The Singapore-based branches of the two companies have formed a new “S-Hub” consortium, which will lead a project to capture and securely store 2.5 million tons of carbon emissions each year by 2030.
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JPMorgan, State Street Quit Climate Action 100+ Investment Coalition
The departures reportedly respond to the coalition’s plea for signatories to take stronger action on companies lagging behind on climate commitments.
Report Claims Plastic Industry, Oil Companies Deceived Public About Plastic Recycling
The Center for Climate Integrity report indicates over 50 years of industry knowledge that recycling is not a viable solution to the growing issue of solid waste.
CDP Scores Show More Companies Consider Climate Impact, Few Meet Highest Benchmark
More than 21,000 companies reported on CDP’s climate change, deforestation, and water security questionnaires, while only about 2% of these companies achieved the A List for environmental disclosures.
ExxonMobil Files Lawsuit to Remove ESG Investors, Climate Activists from Shareholder Meetings
The lawsuit, filed against Follow This and Arjuna Capital, claims the organizations’ proposal for ExxonMobil to accelerate its emissions reduction efforts disrupts its course of business and aims to shrink the company.
TenCate Develops PFAS-Free Synthetic Turf
In addition to removing PFAs from its manufacturing process, TenCate has partnered with Cyclx International and ExxonMobil for a program to recycle end-of-life synthetic turf in the United States.
ExxonMobil Building Carbon Capture Plant with FuelCell Energy
The plant, developed jointly with FuelCell Energy, will not only reduce carbon emissions, but also aims to obtain data on performance and operability of carbonate fuel cell technology.
ExxonMobil’s Corporate Plan Includes Lower Emissions, Lithium Boost
The company plans to pursue $20 billion of lower-emissions opportunities through 2027 and lower greenhouse gas emissions intensity by 40% to 50% by 2030.
Carbon Capture and Storage Goals by Corporations Fall Short
Oil and gas companies tend to be the biggest supporters of carbon capture and storage technology, but their advocacy falls short of bigger climate change goals.
EU Carbon Border Tax Ensnares Cement, Steel, Fertilizer Imports
A trade dispute is in the offing between China and India and the European Union, which is implementing a carbon tax on such things as cement, steel, and fertilizer.