Resource economics

Canada Invests in Green Jobs for Youth

Retrieved on: 
Wednesday, June 30, 2021
Resource economics, Articles, Employment classifications, Energy economics, Green job, Low-carbon economy, Natural Resources

Creating green jobs ensures that Canada's natural resource sectors remain a source of opportunity and prosperity as we build a low-carbon future.

Key Points: 
  • Creating green jobs ensures that Canada's natural resource sectors remain a source of opportunity and prosperity as we build a low-carbon future.
  • They're looking for green jobs and green internships, so we're providing them with the opportunities to build our low-emissions energy future.
  • STIP Green Jobs provides wage subsidies to eligible employers across Canada to hire and mentor youth in the natural resource sectors, including in energy, forestry, mining and earth sciences.
  • Since 2017, STIP Green Jobs created 2,300 STEM green jobs for youth in the natural resource sectors across Canada, incorporating many priorities of the modernized YESS initiative and achieving results.

Klarna becomes first Fintech to join The Climate Pledge and Race to Zero campaign

Retrieved on: 
Wednesday, June 30, 2021
Energy, Resource economics, Greenhouse gas emissions, Articles, Carbon dioxide, Carbon neutrality, Renewable energy, Klarna, Low-carbon economy, Amazon

STOCKHOLM, June 30, 2021 /PRNewswire/ -- Klarna, a leading global retail bank, payments, and shopping service, today announces that the company is joining The Climate Pledge and the Race to Zero campaign .

Key Points: 
  • STOCKHOLM, June 30, 2021 /PRNewswire/ -- Klarna, a leading global retail bank, payments, and shopping service, today announces that the company is joining The Climate Pledge and the Race to Zero campaign .
  • We therefore join forces with other major players to prevent long-term damage to our economies and ways of life.
  • The Climate Pledge is a commitment co-founded by Amazon and Global Optimism to reach net zero carbon emission by 2040, 10 years ahead of the Paris Agreement.
  • The donations will focus on backing initiatives tackling the most pressing challenges around climate change and loss of biodiversity.

Klarna becomes first Fintech to join The Climate Pledge and Race to Zero campaign

Retrieved on: 
Wednesday, June 30, 2021
Energy, Resource economics, Greenhouse gas emissions, Articles, Carbon dioxide, Carbon neutrality, Renewable energy, Klarna, Low-carbon economy, Amazon

STOCKHOLM, June 30, 2021 /PRNewswire/ -- Klarna, a leading global retail bank, payments, and shopping service, today announces that the company is joining The Climate Pledge and the Race to Zero campaign .

Key Points: 
  • STOCKHOLM, June 30, 2021 /PRNewswire/ -- Klarna, a leading global retail bank, payments, and shopping service, today announces that the company is joining The Climate Pledge and the Race to Zero campaign .
  • We therefore join forces with other major players to prevent long-term damage to our economies and ways of life.
  • The Climate Pledge is a commitment co-founded by Amazon and Global Optimism to reach net zero carbon emission by 2040, 10 years ahead of the Paris Agreement.
  • The donations will focus on backing initiatives tackling the most pressing challenges around climate change and loss of biodiversity.

EQT Releases 2020 Environmental, Social and Governance Report and Announces Net Zero Emissions Targets

Retrieved on: 
Tuesday, June 29, 2021
Greenhouse gas emissions, Resource economics, Energy, Articles, Carbon dioxide, Carbon neutrality, Renewable energy, Low-carbon economy, Greenhouse gas emissions by the United Kingdom, The Climate Group

Additionally, the Company announced targets to achieve net zero Scope 1 and 2 greenhouse gas (GHG) emissions in its Production segment operations by or before 2025.

Key Points: 
  • Additionally, the Company announced targets to achieve net zero Scope 1 and 2 greenhouse gas (GHG) emissions in its Production segment operations by or before 2025.
  • Our 2020 ESG Report outlines our strategy for reducing our emissions and how we view our role in accelerating a transition to a low carbon future," said Toby Z.
  • Rice continued, "The actions that we have taken in the last year have set EQT on the path to be net zero by 2025, if not sooner.
  • Topics of the conference call will include data disclosed in EQT's 2020 ESG Report, including a discussion of EQT's ESG strategy and emissions reduction targets.

ELYSIS: Additional $20 million in federal funding

Retrieved on: 
Tuesday, June 29, 2021
Greenhouse gas emissions, Energy, Articles, Environmental impact of the energy industry, Resource economics, Carbon footprint, Low-carbon economy, Low-carbon fuel standard

The technology has the potential to transform the aluminium industry, with a significant reduction in its carbon footprint.

Key Points: 
  • The technology has the potential to transform the aluminium industry, with a significant reduction in its carbon footprint.
  • ELYSIS is working to complete the technology demonstration by 2024 followed by the commercialization activities.
  • The ELYSISTMtechnology addresses the global trend towards producing low carbon footprint products, from mobile phones to cars, planes and building materials.
  • In Canada alone, the ELYSISTMtechnology has the potential to reduce GHG emissions by 7 million tons, the equivalent of removing 1.8 million cars from the roads.

Investment to help Canada's aluminum industry eliminate its carbon footprint

Retrieved on: 
Tuesday, June 29, 2021
Energy, Articles, Resource economics, Greenhouse gas emissions, Carbon footprint, Environmental impact of the energy industry, Low-carbon economy, Aluminium smelting

Zero-carbon aluminum smelting is the kind of innovation that will help achieve both Canada's economic and climate change goals.

Key Points: 
  • Zero-carbon aluminum smelting is the kind of innovation that will help achieve both Canada's economic and climate change goals.
  • Once fully developed and implemented at Canadian aluminum smelters, ELYSIS' technology would almost eliminate the Canadian aluminum industry's smelting carbon footprint, eliminating as much as 7million tonnes of carbon emissions per year, which represents 1% of Canada's overall greenhouse gas (GHG) emissions.
  • The investment strengthens local manufacturing capabilities, integrating local workers and supply chains in the shift toward a greener and more resilient aluminum industry in Canada.
  • This investment will foster innovation, create good jobs here in Quebec and help support the future competitiveness of Canada's aluminum industry."

Brooks Running Announces a Science-Backed Plan to Achieve Net Zero Carbon Emissions by 2040

Retrieved on: 
Tuesday, June 29, 2021
Retail, Specialty, Environment, Fashion, Articles, Climate change policy, Greenhouse gas emissions, Carbon finance, Resource economics, Energy, Carbon dioxide, Carbon neutrality, Renewable energy, Carbon credit, Low-carbon economy, Climate change in New Zealand

View the full release here: https://www.businesswire.com/news/home/20210629005275/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210629005275/en/
    Brooks Running Ghost 14 (Photo: Business Wire)
    At Brooks, we think that climate change demands urgent and universal action, said David Kemp, Senior Manager of Corporate Responsibility at Brooks Running.
  • Because more than 150 million people worldwide run outside, its critical that we take responsibility for our impact on the planet.
  • Brooks commitment to achieve net zero carbon emissions by 2040 will be achieved by first reducing emissions in line with climate science, with Brooks Science Based Targets to reduce carbon emissions recently validated by the Science Based Target initiative.
  • In partnership with ClimateCare , Brooks will purchase high-quality carbon credits from projects that avoid or reduce carbon emissions from entering the atmosphere.

Dastur Selected by the US Department of Energy to Design and Engineer the First Industrial Scale Carbon Capture Project at a Large Integrated Steel Producer in North America

Retrieved on: 
Monday, June 28, 2021
Environment, Steel, Other Energy, Engineering, Oil, Gas, Public policy, Government, Alternative energy, Manufacturing, Energy, White House, Federal Government, Resource economics, Energy, Carbon capture and sequestration, Articles, Low-carbon economy, Renewable energy economy, Emissions reduction, Carbon capture and storage

Ridgewood, NJ based Dastur International, Inc., along with its affiliate companies Dastur Energy Inc. and M. N. Dastur & Co (P) Ltd. (Dastur), has been awarded a US Department of Energy (US DOE) funded study for the design and engineering of a carbon capture project for a large integrated steel producer in North America.

Key Points: 
  • Ridgewood, NJ based Dastur International, Inc., along with its affiliate companies Dastur Energy Inc. and M. N. Dastur & Co (P) Ltd. (Dastur), has been awarded a US Department of Energy (US DOE) funded study for the design and engineering of a carbon capture project for a large integrated steel producer in North America.
  • The project is designed to enable the production of low-carbon emissions steel through CO2 capture of up to 2 mtpa from the available blast furnace gases.
  • This is the first industrial-scale carbon capture project for the steel sector in North America.
  • This is the first and a very important carbon capture project at an integrated steel plant in the United States.

Priority Power Announces Agreements with HighPeak Energy to Partner on Electrification and Renewable Energy Projects

Retrieved on: 
Thursday, June 24, 2021
Alternative energy, Energy, Utilities, Oil, Gas, Energy, Articles, Resource economics, Energy policy, Energy economics, Sustainable energy, Low-carbon economy, Renewable energy economy, Solar energy, Renewable energy commercialization, Priority Power Management, LLC, HighPeak Energy, Inc., PRIORITY POWER MANAGEMENT, LLC, HIGHPEAK ENERGY, INC.

Priority Power will develop, finance, engineer, construct, operate, and maintain the Project Facility.

Key Points: 
  • Priority Power will develop, finance, engineer, construct, operate, and maintain the Project Facility.
  • Priority Power will integrate and manage HighPeaks existing and future electricity supply agreements with the solar powered energy generated from the solar generation facility.
  • Priority Power is an independent energy solutions provider focused on energy infrastructure, energy transition program management, market intelligence operations, and energy structuring.
  • Priority Power seeks to prioritize energy efficiency and leverage its engineering, procurement, construction, and market expertise to aid in decarbonization of the industrial economy.

Gas Prices to Remain Highest Since 2014 for 4th of July Weekend

Retrieved on: 
Wednesday, June 23, 2021
Energy, Energy economics, Pricing, Resource economics, Articles, Gasoline and diesel usage and pricing, GasBuddy, Energy crisis

According to GasBuddy, many drivers will see prices remain above the $3 per gallon mark in time for the upcoming holiday weekend.

Key Points: 
  • According to GasBuddy, many drivers will see prices remain above the $3 per gallon mark in time for the upcoming holiday weekend.
  • According to GasBuddys annual summer travel survey in May, 46 percent of Americans plans this summer were affected by high gas prices, which had been rising steadily until recently.
  • Prior to the upcoming holiday weekend, Americans saw gas prices spike in early March, and again in mid-May due to increasing demand and the Colonial Pipeline shutdown.
  • With Covid recovery continuing this summer, oil prices are likely to remain elevated, keeping gas prices above $3 per gallon for most of the summer.