Author: omc_admin
The Global Reporting Initiative (GRI) has opened public consultation on two updated labor standards focused on diversity, inclusion, and non-discrimination, with feedback accepted until 15 September. The new drafts aim to align corporate reporting with ILO labor rights principles, calling for more detailed disclosures on direct and indirect discrimination, and executive accountability for inclusion strategies. Final standards are expected to be published from mid-2026 as part of a four-phase overhaul of GRI’s labor-related reporting framework. The Global Reporting Initiative (GRI) has launched a global public comment period on proposed revisions to two of its core labor standards—Diversity and Inclusion and…
Texas Railroad Commissioner Wayne Christian announced the launch of the “Delivering Oil and Gas Efficiently (DOGE) Task Force” in a statement posted on the Railroad Commission of Texas (RRC) website recently. DOGE is described in the statement as “a new internal initiative focused on improving processes, enhancing communication, and strengthening the Railroad Commission of Texas as a responsive, pro-business agency”. The statement noted that the DOGE initiative “is not about cutting personnel – it’s about cutting delays, confusion, and outdated systems”. “The goal is to work alongside agency staff to identify what is working, what needs improving, and where small changes could lead…
New levies on luxury flights: France, Kenya, Spain, and five other nations launch a coalition to tax premium air travel and private jets, aiming to direct funds toward climate resilience and fair transitions. Massive revenue potential: Global implementation of levies on premium tickets and private jet kerosene could generate over €78 billion annually, according to research commissioned by the Global Solidarity Levies Task Force. Framework set for COP30: The coalition plans to finalize the initiative’s structure and national legislation changes ahead of COP30 in Brazil, inviting other countries to join a harmonized global approach. A coalition of eight countries —…
Brussels, 2 July 2025 CEOs from the world’s leading energy, automotive, and technology companies have come together to issue a strong and unified message to European policymakers: Hydrogen mobility is essential to Europe’s climate goals, industrial competitiveness, and strategic autonomy – and urgent action is needed on infrastructure buildout. In a joint letter addressed to EU and Member State leaders, the CEOs urge policymakers to firmly position hydrogen mobility at the heart of Europe’s clean transport and industrial strategies. The letter has been signed by executives from more than 30 companies, from multinationals to smaller vendors that combined span the…
Idaho Power Co. has filed a new 20-year plan that favors cleaner electricity to meet surging demand in southern Idaho and eastern Oregon. The 2026-45 Integrated Resource Plan (IRP) would add about 2.15 gigawatts of renewables-sourced generation: 1,445 megawatts (MW) of solar and 700 MW of wind. The plan also eyes 885 MW of battery energy storage capacity, 611 MW of gas power via coal conversions, 550 MW from natural gas, 344 MW of energy efficiency and 20 MW of incremental demand response. The company expects its peak load to grow by around 1,700 MW over the 20 years, with…
The Nuclear Regulatory Commission (NRC) has granted V.C. Summer Nuclear Station Unit 1 in Jenkinsville, South Carolina, a 20-year extension to operate through 2062. “V.C. Summer Nuclear Station has provided reliable, affordable and increasingly clean energy for our customers in the Palmetto State for more than 40 years”, Dominion Energy chief nuclear officer Eric Carr said in an online statement Tuesday. “With steady population growth and economic development, South Carolina will continue to need a clean and reliable workhorse like V.C. Summer to power our customers’ homes and businesses around the clock well into the future”. The 966-megawatt plant powers…
Iraq’s electricity grid lost around 15% of its generation capacity after gas supplies from neighboring Iran were more than halved on Tuesday, highlighting the country’s vulnerability to energy shocks despite its oil wealth. Iranian gas deliveries currently stand at 25 million cubic meters per day, less than half the 55 million cubic meters agreed under a bilateral deal, Iraq’s Electricity Ministry said in a statement. The lost volumes have resulted in the shutdown of some gas-fired power plants and a loss of about 3,800 megawatts of generation. High domestic demand combined with maintenance work in Iran was cited as the…
€23 million Series C funding will accelerate Dexter’s AI-powered trading and forecasting tools for wind, solar, and battery assets across Europe. Dexter’s software boosts revenues for clean energy producers by optimizing operations in volatile day-ahead, intraday, and imbalance markets. Backed by Klima and Mirova, the funding supports expansion into new European markets and further development of battery trade optimization tools. Dexter Energy, an Amsterdam-based climate tech firm, has raised €23 million in a Series C funding round to scale its AI-powered forecasting and trade optimization services for renewable energy and battery storage. The round was led by Alantra’s energy transition…
Insurance and investment group Allianz’s commercial insurance unit, Allianz Commercial, announced the launch of Climate Adaptation & Resilience Services (CAReS), a new platform aimed at enabling companies to identify and mitigate climate risk exposures facing their businesses. According to Allianz Commercial, the new platform comes as businesses face growing climate risk management challenges, with climate change having a severe impact on economies globally, noting that in 2024, losses from climate-related natural catastrophes such as flood, windstorm, or hail reached $327 billion, and insured losses reached $138 billion. Michele Williams, Global Head of Allianz Risk Consulting (ARC) at Allianz Commercial,, said:…
India, the world’s third-largest crude oil importer, which depends on imports for about 85% of its daily consumption, considers building three new sites to raise its strategic petroleum reserves.Engineers India Ltd, a state-run engineering consultancy, is doing feasibility studies, L R Jain, chief executive at the state company managing the reserve, Indian Strategic Petroleum Reserve Ltd, told Reuters on Wednesday.“In case of exigencies, we will be better prepared,” Jain said.Currently, India’s underground Strategic Petroleum Reserve storage has a total capacity of 5.33 million metric tons of crude oil, equal to only 39 million barrels of crude oil, or eight days’ worth of…