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RBC unveils retail branch retrofit plan to help reduce carbon emissions

While you may not see it, your local RBC bank branch is working towards being powered differently in the coming years. A multi-million-dollar plan to retrofit RBC’s Canadian 1,200 branch network aims to cut 10,000 tonnes of onsite carbon emissions from its operational footprint. The bank will embark on a major initiative that will accelerate

PetroChina joins Oil and Gas Decarbonisation Charter

PetroChina, a unit of the state-owned China National Petroleum Corporation, has become one of the 53 signatories of the Oil and Gas Decarbonisation Charter (OGDC), according to Dr Sultan Al Jaber, COP28 President, The National reported. PetroChina, which accounts for 3.5% of the world’s oil production, joining the charter marks a “significant moment for Chinese

1PointFive Announces Agreement to Sell 500,000 Metric Tons of Direct Air Capture Carbon Removal Credits to Microsoft

1PointFive, a carbon capture, utilization and sequestration (CCUS) company, has entered into an agreement with Microsoft to sell 500,000 metric tons of carbon dioxide removal (CDR) credits over six years to support Microsoft’s carbon removal strategy. The agreement is the largest single purchase of CDR credits enabled by Direct Air Capture (DAC) to date and

ADNOC and JBIC Sign $3 Billion Green Financing Agreement

Abu Dhabi National Oil Company has signed a general agreement with the Japan Bank for International Cooperation for a US$3 billion green financing facility. It follows the signing of a Heads of Agreement between ADNOC and JBIC in January this year and builds on their long-standing successful partnership. The credit facility is part of JBIC’s

Equinor enters partnership with Standard Lithium

Equinor has entered into an agreement with Standard Lithium Ltd to acquire a 45% share in two lithium project companies in Southwest Arkansas and East Texas. “Sustainably produced lithium can be an enabler in the energy transition, and we believe it can become an attractive business. This investment is an option with limited upfront financial

AI breakthrough accelerates carbon capture and storage from 100 days to just 24 hours

Heriot-Watt University are pioneering ground-breaking artificial intelligence techniques that could revolutionise carbon capture and storage (CCS) technologies. The new multimillion-pound ECO-AI research project, led by their net-zero focused global research institute iNetZ+, has slashed the time required for modelling CCS methods from 100 days down to just 24 hours using advanced AI simulators. This acceleration

OMV joins UN programme for reduction of methane emissions

OMV has joined the Oil & Gas Methane Partnership (OGMP 2.0) of the United Nations Environment Programme (UNEP). It is the only comprehensive and most credible reporting framework for the oil and gas industry that improves the accuracy and transparency of methane emissions reporting. Across the entire oil and gas value chain, particularly in exploration

How do you decarbonize hydrocarbons – a perspective of an energy services provider.

Here’s an interesting challenge for you… Think of any energy company, small or large, national or international, publicly or privately owned. Take a look at its website. Then see where the subject of sustainability ranks on its homepage. The results are incontrovertible. Universally, the subject of sustainability is highlighted. Many lead with a net zero

Ion Clean Energy Announces $45 Million Investment From Chevron New Energies And Carbon Direct Capital And Leadership Transition

ION Clean Energy has announced it has raised $45 million from Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., who is leading the round, and Carbon Direct Capital. ION is a Boulder-based technology company that provides post-combustion point-source capture technology through its third-generation ICE-31 liquid amine system. The capital raised will continue to

Schneider Electric and Mainspring Partner to Offer Fuel-Flexible Microgrid Solution

Schneider Electric and Mainspring Energy are partnering to offer a new hybrid-energy technology that combines Schneider Electric’s EcoStruxure Microgrid Solution and turn-key design-build services with Mainspring’s groundbreaking Linear Generator. The combination provides power and fuel-flexibility as well as energy resiliency for commercial and industrial customers. As the energy sector seeks to decarbonize operations and protect power resilience amidst increasing

SLB Announces Agreement to Acquire Majority Ownership in Aker Carbon Capture

SLB today announced an agreement to combine its carbon capture business with Aker Carbon Capture (ACC) to support accelerated industrial decarbonization at scale. Bringing together complementary technology portfolios, leading process design expertise and an established project delivery platform, the combination will leverage ACC’s commercial carbon capture product offering and SLB’s new technology developments and industrialization

bp unveils first US bp pulse EV charging Gigahub™ at Houston headquarters

bp will celebrate the opening of its new electric-vehicle charging site at its bp America headquarters in Houston, Texas, expanding its network of EV chargers in the US. The new bp pulse station is the first bp pulse branded Gigahub™ in the US and will be open to the public on April 2. Emma Delaney,

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