BP has announced a major shift in its strategy, cutting back on renewable energy investments and increasing its focus on oil and gas. The company plans to invest $10 billion annually in fossil fuels while slashing more than $5 billion per year from its energy transition spending. This move marks a sharp reversal from its […]
NVIDIA posted record earnings for the fourth quarter of the fiscal year 2025. The company reported $39.3 billion in revenue. This is a 12% rise from last quarter and a 78% increase from last year. For the full year, the company made $130.5 billion, more than 2X its revenue from the previous year. The AI […]
Zefiro Methane Corp. is teaming up with tech firms Geolabe and Keynum to find and repair old, leaking oil and gas wells. This effort will cut methane emissions using artificial intelligence. The partnership also aims to cut costs, speed up repairs, and share carbon credits better. Zefiro Founder and Chief Executive Officer Dr. Talal Debs […]
The European Union has launched the €100 billion Clean Industrial Deal. It is a bold initiative aimed at accelerating decarbonization while strengthening the continent’s industrial competitiveness. The deal aims to make clean energy and sustainable industries key to Europe’s future. It ensures that economic growth matches climate goals. This initiative is expected to play a pivotal […]
As Australia’s largest oil and natural gas producer, Woodside Energy faces growing pressure to reduce greenhouse gas (GHG) emissions while maintaining energy production. The company uses a carbon credit strategy to offset emissions. This supports its goals for decarbonization and reaching net zero. In 2024, Woodside retired 1.3 million carbon credits. This was nearly double […]
Sponsored content The energy industry is changing fast. More people and businesses want cleaner and more sustainable energy to fight climate change. Countries are setting rules to cut pollution, and investors are putting money into green energy projects. This push is making oil and gas companies look for ways to reduce their impact on the […]
Clearloop, the carbon solutions subsidiary of Silicon Ranch inked a multi-year solar deal with Microsoft to unlock 100 MWAC of renewable power This initiative targets about 20 underserved American communities and broadly aims to decarbonize the U.S. grid and boost economic growth. According to EIA’s latest forecast, the US expects 63GW of new utility-scale power […]
Standard Chartered is making major strides in sustainable finance as revealed in its latest report. THe bank generated $982 million in income from this sector in 2024, which is a 36% rise from last year. It brings the bank closer to its goal of reaching $1 billion in annual sustainable finance income by 2025. This […]
Carbon pricing has long been a central tool in Canada’s and the United States’ climate strategies. However, recent political shifts are changing how both nations approach this policy. In Canada, Liberal leadership contender Chrystia Freeland has pledged to scrap the consumer carbon pricing system in favor of alternatives developed through consultations. In the U.S., President […]