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The U.S. Energy Information Administration (EIA) cut its average Brent oil spot price forecast for 2025 and 2026 in its latest short term energy outlook (STEO), which was released on May 6. According to that STEO, the EIA sees the Brent spot price averaging $65.85 per barrel this year and $59.24 per barrel next year. In its previous STEO, which was released in April, the EIA projected that the Brent spot price would average $67.87 per barrel in 2025 and $61.48 per barrel in 2026. The EIA’s latest STEO sees the commodity averaging $65.04 per barrel in the second quarter…

The National Oceanic and Atmospheric Administration is retiring its public database meant to keep track of the cost of losses from climate change-fueled weather disasters including floods, heat waves, wildfires and more. It is the latest example of changes to the agency and the Trump administration limiting federal government resources on climate change.NOAA falls under the U.S. Department of Commerce and is tasked with daily weather forecasts, severe storm warnings and climate monitoring. It is also parent to the National Weather Service.The agency said its National Centers for Environmental Information would no longer update the Billion-dollar Weather and Climate Disasters…

If Shell Plc were to acquire BP Plc, it would be among the largest deals in European history, creating for the first time a European oil major that could challenge industry leaders Exxon Mobil Corp. and Chevron Corp. The circumstances for such a takeover might not be auspicious for BP — its shares have lost almost a third of their value in the last year and investors are unconvinced by the company’s turnaround plan — but the deal would be transformative for Shell. Since Bloomberg reported that Shell has been studying the merits of an acquisition — something both companies have so…

Carbon Negative Construction: Holcim’s new biochar technology locks in CO₂, turning buildings into long-term carbon sinks. First Full-Scale Application: Technology debuts in a Basic Services Unit prototype developed with Pritzker Prize-winner Alejandro Aravena. Sustainable and Scalable: Integrates recycled aggregates and low-carbon cement formulations without compromising performance. Holcim, in collaboration with renowned architect Alejandro Aravena and his firm ELEMENTAL, has introduced a breakthrough in sustainable construction: a biochar-based concrete mix that actively removes carbon from the atmosphere. Launched at the 2025 Architecture Biennale in Venice, the innovation is showcased in a full-scale Basic Services Unit housing prototype. “Holcim is the leading…

London: OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed U.S. attempts to curb the flows and smaller drops in Iraq and Libya.The Organisation of the Petroleum Exporting Countries pumped 26.60 million barrels per day last month, down 30,000 bpd from March’s total, the survey showed on Thursday, with cuts by some producers offsetting higher Iranian supply. The reduction comes despite OPEC+, which comprises OPEC and its allies including Russia, beginning in April to unwind its most recent layer of output cuts.…

AI-Driven Insights: The Sustainability Atlas uses generative AI to deliver actionable sustainability intelligence for leaders and policymakers. Global Comparability: Offers cross-geography analysis on sustainability risks and opportunities, enhancing regional strategy decisions. Sector-Specific Utility: Enables deep dives into industry challenges across energy, finance, manufacturing, and more. Infosys and Economist Impact have launched The Sustainability Atlas, an AI-powered decision-making tool designed to help businesses and policymakers advance their sustainability strategies with data-backed precision. Built on Infosys Topaz, a generative AI suite, the Atlas draws from 18 Economist Impact indices, over 1,700 indicators, and 500+ expert reports to offer streamlined, trustworthy insights into…

(Oil Price) – The Rockefeller Foundation is launching a Coal to Clean Credit Initiative (CCCI), with which it will aim to support 60 projects by 2030 to help close coal-fired power plants in developing countries. As part of the first efforts of the new initiative, the Rockefeller Foundation will collaborate with ACEN Corporation, GenZero, Keppel, and Mitsubishi for a pilot project in the Philippines, the foundation said on Wednesday. The Rockefeller Foundation, set up by John D. Rockefeller in 1913, said back in 2020 that it had decided to divest from fossil fuels and not make any new investment in the industry. The Rockefeller Foundation…

Google commits early-stage capital to support three 600MW advanced nuclear sites in the U.S. Elementl targets over 10 GW of clean energy by 2035 through strategic utility and technology partnerships. Agreement fast-tracks nuclear innovation to meet rising AI energy demands and corporate net-zero goals. Elementl Power Inc. has signed a strategic agreement with Google to advance the development of three advanced nuclear energy sites across the U.S., marking a major step toward deploying next-generation baseload power. As part of the deal, Google will provide early-stage development capital to support each site, which is expected to generate at least 600 megawatts…

Germany’s wind and solar power output has slumped to the lowest in ten years since the start of the year, at just 80 TWh over the first four months of 2025, data from climate think tank Ember has shown.As a result, Europe’s biggest economy has ramped up gas and coal generation by 10% from a year ago, with the share of hydrocarbons in its energy mix rising to the highest in seven years.The main reason for the drop in wind and solar generation was low wind speed, which hit total wind power output hard: generation was down 31% on the…

Carmakers gain flexibility: Compliance will be measured over 2025–2027, not annually, easing pressure during the EV transition. Regulatory clarity secured: The Council fully endorsed the European Commission’s proposal with no amendments. Fast-track adoption likely: European Parliament vote on May 8 may result in swift enactment, pending legal review. The Council of the European Union has endorsed a key amendment to CO₂ emissions regulations for new passenger cars and vans, granting automakers a more flexible path to meet 2025 emissions targets. Under the approved mandate, compliance will be assessed as a three-year average across 2025, 2026, and 2027, instead of annually.…