Petrobras and Shell Brazil Launch Carbon Countdown, the Largest Carbon Stock Inventory Ever Conducted in the Country

Dec. 15 - Petrobras and Shell Brazil launched Carbon Countdown, the largest project ever undertaken to measure, in a standardized way and on a national scale, above- and below-ground carbon stocks in all terrestrial biomes of the country. The companies' mutual interest in the decarbonization process is complemented by the scientific expertise of Esalq/USP, the... Continue Reading →

December 15, 2025 0

CBO Group signs contract with ENEL for decarbonization solutions

(TN) Enel Trading, the Enel Group's trading company, has facilitated the acquisition of carbon credits from Enel Green Power plants by CBO Group (Companhia Brasileira de Offshore), a company in the maritime support segment. The company signed a contract to offset emissions from its vessels, via carbon credits, and from three administrative units, via I-RECs... Continue Reading →

August 30, 2024 0

Shell takes axe to its eco-friendly business as oil giant focuses on digging up fossil fuels

(FOR) Shell has taken another axe to its once lofty decarbonization plans, as the U.K. oil giant’s pivot back to fossil fuels picks up steam. The group plans to cut at least 15% of staff working in its low-carbon solutions division while scaling back its hydrogen business, Reuters first reported Wednesday. The move will see 200 jobs go in... Continue Reading →

October 30, 2023 0

Petrobras to use carbon credits to decarbonize premium gasoline

(Reuters) - Brazil state-run oil firm Petrobras (PETR4.SA) will use the 175,000 carbon credits it purchased last month to render carbon neutral around a year's worth supply of its premium gasoline, Gasolina Podium, a company executive said on Wednesday. Petrobras made its first ever carbon credit purchase in September, as part of broader push to become more sustainable.... Continue Reading →

October 26, 2023 0

Petrobras makes its first purchase of carbon credits

Petróleo Brasileiro S.A. – Petrobras informs that it has acquired 175,000 carbon credits, marking its entry into the voluntary carbon credit market. Each credit represents 1 ton of CO2 equivalent avoided, totaling 175,000 tons of greenhouse gases (GHG) not emitted. These credits correspond to the preservation of an area of 570 hectares of the Amazon... Continue Reading →

September 5, 2023 0

Brazil Offshore Wind wants industrial policy to guarantee demand

(epbr) As of July 14, IBAMA had applications for licensing for 78 offshore wind projects, adding up to 189 GW of capacity with the installation of around 13,000 turbines on the Brazilian coast – this is almost the total power of energy installed in the entire country (194 GW). To get the projects off the... Continue Reading →

August 15, 2023 0

Oil hot-spot Guyana sees potential for lucrative carbon-offset business

(Reuters) - Guyana, which has jumped into the forefront of offshore oil exploration, is using its inland forests to tap carbon markets, in a business the government sees as more profitable than using the acreage for mining or agriculture, Vice President Bharrat Jagdeo said on Wednesday. The South American country, one of the fastest growing... Continue Reading →

February 15, 2023 0

CBO advances ESG agenda and publishes first sustainability report

(PEN) In a year with a record number of new contracts and solid results, the Brazilian CBO Group advanced in ESG (Environmental, Social and Corporate Governance) practices and published its first Sustainability Report, 2021 version. , investment in energy efficiency actions and the waste reduction results promoted by the Visão Verde Program. The maritime support... Continue Reading →

June 8, 2022 0

Oil and gas bankers confront their own energy transition

(Reuters) - Can oil bankers learn renewable tricks? They may need to in this climate, judging by the experience of Douglas MacKenzie, a Citigroup banker who has spent decades advising global energy giants on fossil fuel deals since joining Goldman Sachs as an associate in 1985. "I cover Big Oil. I'm a supermajor guy," the... Continue Reading →

February 8, 2022 0

Global finance group urges greater use of carbon markets to meet climate goals

(Reuters) - Countries must increase the use of carbon markets to meet the Paris climate goals of limiting a global rise in temperature to 1.5 degrees Celsius (2.7 Fahrenheit), the Global Financial Markets Association (GFMA) said on Thursday. Global leaders will gather in Glasgow, Scotland, from Sunday for a United Nations climate summit, when negotiators... Continue Reading →

October 28, 2021 0

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