current year and beyond. Green Plan 2030 will levy $2.10 per tonne1. Strategy scheduled for later this year. ambitions. the revised carbon tax framework in 20247. and, consequently, reduce emissions. duties periodically5. decarbonisation targets6. schemes only permit trading in domestic credits10. short to medium term. as a market for Australia’s growing supply of carbon credits. […]
Most of the Barossa project’s carbon dioxide emissions will be from combustion, which cannot be captured. There is escalating pressure from stakeholders, regulators and civil societies on oil and gas companies to take their liability for Scope 3 emissions into account. Santos has a target of reducing Scope 3 emissions by 1.5 million tonnes per […]
Most of the Barossa project’s carbon dioxide emissions will be from combustion, which cannot be captured. There is escalating pressure from stakeholders, regulators and civil societies on oil and gas companies to take their liability for Scope 3 emissions into account. Santos has a target of reducing Scope 3 emissions by 1.5 million tonnes per […]
“The video industry is taking the ‘green initiative’ seriously,” said Thierry Fautier, vice president of strategy for Harmonic. Real Companies, Tangible Actions Across the M&E industry, specific companies and organizations are taking tangible steps to make themselves and the industry as a whole more sustainable. “The largest source of power consumption for video services is […]
Starting in 2022, companies will be able to claim a tax credit of up to 60 per cent for direct air capture projects and 50 per cent for all other eligible carbon capture projects. “It’s potentially a lot of money, and especially very quickly,” Fellows said of the tax credit. Canadian oil and gas companies […]
The 2022 budget tabled Thursday earmarks $2.6 billion over the next five years — and then $1.5 billion annually until 2030 — to push companies in sectors like oil and gas to spend money on eligible carbon capture, utilization and storage projects. The new tax credit, first promised in last year’s budget, will be available […]
From 2022 through 2030, the investment tax credit rates would be set at 60% for investment in equipment for direct air capture projects, 50% for equipment in all other carbon capture projects, and 37.5% for transportation, storage and use. Carbon capture projects permanently store carbon dioxide emissions before they are released into the atmosphere. With […]
Starting in 2022, companies will be able to claim a tax credit of up to 60 per cent for direct air capture projects and 50 per cent for all other eligible carbon capture projects. “It’s potentially a lot of money, and especially very quickly,” Fellows said of the tax credit. Canadian oil and gas companies […]
Until 2030, the investment credit rate will be set at 60% for direct air capture technology that draws carbon dioxide out of the air and 50% for other CCUS projects that include oil and gas production and recovery of emissions from hardware. The tax credit was created to reduce emissions by 15 megatons by 2030, […]
This certification, under Climate Active, is only awarded to businesses that have reached a state of achieving zero net emissions. We cannot give more to the community than assure it that our gins tread carefully on our planet especially in this time of climate crisis. The soon-to-launch Four Pillars distillery, named Healesville 2.0, has seen more than […]
“From the very first day we distilled gin we have tried to recycle, re-use and replenish our environment and give back to the community. We cannot give more to the community than assure it that our gins tread carefully on our planet especially in this time of climate crisis. Gin will be ‘piped’ directly into […]
The government plans to implement a “Canada Recovery Dividend,” under which banks and life insurers will pay a one-time 15% tax on taxable income above $1 billion for the 2021 tax year. According to a Canadian Press report earlier today, CIBC ‘s chief executive officer said a tax hike targeting major financial institutions could send […]
“I’ve been living here for 18 years and honest to God, we are the world leaders,” he said. With that in mind, the Regina Leader-Post has created an Afternoon Headlines newsletter that can be delivered daily to your inbox to help make sure you are up to date with the most vital news of the […]
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The climate crisis is undoubtedly one of the great challenges of our time. Governments and businesses are two key actors in society when it comes to taking on the climate crisis. EU carbon permits traded at a record € 98.5 in February this year – following news that EU lawmakers were mulling key reforms in […]
The federal budget that was tabled on April 7 offers $2.6 billion in tax incentives over five years to companies that deploy carbon capture, utilization, and storage , enabling them to write off up to 60% of their investments in the area. Alberta Energy Minister Sonya Savage said earlier this week that 50% would be […]
Crypto enthusiasts are not usually among the top buyers of carbon offsets. In this case, crypto users did not move into offsets as a way to counteract the enormous emissions associated with mining cryptocurrencies. Blockchain technology underpinning cryptocurrency can be used to keep a public record of accounts involved in transactions for carbon offsets, even […]
But we don’t think it’s a fatal flaw,” said Michael Belenkie, CEO of Advantage Energy, a mid-sized producer that is pursuing carbon capture and storage developments. MEG is part of the Oilsands Pathways to Net Zero Alliance, a group of six companies working together to reach net-zero emissions by 2050. Some environmental groups lambasted the […]
