Author: omc_admin

The U.S. Department of Agriculture has banned the use of farmland for the construction of solar installations, effective immediately.Agriculture Secretary Brooke Rollins announced the decision on X, saying, “Millions of acres of prime farmland is left unusable so Green New Deal subsidized solar panels can be built. This destruction of our farms and prime soil is taking away the futures of the next generation of farmers and the future of our country.”“Starting today, @USDA will no longer deploy programs to fund solar or wind projects on productive farmland, ending massive taxpayer handouts. Also ENDING the use of panels made by…

Initiatives underway to reduce European sustainability reporting and due diligence reporting requirements could limit the European Central Bank’s capability to manage climate risk in the financial system, according to a letter sent by ECB President Christine Lagarde to European Parliament lawmakers. The letter comes as lawmakers prepare to debate the European Commission’s Omnibus I package, aimed at significantly reducing the sustainability reporting and regulatory burden on companies, with proposals for major changes to a series of regulations including the CSRD, the Corporate Sustainability Due Diligence Directive (CSDDD), as well as the Taxonomy Regulation, and the Carbon Border Adjustment Mechanism (CBAM).…

Oil refiners in China have stepped up purchases of Russia’s flagship crude, seizing an opportunity to take discounted cargoes relinquished by India as Washington ramps up trade tariffs against New Delhi.While China is the largest importer of Russian oil, it tends to take deliveries from the nation’s Far East. Yet so far in August, shipments of Urals — which loads from Baltic and Black Sea ports — were almost 75,000 barrels a day. That’s almost double the year-to-date average of about 40,000 barrels, according to Kpler. In contrast, exports to India sunk to no more than 400,000 barrels a day…

Oil refiners in China have stepped up purchases of Russia’s flagship crude, seizing an opportunity to take discounted cargoes relinquished by India as Washington ramps up trade tariffs against New Delhi. While China is the largest importer of Russian oil, it tends to take deliveries from the nation’s Far East. Yet so far in August, shipments of Urals – which loads from Baltic and Black Sea ports – were almost 75,000 barrels a day. That’s almost double the year-to-date average of about 40,000 barrels, according to Kpler. In contrast, exports to India sunk to no more than 400,000 barrels a day this…

Autumn is the “season of mists and mellow fruitfulness”, according to the poet John Keats – but anyone hoping for a glut of blackberries this September may be sorely disappointed.In many parts of the UK brambles have been bursting with fruit since mid-summer, with some now bearing only shrivelled berries. And it is not the only hallmark of autumn that appears to have come early: trees are dropping their leaves, apples are ripe and acorns are hitting the ground.But with temperatures still high, experts say this is not simply a case of an early fall. Instead, they say, nature is…

TORONTO (AP) — Air Canada said Tuesday it will gradually restart operations after reaching an agreement with the union for 10,000 flight attendants to end a strike that disrupted the travel plans of hundreds of thousands of travelers. The union first announced the agreement early Tuesday after Air Canada and the union resumed talks late Monday for the first time since the strike began over the weekend. The strike is affecting about 130,000 travelers a day at the peak of the summer travel season.Canada’s largest airline said flights will start resuming Tuesday evening. Flight attendants walked off the job early…

Crude oil prices declined today after the end of the Trump-Zelensky talks on Monday, in anticipation of trilateral talks that could result in a peace deal. That would likely also result in the lifting of sanctions on Russian crude, making more of its available on global markets.At the time of writing, Brent crude was trading at $66.20 per barrel and West Texas Intermediate was changing hands for $62.95 per barrel, after inching higher on Monday as the Ukrainian president arrived at the White House for talks with Trump.“Betting markets aren’t overly convinced that we’ll see a ceasefire before the end…

New Delhi: Oil and Natural Gas Corporation’s (ONGC’s) research arm ONGC Energy Centre Trust (OECT) on Tuesday said it has signed a ₹39.42 crore agreement with Engineers India Ltd (EIL) for setting up a helium recovery demonstration plant at ONGC’s Kuthalam gas collection station in Cauvery Asset, Tamil Nadu.The project is scheduled to be completed in 18 months. Helium, widely used in space exploration, semiconductor manufacturing, cryogenics, fibre optics and medical technologies, is currently imported to meet India’s demand.According to the official press release, the agreement, which was signed on August 18, provided for preparation of the detailed project report,…

OpenAI CEO Sam Altman said China’s open-source models drove the company to release its open-weight models earlier this month.”It was clear that if we didn’t do it, the world was gonna be mostly built on Chinese open-source models,” Altman said during a media briefing CNBC reported on Monday.”That was a factor in our decision, for sure. Wasn’t the only one, but that loomed large,” he added.OpenAI did not respond to a request for comment from Business Insider.OpenAI released two open-weight models, gpt-oss-120b and gpt-oss-20b, on August 5. The former is designed for high-end computers, while the latter is meant to…

(Bloomberg) – Oil rose as U.S. President Donald Trump’s meeting with Ukrainian President Volodymyr Zelenskiy tempered expectations that a resolution to the conflict with Russia will be reached quickly.  Ukranian President Volodymyr Zelenskiy West Texas Intermediate advanced about 1% to settle above $63 a barrel after Zelenskiy said during a meeting at the White House that the countries need to find diplomatic ways to end the war. Brent crude rose more than 1% to settle below $67. “Zelenskiy’s latest comments may have lowered already-slim ceasefire odds even further,” said Rebecca Babin, a senior energy trader at CIBC Private…