Author: omc_admin

How operational agility and specialization helped us find aligned partners for our $430M ventures fund By: John Tough, Managing Partner, Energize Capital A few weeks ago, our team at Energize Capital announced the close of Ventures III, a fund with $430 million of capital commitments across the fund and its related vehicles, built to power the next chapter of software-enabled climate solutions. This fund is a massive milestone for Energize and a testament to the potential of the entire climate market. We began fundraising for Ventures III in late 2023—a time marked by political uncertainty, rising interest rates, and macroeconomic…

Governments and policy makers must better anticipate and prepare for energy crises before they happen, drawing from past experience and increasing diversification of supply, predictability in policy, and international cooperation, Fatih Birol, Executive Director at the International Energy Agency (IEA), said on Thursday.Many tools to tackle energy security today have been developed after crises have hit in the past. Such was the case with the creation of the IEA itself following the Arab oil embargo in the 1970s and with the emergency stockpiles of oil to fend off similar crises.“Many of the tools we have come to rely on today…

Applied safety science company provider UL Solutions announced the launch of a series of new sustainability-focused software solutions, including tools to help companies manage supply chain emissions data, meet ISSB sustainability reporting requirements and plan renewable energy deployment. The new solutions form part of UL Solutions’ ULTRUS software platform, which ais to help companies ULTRUS software platform. The new tools include a new Purchased Goods and Services module launched on the ULTRUS platform, designed to help companies simplify data management and reporting for Scope 3, Category 1 emissions, or those related to goods and services purchased from suppliers. Features of the…

Senior officials from three of OPEC’s core producer nations – Saudi Arabia, the United Arab Emirates, and Kuwait – lined up to say that the super-sized addition of supply by the producer club at the weekend was needed by the global market. Oil prices eked out gains this week, a sign that the market has largely shrugged off the larger-than-expected output hike announced on Saturday by the Organization of the Petroleum Exporting Countries and allies. Despite the current tightness, forecasters are pointing out that supply growth is at risk of outpacing demand later in the year. “You can see that even with…

New Delhi: Petronet LNG Ltd (PLL) has signed a long-term regasification agreement with Performance Chemiserve Ltd (PCL), a Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) group company, for approximately ₹1,200 crore over a 5.5-year period.The agreement, signed on July 10, 2025, provides for PLL to receive, store, and regasify around 25.6 trillion British thermal units (TBTUs) of imported liquefied natural gas (LNG) per year at its Dahej terminal in Gujarat. The regasification is scheduled to commence between May and July 2026 after an initial ramp-up period and will continue until December 31, 2031.The deal is expected to generate additional revenue…

As advertising giants try to shed their analog roots, WPP has raided one of the world’s biggest tech giants to find its next leader.The UK-based ad giant on Thursday announced that Microsoft executive Cindy Rose, 59, will succeed Mark Read as chief executive on September 1.Insiders and shareholders told Business Insider they were hopeful Rose would steady the ship after a rocky period.The appointment was announced the day after WPP had issued a surprise profit warning on Wednesday, saying cautious clients were spending less and less keen on pitches.Three company insiders expressed relief to BI that the CEO search was…

Trafigura Group-owned Greenergy has begun consultations on a proposal to halt production at one of its two UK biodiesel plants, as uncertainty about the country’s biofuels industry grows.  Despite cost-cutting efforts, the plant in Immingham, Lincolnshire “has continued to be negatively impacted by market factors, including slower increases in the UK’s biofuels blending mandates compared to European countries and competition from subsidized US-origin products,” the company said in a statement.  Greenergy and British ethanol plants want the government to revise policy to support the sector. The industry is seeking increased blending mandates – above the current 10 percent levels – as cheaper American…

The European Financial Reporting Advisory Group (EFRAG) revealed that it is currently considering changes to the European Sustainability Reporting Standards (ESRS) underlying the EU’s CSRD regulation that would reduce datapoints reported by companies by approximately two-thirds, and include a “drastic decision” to eliminate voluntary disclosure, or “may” datapoints. The plans were released with the publication of EFRAG’s “Amended ESRS Exposure Draft,” ahead of a meeting to discuss the draft. EFRAG specified that the draft does not yet represent its official position on its ESRS update. If approved, the changes would mark an even more dramatic reduction in datapoints than EFRAG’s recently…

Chinese state-owned oil and gas exploration and production company CNOOC Limited has brought in Zhang Chuanjiang as board chairman, non-executive director, nomination committee chairman and Chairman of the Strategy and Sustainability Committee effective July 8. Zhang previously served as Deputy General Manager and General Manager of the Ordos Coal-to-Liquids Branch of China Shenhua Coal to Liquid and Chemical Co. Ltd., Chairman of China Shenhua Coal to Liquid and Chemical Co. Ltd., and the Director of the Chemical Industry Operation and Management Center of China Energy Investment Corp. Co. Ltd.  Chuanjiang also served as Chairman of CHN Energy Ningxia Coal Industry…

“There is no peak oil demand on the horizon,” OPEC Secretary General Haitham Al Ghais wrote in the foreword of OPEC’s latest World Oil Outlook (WOO), which sees global oil demand growing by about 19% from now until 2050 to reach 123 million barrels per day (bpd).In view of slowing Chinese demand growth, OPEC revised down its oil demand growth forecasts for all years between 2025 and 2029.However, global economic development with growing demand for oil and an increasing global population and middle class are set to underpin demand growth in the coming decades.OPEC reiterated its view that there is…