Author: omc_admin
It’s not too late to delete your 23andMe data. Twenty-seven states and the District of Columbia sued the DNA testing company on Monday to prevent it from selling customers’ genetic data without requiring “explicit consent.”In the complaint, filed on Monday in the US Bankruptcy Court in the Eastern District of Missouri, the states said they want to enforce consumer protection and data privacy laws on behalf of their residents. “Virtually all of this personal information is immutable. If stolen or misused, it cannot be changed or replaced. Furthermore, this data is exclusively personal and unique, representing that customer’s identity and…
Image: Equinor’s Oseberg Field. Copyright Harald Pettersen. Baker Hughes will provide Equinor plug and abandonment (P&A) services in the Oseberg East field on Norway’s continental shelf. Baker Hughes’ Mature Assets Solutions team will lead the integrated P&A campaign planning phase, as well as delivering integrated P&A services in execution across several wells in the North Sea. Baker Hughes has a history of successful integrated P&A projects, as well as its innovative portfolio of Mature Assets Solutions with a proven track record of increasing efficiency, accelerating timelines and reducing total operating costs. Through this integrated P&A program, Baker Hughes will plug…
Geothermal energy project developer Fervo Energy announced that it has secured $206 million in project capital aimed at accelerating the development of its geothermal project in Utah, with the potential of generating 2 GW of carbon-free energy for the grid. Founded in 2017, Houston Texas-based Fervo Energy focuses on the development of enhanced geothermal systems (EGS) projects to deliver carbon-free energy. The company uses techniques such as horizontal drilling and distributed fiber optic sensing to make reservoirs of hot rock that exist beneath the earth’s surface into clean energy sources. The company is currently developing its first greenfield development, Cape…
Nescafé sourced 32% of its coffee via regenerative agriculture in 2024, exceeding its 2025 goal by 12%. Greenhouse gas emissions dropped by 20–40% per kilogram of coffee, while regenerative methods boosted farmer resilience. A $500–600M annual investment in regenerative agriculture could yield $2B+ in income and cut 3.5M metric tons of CO₂e. Nescafé has outperformed its 2025 regenerative agriculture goal a year early—sourcing 32% of its coffee in 2024 from farms using regenerative practices, against its target of 20%. This milestone, revealed in the latest Nescafé Plan 2030 Progress Report, reflects the growing momentum for sustainable farming practices amid rising…
ETS Pilot Targets Steel, Cement & Power: Vietnam’s pilot emissions trading scheme (ETS) covers ~50% of national CO₂ emissions through 2029. First Permits Allocated by Year-End: Emission allowances for 2025–2026 to be issued by end of 2025; excess emitters must buy credits. Net Zero 2050 Strategy Underway: ETS is a foundational step toward Vietnam’s net zero target, amid a coal and steel production surge. Vietnam has formally launched the first phase of its emissions trading scheme (ETS), targeting three carbon-heavy industries—steel, cement, and thermal power—in a bid to bring down its rising carbon footprint. Under the government decree, these industries…
The financial cost to reach net zero by 2050 may shape the Coalition’s decision on whether to retain or abandon the target, the new shadow minister, Dan Tehan, says, as he prepares to lead a heavily contested internal review of the policy.The opposition is poised for a protracted brawl over climate targets after the new Liberal leader, Sussan Ley, put all of its policies up for debate after the Coalition’s federal election defeat.The Coalition remained deeply torn on net zero, with Nationals such as Matt Canavan and Barnaby Joyce campaigning for the commitment to be dumped and Liberals including Andrew…
$55M Series B led by Menlo Ventures to accelerate product innovation, team growth, and market expansion. 10,000+ buildings using Runwise have already saved over $100M in energy costs, with up to 30% efficiency gains. Strategic positioning at the AI–built environment intersection drives investor confidence and category leadership. Runwise, a leading smart operating system for buildings, has raised $55 million in Series B funding to scale its platform and deepen its presence in key markets. The round was led by Menlo Ventures, with significant participation from MassMutual Ventures, Nuveen Real Estate, Multiplier Capital, and Munich Re Ventures, among others. This brings…
The combined net profits of Russia’s oil and gas companies nearly halved in the first quarter from a year earlier, while petroleum revenues for the budget have been falling with the decline in oil prices in recent months.The net profits of the Russian oil and gas firms slumped to $9.9 billion (789.5 billion Russian rubles) in the first quarter of 2025, down from $18 billion (1.445 trillion rubles) for the same period of 2024, according to data from Russia’s statistics agency Rosstat cited by The Moscow Times.The drop in oil prices, the tightening of Western sanctions, and the stronger Russian…
By Julianne Geiger – Jun 11, 2025, 9:37 AM CDT Crude oil inventories in the United States fell by 3.6 million barrels during the week ending June 6, according to new data from the U.S. Energy Information Administration released on Wednesday.Crude oil prices were trading up prior to the crude data release by the U.S. Energy Information Administration on positive signs from trade talks between the United States and China. On Tuesday, the American Petroleum Institute (API) reported a drop of 370,000 barrels in U.S. crude oil inventories, with a sizable build in gasoline and distillate stocks.At 10:10 am in…
Strategic ESG investment: Mitsubishi Electric’s ME Innovation Fund backs Archeda to strengthen the reliability of carbon credit systems via satellite data and AI. Market readiness: Investment aligns with Japan’s upcoming 2027 emissions trading scheme, targeting companies emitting over 100,000 tons of CO₂ annually. Tech-driven validation: Archeda’s AI-powered environmental monitoring tackles one of the biggest barriers to carbon credit scalability—trustworthiness. Mitsubishi Electric Corporation has made its 11th investment from the ME Innovation Fund, backing Japan-based startup Archeda, Inc., which develops carbon credit monitoring and analysis tools using satellite data. The move strengthens Mitsubishi Electric’s strategy to scale ESG-related technologies and support…