Entries by carbonfund

Sasol’s (SSL) Stock Rises on Profits, Carbon Credit Surge, and Net-Zero Push

Sasol Ltd., a South African energy and chemicals firm, is gaining attention. They reported stronger earnings and are shifting their strategy to buy more carbon credits. The move comes as the company, the second-biggest emitter of greenhouse gases in the region, boosts coal production and grows its renewable energy portfolio. Investors, regulators, and climate observers […]

Kazatomprom Uranium Output Jumps 13% in 2025, But Plans for 2026 Cutback

Kazatomprom, the world’s largest uranium producer and Kazakhstan’s national atomic company, has released its financial and production results for the first half of 2025. Despite reporting a sharp fall in profits compared to last year, the state-owned miner is sticking to its production guidance for the year and maintaining a cautious but stable outlook for […]

Deep Sky and Skyrenu Launch North America’s First Direct Air Capture (DAC) Storage Facility

Deep Sky, Canada’s leading carbon removal project developer, has kicked off operations at Deep Sky Alpha, its flagship commercialization center in Innisfail, Alberta. The facility has achieved a major industry milestone—North America’s first-ever underground storage of CO₂ captured directly from the atmosphere. This breakthrough was made possible through a partnership with Skyrenu Technologies, a Quebec-based […]

How Australia’s AUD 2.4B Battery Storage Boom Is Replacing Coal

Australia’s power market is changing quickly. In early 2025, over AUD 2.4 billion (USD 1.5 billion) went into large-scale battery energy storage systems (BESS). This was the second-highest quarterly investment ever, just behind the AUD 2.8 billion seen at the end of 2023. The Clean Energy Council’s Quarterly (Q1 2025) Investment report shows that six […]

Google Reveals the Environmental Cost of Gemini AI Query

Google has released new data showing the energy, carbon, and water use linked to its Gemini AI system. The report is one of the most detailed disclosures from a major tech company about the environmental footprint of artificial intelligence. The numbers per query seem small, but the rise of AI worldwide makes these findings crucial. […]

Xiaomi Targets Europe’s EV Market by 2027, Turning Up the Heat on Tesla

As per reports, Chinese tech giant Xiaomi is gearing up to launch its first electric vehicles (EVs) in Europe by 2027. The announcement came during the company’s second-quarter 2025 earnings call, where President Lu Weibing revealed the milestone. The move marks Xiaomi’s first international expansion for its automotive division and reflects the brand’s rising ambitions […]