Emission Reduction

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U.S. Awards Record $6 Bln to Back Industrial Emissions Reduction Projects

(Reuters) – The U.S. Energy Department on Monday announced $6 billion in federal funding to subsidize 33 industrial projects in 20 states to cut carbon emissions, saying the investment would support well-paying union jobs and boost U.S. competitiveness. Energy Secretary Jennifer Granholm will unveil the awards during a visit to a Cleveland-Cliffs Steel Corp facility in …

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U.S. Senator Joe Manchin Vows Infrastructure Permitting Reform Will Pass

(Reuters) – U.S. Senator Joe Manchin on Monday told energy executives that legislation reforming infrastructure permitting “will get done.” The legislation is his senate energy committee’s top issue, he said to a packed audience at the CERAWeek energy conference. “We are doing everything we can” to get permitting reform passed, said Manchin, who also spoke …

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Baker Hughes’ Emissions Abatement Technology Enables bp to Achieve Flare Emissions Monitoring Breakthrough

bp is using Baker Hughes’ flare.IQ technology to quantify methane slip emissions from its flaring operations Enhancing the accuracy of monitoring helps bp to reduce emissions from flaring Baker Hughes flare.IQ successfully implemented in multiple regions HOUSTON and LONDON, March 14, 2024 (GLOBE NEWSWIRE) —  Baker Hughes (NASDAQ: BKR), an energy technology company, has announced …

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Shell Weakens 2030 Carbon Emissions Reduction Target 

Shell weakens 2030 carbon emissions reduction target Summary Shell scales back 2030 emissions target Scraps 2035 target Introduces target to cut emissions from oil product sales (Reuters) – Shell   weakened its 2030 carbon reduction target and scrapped a 2035 objective, citing expectations for lower power sales and strong demand for gas in the energy transition …

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Shell Considers Slowing Its Carbon Emissions Cuts

Shell will publish an updated plan for emissions on Thursday CEO Sawan is focused on boosting returns for shareholders Shell initiated its plan to become a net-zero company in 2020 under previous CEO Ben van Beurden. Shell Plc has been considering slowing the pace of its carbon-emissions cuts as it updates its energy-transition strategy, according to …

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What is in the U.S. SEC’s Proposed Rule on Climate Reporting?

Wall Street’s top regulator is expected to vote soon to adopt far-reaching changes to the way thousands of U.S.-listed companies tell investors how climate change will affect their bottom line, a landmark rule for the U.S. Securities and Exchange Commission. The agency says such information is important for investors deciding whether to put their money …

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The World’s Next Big Carbon Capture Challenge? Figuring Out How to Use It

Skepticism about how to commercialize — and use — carbon capture is growing. So is the debate over how to deploy it equitably and safely. By Michelle Ma – Bloomberg Carbon capture is having a moment. Companies such as Chevron Corp. are building technology to capture carbon dioxide from smokestacks while others such as Microsoft Corp. are investing in …

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