Alberta’s industrial carbon price has had only a small effect on the cost of producing oil sands crude, according to a new study from the C.D. Howe Institute. The report, published by economist G. Kent Fellows, finds that Alberta’s Technology Innovation and Emissions Reduction (TIER) system added an average of just C$0.70 per barrel to […]
Germany has revoked carbon credits linked to 30 projects in China after authorities found serious concerns about the emissions reductions they claimed to deliver. The action has also affected ExxonMobil, which bought credits from one of the projects now under scrutiny. The projects claimed a combined 2.1 million tonnes of CO2 reductions. One project backed […]
Oman is turning a major waste problem into a potential carbon market opportunity. Oman Environmental Services Holding Company (be’ah) is expanding its work to capture landfill gas and develop carbon credits from the resulting emissions reductions. The state-owned waste-management company is also moving beyond simply burning the gas and plans to use recovered methane to […]
EU Carbon Prices May Push Bitcoin Mining Toward Russia, Study Finds A new study suggests that higher European Union carbon prices may be linked to more Bitcoin mining activity in Russia, raising concerns about carbon leakage from Europe’s climate policies. The study, “Does Carbon Pricing Displace Crypto-Mining Emissions? Quantile Evidence on Carbon Leakage from EU27, […]
Google is stepping up its water stewardship as AI drives data center growth. The company has pledged $60 million to new water projects in the U.S. Its goal is to achieve water positivity across data center operations by 2030. This means Google aims to replenish more freshwater than it uses while also supporting water quality […]
Aviation is entering a new phase in its efforts to cut carbon emissions. As air travel grows, airlines face pressure to reduce emissions while meeting the demands of long-distance flight. Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) and sustainable aviation fuel (SAF) are becoming key tools, creating new policies, markets, and investment opportunities […]
Carbon removal buyer Senken and project developer Carbonsate have signed a 50,000-tonne carbon removal agreement tied to a biomass storage project in Namibia. The multi-year deal covers removals from 2026 through 2028, with deliveries starting this year. Senken claims it’s the largest biomass storage deal in Europe so far. This agreement is also the second-largest […]
Walmart delivered another quarter of sales growth on August 20, 2026, while its latest sustainability data shows a sharp drop in operational emissions. The world’s largest retailer is now balancing business growth with its goal of reaching zero Scope 1 and 2 emissions across global operations by 2040. Walmart reported $187.9 billion in second-quarter fiscal […]
Kazakhstan has identified 5.2 million hectares of non-forested land for possible carbon projects. The move could help the country attract climate investment and create carbon units or credits for domestic and international markets. The land is part of Kazakhstan’s 31 million-hectare state forest fund, according to Ecology and Natural Resources Minister Yerlan Nyssanbayev. The government […]