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Ex-carbon offsetting boss charged in New York with multimillion-dollar fraud

The Guardian - Fri, 2024-10-04 15:00

Kenneth Newcombe, formerly CEO of C-Quest Capital, indicted over allegations of carbon credit manipulation

A former carbon offsetting executive has been charged with fraud by US federal authorities, who allege that he helped to manipulate data from projects in rural Africa and Asia to fraudulently obtain carbon credits worth tens of millions of dollars.

Kenneth Newcombe, former CEO of C-Quest Capital LLC and a leading figure in the offsetting industry, was indicted on Wednesday in New York with commodities and wire fraud.

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New video shows sharks making an easy meal of spiky sea urchins, shedding light on an undersea mystery

The Conversation - Fri, 2024-10-04 14:07
Sharks easily consumed large, spiky sea urchins – sometimes in just a few gulps. See it for yourself, in our new Footage from the Field Series. Jeremy Day, PhD researcher, University of Newcastle Licensed as Creative Commons – attribution, no derivatives.
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Carmakers ramp up pressure on chancellor for EV sales subsidies

The Guardian - Fri, 2024-10-04 14:00

Bosses say cost of complying with zero-emission vehicle mandate is ‘astronomical, and unsustainable’

UK electric car sales hit a record high in September, even as bosses from big carmakers told the chancellor that government targets were putting too much pressure on the industry.

The British industry sold 56,300 electric cars during the month, the highest on record, according to preliminary data published by the Society of Motor Manufacturers and Traders (SMMT), a lobby group.

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Australian carbon, biodiversity offset developer raising capital for Queensland assets

Carbon Pulse - Fri, 2024-10-04 12:35
An Australian investment manager is raising A$6.6 million ($4.5 mln) for a fund that purchases agricultural land for carbon and biodiversity offset projects.
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WCI Markets: ARB rulemaking update expectations drive up CCAs amidst inexplicable WCA rally

Carbon Pulse - Fri, 2024-10-04 12:22
Anticipation for the next stage in ETS rulemaking lifted California Carbon Allowance (CCA) prices in the secondary market over the last five sessions, while the $10 rally over the last two weeks in Washington Carbon Allowances (WCAs) continues to confound traders.
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Canadian cement manufacturer targets emissions reductions with $38 mln low-carbon fuel investment

Carbon Pulse - Fri, 2024-10-04 12:19
A major cement producer commissioned Thursday a $38 million low-carbon fuel facility at its Alberta cement plant, anticipated to replace up to 50% of the site’s gas usage and reduce 30,000 tonnes of CO2 annually.
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WCI compliance instrument surplus exceeds 400 mln in Q3, while entities close accounts

Carbon Pulse - Fri, 2024-10-04 11:58
The WCI compliance instrument surplus once again picked up in Q3 ahead of the November true-up deadline, although account holders declined over the timeframes in light of general market participants' exit.
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Global climate fund to invest up to $1 bln to decarbonise industry sectors in developing countries

Carbon Pulse - Fri, 2024-10-04 10:18
One of the largest climate funds in the world announced on Thursday that it would invest up to $1 billion in technologies that reduce emissions from the industrial sector in developing countries.
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Mexican nature-based projects not yet meeting demand for high-integrity credits, consultant says

Carbon Pulse - Fri, 2024-10-04 10:07
The quality of carbon credits generated by forest carbon projects in Mexico are not meeting the market’s new demands for high quality offsets, a Mexican project consulting firm said Thursday.
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Labour to commit almost £22bn to fund carbon capture and storage projects

The Guardian - Fri, 2024-10-04 09:01

Investment will fund two CCS clusters – but environmental campaigners have criticised plans

Rachel Reeves is paving the way for a multibillion-pound increase in public-sector investment at the budget after the government announced plans to commit almost £22bn over 25 years to fund carbon capture and storage projects.

In what is expected to be one of the biggest green spending promises of the parliament, the chancellor, prime minister and the energy secretary, Ed Miliband, will unveil the details on a visit to the Liverpool city region on Friday declaring a “new era” for clean energy jobs.

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Rare brightening comet seen passing Earth from Hawaii

BBC - Fri, 2024-10-04 08:02
Scientists estimate the last time Comet Tsuchinshan-ATLAS visited our solar system was 80,000 years ago.
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Rwanda, Sweden plan Article 6 cooperation

Carbon Pulse - Fri, 2024-10-04 07:16
The Swedish Energy Agency (SEA) and the Rwandan Ministry of Environment signed an MoU on Thursday for a cooperative partnership under Article 6 of the Paris Agreement.
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