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By Francesca Landini MILAN, Aug 18 (Reuters) – U.S. asset manager BlackRock’s (BLK.N) infrastructure fund GIP has agreed to buy a 49.99% stake in Eni’s (ENI.MI) carbon capture and storage business (CCUS), the Italian company said on Monday without disclosing the value of the deal. The proposed deal is part of Eni’s broader strategy to …
BlackRock’s GIP to Take Stake in Eni’s Carbon Capture Business Read More »
By Valerie Volcovici WASHINGTON, June 17 (Reuters) – A U.S. Senate panel proposed making the tax credit for capturing carbon emissions for recovering oil equal to the $85/metric ton tax credit for permanently burying those emissions underground, a boon for oil and gas producers. The finance committee proposed the change to the so-called 45Q tax …
Senate Bill Would Raise Value of Tax Credit to Use Captured CO2 to Produce More Oil Read More »
By Akshat Rathi and Sommer Saadi “We are coming out of a phase of extreme growth,” co-founder Jan Wurzbacher said on the Zero podcast, as the startup focuses on cost cutting amid unfavorable market conditions. Scientists are clear that meeting climate goals means ending carbon pollution and drawing down excess CO2 from the air. That’s …
Carbon Removal Pioneer Climeworks Tackles Its First Major Layoff Read More »
By Akshat Rathi and Coco Liu Founded in 2009, Climeworks constructed a pilot plant in Iceland in 2021 followed by a larger version that began operations in 2024 and is still being built out. Photographer: Heida Helgadottir/Bloomberg Climeworks AG is laying off 106 people, as startups that aim to reverse global warming face a reckoning …
Climeworks Is Cutting 22% of Staff as US Climate Backlash Hits Carbon Removal Read More »
The proposal would eliminate popular tax credits for electric vehicles and home solar. By Ari Natter and Mark Chediak Workers install solar panels on a home in San Francisco. Photographer: Michaela Vatcheva/Bloomberg House Republicans released their first stab at a bill to extend President Donald Trump’s tax cuts, which would help pay for them by …
The Biggest Losers in the GOP Plan to Slash US Climate Spending Read More »
MANSFIELD, S.D. (AP) — The company behind a proposed pipeline that would transport carbon dioxide emissions from ethanol plants across five Midwest states and store it underground in North Dakota filed hundreds of lawsuits against landowners in recent years, an analysis by Lee Enterprises and The Associated Press found. This litigation was concentrated in South …
MANSFIELD, S.D. (AP) — Jared Bossly was planting soybeans one spring night in 2023 on his 2,000-acre farm in South Dakota when he spotted a sheriff’s vehicle parked at the corner of his property. He had a hunch it wasn’t a social visit. “I’m like, ‘Well, I doubt he’s just being a friendly neighbor, giving …
South Dakota’s governor signed a bill into law Thursday that bans the taking of private property for building carbon dioxide pipelines, a blow to a sprawling Midwest pipeline network that ethanol producers see as key for their future. The new law muddies the waters for Summit Carbon Solutions and the planned $8.9 billion, 2,500-mile (4,023-kilometer) …
South Dakota Action Threatens Massive Carbon Dioxide Pipeline Proposed for Midwest Read More »
March 3, 2025 Frontier’s SCS Hub, spanning nearly 100,000 acres in Wyoming, will provide open-access CO₂ storage for industrial emitters and ethanol producers using its CO₂-by-rail strategy Baker Hughes will provide key CCS and power generation technologies, including CO₂ compression, well design, and its industrial NovaLT™ gas turbines to support power solutions for data centers …
(Reuters) – Texas oil, gas and industrial groups on Tuesday asked the new EPA administrator to speed up Texas’ request to approve carbon capture and storage projects instead of the federal government, to help boost private investment and unleash capture technology. The six groups, including the Texas Oil and Gas Association and the Texas Association …
Texas Industry Urges EPA to Allow State to Approve Carbon Storage Projects Read More »
