Energy giants TotalEnergies, Equinor and Shell announced plans to invest NOK 7.5 billion (USD$714 million) to expand the Northern Lights carbon transportation and storage project in Norway, more than tripling the projects capacity from 1.5 million to more than 5 million tons of CO2 per year from 2028. The Northern Lights project, a joint venture between the companies, was launched…
The U.S. Securities and Exchange Commission (SEC) announced today that it has voted to end its legal defense of its climate disclosure rules, effectively walking away from its regulation requiring companies to report on climate risks and greenhouse gas emissions, without actually having to rescind the rules. In a statement announcing the Commission’s decision, SEC Acting Chairman Mark Uyeda, who…
Data, analytics, and technology company Equifax UK announced the launch of its new Financed Emissions Calculator, aimed at enabling financial institutions to automate, measure and track their financed emissions, and streamline their sustainability reporting requirements. Launched in partnership with Scottish data firm CienDos, the new cloud-based Financed Emissions Calculator will enable lenders to better determine the greenhouse gas emissions indirectly…