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Canada aims to mobilise $1.1tn through major energy projects by 2035
A report from the Public Policy Forum calls for accelerating over 500 energy, critical minerals and infrastructure projects to generate CAD1 100bn in Canadian GDP growth.
Quebec modernises gas regulations and integrates industrial hydrogen
Quebec opens public consultation on draft regulations to revise gas standards and frame the integration of hydrogen, with feedback expected by 27 June.
Fossil methane emissions exceed 120 million tonnes in 2024
The International Energy Agency warns of persistently high methane emissions, despite improved satellite-based monitoring and detection tools.
Six years sought in Sweden over Think Pink case and its 200,000 tonnes of waste
Swedish prosecutors have sought six-year prison sentences for five executives and partners of Think Pink, accused of unlawfully dumping 200,000 tonnes of toxic waste between 2015 and 2020.
Phillips 66 sells 65% of its fuel retail operations in Germany and Austria
Under pressure from investor Elliott, Phillips 66 sells a majority stake in its European fuel station subsidiary for $2.8bn in a move to streamline its portfolio.
OPEC+ Opens the Taps, IEA Forecasts Rebound in Global Oil Stocks
The International Energy Agency forecasts a significant rise in global oil stocks due to slowing demand in developed economies and OPEC+’s gradual production increases starting in 2025.
Aramco could invest in Woodside’s Louisiana gas project
Woodside Energy has announced a collaboration agreement with Saudi Aramco for a potential stake in its $17.5bn liquefied natural gas project in Louisiana, scheduled to begin production in 2029.
OPEC+ Opens the Taps, IEA Forecasts Rebound in Global Oil Stocks
The International Energy Agency forecasts a significant rise in global oil stocks due to slowing demand in developed economies and OPEC+’s gradual production increases starting in 2025.
Australian coal mines emit 40% more methane than reported, according to EMBER and KAYRROS
A satellite analysis led by Ember and Kayrros shows that methane emissions from Australian mines are 40% higher than official reports, revealing significant gaps in the current coal sector monitoring.
New Pipeline Connecting Permian Basin to Midwest Scheduled for 2028
Tallgrass Energy announces plans for a pipeline directly connecting the Permian Basin to the Rockies Express network, scheduled to start operations in late 2028 after securing initial commercial agreements with key shippers.
BP backs 12-year extension of UK carbon market through 2042
BP recommends extending the UK emissions trading system through 2042 and calls for alignment with the European market while supporting the inclusion of carbon removals in the scheme.
Aker acquires 20% stake in SLB Capturi and initiates liquidation of Aker Carbon Capture
Aker takes over Aker Carbon Capture’s stake in SLB Capturi for NOK635mn, ahead of a NOK1.7bn distribution and company dissolution.
Enel launches Nuclitalia to invest in small nuclear reactors in Italy
Energy group Enel partners with Ansaldo and Leonardo to form Nuclitalia, a joint venture focused on developing small modular reactor technologies as Italy considers a return to civilian nuclear power.
SpaceNukes to develop next-generation space reactor with University of Michigan
US-based Space Nuclear Power Corporation has been selected to design a fission reactor for nuclear electric propulsion in future military and civilian spacecraft.
Doral Renewables secures $1.5bn financing for Mammoth solar project
Doral Renewables has finalised a $1.5bn structured financing for three photovoltaic plants in Indiana, marking a major step in the construction of the Mammoth Solar complex.
TOYO posts $40.5mn net profit in 2024 despite tripled expenses
Solar solutions manufacturer TOYO Co., Ltd released revised financial results for 2024, reporting a significant increase in net profit despite a sharp rise in operating expenses.
Doral Renewables secures $1.5bn financing for Mammoth solar project
Doral Renewables has finalised a $1.5bn structured financing for three photovoltaic plants in Indiana,
$960mn in funding secured for Des Neiges wind project in Québec
BVH1 s.e.n.c., a partnership between Boralex, Énergir and Hydro-Québec, has secured funding for a
Industrial heat pumps make their mark to reduce CO2 emissions
Skyven Technologies introduces an industrial heat pump capable of generating steam, reducing Western New
Orkla sells its hydropower portfolio for NOK 6.1 billion
Norwegian group Orkla announces the sale of its hydropower portfolio through two separate transactions,
Enertech and Dandelion launch 1,500 residential geothermal systems in the western United States
Enertech Global will supply heat pumps for a 1,500-home project in partnership with Dandelion
Italgas, Edison and Granarolo launch first industrial hydrogen test in Sardinia
Italian dairy group Granarolo will use a blend containing up to 20% green hydrogen from September, in a first-of-its-kind industrial-scale operation led by Italgas and Edison Energia.
McPhy heads towards judicial liquidation after failure of full takeover offers
The French hydrogen company closed its tender process without receiving any in bonis offers, paving the way for a partial asset sale and liquidation proceedings.
