Author: omc_admin

As Scope 3 pressures mount and Science Based Targets initiative (SBTi)’s Corporate Net Zero Standard (CNZS) V2.0 takes shape, real-world insetting case studies create a replicable path forward. In the global race toward decarbonization, Scope 3 emissions—those generated across a company’s upstream and downstream value chain—remain one of the most elusive and impactful challenges for companies committed to net-zero. Often accounting for up to 90% of a business’s total carbon footprint, these emissions are complex to measure, manage, and mitigate due to their indirect nature. Insetting has emerged as a strategic solution, enabling companies to reduce upstream Scope 3 emissions…

Integrated Carbon Removal: CarbonBlue’s Midway pilot is the world’s first to embed carbon dioxide removal (CDR) into an operating desalination plant, lowering emissions while enhancing operational efficiency. Scalable Climate Solution: The system will scale from removing 40 metric tons of CO₂ annually to over 400 tons, with potential to reach millions across industries. Dual Revenue Model: The technology reduces costs for water-intensive industries and produces high-value calcium carbonate as a sellable by-product. CarbonBlue has launched the Midway pilot project—an industry-first system that integrates carbon dioxide removal (CDR) directly into a functioning brackish water desalination plant in Ma’agan Michael, Israel. This…

Historic Leadership Shift: Petrobras now has a female-majority Executive Board—5 out of 9 members—marking the first time in company history. Energy Transition Leadership: Laureano will oversee gas and energy, climate change, decarbonization, and renewables, reinforcing Petrobras’ net-zero 2050 goal. Equity in Action: The appointment signals Petrobras’ commitment to gender diversity, far surpassing Brazil’s listed company average. Petrobras has elected Angélica Garcia Cobas Laureano as Executive Director of Energy Transition and Sustainability, further advancing the company’s strategic focus on decarbonization and clean energy while achieving a historic milestone in corporate gender equity. With Laureano’s appointment on July 11, Petrobras’ Executive Board…

Deutsche Bank has more than tripled its stock price target for MP Materials , after the rare-earths miner secured a strategic investment from the Defense Department and a major contract with Apple . Deutsche now sees MP Materials shares rising to $67 compared with $20 previously. The new target implies 15% upside from Wednesday’s close of $58.22 per share. The Pentagon is providing MP with a guaranteed price floor that will help “transform MP from a commodity producer vulnerable to Chinese pricing dominance to a strategic partner,” Deutsche analyst Corinne Blanchard told clients in a Wednesday note. And the Defense…

Second-largest carbon removal agreement to date: Microsoft will purchase up to 4.9 million tonnes of permanent CO₂ removal from Vaulted Deep over 12 years, marking a major step forward for scalable carbon removal infrastructure. Biosolids innovation at commercial scale: Vaulted’s method uses deep well injection to permanently sequester organic waste underground, addressing both climate and public health challenges. Infrastructure expansion backed by results: Vaulted has already sequestered 18,000 tonnes of CO₂ and diverted 69,000 tonnes of organic waste, with recent upgrades at its Kansas facility tripling capacity and driving local job growth. Vaulted Deep has signed a landmark agreement with…

General Motors and circular economy-focused battery materials provide Redwood Materials announced the launch of a new agreement, aimed at accelerating the deployment of energy storage systems based on both second-life battery packs from GM electric vehicles and new batteries produced by GM. Energy storage forms one of the key building blocks for the rapidly expanding clean energy transition, given the intermittent generating nature of many sources of renewable energy, such as wind and solar, and the need to satisfy round-the-clock energy demand, while ensuring that energy is not wasted, particularly as demand on the grid grows from areas such as…

Activity is slowing in US oil fields as drillers remain in the crude-price danger zone for profits, according to one of the biggest investors of private operators in the shale patch. “In the mid-$60s, you get dangerously close to where oil prices don’t really drive appropriate returns for new drilling,” Dwight Scott, who joined Quantum Capital Group at the start of this month as executive vice chairman, said on Bloomberg TV Wednesday. “So, activity in the oil field is slowing; I think that’s a temporary thing.” West Texas Intermediate, the US benchmark, has fallen 8% since the start of this…

Oil prices rose early on Thursday amid signs that inventories are low in the peak summer demand season and resurfacing geopolitical concerns in the Middle East.As of 8:33 a.m. EDT on Thursday, the U.S. benchmark, WTI Crude, was up by 0.98% at $67.01 per barrel. The international benchmark, Brent Crude, was trading at $68.88, up by 0.53% on the day.Tight markets and falling U.S. crude oil inventories supported oil prices early on Thursday, despite the volatility caused by the uncertainty about the U.S. tariffs and trade deals and the pace of global economic growth.On Wednesday, the U.S. Energy Information Administration…

Four leading French aviation and energy companies partner to advance a sustainable, domestic biofuel industry. Demonstration flight powered by innovative sugar-based biofuel highlights technical viability of sustainable aviation fuels (SAFs). Joint focus on environmental, technical, and economic solutions to scale up biofuel adoption and reduce aviation-related CO₂ emissions. At the 2013 Paris Air Show, Airbus, Air France, Safran, and Total showcased their shared commitment to sustainable aviation by organizing the “Joining our Energies – Biofuel Initiative France” demonstration flight. The initiative aimed to demonstrate the French industry’s capacity to integrate aeronautical biofuels and called for a coordinated push toward developing…

Significant progress made: Over 90% of euro area banks now consider themselves materially exposed to climate and environmental (C&E) risks—up from just 50% in 2021. Supervisory action ongoing: The ECB has issued binding decisions and potential penalty payments to banks failing to meet key deadlines for integrating C&E risks into strategy, governance, and capital planning. Final push ahead: As the 2024 deadline nears, the ECB will publish an updated set of good practices and begin informal dialogues for 2026 transition planning requirements. European banks have made notable progress in identifying, managing, and mitigating climate and nature-related risks, according to Frank…