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(Update) October 3, 2025, 8:45 PM GMT+1: Article updated. Chevron Corp.’s El Segundo refinery in Los Angeles County has extinguished a fire that broke out Thursday night and shut multiple units. Firefighters responded after reports of an explosion at the El Segundo plant, south of Los Angeles airport, on Thursday evening at about 9:30 p.m. local time. The fire has been extinguished, according to a company statement Friday. “The fire originated at a process unit at the southeast corner of the refinery,” said Becky Robinson, a spokesperson for the city of El Segundo.  The blaze was isolated, and there were…

The global banking industry’s net zero target-setting group has announced it will shut down immediately, amid faltering climate commitments around the world.The Net Zero Banking Alliance (NZBA), which was rocked by a wave of departures after Donald Trump’s re-election, said its remaining members had “voted to transition from a member-based alliance and to establish its guidance as a framework”.“As a result of this decision, NZBA will cease operations immediately,” a spokesperson said.Sustainable investment campaigners offered mixed reactions to the move. Jeanne Martin, co-director of corporate engagement at the responsible investment group ShareAction, described it as “bitterly disappointing”.She said: “Senior bankers…

Industrial and electronic gas producer Inox Air Products (Inox AP) has started building a ₹500-crore electronic specialty gas hub at Dholera in Gujarat, said a top executive.The facility will look to cater to demand from the semiconductor manufacturing ecosystem being built around Tata Electronics in Dholera. Inox AP’s hub will produce and supply Ultra High Purity (UHP) bulk and specialty gases including nitrogen, oxygen, argon, and hydrogen, essential for advanced semiconductor fabrication. “We have been planning this facility for more than a year, and finally construction has begun,” Siddharth Jain, managing director, Inox Group told ET. “I am very hopeful…

ROME (AP) — More than 2 million people across Italy rallied in over 100 cities Friday for a one-day general strike to support the residents of Gaza and a humanitarian aid mission, Italy’s largest union said.Italian unions proclaimed the strike after the Global Sumud Flotilla that was trying to break Israel’s naval blockade to deliver aid to Gaza was intercepted by Israeli naval forces Wednesday night. Protests and demonstrations have sprung up all over Europe and globally since then, but they have been particularly strong in Italy.Italy’s conservative Prime Minister Giorgia Meloni had sharply criticized the strike. She anticipated it…

Sable Offshore Corp said it had filed a request before the California Office of the State Fire Marshal (OSFM) to restart the Las Flores Pipeline System, warning it would opt to divert oil flows outside the state if delays continue. The pipeline system is part of the Santa Ynez Unit (SYU) oil and gas production project, which has three production platforms in federal waters offshore Santa Barbara and a processing facility in Las Flores Canyon. SYU ceased flows 2015 after an oil spill that, according to the California Coastal Commission (CCC), released 123,000 gallons of oil and caused environmental damage…

Amid rising global energy demand, oil prices could jump above $100 per barrel if Russia’s oil is pushed out of the market, Russian President Vladimir Putin said on Friday. “It’s impossible to imagine that the loss of Russian oil volumes will preserve a normal situation in global energy and the economy,” Russian news agency Interfax quoted Putin as saying at an economic discussion forum in Russia. “This won’t happen, because even if in a bad dream one can imagine that it’s possible to take the Russian producer and Russian traders, who provide a substantial share [of the oil supply] on the world…

Kerala Cabinet approves India’s first state-level ESG policy to guide sustainable investment. Policy designed to attract low-pollution, environmentally aligned industries to the state’s industrial ecosystem. Move positions Kerala as a potential model for subnational ESG governance within India’s climate and economic framework. Thiruvananthapuram Pushes ESG Into State Policy The Kerala Cabinet has approved a state-wide environmental, social, and governance (ESG) policy, making it the first Indian state to formally embed ESG principles into its investment framework. The decision, announced Tuesday following a cabinet meeting chaired by Chief Minister Pinarayi Vijayan, aims to position Kerala as a preferred destination for ESG-compliant…

The Net-Zero Banking Alliance (NZBA) announced that it will cease operations, ending the activities of the UN-backed banking sector coalition dedicated to advancing global net zero goals through their financing activities. The decision was made following a series of high-profile departures from the coalition, leading to a vote by its member banks to significantly restructure the initiative from a membership-based alliance to a framework providing guidance for banks on setting decarbonization targets, and to support their climate transitions plans. In a statement provided to ESG Today, an NZBA spokesperson said: “Members of the Net-Zero Banking Alliance (NZBA) have voted to…

Masdar secures 49.99% stake in four operational Spanish solar plants, adding 446 MW of capacity. Transaction lifts Masdar’s gross operational capacity in the Iberian Peninsula to 3.2 GW, with more than 2 GW in the pipeline. Spain cements role as a strategic hub in Europe’s energy transition as Masdar deepens partnership with Endesa. Masdar has completed the €368 million ($392 million) acquisition of a near-50% stake in a portfolio of four solar photovoltaic plants in Spain, strengthening its position in one of Europe’s most competitive renewable energy markets. The deal, closed with Endesa’s renewable subsidiary Enel Green Power España, brings…

Executives from oil and gas firms have revealed where they expect the Henry Hub natural gas price to be at various points in the future in the third quarter Dallas Fed Energy Survey, which was released recently. The survey asked participants what they expect Henry Hub natural gas prices to be in six months, one year, two years, and five years. Executives from 121 oil and gas firms answered this question and gave a mean response of $3.35 per million British thermal units (MMBtu) for the six month mark, $3.53 per MMBtu for the one year mark, $3.94 per MMBtu…