Author: omc_admin

• COP30 ended without a roadmap to phase out coal, oil and gas, despite support from more than 80 countries.• Governments backed climate finance ambitions of $1.3 trillion annually for developing countries by 2035, alongside a pledge to triple adaptation finance to $300 billion per year.• Brazil committed to develop voluntary science-based roadmaps on fossil fuel transition and deforestation, but these will sit outside the UN system. Belém’s negotiating rooms empty with no fossil fuel roadmap COP30 closed with a sense of unfinished work and deep frustration from scientists, European officials, and climate NGOs, after negotiators failed for a second…

The international crude benchmark, Brent, could dip to the $30s per barrel handle by 2027 as oversupply could overwhelm the market, according to a JP Morgan forecast posted by users on X.  Brent Crude prices have dropped by 14% year to date, and traded relatively stable at $62.59 per barrel early on Monday, as the oil market awaits news from the renewed negotiations on peace in Ukraine. The U.S. and Ukraine held on Sunday in Geneva what the two sides described as “highly productive” talks and agreed to continue intensive work on a “refined” peace plan, which the U.S. first proposed last…

Madrid-based renewable energy company Zelestra announced today a new collaboration with Microsoft and non-profit organization Fundación Ecología y Desarrollo (ECODES), including a power purchase agreement (PPA) to supply Microsoft with energy from two new solar plants in Spain, and a funding arrangement to support community-led sustainability initiatives in the region. Under the new PPA, Microsoft will purchase renewable energy from Zelestra’s Escatrón II and Fuendetodos II solar projects in Zaragoza, Aragón. The projects, anticipated to have a total capacity of more than 95 MW, are currently under construction. Additionally, as part of the agreement, ECODES will receive funding to implement…

• Three new agreements position Tanmiah to build a Science Based Targets initiative pathway and accelerate supply-chain decarbonization in Saudi Arabia.• Strataphy will install the region’s first geothermal-cooled poultry operation under a Cooling-as-a-Service model.• Conversion of diesel systems to LPG across farms and processing plants targets lower emissions and reduced operating costs. Tanmiah Food Company has moved to tighten its climate strategy with three new agreements aimed at cutting emissions, modernizing production and strengthening alignment with Saudi Arabia’s Vision 2030. The company unveiled the partnerships with Schneider Electric, Strataphy and Kayes Arabia at the inaugural Saudi Agri-Food Tech Alliance Forum…

Walmart says fast delivery is no longer a bonus; it’s becoming a customer expectation. During its Q3 2026 earnings call last week, the company reported that about 35 percent of its U.S. digital orders fulfilled from stores were delivered in under three hours, and its fastest delivery channel is now hitting under one hour. What’s RelatedExecutives said “delivery speed matters, and we’re delivering faster than ever,” pointing to the growing role of store-fulfilled orders and automation in their supply chain. Sam’s Club has now seen four straight quarters of triple-digit delivery growth, which the company views as a sign that…

• Sixty-six percent of organisations say climate technology is now essential or soon will be.• Data barriers block adoption, with 72% reporting fragmented or inconsistent information.• Government policy and incentives remain decisive, cited by 77% as a primary driver of investment. A shifting centre of gravity for climate tech A new climate technology report suggests the conversation has moved far beyond pilot projects or early signals of interest. For most organizations, climate tech is becoming part of the operational core rather than a peripheral experiment. Two-thirds of respondents, or 66%, say the technology is essential today or will be in…

Oil and gas revenue reached 11.13 trillion roubles last year. Russian state oil and gas revenue may fall in November by around 35 per cent from the corresponding month in 2024 to 520 billion roubles ($6.59 billion) due to cheaper oil and a stronger rouble, Reuters calculations showed on Monday.The decline in proceeds is painful for Russia, which has heavily boosted defence and security spending since launching its military campaign in Ukraine, which it calls a special military operation, in February 2022. Oil and gas revenue has been the most important source of cash for the Kremlin, making up a…

Lucas Systems has introduced a new pick-to-pallet technology designed to help warehouse workers pick multiple pallets and customer locations at the same time without slowing them down. What’s RelatedThe new method uses data science to automatically identify the “best pallet match” for each picking assignment. Instead of assigning pallets simply because orders are going to the same location, the system considers all current orders. It selects the most efficient two or three pallets for each worker. “It’s inefficient to assign pallets simply because they’re going to the same location or due to other conveniences,” said Andre Lessa, Director of R&D…

Florida Attorney General James Uthmeier announced the filing of a new legal action against proxy advisory firms Glass Lewis and Institutional Shareholder Services (ISS), claiming that the firms violated consumer protection and antitrust laws by jointly pushing an “ESG agenda” through their activities. The new lawsuit forms the latest in a series of actions by anti-ESG politicians in the U.S., which has increasingly focused on the proxy advisory firms in the past few months. In September, for example, Texas AG Ken Paxton launched an investigation into the companies for allegedly “issuing voting recommendations that advance radical political agendas rather than sound…

• €15.5bn secured for Africa’s renewable energy expansion, led by the EU and South Africa• Commitments include 26.8 GW of new renewable capacity and electricity access for 17.5 million households• Pledging drive strengthens global momentum toward tripling renewable energy by 2030 A year-long effort to push fresh investment into Africa’s clean-energy systems closed this week with €15.5 billion in commitments, placing the continent’s infrastructure needs at the centre of Europe’s geopolitical and climate-finance agenda. The campaign was jointly led by European Commission President Ursula von der Leyen and South African President Cyril Ramaphosa, with Global Citizen coordinating the mobilisation effort…