Author: omc_admin

Meta adds 791 MW of wind and solar power through four new Invenergy deals, pushing total capacity from the partnership to 1,800 MW. Over 740 MW of new clean energy will be generated in Ohio alone, supporting Meta’s growing AI and data infrastructure needs. All projects are expected to begin commercial operations in 2027, with Meta receiving clean energy credits from the local grid-supplied power. Meta has signed four new clean energy agreements with Invenergy totaling 791 MW, reinforcing its push to power expansive data center and AI operations with sustainable electricity. These deals elevate Meta’s total procured capacity from…

In a release posted on its site on Wednesday, the Bureau of Ocean Energy Management (BOEM) announced “the publication of a Proposed Notice of Sale (PNOS) for an oil and gas lease sale in the Gulf of America”. Lease Sale 262 will offer approximately 15,000 unleased blocks located three to 231 miles offshore across the Gulf’s Western, Central, and Eastern Planning Areas, the release noted. It highlighted that these blocks cover roughly 80 million acres and are situated in water depths ranging from nine feet to more than 11,100 feet. The release stated that this sale is the first of three…

Restoration Scale: 200 hectares of degraded land restored near a protected natural park in Salamanca, Spain. Climate Benefit: Over 160,000 tons of CO₂ to be captured over 50 years, certified by Spain’s Ministry for Ecological Transition. Social Value: Project creates rural jobs, supports biodiversity, and strengthens community ties. MERLIN Properties and Carbon2Nature, a subsidiary of Iberdrola, have partnered to develop the MERLIN Forest—a landmark ecological restoration project designed to regenerate over 200 hectares of fire-damaged land and capture more than 160,000 tons of CO₂. Located in Serradilla del Llano, adjacent to the Las Batuecas – Sierra de Francia Natural Park,…

ByteDance purchased over 100,000 Rubicon Carbon Tonnes® to help meet its 2030 carbon neutrality goal. The credits include a mix of nature-based and carbon removal projects, ensuring both near-term and long-term impact. The deal reinforces growing corporate demand for high-quality, science-backed carbon credits. ByteDance, the global tech company behind TikTok, has purchased the right to retire over 100,000 tonnes of carbon credits through Rubicon Carbon’s flagship offering, the Rubicon Carbon Tonne® (RCT). The purchase supports ByteDance’s aim to achieve carbon neutrality by 2030 and reflects a broader push among global firms for credible climate action. Rubicon Carbon Tonnes are portfolios…

Streamlined climate reporting: GRI 102 and 103 align with global frameworks like the GHG Protocol and IFRS S2, enabling comparable, science-based disclosures. Broader accountability: The standards include ‘just transition’ metrics, covering social impacts on workers, communities, and Indigenous Peoples. Corporate action catalyst: Designed to drive decision-useful transparency for investors, regulators, and executives aiming for real climate impact. The Global Reporting Initiative (GRI) has unveiled two new sustainability reporting standards—GRI 102: Climate Change and GRI 103: Energy—to drive corporate accountability and accelerate climate action. “These new GRI Standards are unique in bringing together the human and environmental dimensions of climate change,”…

Strategic Capital Mobilization: AIIB and Keppel aim to deploy up to $1.5 billion in sustainable infrastructure projects by 2030. Focus Areas: Investment will target renewable energy, digital infrastructure, transport, and urban services across Asia-Pacific. Public-Private Synergy: The partnership combines AIIB’s long-term capital with Keppel’s operational expertise to address the region’s infrastructure gap. The Asian Infrastructure Investment Bank (AIIB) has entered into a strategic partnership with Keppel Ltd. to mobilize up to USD1.5 billion for sustainable infrastructure projects across Asia-Pacific. The agreement, signed during AIIB’s 10th Annual Meeting in Beijing, will run through December 2030. The collaboration will support infrastructure projects…

IFRS-Aligned UK Standards Released: The UK’s draft Sustainability Reporting Standards (UK SRS) closely follow the ISSB’s IFRS S1 and S2, with key UK-specific modifications. Extended Climate-First Relief Proposed: Businesses may receive a two-year grace period to focus first on climate disclosures—double the ISSB’s one-year provision. Mandatory Reporting Under Review: Government seeks input on the cost-benefit of UK SRS adoption, informing potential future mandates for corporate disclosure. The UK government has released exposure drafts of its new UK Sustainability Reporting Standards (UK SRS), marking a significant step toward a modernised corporate reporting framework. The drafts are modeled on the International Sustainability…

Iraq is in advanced talks with Excelerate Energy Inc. to facilitate its first-ever liquefied natural gas imports as the country, which struggles with power outages, seeks to cut dependence on Iran for supplies. Texas-based Excelerate is one of several companies to have submitted a bid to provide an LNG import ship and secure supplies of the fuel, said Ali Salman, acting director general for the state-run South Gas Co., which has been charged with overseeing the development of the project. An Excelerate representative declined to comment. Iraq’s push to buy LNG comes as the country halted electricity imports from neighboring…

Energy Transfer LP said Wednesday it had signed an incremental agreement with Chevron Corp. for additional volumes of 1 million metric tons per annum (MMtpa) from the planned Lake Charles LNG, increasing Chevron’s offtake from the Louisiana project to 3 MMtpa. The expanded agreement, which builds on the initial one signed December 2024, commits supply for Chevron for 20 years. “This expanded LNG agreement reflects the growing strength of Chevron’s global gas business”, Freeman Shaheen, president at Chevron Global Gas, said in a statement issued by Energy Transfer. Tom Mason, president of Energy Transfer LNG, commented, “This agreement marks a…

Professional services and information solutions provider Wolters Kluwer announced today the launch of two new ESG data solutions, CCH Tagetik ESG & Sustainability for CBAM aimed at simplify compliance with the EU’s Carbon Border Adjustment Mechanism regulation, and CCH Tagetik ESG & Sustainability for Planning & Analytics, designed to support the alignment of ESG initiatives with financial performance and to integrate sustainability into decision-making. CBAM is the EU’s carbon tax on imported goods, established to avoid “carbon leakage,” a situation in which companies move production of emissions intensive goods to countries with less stringent environmental and climate policies. The regulation comes…