The European Commission adopted on Wednesday a set of proposals aiming to decrease administrative burden and boost competitiveness, claiming it will deliver €6.3 billion in annual savings on administrative costs, as well as mobilize public and private investment capacity of €50 billion by simplifying...
The Biden-Harris administration announced a new climate target for the United States, committing to cut all greenhouse gas emissions by 61% to 66% by 2035, according to a readout of the press call by White House National Climate Adviser Ali Zaidi and Senior Adviser to the President for...
The European Commission approved on Tuesday Sweden's plan to capture and store carbon worth €3 billion. The scheme is part of Sweden's efforts to reach its climate neutrality goal by 2050.
The Swedish government intends to employ a competitive bidding process for the project, offering a grant...
Shell plc stated on Thursday in its latest Strategic Report for 2023 that it aims to lead the energy transition by setting a new target of reducing emissions by 15-20% by 2030. In that regard, the British hydrocarbon company achieved more than 60% of its target to halve emissions from its...
The European Commission recommended on Tuesday a 90% net greenhouse gas emissions reduction by 2040 compared to 1990 levels. It argued that the target will "help European industry, investors, citizens and governments to make decisions in this decade" to ensure the European Union is on track...
Shell plc announced Wednesday that it will increase its dividend per share by 15% as part of a new strategy to generate more value with fewer emissions.
The company also said it would initiate a share buyback program worth at least $5 billion in the second half of 2023, subject to Board...
Boeing Co announced on Wednesday that it is deploying a data modeling tool to help airlines and policymakers identify the most efficient path to reduce aviation emissions to zero until 2050.
The tool's name is Cascade, and its beta version was released back in 2022, though not for the public. Cascade...
The United States Environmental Protection Agency (EPA) proposed on Thursday new emissions rules for coal and new natural gas-fired power plants that should prevent up to 617 million metric tons of total carbon dioxide from being released into the atmosphere by the end of 2042. EPA estimates...
The White House announced on Wednesday a new set of rules addressing vehicle pollution and aiming to cut nearly 10 billion tons of CO2 emissions. The Biden administration said the new proposals would also "save consumers on average $12,000 over the lifetime of a vehicle" and decrease the...
United Airlines Holding announced Tuesday the creation of an investment vehicle to back startups centered on decarbonizing air travel by accelerating research, production, and technologies associated with sustainable aviation fuel (SAF), the company said in a statement.
United Airlines Ventures...
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