Author: omc_admin

A Reform-led council is thought to have become the first in the UK to rescind its climate emergency declaration, a move condemned as “a very dark day” for the authority.Durham county council, which has had an overwhelming Reform majority since the May local elections, passed a motion to rescind a declaration made in 2019 More than 300 local authorities have declared a climate emergency.It voted instead to declare a County Durham care emergency, a move described as “cynical and insulting” by the Liberal Democrat councillor Mark Wilkes.He said there was a financial case as well as an environmental case for…

TotalEnergies expects lower earnings in its upstream and LNG divisions for the second quarter amid a drop in oil, natural gas, and LNG prices compared to early this year and the same time last year.  In an update note ahead of the Q2 results due out on July 24, the French supermajor said that its exploration and production earnings are expected to reflect the $7 per barrel decline in oil prices in the second quarter compared to the first quarter. Brent Crude prices averaged $67.90 per barrel in Q2, down from an average of $75.70 for the first quarter, TotalEnergies said.TotalEnergies has…

The U.S. Energy Information Administration (EIA) revealed its latest U.S. regular gasoline retail price forecast in its July short term energy outlook (STEO), which was released on July 8. According to this STEO, the EIA sees the U.S. regular gasoline retail price averaging $3.09 per gallon in 2025 and $3.04 per gallon in 2026. In its previous STEO, which was released in June, the EIA projected that the U.S. regular gasoline retail price would come in at $3.09 per gallon this year and $3.08 per gallon next year. The EIA’s latest STEO forecasts that the U.S. regular gasoline retail price…

Clean fuel tech startup Amogy announced that it has raised an additional $23 million in venture financing, expanding its funding round announced earlier this year to $80 million. Founded in 2020, Brooklyn, New York-based Amogy offers ammonia-based, emission-free, high energy-density power solutions aimed at decarbonizing hard-to-abate sectors such as heavy-duty transportation, maritime, power generation, and heavy industry. The company’s technology turns liquid ammonia into its base elements of hydrogen and nitrogen, using the hydrogen to power fuel cells or electric motors, allowing for zero-carbon transportation and power generation. In September 2024, Amogy successfully demonstrated its ammonia-to-electrical power system by sailing…

The decommissioned 2.7-gigawatt (GW) Bruce Mansfield Power Plant will be redeveloped from a coal-fired station into a natural gas-fired station, the Frontier Group of Companies (FGC) said Tuesday. The conversion project, Shippingport Power Station, will be “a significantly larger state-of-the-art natural gas generation plant with new incremental onsite generation”, FGC said in a press release with partners. “Additionally, FGC has secured a partner to build a collocated data center facility to support America’s demand for AI infrastructure”. The project is also expected to supply over one GW of excess capacity to the PJM interconnection region, which comprises all or parts…

By Julianne Geiger – Jul 16, 2025, 9:42 AM CDT Crude oil inventories in the United States decreased by 3.9 million barrels during the week ending July 11, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The build brings commercial stockpiles to 422.2 million barrels according to government data, which is still 8% below the five-year average for this time of year.The EIA’s data release follows a rocky Tuesday after conflicting API inventory data shook oil bulls to their core, with initial reports on X suggesting that crude oil inventories had grown by 19.1…

Energy and electrification advisory, services, and software solutions provider Schneider Electric announced today the launch of Zeigo Hub, a new digital platform aimed at helping companies to decarbonize their supply chains, with capabilities to engage with suppliers, build customized decarbonization programs, set targets, and track progress individually by supplier. Key features of the new platform include guided onboarding of suppliers to enable engagement, a streamlined user interface, and tools to help suppliers calculate and measure emissions, as well as analytics to provide real-time visibility into emissions trends, and progress toward science-based targets, with data structured to support frameworks and standards…

Science-backed risk intelligence: New solution combines over 18 climate risk layers and 3 million mapped assets with data from NASA, NOAA, and WRI for rigorous climate risk analysis. Regulatory-ready and enterprise-focused: Built-in alignment with CSRD, TNFD, IFRS S2, CDP, and EU Taxonomy enables streamlined compliance and executive decision-making. End-to-end mitigation planning: Tools for site-specific risk scoring, scenario modeling, capital-at-risk analysis, and stakeholder-ready dashboards support real-time adaptation and resilience. Benchmark Gensuite, in collaboration with GIST Impact, has launched a Sustainability and Climate Risk Management Solution, designed to help global enterprises quantify and manage climate-related risks across their operations and supply chains.…

Single Pricing Retained: The UK will maintain a unified national wholesale electricity price, avoiding a regional pricing split while introducing targeted reforms to improve efficiency and fairness. Grid Overhaul & Investment Certainty: Infrastructure upgrades, strategic planning, and streamlined transmission charges aim to cut £4B in constraint costs and boost clean energy investment confidence. Consumer & Community Support: New measures include up to £2,500 in energy bill discounts for households near new grid infrastructure and funding for local community development. The UK government has unveiled a comprehensive reform package to modernize the electricity market, confirming a decision to retain a single…

Anjinho demands answers on lack of public consultation, impact assessment, and climate review European Ombudsman Teresa Anjinho has formally asked the European Commission to explain why it bypassed key procedural steps in preparing its Omnibus I proposal to scale back sustainability rules for businesses. The inquiry highlights concerns over the absence of an impact assessment, climate consistency review, and public consultation—steps required under the EU’s Better Regulation Guidelines and European Climate Law. The Commission has until 15 September 2025 to respond, with Anjinho stating she will not grant an extension. What’s happening In a letter to Commission President Ursula von…