Tuesday, 25 February 2025

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BusinessClimateEmissions MarketsNewsVoluntary Carbon Markets (VCMs)

Carbon credit standards approval extended to 98% of market

Five of the world's largest carbon credit programmes now have initial approval from standards body interested in 'high quality' schemes.

Pipes and tanks snake around the inside of a carbon capture and storage facility at the Boundary Dam Power Station in Estevan, Sask., on Thursday, Oct. 2, 2014. The signature carbon capture and storage project continues to miss emissions reduction goals, raising questions about the cost-effectiveness of the technology, says a report. THE CANADIAN PRESS/Michael Bell
Carbon ManagementCoalEmissionsNews

Boundary Dam carbon capture project missing goals, report says

Goal of Boundary Dam carbon capture to reduce emissions by 90% has never been reached, claims analyst, as technology's economics are disputed.

An Air France Airbus A350-900 airplane is seen near the Paris Charles de Gaulle airport, in Villepinte, near Paris, France, November 15, 2023. REUTERS/Sarah Meyssonnier/File photo
AviationBusinessEmissionsNewsPolitics

KLM, Brussels Airlines and more in greenwashing probe

EU's airline greenwashing investigation targets 20 airlines over claims relating to carbon offsetting and the use of sustainable fuels.

FILE PHOTO: A general view of electric lines as demand for power surges during a period of hot weather in Houston, Texas, U.S. June 27, 2023. REUTERS/Callaghan O’Hare/File Photo
AnalysisFuelOpinion

Column: Texas enters peak season for power output and emissions

The most intensive power demand period of the year has just begun in Texas, but renewables may not be enough to cover surges...

Oladapo Adekunle, an engineer with Rensource Energy, installs solar panels on a roof of a house in Lagos, Nigeria, Thursday, March 21, 2024. Funding for climate tech startups in Africa from the private sector is growing, but there's still a long way to go. (AP Photo/Sunday Alamba)
AnalysisBusinessElectricityFinanceIn-Depth

More money going to African climate startups, but huge gap remains

In Africa, climate funding has raised $3.4 billion – but it's going to need $277 billion a year to meet 2030 goals. Where...

A sign for the Aamjiwnaang First Nation Resource Centre is shown in Sarnia, Ont., on April 21, 2007. Ontario's Ministry of the Environment has ordered a petrochemical facility in Sarnia to suspend its production operations after high benzene emissions, first flagged by a neighbouring First Nation. THE CANADIAN PRESS/Craig Glover
BusinessClimateEmissionsIndigenousIndustryNews

Ontario suspends chemical plant approval over benzene emissions

Ineos temporarily shuts down facility after environment ministry declares benzene levels too high.

Fuel retailer Parkland Corp. says it posted a net loss of $5 million in its first quarter as its financial results took a hit due to an unplanned shutdown at its Burnaby refinery. A woman gasses up at a gas station in Mississauga, Ont., Tuesday, Feb. 13, 2024. THE CANADIAN PRESS/Christopher Katsarov
BusinessFuelNewsOil

Parkland Corp. posts first-quarter loss due to refinery outage

Parkland financial results hit by unplanned shutdown of Burnaby, B.C. facility in January, with a net loss of $5m in first quarter.

FILE PHOTO: U.S. power chip maker Wolfspeed’s silicon carbide 200mm wafer is seen on display at Wolfspeed’s Mohawk Valley Fab in Marcy, New York, U.S., April 2022. REUTERS/File Photo
BusinessElectric Vehicles (EVs)News

Chipmaker Wolfspeed revenue below estimates as EV sales growth slows

Wolfspeed forecast current-quarter revenue below estimates as automakers grapple with high inventory levels due to slow EV sales growth

Edmonton-based Capital Power Corp. says it is no longer pursuing a proposed $2.4-billion carbon capture and storage project at its Genesee natural gas-fired power plant. Capital Power’s Genesee Power Plant is seen near Edmonton in an Oct. 19, 2022, handout photo. THE CANADIAN PRESS/HO-Capital Power, Jimmy Jeong, *MANDATORY CREDIT*
BusinessCarbon ManagementNews

Capital Power pulls plug on $2.4bn carbon capture project

Capital Power's carbon capture plan is technically viable but not economically feasible, company says.

Miniatures of solar panel and electric pole are seen in front of First Solar logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsSolar

First Solar posts higher quarterly profit on strong demand

First Solar profits up after market boosted by tax credits and a limit on Chinese imports under Biden administration.

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