SLB to Acquire 80% of Aker Carbon Capture: A Massive Boost for CCUS
Schlumberger aka SLB, the leading oilfield services company in the US Schlumberger aka SLB, the leading oilfield services company in the US has acquired a majority stake in Norway’s Aker Carbon Capture...
View ArticleIs the Battery Boom Heating Up? California Leads the Charge!
California ISO (CAISO) is gearing up for another rapid expansion in battery storage capacity in 2024, building upon its position as the leading provider of electrochemical energy storage assets in the...
View ArticleCopper’s Price Breakout and Big Role in a Net Zero World
Copper is a metal in high demand amidst the energy transition towards net zero emissions and low carbon. This demand stems from its crucial role in powering many technologies pivotal to this...
View ArticleDenmark Made Largest Government CDR Purchase of Almost $24 Million
Denmark has made history with the largest government procurement of durable carbon dioxide removal (CDR), totaling almost $24 million (Dkr 166 million). The Danish Energy Agency has awarded contracts...
View ArticleScotiabank Launches 2024 Net Zero Research Fund
On April 16, 2024, The Bank of Nova Scotiabank aka Scotiabank, one of the biggest Canadian multinational banking and financial services companies headquartered in Toronto, Ontario announced its...
View ArticleTesla Profits Dip But Carbon Credits Revenue Up, 38% of Net Income
Elon Musk’s Tesla continues to capitalize on the need of its competitors to comply with emissions standards, a business model that has proven highly profitable for the electric vehicle (EV) company. As...
View ArticleCobalt Crunch: Prices Plummet, Supply Challenges Loom in the Race to Net Zero
Decarbonization efforts, aiming for Net Zero emissions, require significant changes in the energy sector. This transition requires shifting from fossil fuels to metals and critical minerals like...
View ArticleLower Royalty Rates Give Lithium Producers a Lifeline
Analysts anticipate that reducing royalty rates could provide much-needed relief for lithium producers grappling with plummeting prices. The decline in lithium prices since the beginning of 2023 has...
View ArticleSilver to See Growing Deficit in 2024 as Supply Struggles
The global silver deficit is anticipated to increase by 17%, reaching 215.3 million ounces in 2024. This rise is attributed to a 2% growth in demand primarily driven by robust industrial consumption,...
View ArticleGEO Prices Fall by 27% But VCM Volume Rose, Xpansiv Report
VCM spot volume experienced an uptick last week, largely due to acquisitions from Australian firms gearing up for end-of-month and annual reporting obligations, according to Xpansiv data. These...
View ArticleMicrosoft Teams Up with Aker Carbon Capture and CO280 to Boost CDRs
In a recent announcement, CO280 and Aker Carbon Capture are partnering with Microsoft to supply considerable amounts of cost-effective and high-quality Carbon Dioxide Removals (CDRs) to the market....
View ArticleXpansiv Chosen To Open Carbon Credit Exchange in Saudi Arabia
The Regional Voluntary Carbon Market Company (RVCMC) announced its partnership with Xpansiv, a leading market infrastructure provider in the global energy transition. The goal is to facilitate the...
View ArticleEU Commission Backs Germany’s Renewable Hydrogen Plan with $380M Funding
The EU Commission made history by approving $380M (€350m) German scheme to bolster renewable hydrogen production in Germany. The scheme was released this month under the EU state aid rules. It would be...
View ArticleMethane Offsets Provider Zefiro Methane Goes Public on Cboe Canada
Zefiro Methane Corporation announced that its common shares started trading on the Cboe Canada Exchange under the ticker symbol ZEFI. This milestone follows Zefiro Methane’s successful Initial Public...
View ArticleCopper and the Need to Meet the World’s Rewiring Demand for Energy Transition
Avoiding a climate catastrophe and reducing carbon emissions poses significant technical and societal challenges. Transitioning power and transportation systems, in particular, to rely on renewable...
View ArticleRimba Raya REDD+ Project Revocation Rattles Carbon Market
The project developer of the prominent Rimba Raya REDD+ initiative expressed surprise over not being notified about the revocation of its forest license in Indonesia, as reported recently in the local...
View ArticleCoal Power is Accelerating Despite the Energy Transition
In a significant development for the global energy landscape, China has led a surge in coal-power capacity, driving the world’s total to a record high in 2020, according to a new report from Global...
View ArticleVerra’s VCS Program Update: Navigating CORSIA and ICVCM Alignment
Verra, a leading non-profit VCM registry in the US has recently released updates to its Verified Carbon Standard (VCS) Program. The latest release, VCS Standard v4.7, introduces enhancements to the...
View ArticleMercedes-Benz Reveals First-Ever Electric G-Wagon
As automakers and suppliers invest heavily in electric vehicle (EV) capacity and technology development, the actual demand for EVs has yet to catch up, leading carmakers to adjust their production...
View ArticleGreen Star Royalties Invests $5.6M In NativState LLC for Carbon Offset Portfolio
Green Star Royalties, the world’s first carbon credit royalty and streaming company boasts funding top-notch North American nature-based climate solutions. It’s a joint venture between Star Royalties...
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