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The European People’s Party, the largest political party in the EU Parliament, has called on the European Commission to withdraw the proposed Green Claims Directive, aimed at protecting consumers from greenwashing claims about the environmental attributes of products and services, arguing that the new rules would be overly burdensome and complex, and that the positive impact of the directive is unclear. In a letter to EU Commissioner for Environment, Water Resilience and a Competitive Circular Economy Jessika Roswall, EPP representatives said that the party would not be able to endorse the new directive in upcoming trilogue negotiations between the Commission,…
Norway’s Energy Ministry has offered Equinor ASA new acreage to explore potential carbon dioxide (CO2) injection sites in Norwegian waters. License EXL014 covers blocks 8/5, 8/6, 8/8, 8/9, 8/12, 9/7 and 9/10 on Norway’s side of the North Sea, according to a work program published online by the Norwegian Offshore Directorate. “The license is offered with a binding work program with built-in milestones to ensure fast and efficient progress or relinquishment of the acreage if the licensees do not complete the storage project”, the ministry said in a statement. This is the eighth time Norway has awarded acreage for CO2…
The Railroad Commission of Texas (RRC) has recently imposed over $1.4 million in penalties on oil and gas operators for violations. These penalties were assessed during the June 2025 Commissioners’ Conference, with a total of $1,423,831.00 levied across various enforcement dockets according to The Railroad Commission of Texas. The RRC is the state agency responsible for regulating the oil and gas industry in Texas, including pipeline safety. The penalties are part of the RRC’s ongoing efforts to ensure compliance with state regulations and maintain safety standards within the oil and gas sector. The fines are issued through various enforcement actions, including default…
This as-told-to essay is based on a conversation with Elaine Ryan, a psychologist with two decades of experience. The following has been edited for length and clarity.I’m a psychologist. I don’t work with clients one-to-one anymore because I spend most of my days writing, but I still hear from people — past clients and readers.Over the past year, I’ve noticed a new kind of unease creeping into the conversations I have with people. They don’t come to me saying, “I have AI anxiety.” Just like no one used to say, “I have job anxiety” or “relationship anxiety.” They simply say,…
Nuclear technology company TerraPower announced the closing of a funding round which raised $650 million, securing investment from a mix of existing and new backers, including NVentures, the venture capital arm of NVIDIA. This is a significant milestone for the U.S.-based nuclear innovation company – which was founded by Microsoft’s Bill Gates, who currently serves as Chairman of the Board – as it looks to capitalize on mounting domestic support for the clean energy technology. Launched in 2006, TerraPower aims to use advanced nuclear technology to provide affordable and abundant carbon-free energy to meet growing electricity needs to enable economic…
Petroliam Nasional Bhd. (Petronas), Petronas-backed MISC Bhd., and Mitsui OSK Lines Ltd. (MOL) have announced the incorporation of a joint venture for the development of liquefied carbon dioxide (LCO2) carriers. The partners had already completed the front-end engineering design for a 62,000-cubic-meter (2.19 million cubic feet) LCO2 transport vessel, awarded to the Shanghai Merchant Ship Design and Research Institute. Classification firm DNV granted the design a General Approval for Ship Application certification last December, “establishing it among the most developed Low-Pressure Low-Temperature LCO2 carrier designs in the industry”, Petronas said in an online statement. The JV, called Jules Nautica Sdn. Bhd.,…
The latest attempt to rewrite federal environmental protection laws won’t be “credible” unless it forces decision-makers to consider climate change when assessing projects, advocates have warned, as consultation on the changes begins.Select environment groups, miners, business and farming chiefs joined the new environment minister, Murray Watt, for a roundtable in Canberra on Thursday.The Climate Council chief executive, Amanda McKenzie, said the laws would remain “broken” without some mechanism to account for climate impacts, which she described as the “biggest concern for Australia’s environment”.“It is not good enough for the Australian government to push climate change out of the frame,” McKenzie…
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Australia’s Santos Ltd. said the BW Opal floating production, storage, and offloading (FPSO) vessel arrived at the Barossa gas field. This is a critical milestone on the path to first gas in the third quarter of 2025, Santos said in a media release, adding that the FPSO has been hooked up with final commissioning already in progress. The FPSO is the production centerpiece of Santos’ Barossa liquefied natural gas (LNG) project. Santos said it and joint venture partners SK E&S and JERA Co. Inc. have invested $3.95 billion (AUD6.07 billion at today’s rates) on the Barossa LNG project to date.…
(Bloomberg) – U.S. crude stockpiles declined the most in almost a year last week, signaling a tighter market for American oil just as the Israel-Iran conflict threatens supplies from the Middle East. Oil inventories dropped 11.5 million barrels in the week through June 13, the steepest slide since late June 2024, according to data released Wednesday by the U.S. Energy Information Administration (EIA). The bulk of the decline came from the U.S. Gulf Coast, a key region that accounts for most U.S. oil exports. Stockpiles there are now the lowest since December 2023. The drawdown was driven by…