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LOOKING BACK: Why the Mark Carney Led Net-Zero Banking Alliance Did Not Work as Intended

CDN and International News, Conventional Energy, Finance, Latest, LNG, Natural Gas, Oil / By

EnergyNow Staff The Net-Zero Banking Alliance (NZBA) was established to mobilize the global banking sector in the fight against climate change, aiming for net-zero greenhouse gas emissions by 2050. Despite its ambitious goals, the NZBA has faced significant challenges and criticism, preventing it from working as intended. This document examines the history, founding members, reasons …

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Mark Carney-Launched Net-Zero Banking Alliance Votes to Shut Down

Energy Topics & Technology, Finance, Latest, Natural Gas, Oil, US News / By

A spokesperson for the UN-backed Net-Zero Banking Alliance says members voted to end the membership-based structure and instead use the climate guidance the group created as a reference. As a result of the vote, the alliance is ending operations immediately. Carney launched the group in his role as UN Special Envoy for Climate Action and …

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Five Point-Backed WaterBridge Raises $634 Million in US IPO

Conventional Energy, Energy Topics & Technology, Finance, Latest, Natural Gas, Oil, US News / By

Sept 16 – WaterBridge Infrastructure raised $634 million in an initial public offering in the United States, the oilfield water management firm said on Tuesday, in the latest sign of renewed momentum in the listings market. The Houston, Texas-based company sold 31.7 million shares at $20, at the higher end of its marketed range of …

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Data Center Builder Fermi Files for US IPO as New Listings Accelerate

Energy Topics & Technology, Finance, Latest, Natural Gas, Oil, US News / By

(Reuters) – Fermi, a Texas company co-founded by former U.S. Energy Secretary Rick Perry, on Monday filed for an initial public offering in the United States, as companies rush to tap investor enthusiasm for new issues. The terms of the offering were not disclosed. Wall Street’s IPO season is off to a strong start post-Labor …

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With Dollars Scarce, Venezuela Currency Exchanges Turn to Crypto

Conventional Energy, Energy Topics & Technology, Finance, Latest, Oil / By

Venezuela’s government is slowly allowing the use of dollar-tied cryptocurrencies in currency exchanges for the private sector, a dozen sources said, as U.S. restrictions on oil exports reduce available foreign currency. Sanctions by the United States, which the Venezuelan government has characterized as “economic war,” prevent many business transactions, forcing companies seeking to buy raw …

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US IPO Market Reopens For fall as Trump Tariff Jitters Ebb

Energy Topics & Technology, Finance, Latest, US News / By

A slew of companies across sectors, ranging from crypto to consumer, launched IPO roadshows on Tuesday, kicking off the post-Labor Day fall window as investor anxiety over U.S. President Donald Trump’s tariffs started to ease. Analysts say the window through mid-October will be crucial, with several high-profile names lining up to gauge whether confidence in …

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US dollar, Treasuries Slide on Latest Trump Attack on Fed

Energy Topics & Technology, Finance, Latest, US News / By

The dollar and U.S. Treasuries slid in Asian trading on Tuesday after President Donald Trump announced he was removing a Federal Reserve governor, which undermined confidence in U.S. assets. The dollar fell against the yen and euro after Trump said on social media he was removing Lisa Cook from her position on the Fed’s board …

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Rate Cuts and Falling Dollar Will Fuel Inflation

Energy Topics & Technology, Finance, Latest, US News / By

Interest rate cuts and the falling dollar will fuel inflation that is already above the Federal Reserve target – which may not just end the easing cycle early, it might spur a tightening cycle that no one is currently expecting. Core CPI, which rose to 3.1% year-on-year in July, is substantially higher than the central …

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Goldman Sachs Raises Brent Second-Half 2025 Price Forecast by $5 to $66 a Barrel

Conventional Energy, Energy Topics & Technology, Finance, Forecasts, Latest, Oil, US News / By

(Reuters) – Goldman Sachs on Monday raised its Brent oil price forecast for the second half of 2025 by $5 to $66 per barrel due to supply disruption risks, lower stocks in Organisation for Economic Co-operation and Development countries and rising concerns about Russia’s production constraints. The bank also increased its forecast for U.S. West …

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US Natgas Prices Fall 4% to Six-Week Low on Low Cash Prices, Ample Stockpiles

Conventional Energy, Energy Topics & Technology, Finance, Latest, Natural Gas, US News / By

(Reuters) – U.S. natural gas futures fell about 4% to a six-week low on Wednesday on low cash prices, an increase in output so far this month and higher-than-normal amounts of gas in storage. That price decline occurred despite a drop in gas output in recent days and forecasts for the weather to remain hotter …

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