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The Network of Central Banks and Supervisors for Greening the Financial System (NGFS), announced today the launch of its first set of short-term scenarios, aimed at enabling central banks and financial sector supervisors to analyze the near-term impact of climate change and climate-related policies on the stability and resilience of economies and financial systems. The NGFS was established in 2017, with the purpose of helping to strengthen the global response required to meet the goals of the Paris agreement and to enhance the role of the financial system to manage risks and to mobilize capital for green and low-carbon investments…
Rebrands ESG as “Energy, Security and Geostrategy” to align capital markets with Europe’s strategic autonomy goals. Launches new thematic indices tracking defence, energy, and critical infrastructure to increase investor access. Overhauls ESG index methodology to ease defence sector participation while maintaining alignment with EU regulations. Euronext is leading a strategic shift in European capital markets by redefining ESG—traditionally known as Environmental, Social, and Governance—as Energy, Security, and Geostrategy. The move aims to channel investment into sectors critical to Europe’s autonomy and resilience, particularly defence, energy, and infrastructure. “Since 2022, and even more in recent months, we have witnessed the emergence…
Zephyr Energy has announced successful initial results from the production test on the State 36-2 LNW-CC-R well at the company’s flagship project in the Paradox basin, Utah. During the production test, the well was tested at multiple flow rates in order to gather data to determine the flow capacity of the well, to provide an early estimate of potential resource volumes, and to obtain high quality fluid samples. We are pleased to report that the production test successfully delivered on all these key objectives, and, most importantly, the test data gathered suggests that there is more than sufficient…
Amazon to install over 70 automated packaging machines in Europe by year-end, scaling further through 2027. Made-to-fit packaging reduces delivery emissions by optimizing material use and transport efficiency. New technologies—including on-demand paper bags and smaller labels—slash waste and packaging volume. Amazon is scaling up its packaging automation across Europe in a bid to slash waste and reduce the environmental footprint of its deliveries. The e-commerce giant will deploy hundreds of new machines at its European fulfilment centers, starting with over 70 installations in Germany, the UK, France, Italy, and Spain by the end of 2025. The initiative is set to…
EPCOR USA Inc., part of EPCOR Utilities Inc. (EPCOR), has signed a deal to divest its natural gas utility in Texas to SiEnergy Operating, a subsidiary of Northwest Natural Holding Co., for $60 million. Hughes Gas Resources Inc., or EPCOR Texas Gas, has about 6,900 metered connections and 353 miles of pipeline serving 12 communities northeast of Houston. “EPCOR Texas Gas, which has owned and operated the assets since 2017, is expected to have a rate base of approximately $46 million at the end of 2025”, a joint statement said. The parties expect to close the transaction this quarter. “With…
The Panna-Multa and Tapti (PMT) joint venture partners, Shell PLC, Reliance Industries Limited (RIL), and Oil and Natural Gas Corporation Limited (ONGC), have completed India’s first offshore facilities decommissioning project. According to ONGC, the project entailed the removal of mid and south Tapti field facilities, which ceased production in March 2016. The PMT joint venture operates the Tapti fields under a production sharing contract with the Indian government. ONGC holds a 40 percent share, while RIL and BG Exploration & Production India Ltd (BGEPIL-Shell) each hold 30 percent. ONGC said the project also involved the removal of five wellhead platforms, associated…
U.S. natural gas is trading higher today on a combination of technical factors and geopolitical tensions that pose the potential for supply disruptions. That’s what Art Hogan, Chief Market Strategist at B. Riley Wealth, told Rigzone in an exclusive interview on Wednesday when asked why the U.S. natural gas price is rising today. “Technically natgas is trading above key support of $3.47, which is the 50-day Exponential Moving Average (EMA),” Hogan said. “The next resistance sits at $3.72. On the fundamental side of things, the American Petroleum Institute data released yesterday reflected tighter supply,” he added. “Additionally, U.S. energy firms…
Amazon announced that it would deploy advanced machines for making custom-fit packaging across its European network, enabling the production of custom-made cardboard boxes and paper bags for customer deliveries. In addition to reducing waste and materials usage, Amazon highlighted sustainability benefits of the new packaging, including emissions reductions by maximizing vehicle space to enable more deliveries with fewer vehicles. The machines are capable of on-demand production of cardboard boxes tailored to the specific size of a shipped product, as well as on-demand production of made-to-fit paper bags. In addition, the company will utilize a high-speed auto-labelling machine that can place…
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United Airlines announced an investment in carbon transformation-focused cleantech company Twelve, supporting the company’s initiatives to turn CO2 into sustainable aviation fuel (SAF) using renewable energy. Founded in 2015, California-based Twelve produces chemicals, materials, and fuels from captured CO2 combined with water. The process is powered by renewable energy and produces water and oxygen as byproducts. According to Twelve, its SAF has the potential to reduce lifecycle greenhouse gas emissions by up to 90% compared to conventional jet fuel. The investment was made via the United Airlines Ventures Sustainable Flight Fund. Launched in 2023, the fund invests in and supports…