Industry News

ExxonMobil Announces Leadership Changes Liam Mallon to retire after 34 years of service Dan Ammann appointed President, Upstream Company Barry Engle appointed President, Low Carbon Solutions December 03, 2024 11:30 AM Eastern Standard Time SPRING, Texas–(BUSINESS WIRE)–ExxonMobil (NYSE: XOM) today announced Liam M. Mallon, president of ExxonMobil Upstream Company and vice president Exxon Mobil Corporation, […]

carbmee secures €20M funding for AI-driven carbon emission reportingBerlin, December 3, 2024: carbmee’s centralised platform enables companies to manage, reduce, and report on their carbon emissions with accuracy and efficiency. AI-powered carbon management software company carbmee has raised a €20 million funding round. Typically, organisations struggle to track their carbon footprint effectively or accurately, due […]

New horizon for Arkolia with Mirova and BNP Paribas Asset Management (BNPP) joining forces to invest more than €200M Published on 11/27/2024 Press releases Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, and BNP Paribas Asset Management, announced they each acquired an equal, large equity stake with equal governance rights in the […]

Stegra and Uniper enter 6 TWh electricity agreement Stegra and Uniper have signed a long-term agreement for the supply of 6 TWh of electricity to Stegra’s plant in Northern Sweden. In a long-term power purchase agreement (PPA) with Uniper, Stegra secures a yearly supply of electricity produced over the 6-year period ranging from 2027-2032, covering […]

Enbridge Announces 2025 Financial Guidance, 3% Dividend Increase and Reaffirms Near-term Growth OutlookNews provided byEnbridge Inc. Dec 03, 2024, 07:01 ET CALGARY, AB, Dec. 3, 2024 /PRNewswire/ – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today its 2025 financial guidance and an annualized common share dividend increase from $3.66 to $3.77 […]

Xpansiv Launches Carbon Removals-Only Trading on its CBL Spot Exchange and Xpansiv Connect™ Portfolio Management System Participants can create a discrete, removals-only market view to trade nature and technology removal credits on Xpansiv’s CBL spot exchange Participants can separately aggregate and manage removals positions on the Xpansiv Connect multi-registry portfolio management system 75,000 Anew Climate […]

Catalina Energy Capital Launches with Multiple Significant Solar and Battery Storage Infrastructure Deals: The renewable energy investment bank takes a scrappy and flexible approach to raising money for both projects and companies. LOS ANGELES and NEW YORK, Dec. 2, 2024 /PRNewswire/ — Clean energy dealmaker, Dan Rittenhouse, today launched the specialty investment bank Catalina Energy Capital. […]

BC-based Climate Tech Company, Svante Announces Strategic Investment from InBCNovember 26, 2024press release VANCOUVER, BC, CANADA, November 26, 2024 Svante Technologies Inc. (“Svante”), a leading global carbon capture and removal solutions provider headquartered in British Columbia, Canada, has announced an investment from InBC Investment Corp. (“InBC”), a strategic investment fund created by the Province of […]

Brevik Carbon Capture Plant Reaches Mechanical Completion: FORNEBU, Norway, Dec. 2, 2024 /PRNewswire/ — Aker Carbon Capture ASA (ACC ASA) has reached a significant milestone with the mechanical completion of the world’s first full-scale carbon capture facility at a cement plant, the Heidelberg Materials Brevik plant in Norway. ACC ASA holds 20% ownership in SLB Capturi, […]

ADNOC LAUNCHES XRG: AN $80+ BILLION LOWER-CARBON ENERGY AND CHEMICALS INVESTMENT POWERHOUSE XRG will initially focus on transformational global investments that create value across natural gas, chemicals, and lower-carbon energy solutions Strategy to meet rising global demand for lower-carbon energy and chemicals required to power sustainable economic growth XRG aims to capitalize on three megatrends: […]