Focus on Fuel
Development bank financing pledge gives COP29 summit early boost
Lenders, including the World Bank, aim to increase climate financing to poor and middle-income countries by 60% from 2023.
Biden officials ask EU to align methane rules with US to ease LNG flows, letter says
Biden asks EU to accept U.S. LNG meeting U.S. methane rules as meeting EU standards.
Global CO2 emissions to hit record high in 2024, report says
Global CO2 emissions will hit a record 41.6 billion tons in 2024, worsening climate impacts despite renewable energy progress.
Mexico plans to set aside $6 billion for Pemex in draft budget, Bloomberg reports
Mexico plans a $6B allocation in its 2025 budget to aid debt-laden Pemex, addressing its $120B combined financial and provider debt.
Suncor Energy earnings rise to $2.02 billion in third quarter
Suncor Energy posts a Q3 profit of $2.02B, up from $1.54B last year, with refinery utilization hitting 105 per cent.
US oil industry urges Trump to ditch Biden climate policies
The U.S. oil industry urges Trump to roll back Biden's climate policies, citing job security, energy independence, and consumer choice.
Plains All American agrees to pay about $73 million to settle California oil spill lawsuit
Plains All American Pipeline has agreed to pay $72.5 million to settle a lawsuit over the 2015 Refugio Beach oil spill in Santa...
Neste and Air Canada sign agreement for the supply of 60,000 tons of Neste MY Sustainable Aviation Fuel – the first time Neste’s SAF is supplied to Canada
12 November 2024 • Neste and Air Canada have agreed on the supply of 60,000 tons (77.6 million liters) of unblended, neat Neste...
Sora Fuel and Emerging Fuels Technology, Inc. Will Collaborate to Accelerate Development of Efficient, Globally Scalable Sustainable Aviation Fuel (SAF) to Meet Growing Market Demand
CAMBRIDGE, Mass. & TULSA, Okla.--(BUSINESS WIRE)--Sora Fuel, a venture-backed startup that produces sustainable aviation fuel (SAF) using only water, air, and renewable energy,...
What must the UK do to reach the new goal of 81% emissions cut by 2035?
Prime Minister Starmer aims for an 81 per cent reduction in UK emissions by 2035, aligning with the Paris Agreement’s climate goals.
