The companies will collaborate to facilitate improvements in ESG performance through the provision of sustainability-linked financings and third-party continuous emissions monitoring data.
The greenhouse gas offset credit system is intended to support a domestic carbon offset trading market.
Shell has invested in wind farm and solar developers that are building renewables projects producing about 13 gigawatts per year in Texas and elsewhere in the U.S.
The bill is part of the state's effort to reduce statewide greenhouse gas emissions by 85% by 2050.
Milestone Carbon LLC will evaluate geological and geophysical characteristics of Texas Pacific Land Corp.'s Permian Basin acreage for sequestering captured CO2.
The lack of emissions guidelines could serve as a barrier to significant progress as E&P companies in the Lower 48 explore advancing carbon management technologies.
While investors and end users have already started to seek out gas producers with high ESG standards, regulators are “starting to pick up on this notion of certified gas,” said Equitable Origin’s Jennifer Stewart.
The collaborative research program with Colorado State University will focus on PureWest Energy’s evaluation of multiple continuous emissions monitoring technologies in field testing sites in Pinedale, Wyoming.
The action by the justices in a brief unsigned order boosted President Biden’s efforts to factor the risks of global warming into federal decision-making.