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Letter from London: Occidental’s oil-led defence of DAC
Company warns against potential withdrawal of federal funding for emerging technology as it eyes key role for CO₂ in boosting both conventional and shale oil recovery in US
China eyes global collaboration on CCUS
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
Letter on carbon: Meet America’s first CCS major
Deal with Calpine shows oil and gas major ExxonMobil has no intention of curbing its CCS ambitions, despite US policy risks and broader scepticism over the energy transition
CCS costs surge as trade war rattles developers
Volatile tariffs add new risks for a sector already struggling to achieve economies of scale
US renewables receive unfair advantage
State administrations are using a flawed metric to justify green energy projects
Occidental secures EPA backing for DAC storage
STRATOS project in Texas granted Class IV permits despite deep uncertainty over Trump administration’s readiness to support carbon management tech
China eyes expansion of emissions trading system
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
Kickstarting VCM crediting for orphan oil wells
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
1PointFive lines up carbon network for Texas sequestration hub
Occidental subsidiary signs agreement with Enterprise Products Partners for pipelines and transport services for Bluebonnet hub
CarbonCapture pauses Bison DAC project
Developer cites growing competition for clean power as it puts project in Wyoming on hold
Relations are breaking down
China US
Vincent Lauerman
30 July 2021
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Mission net zero: part three—geopolitics

US-Sino tensions could hinder global co-operation on climate and divert government spending away from net-zero push

The breakdown in relations between China and the US in recent years may have appeared no more than a Trumpian aberration to some. But based on actions and rhetoric by both sides since President Joe Biden took office it has become increasingly obvious we are in the early days of a New Cold War—with China leading an authoritarian bloc and the US attempting to lead a democratic one. This third and final part of the “Mission net zero” series for Transition Economist looks at the most blatant actions and rhetoric by China and the US over the past six months and explores the ways in which a New Cold War could divert attention and resources away from achieving net zero by 2050. Since becoming presi

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After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined

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