Author: omc_admin

Donald Trump has placed dozens of people with ties to the fossil fuel sector in his administration, including more than 40 who have directly worked for oil, gas or coal companies, according to a new analysis.The report from Public Citizen, a consumer advocacy and ethics non-profit that has been critical of the Trump administration, alongside the Revolving Door Project, a corporate watchdog, analyzed the backgrounds of nominees and appointees within the White House and eight agencies dictating energy, environmental and climate policy. That includes the Environmental Protection Agency, the interior and energy departments and others.The analysis comes as Trump wages…

OPAL Fuels Inc and infrastructure holding company South Jersey Industries (SJI) have started production at a renewable natural gas (RNG) facility in Egg Harbor Township, New Jersey, expecting to produce over 650,000 million British thermal units (MMBtu) or more than 4.6 million gasoline gallon equivalent (GGE) per year of biomethane. “Located at ACUA’s [Atlantic County Utilities Authority] solid waste landfill, the RNG facility captures and processes landfill gas into RNG, providing a renewable, lower-carbon fuel alternative to diesel and conventional natural gas”, said a joint statement by OPAL, SJI and ACUA. The project, the first completed under OPAL and SJI’s RNG…

Some of Europe’s top economies where wind power plays a key role in electricity supply had to curtail a record amount of generation capacity between January and September as grids were unable to dispatch the surge in renewable energy output.   When excess wind or solar output threatens to overwhelm grids, operators are being paid to reduce generation from their renewable energy assets. The curtailment rates in Spain, Germany, France, and south Sweden rose in the nine months of the year compared to the same period of 2024, according to estimates by data provider LSEG cited by Bloomberg.The curtailment rate in Spain jumped…

Global reach: Novata and Atlas Metrics now serve 400+ clients and over 13,000 companies worldwide. Strong investor backing: New funding led by S&P Global reinforces confidence in Novata’s long-term vision. European expansion: Acquisition of Atlas Metrics deepens Novata’s footprint across Europe’s financial ecosystem. A New Chapter in Sustainability Data Novata, a leading sustainability data management platform for private markets, has acquired Atlas Metrics, a top European sustainability performance and reporting firm, in a move that signals the next era of global ESG data consolidation and innovation. The acquisition coincides with a new funding round led by S&P Global, underscoring strong…

The European Commission unveiled a series of pieces of scheduled legislation slated for delay through “de‑prioritisation,” including the adoption of European Sustainability Reporting Standards (ESRS) for companies outside of the EU under the Corporate Sustainability Reporting Directive (CSRD). The de‑prioritisation process was revealed in a letter from the Commission to the EU’s financial regulators, forming part of its simplification agenda, aimed at boosting Europe’s productivity and global competitiveness, and reducing administrative burdens on companies. In the letter, the Commission notes that regulations and directives passed over the past several years have empowered the Commission to adopt around 430 follow-up legislative acts, noting…

Puro.earth signs Letter of Intent with Indonesia’s Environment Ministry and EPA to strengthen biochar carbon removal standards. Collaboration aims to align Indonesia’s carbon governance with Paris Agreement objectives and accelerate verified carbon credit projects. Biochar recognized as a scalable pathway for durable carbon removal and local sustainable development. Advancing High-Integrity Carbon Markets Carbon removal platform Puro.earth has signed a Letter of Intent (LoI) with Indonesia’s Ministry of Environment and the Environmental Protection Agency to advance the country’s use of biochar within its national carbon governance framework. The agreement formalizes a joint effort to develop high-integrity methodologies for durable carbon removal…

At 10:52 GMT, Light Crude Oil Futures are trading $62.40, up $0.67 or +1.09%. OPEC+ Output Hike Underwhelms as Market Eyes Glut Oil prices found some support from OPEC+’s decision to increase November output by just 137,000 barrels per day—matching October’s increment and falling short of earlier expectations. Analysts noted the increase was minimal and unlikely to alter near-term supply-demand balances unless accompanied by rising inventories. “The bare minimum that OPEC+ decided to get away with still provided some support,” noted PVM analyst Tamas Varga. Yet, concerns persist about a looming oversupply, especially with global inventories projected to build in coming…

A doubling of the discount of Russia’s flagship Urals crude grade to Dated Brent could prompt more Russian oil purchases from Indian refiners in the coming weeks. The discount of Urals to Dated Brent has widened to $2.00-$2.50 per barrel sources with knowledge of the market pricing told Bloomberg on Wednesday. The differential has now doubled compared to the $1.00 a barrel discount for Urals versus Dated Brent in July and August.  India’s crude oil imports from Russia are estimated to have dropped by about 100,000 barrels per day (bpd) in September compared to August as Indian refiners expand crude sources amid ongoing U.S.-India…

LLANOS DE CHALLE NATIONAL PARK, Chile (AP) — A rare bloom in Chile’s Atacama Desert has briefly transformed one of the world’s driest places into a dazzling carpet of fuchsia-colored wildflowers.The arid region — considered the driest nonpolar desert on Earth, averaging around 2 millimeters (0.08 inches) of rainfall a year — was a riot of color this week after unusual downpours throughout the Southern Hemisphere’s winter months soaked the desert foothills and highlands.Experts describe 2025 as among the Atacama’s wettest in recent years, with some high-elevation borderlands receiving up to 60 millimeters of rain (2.3 inches) in July and…

At what point will OPEC+ turn to cuts? That was one of the questions Skandinaviska Enskilda Banken AB (SEB) Chief Commodities Analyst Bjarne Schieldrop asked in a report sent to Rigzone by the SEB team on Tuesday, which focused on the OPEC+ group. “When will OPEC+ turn around to make some cuts? At what (price) point will they choose to stabilize the market? Because for sure they will,” Schieldrop said in the report. “Higher oil inventories, some more shedding of drilling rigs in U.S. shale, and Brent into the 50ies somewhere is probably where the group will step in,” he added.…