Carbon

ICE Reports Record Open Interest in Environmental Risk Tools

ICE Reports Record Open Interest in Environmental Risk Tools

With a growing commitment among energy companies to tackle climate change, open interest across Intercontinental Exchange Inc.’s (ICE) environmental complex reached a record high last week. The environmental complex, which includes futures and options connected to ICE’s European and California Carbon allowances, Regional Greenhouse Gas Initiative and renewable energy credits, hit record open interest of…

November 16, 2020
Natural Gas Utilities to Play Key Role in Decarbonization, Says Sempra Chief

Natural Gas Utilities to Play Key Role in Decarbonization, Says Sempra Chief

Natural gas utilities can help lead the transition to a carbonless energy future in the United States, Sempra Energy CEO Jeffrey Martin said last week.  California, where two of Sempra’s three major U.S. utilities operate, has a regulatory proceeding to develop a strategy for a phased approach to developing a multi-decade strategy for gas. Martin…

November 9, 2020
Enbridge Outlines ESG Goals, Including Net Zero Emissions by 2050

Enbridge Outlines ESG Goals, Including Net Zero Emissions by 2050

On fronts from climate change to gender and racial equity, Enbridge Inc. has promised to march in step with avowedly “progressive” government and investor agendas for the next three decades. “The energy industry is in the midst of transition and we recognize the need to adapt to the changing expectations of our customers,” said the…

November 9, 2020
Jera to Shutter Inefficient Japanese Coal Plants by 2030 in Move to Net-Zero Carbon Goal

Jera to Shutter Inefficient Japanese Coal Plants by 2030 in Move to Net-Zero Carbon Goal

Japan’s biggest power producer Jera Co. Inc. plans to shutter all its inefficient coal-fired generators in the country by 2030 as it works toward zero carbon emissions by 2050. Jera, a joint venture between utilities Tokyo Electric Power Co. and Chubu Electric Power Co., on Tuesday unveiled more specific plans to move to net-zero carbon…

October 13, 2020
China Chasing Carbon Neutrality by 2060, but LNG Imports Unlikely at Risk

China Chasing Carbon Neutrality by 2060, but LNG Imports Unlikely at Risk

China is aiming to achieve peak carbon dioxide (CO2) emissions before 2030 and carbon neutrality before 2060, President Xi Jinping said Wednesday. In an address to the United Nations (UN) General Assembly focused largely on the need for a coordinated global response to the Covid-19 pandemic, Xi said China will scale up its Intended Nationally…

September 24, 2020
Xcel Says Natural Gas to Remain Key in Lower Carbon Energy Strategy to 2050

Xcel Says Natural Gas to Remain Key in Lower Carbon Energy Strategy to 2050

Moving toward its goal of 100% carbon-free electricity to customers by 2050, Minneapolis-based Xcel Energy Inc. said it still plans to incorporate more natural gas into its U.S. energy mix. Xcel released its sustainability report ahead of 2Q2020 results, which were issued on Thursday. CEO Ben Fowke said the utility is stepping up its capital…

July 31, 2020
Oil, Gas Companies Quickly Expanding Renewables to Operations, Says IHS Markit

Oil, Gas Companies Quickly Expanding Renewables to Operations, Says IHS Markit

As part of efforts to reduce carbon emissions associated with operations, oil and gas operations are in the early stages of being fueled by renewable energy, according to global critical information provider IHS Markit.  Analysis by IHS Markit shows that while renewable energy is playing a minor role in oil and gas operations, it has…

July 13, 2020
DTE Gas Working to Reduce Michigan’s Carbon Footprint with Aggressive Initiatives

DTE Gas Working to Reduce Michigan’s Carbon Footprint with Aggressive Initiatives

Detroit’s DTE Gas is ramping up its efforts in going green, joining its parent company with a goal to achieve net zero carbon emissions by 2050. The greenhouse gas (GHG) reduction goals, an expansion of DTE Energy Co.’s 2018 ambitions to reduce methane emissions by 80%, include partnering with customers to address up to 100%…

June 26, 2020

CEC Provides Support for Gas Technology in Flood Processing

The California Energy Commission (CEC) has approved $19.4 million in grants to help food producers reduce energy use and cut the state’s greenhouse gas (GHG) emissions. Seven of the eight grants involve enhanced natural gas technologies.

March 16, 2020
Efforts to Incentive RNG Development Underway in California

Efforts to Incentive RNG Development Underway in California

A system to encourage funding to develop and use renewable natural gas (RNG), or biomethane, has been established by California regulators with support from state utilities and national laboratory researchers.

February 18, 2020