewart, Associate Director, and the S&P Global…
Australia’s Woodside Energy and Saudi Aramco have signed an agreement to explore cooperation opportunities that may include the Saudi company buying a stake in the Louisiana LNG project.The agreement is non-binding, Woodside said, adding that it could involve “Aramco’s potential acquisition of an equity interest in and LNG offtake from the Louisiana LNG project.”Woodside’s CEO, Meg O’Neill, said the deal was “another demonstration of the ongoing interest Louisiana LNG is generating among high-quality potential investors, following our recent agreement with Stonepeak to acquire a 40% interest in the project’s infrastructure holding company.”The Australian energy major announced the final investment decision…
Ghana is encouraging investors to get the country’s crude out of the ground to avoid the assets from getting stranded amid a global decarbonization push. The government is ready to roll out the “red carpet” to any investor prepared to drill and pump crude, President John Mahama said at the Africa CEO Forum in Abidjan, Ivory Coast’s commercial capital, on Tuesday. “Oil is in transition and so anybody who has any assets should be pumping like there’s no tomorrow,” he said. Oil output in Ghana fell for the past five consecutive years, mainly due to a lack of investment in…