Emissions

CNX Resources Says E&P, Midstream Operations are Carbon Negative

CNX Resources Says E&P, Midstream Operations are Carbon Negative

Appalachian pure-play CNX Resources Corp. said Wednesday that it’s net carbon negative for Scope 1 and 2 emissions, stressing a “tangible” accomplishment at a time when its peers are advancing ambitious goals to cut environmental footprints in the future.  Announced along with the release of its corporate responsibility report, the company said it believes it’s…

July 24, 2021
Canadian Heavyweights Launch CCUS, Financial Efforts as Carbon Tax Increase Looms

Canadian Heavyweights Launch CCUS, Financial Efforts as Carbon Tax Increase Looms

A rising Canadian carbon tax, scheduled to jump more than four-fold by 2030, has triggered a campaign by fossil fuel industry heavyweights to turn the greenhouse gas (GHG) emissions penalty into commercial opportunities. The efforts so far include TC Energy Corp., Pembina Pipeline Corp., Shell Canada Ltd., Canadian Imperial Bank of Commerce (CIBC), Sproule Associates,…

July 20, 2021
Natural Gas Export Market Searching for Stability in the ‘Wild West’ of Carbon-Neutral Trading — LNG Spotlight

Natural Gas Export Market Searching for Stability in the ‘Wild West’ of Carbon-Neutral Trading — LNG Spotlight

The nascent carbon-neutral liquefied natural gas (LNG) market is set to gain momentum this year as global buyers are increasingly concerned about their emissions footprints. The market is on track to quadruple this year, according to a recent report from FTI Consulting. The firm has tracked six carbon-neutral cargoes through April, compared to only five…

July 15, 2021
Europe Boosts Targets for Renewables, Lower Carbon Fuels in GHG Reduction Plan

Europe Boosts Targets for Renewables, Lower Carbon Fuels in GHG Reduction Plan

The European Commission has increased a proposed target for renewable energy development to help achieve a goal of cutting greenhouse gas (GHG) emissions in 2030 by 55% over 1990 levels. The commission’s proposal calls for renewables to make up 40% of the European Union (EU) energy mix by 2030, compared to a previous target of…

July 14, 2021
ESG Concerns Mounting for Mexico’s Pemex as Natural Gas Flaring, Fuel Oil Production Rising

ESG Concerns Mounting for Mexico’s Pemex as Natural Gas Flaring, Fuel Oil Production Rising

As oil and natural gas companies worldwide face tighter scrutiny on environmental, social and governance (ESG) metrics, two key indicators are trending the wrong way for Mexico’s state oil company Petróleos Mexicanos (Pemex). Natural gas flaring and production of high-sulfur fuel oil (HSFO) both have increased substantially for the national oil company in recent years,…

June 28, 2021
Congress Approves Restoration of Obama-Era Methane Rules for Oil, Natural Gas Industry

Congress Approves Restoration of Obama-Era Methane Rules for Oil, Natural Gas Industry

The House on Friday voted to restore Obama-era controls on methane emissions from the oil and natural gas sector that had been partially rescinded by the Environmental Protection Agency (EPA) under the Trump administration. The measure passed by a margin of 229-191 under the Congressional Review Act (CRA) after 52-42 passage by the Senate, and…

June 25, 2021
Battelle, Catahoula Partner to Combat Ethanol-Based CO2 Emissions

Battelle, Catahoula Partner to Combat Ethanol-Based CO2 Emissions

Battelle Memorial Institute and Catahoula Resources LLC have agreed to partner to manage carbon dioxide (CO2) emissions produced from ethanol facilities in Nebraska.  Houston-based Catahoula, and Allentown, PA-based Battelle plan to investigate solutions for the capture, transport, and sequestration of CO2 emissions from ethanol.The two plan to design and construct several low-cost storage options either…

June 21, 2021
CME to Launch ‘Nature-Based’ Emissions Offset Futures Contract

CME to Launch ‘Nature-Based’ Emissions Offset Futures Contract

CME Group said Monday it would launch an emissions offset futures contract sourced from agriculture, forestry and other land use projects in an ongoing effort aimed at helping the market better manage climate risk as the energy transition accelerates. CME said the Nature-Based Global Emissions Offset (N-GEO) contract would launch August 1, pending regulatory review.…

June 21, 2021
Six U.S. Research Teams Tapped to Advance DAC Prospects to Capture, Store GHG

Six U.S. Research Teams Tapped to Advance DAC Prospects to Capture, Store GHG

Six U.S. projects designed to advance direct air capture (DAC) technology to snatch carbon emissions from the atmosphere are the focus of a new federal funding effort. The Department of Energy (DOE) is deploying $12 million for research and development (R&D) underway to remove carbon dioxide (CO2) emissions from the air. Funding is being directed…

June 21, 2021
G-7 Takes Stand for ‘Green Revolution,’ Resolving to Beat Covid-19 and Build Back Better

G-7 Takes Stand for ‘Green Revolution,’ Resolving to Beat Covid-19 and Build Back Better

The Group of 7 world leaders pledged over the weekend to protect the planet by supporting a “green revolution” to create jobs, reduce emissions and limit the rise in global temperatures.The G7, as it is better known, consists of Canada, France, Germany, Italy, Japan, the UK and the United States. The seven countries in 2020…

June 14, 2021
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