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Microsoft and carbon markets platform Rubicon Carbon announced today the launch of a new agreement which will see Rubicon facilitate the purchase of 18 million tonnes of high-quality carbon removal credits for Microsoft, marking one of the largest-ever commitments by a single corporate buyer in the voluntary carbon market to date. According to the companies, transactions sourced through the new agreement will support a pipeline of individual Afforestation, Reforestation, and Revegetation (ARR) projects worldwide, with each carbon removal transaction to be structured as 15-to-20 year offtakes. Launched in 2022, Rubicon delivers carbon credit solutions to businesses, providing services including proprietary…
In a new report from PMMI, consumer packaged goods (CPG) companies and their industry partners made one thing clear: productivity is their number one priority for 2025. According to survey data from PMMI’s Embracing Operational Readiness report, 78% of respondents said improving productivity is their top focus, well ahead of other concerns like cost (47%) and automation (47%). What’s RelatedThe findings are based on conversations from PMMI’s annual Top to Top Summit, where leaders from across the packaging, processing, and supply chain worlds came together to talk about shared challenges. This year’s event focused on three big operational themes: faster…
Russia’s oil-export revenues in April fell to the lowest in nearly two years as global crude prices declined amid sluggish demand, according to the International Energy Agency. The nation earned $13.2 billion from the export of crude oil and petroleum products last month, the lowest since June 2023, the Paris-based agency said in its monthly market report on Thursday. The decline came as the average-weighted price for Russian crude slumped further down in April, reaching $55.6 a barrel, well below the price-cap imposed by the international Group of Seven nations, the IEA estimated. “Russian oil prices followed international trends,” the…
NEW YORK (AP) — Volley after volley of tariffs — and at times on-again, off-again trade actions — have put companies around the world on edge. And a handful of major retailers have already raised prices across the U.S., or warned of future hikes.President Donald Trump has slapped new import taxes on nearly all of America’s trading partners and a range of sector-specific goods in recent months — all while some targeted countries, notably China, have responded with their own retaliatory duties. While many of those steepest tariffs have since been paused or reduced, scores of other remaining levies have…
Oil prices have risen strongly over the past week, analysts at Standard Chartered Bank, including the company’s commodities research head Paul Horsnell, said in a report sent to Rigzone by Horsnell late Tuesday. “At [the] time of writing they had gained more than $8 per barrel from their 5 May low of $58.50 per barrel, breaking above a series of key Fibonacci retracement levels and the 20-day moving average in the process,” the analysts said in the report. “The 14-day Relative Strength Index stood at a near-neutral 51.0 at settlement on 12 May, adding to a market sense of short-term…
Happy almost Friday! It’s not TV. It’s HBO, HBO Go, HBO Now, HBO Max, Max, HBO Max. The TV brand that brought us “The Sopranos” and “Sex and The City” is rebranding its streamer … again. BI’s Peter Kafka has more on all the flip-flopping and why, jokes aside, it’s acknowledgment of a deal gone bad. (At least HBO is leaning into the joke.)In today’s big story, Meta will pay you $50 an hour to help make its avatars more realistic. Which begs the bigger question: How much would you need to be paid to train AI on something you’re…
Daily Light Crude Oil Futures Tuesday’s rally stalled at $63.90, precisely where resistance from the pivot at $63.06 and the 50-day moving average at $63.70 converged. The failure to break higher triggered aggressive selling, with prices collapsing below key support levels. The next technical focus is the minor pivot at $59.60—how traders respond here will shape near-term direction. Bulls may attempt to defend this level to carve out a higher low, while bears are targeting deeper support levels at $55.30 and $54.48 to force out weaker long positions. U.S.-Iran Nuclear Deal Expectations Weigh on Sentiment Market pressure intensified after comments…
Environmental sustainability concerns play a considerable role in the career and consumption choices of Gen Zs and Millennials, with seven out of ten reporting that companies’ environmental credentials are important to choosing employers, and nearly two-thirds saying they are willing to pay more for sustainable products, according to a new survey by global professional services firm Deloitte. For the report, the 2025 Gen Z and Millennial Survey, Deloitte surveyed more than 23,400 Gen Z (those born between 1995 – 2005) and millennial (born 1983 – 1994) respondents across North America, Latin America, Western Europe, Eastern Europe, the Middle East, Africa,…
As the US prepares for what could be another record-breaking hot summer, Donald Trump and his pick to lead the nation’s workplace safety agency are expected to derail the creation of the nation’s first-ever federal labor protections from extreme heat.Trump in February nominated David Keeling to lead the Occupational Safety and Health Administration (Osha). Keeling formerly served as an executive at the United Parcel Service (UPS) and Amazon – both of which have faced citations from Osha for worker injuries and deaths amid heat exposure. The companies deny the deaths were heat-related.Under Keeling, Osha is expected to thwart heat protections.…
This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersHello and welcome to Energy Source, coming to you from New York.My Financial Times colleague Rachel Millard has examined a crucial part of the UK government’s effort to meet its decarbonisation goal: persuading consumers to adjust their electricity use.Financial incentives may be crucial in encouraging consumers to adjust their power consumption. Northern Powergrid, which serves parts of northern England, has been offering up to £900…