[ad_1] Amazon is ramping up its net-zero commitment and reducing carbon emissions from its logistics operations by increasing its use of sustainable aviation fuel (SAF). The e-commerce giant just announced it will buy over 9 million liters, or about 7,500 metric tons, of SAF. This will come from Finnish producer Neste. The fuel will power Amazon Air cargo flights until 2025. This volume will aid cargo operations at two key California airports: San Francisco International and Ontario International. This move follows Amazon’s previous SAF investments, including more than 6 million liters used in 2023. Since then, the company has been…
Author: user
[ad_1] A prolonged conflict between Israel and Iran may do more than rattle energy markets. One argument on Wall Street is that it could push the Federal Reserve to cut interest rates sooner than expected. “A sustained rise in oil prices could cause the Fed to strike a more dovish tone,” Oxford Economics chief US economist Ryan Sweet wrote in a recent note to clients, arguing that an extended oil shock could dent demand and potentially spill over into an otherwise resilient labor market. That’s because, historically, sudden spikes in oil prices tend to cause only a temporary rise in…
[ad_1] By Matt Tracy, Echo Wang and Davide Barbuscia NEW YORK (Reuters) -Elon Musk’s xAI is on track to close on a $5 billion debt raise led by Morgan Stanley, despite tepid investor demand, according to two people familiar with the matter. The $5 billion debt sale, which includes a floating-rate term loan, a fixed-rate loan and secured bonds, will be allocated to investors on Wednesday, the two people said, asking not to be identified because the deal is private. xAI did not immediately respond to a request for comment while Morgan Stanley declined. The xAI offering, which was reported…
[ad_1] The study, prepared by German environmental research institute Oeko Institut on behalf of Belgian NGO Carbon Market Watch, warned “strongly against” including international credits – via Article 6 of the 2015 Paris Agreement climate treaty – into the system. “The Article 6 rulebook is not robust enough to ensure transparent trade of high-quality [ad_2] Source link
[ad_1] TORONTO, June 17, 2025 (GLOBE NEWSWIRE) — Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) today provides a corporate update and announces legend removal process for all U.S. investors from the 2021 Financings (as defined below). Highlights: Restrictive Legend Removal: The Company has finalized the process to offer qualifying U.S. investors who participated in the 2021 Financings (as defined below) the opportunity to remove the restrictive legend on share certificates at no cost to the investor. This legend on the share certificates renders the securities “restricted securities” as defined in Rule 144…
[ad_1] Disseminated on behalf of SolarBank Corporation SolarBank Corporation (NASDAQ: SUUN; Cboe CA: SUNN, FSE: GY2) (“SolarBank” or the “Company”), the North American energy developer, plans to expand its community solar portfolio once again. It’s building a 2.4 MW ground-mounted solar power project, owned by AI Renewable Flow-Through Fund (“AI Renewable”), called the Sydney Project in Nova Scotia, marking a major step into Canada’s clean energy market. Dr. Richard Lu, President and CEO of SolarBank, said, “This project underscores SolarBank’s significant expertise and strategic vision in helping to drive Canada’s renewable energy transformation. With a proven track record of over…
[ad_1] The UN’s climate arm has this week opened a public consultation on a proposed ‘clean cooking’ methodology under the PACM… [ad_2] Source link
[ad_1] President Donald Trump doubled U.S. tariffs on steel and aluminum imports from all U.S. trade partners to 50 percent on June 4. The only country that will remain at 25 percent is the United Kingdom, though that depends on the outcome of the trade deal the country negotiated with the United States last month. More From Our Experts The White House cast the tariffs as a crackdown on subsidized metals coming out of China that flooded global markets and—the administration argues—put U.S. producers out of business. Imposed under section 232 of the Trade Expansion Act of 1962, these levies…
[ad_1] A Brazilian state was set to close a massive $180 million carbon credit deal, but now faces an escalating legal battle, accused of violating national laws and Indigenous rights, potentially ruining the project.Brazil’s Federal Prosecutor’s Office is seeking to nullify the 2024 contract, which sells 12 million carbon credits from Pará to companies like Amazon, Bayer, H&M Group and Walmart.Indigenous and Quilombola leaders voice concerns that the program could restrict their access to their land and interaction with nature, undermining inherent rights and deep spiritual connection to the rainforest.Widespread accusations over the failure of free, prior, and informed consent…
[ad_1] A prolonged conflict between Israel and Iran may do more than rattle energy markets. One argument on Wall Street is that it could push the Federal Reserve to cut interest rates sooner than expected. “A sustained rise in oil prices could cause the Fed to strike a more dovish tone,” Oxford Economics chief US economist Ryan Sweet wrote in a recent note to clients, arguing that an extended oil shock could dent demand and potentially spill over into an otherwise resilient labor market. That’s because, historically, sudden spikes in oil prices tend to cause only a temporary rise in…