Author: omc_admin

Chemicals and materials science giant Dow and Google’s breakthrough technologies initiative, X The Moonshot Factory, announced the launch of a new partnership aimed at improving the circularity of hard to recycle plastics such as films and flexibles, by using AI technology in recycling systems. According to the companies, the new collaboration comes to address a key challenge to improving plastics circularity, with films and flexibles – which are becoming increasingly common due to their ability to protect perishable products such as food – often composed of different types of plastics and used together with other materials, making them difficult to…

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Two men who say they are being failed by the UK’s flawed response to climate breakdown are taking their case to Europe’s top human rights court.Doug Paulley and Kevin Jordan say their lives have been ruined by the rising temperatures and extreme weather caused by the climate crisis, and that the government’s response fails to respect their human rights.UK courts have so far rejected their efforts at forcing the government to rethink its approach, and so they are taking their case to the European court of human rights (ECHR), where they will try to convince judges that their fundamental rights…

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Mumbai: Shell, Reliance Industries (RIL), and Oil and Natural Gas Corporation (ONGC) – the Panna-Mukta and Tapti (PMT) joint venture (JV) partners – on Monday said they have successfully completed the country’s first offshore facilities decommissioning project with the safe removal of mid and south Tapti field facilities.According to the official press release, the milestone project involved removal of five wellhead platforms, associated infield pipelines, load-in at the onshore dismantling yard and the safe plugging and abandonment of 38 wells — all executed in line with the approved decommissioning plan. The production from the Tapti fields ceased in March 2016.…

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Stay informed with free updatesSimply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox.US oil and gas group Sunoco has struck a $9.1bn deal to buy Canadian rival Parkland in a cross-border transaction that will create the biggest fuel distributor in the Americas during a sensitive time for relations between the two countries. Under the terms of the deal announced on Monday, Parkland shareholders will receive C$19.80 ($14.32) a share and the remainder in Sunoco stock, equivalent to about one Sunoco share for every 3.4 Parkland shares. The takeover values Parkland at a…

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A group of 30 investors* representing $1.6 trillion in assets under management, led by responsible investing NGO ShareAction, called on HSBC at its AGM on Friday to restate its net zero commitments, noting that recent moves by the bank have created “deeply concerning signals” around its climate priorities. The investor statement follows an announcement by HSBC earlier this year of a decision to push back its 2030 target to achieve net zero emissions in its operations and supply chain by 20 years to 2050, and that it is placing its interim targets to reduce financed emissions in key carbon-intensive industries…

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Plus: Elon Musk runs out of ideas to save Tesla; cheaper, domestically sourced lithium-sulfur batteries Current Climate brings you the latest news about the business of sustainability every Monday. Sign up to get it in your inbox. Downtown Los Angeles shrouded by smog in 1956.Getty Images California has had the nation’s toughest air pollution rules for decades for a simple reason: the most densely populated part of the Golden State has the nation’s dirtiest air, the result of vast numbers of cars and trucks, a dry climate and mountains that prevent exhaust from dissipating. For that reason, since 1967, the…

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Cargo theft remains a persistent threat to the logistics industry, with incidents becoming more sophisticated and harder to stop. Milan Luketic, Chief Technology Officer at Birdseye Security Solutions, believes AI-powered surveillance can help flip the script—detecting threats early, streamlining gate operations, and potentially stopping crimes before they happen. In this Q&A, Luketic explains how AI is reshaping facility security and why it might be more cost-effective than hiring human guards. What’s RelatedSupply Chain 24/7: Cargo theft is a growing concern in transportation and logistics. From your vantage point, why is this still such a persistent issue? Milan Luketic: Cargo theft has been…

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The decision added immediate downside pressure to oil markets, with both Brent and WTI falling over $1 per barrel in early trading. As the session progressed, oil futures began clawing back some losses. However, the bearish tone remains dominant given heightened supply concerns. Demand Uncertainty Compounds Bearish Tone Traders remain wary of the demand side of the equation. ING cited ongoing demand uncertainty driven by tariff risks and weak refined fuel consumption, particularly in Asia. Vortexa data shows a 150 million barrel build in global onshore and floating crude inventories since mid-February, reinforcing the surplus narrative. Adding barrels into a…

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The Trump administration’s sweeping cuts to disaster management will cost lives in the US, with hollowed-out agencies unable to accurately predict, prepare for or respond to extreme weather events, earthquakes and pandemics, a leading expert has warned.Samantha Montano, professor of emergency management at Massachusetts Maritime Academy and author of Disasterology: Dispatches from the Frontlines of the Climate Crisis, said the death toll from disasters including hurricanes, tornadoes and water pollution will rise in the US unless Trump backtracks on mass layoffs and funding cuts to key agencies. That includes the Federal Emergency Management Agency (Fema), whose work relies heavily on…

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HSBC Asset Management’s Global Head of Sustainability Erin Leonard will be leaving the firm, ESG Today has confirmed, marking the latest in a series of changes to HSBC’s sustainability-focused executive ranks. Leonard’s departure comes as HSBC undergoes a restructuring under new CEO George Elhedery. In November 2024, the firm announced the departure of Group Chief Sustainability Officer Celine Herweijer, after the restructuring resulted in the CSO no longer being included on the bank’s Group Executive Committee. HSBC appointed Julian Wentzel as its new CSO in February, and the firm also recently launched a low-carbon transition-focused infrastructure finance business headed by…

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