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Tag: Energy Transition

Cap-and-trade showdown: Will US voters pull the plug?

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Cap-and-trade showdown: Will US voters pull the plug?

Washington state's carbon market may be at an end. Voters could scrap the cap-and-invest program, which has raised more than $2 billion since 2023, which would send shivers among states eyeing similar moves. Created under the Climate Commitment Act (CCA), this market requires Washington's biggest polluters to purchase carbon credits. The controversial program has become […]

Investment companies are cooperating on energy transition projects in the Middle East

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Investment companies are cooperating on energy transition projects in the Middle East

Saudi Arabia-based Hassana Investment Company and US-based EIG have signed a memorandum of understanding (MoU) to collaborate on infrastructure and energy transition projects in the Middle East through EIG's $1 billion targeted regional fund , in which Hassana is considering becoming an anchor investor with an allocation of up to $250 million. Courtesy of EIG […]

Kennecott trucks switching to renewable diesel could mean 107,000 cars off the road • Utah News Dispatch

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Kennecott trucks switching to renewable diesel could mean 107,000 cars off the road • Utah News Dispatch

Some of Kennecott's heaviest haulers make the average person look like a miniature in the vastness of Kennecott's Bingham Canyon Mine. Just one wheel is more than 1.80 meters long and the huge dump trucks can transport around 320 tons of material in one trip. Now all 97 of them and other heavy machinery equipment […]