Focus on Fuel
ECB starts issuing fine notices to banks not meeting climate expectations
The ECB has started fining banks not meeting climate risk rules, warning penalties will grow if remedial deadlines lapse.
Antarctic krill store as much carbon as the world’s mangroves, salt marshes and seagrass beds
Krill store 20 million tonnes of carbon in the deep ocean each year, making them crucial for carbon sequestration and ecosystems.
FTC set to greenlight Chevron’s $53 billion buy of oil rival Hess: sources
The FTC is set to approve Chevron's $53 billion Hess acquisition, with Exxon’s challenge on Guyana assets as the final hurdle.
Nova Scotia firm CarbonRun lands US$25 million to capture carbon
CarbonRun expects US$25.4M for river-liming projects in Canada and Scandinavia to reduce CO2 and improve salmon habitats.
Spain increases green hydrogen goal, sets 12 GW capacity by 2030
Spain raises its 2030 green hydrogen target to 12 GW, boosting its energy and climate ambitions for renewable growth.
British Airways signs deal to buy more than £9m of carbon removal credits
British Airways invests £9M in carbon removal credits to reach 2030 decarbonisation goals and support net-zero by 2050.
California sues Exxon over global plastic pollution
California has filed a lawsuit against oil giant Exxon Mobil over its alleged role in global plastic waste pollution, its attorney general announced...
Shell shelves Norway blue hydrogen project due to lack of demand
Shell scrapped plans for a blue hydrogen plant on Norway's west coast due to a lack of demand, days after Equinor cancelled a...
Tugboat powered by ammonia sails for the first time, showing how to cut emissions from shipping
Amogy's ammonia-powered tugboat sets sail, showcasing the maritime industry's push toward zero-emissions propulsion.
