Author: omc_admin

Rubicon Carbon integrates DAC credits for the first time by partnering with Deep Sky, expanding its portfolio with permanent carbon removal solutions. Deliveries of high-integrity carbon credits begin in 2025, extending through 2033 and offering Rubicon’s clients early access to next-gen DAC innovation. Deep Sky’s Canadian advantage—low-carbon grid, supportive policy, and ideal geology—positions it to scale DAC rapidly, backed by over $100M in funding. Deep Sky, a Canadian-based Direct Air Capture (DAC) project developer, has entered a multi-year offtake agreement with Rubicon Carbon, marking the first time Rubicon will feature DAC credits in its carbon portfolios. The deal runs from…

Germany’s economy ministry is studying options for how to exit nationalized energy company Securing Energy for Europe GmbH, people with knowledge of the matter said.  Some officials have been holding early-stage deliberations as they evaluate a range of possible ways to exit SEFE, which could include a sale or breakup of the business, or a potential merger with fellow nationalized energy company Uniper SE, according to the people. The economy ministry department overseeing SEFE is tasked with drawing up a plan by mid-2025. SEFE, a former Gazprom unit, has itself been speaking with Boston Consulting Group as it seeks to…

Tesla Inc. Megapack batteries at the Victorian Big Battery site operated by Neoen SA in Moorabool, Victoria, Australia, on Friday, Feb. 3, 2023. Elon Musk helped accelerate a transformation of Australias electricity grid to replace fossil fuels with clean power now it’s a testing ground for global climate action. Photographer: Carla Gottgens/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesTesla has signed its first deal to build a grid-scale battery power plant in China amid a strained trading relationship between Beijing and Washington.The U.S. company posted on the Chinese social media service Weibo that the project would be the largest…

Chevron Corp. has acquired two leaseholds in the Smackover Formation spanning about 125,00 net acres, saying the purchases mark the first step in its establishment of a commercial-scale lithium business in the United States. The acreage positions, from East Texas Natural Resources LLC and The Energy & Minerals Group’s TerraVolta Resources, straddle Northeast Texas and Southwest Arkansas, Chevron said. The U.S. Geological Survey (USGS) in 2024 reported 5-19 million metric tons of lithium reserves in Southwest Arkansas’ portion of Smackover, based on a study led by the government-run agency. “Future development will aim to utilize the direct lithium extraction process, a…

PANAMA CITY (AP) — Panama suspended constitutional protections for five days in its northwestern Bocas del Toro province Friday after two months of protests and road blockades turned more destructive the previous night.Presidential Minister Juan Carlos Orillac said in a news conference that the move would allow the government to reestablish order and “rescue the province” from “radical groups.”What began as nationwide protests against changes to the social security system morphed Thursday night into people damaging the local airport and the facilities of banana giant Chiquita Brands, which fired thousands of striking workers in the province last month.Panamanian President José…

$231 million investment: HPCL to build 24 compressed biogas (CBG) plants in 2–3 years to cut emissions and support energy transition. CBG mandate scaling up: India’s government mandates 1% CBG blending in auto and cooking gas, targeting 5% by 2028–29. Strategic energy shift: Move aims to reduce LNG imports and increase gas share in India’s energy mix from 6% to 15% by 2030. Hindustan Petroleum Corp Ltd (HPCL) will invest ₹20 billion ($231 million) over the next two to three years to construct 24 compressed biogas (CBG) plants through its subsidiary, HPCL Renewable and Green Energy Ltd. “Each facility will…

$18M investment round, led by Builders Vision, strengthens Carbon Upcycling’s push to decarbonize cement manufacturing. Flagship project at Ash Grove’s Mississauga plant and new partnership with TITAN Group mark major commercial milestones. Technology turns captured CO₂ and local waste into scalable cement alternatives, reducing emissions and strengthening supply chains. Carbon Upcycling Technologies has closed an $18 million funding round, led by impact-focused investor Builders Vision, to accelerate the commercialization of its carbon capture and utilization (CCU) technology for the cement industry. The raise follows a period of rapid momentum, including a flagship project at the Ash Grove Mississauga Cement Plant…

Coldplay to reissue nine albums using EcoRecords made from recycled plastic bottles, cutting carbon emissions by 85%. Each 140g record repurposes approximately nine PET bottles through innovative injection-moulding. Follows band’s climate-conscious strategy, which already reduced tour emissions by 59% from their previous stadium tour. British band Coldplay is reissuing nine of their albums on EcoRecords—LPs manufactured from recycled plastic bottles—dramatically reducing the environmental impact of physical music production. The clear 140g records are created using 100% recycled polyethylene terephthalate (rPET), with each disc containing the equivalent of nine PET bottles. The innovative injection-moulding process reduces carbon emissions by 85% compared…

As my daughter can attest, it’s a tough job market out there. She’s a mechanical engineer, which seems steady demand-wise. But many of her college friends are struggling to find that crucial entry-level job or internship. Some are wondering if computer science and similar courses were the right decision, with AI automating software tasks at companies.Just look at what’s happening at Amazon. CEO Andy Jassy said this week that his corporate workforce will shrink over the next few years as the company uses more generative AI tools and agents.Not so coincidentally, Business Insider just spent weeks interviewing Gen Z tech…

La Caisse will invest $400 billion in climate action by 2030 after halving its portfolio’s carbon footprint. Strategy focuses on real economy decarbonization and scaling future-oriented climate solutions. New investments target four categories: low-carbon assets, nature-based solutions, resilience, and enablers. Caisse de dépôt et placement du Québec (La Caisse) has unveiled a bold 2025–2030 climate strategy targeting $400 billion in climate action investments by the end of the decade. The announcement follows La Caisse’s outperformance of its previous climate goals, achieving a nearly 50% reduction in its portfolio’s carbon footprint by 2024—while global emissions rose by 6%. “Since 2017, our approach…