Latest news with #climateGoals
Reuters
5 days ago
- Business
- Reuters
Britain's Centrica signs $27 billion deal for gas from Norway's Equinor
LONDON, June 5 (Reuters) - British Energy owner Centrica (CNA.L), opens new tab has signed a 10-year deal worth more than 20 billion pounds ($27.07 billion) to receive gas from Norwegian producer Equinor ( opens new tab, the companies said on Thursday. Britain is seeking to cut its reliance on gas to help meet climate targets but around 70% of its homes are heated using the fossil fuel while gas-fired power plants account for around a quarter of the country's electricity supply. "This landmark agreement underscores the vital role that natural gas plays as a transition fuel as we navigate towards a low carbon energy future," Centrica CEO Chris O'Shea said in a press release. Equinor will supply five billion cubic meters (bcm) of gas a year until 2035, equivalent to around 8% of Britain's gas demand. The contract also allows for natural gas sales to be replaced with hydrogen in the future. Britain's North Sea fossil fuel production has declined sharply since its peak in the late 1990s and the Labour government has said it will not issue any new oil and gas licences as part of its efforts to meet climate goals. Britain imported almost two-thirds of its gas demand last year, with half of the imports coming from Norway. Centrica last signed a deal with Equinor in June 2022 for the firm to deliver additional gas for the following three winters as countries across Europe grappled with supply concerns following Russia's invasion of Ukraine and a huge reduction in Russian gas flows to Europe. Centrica also has liquefied natural gas deals with U.S. firms Coterra Energy and Delfin Midstream, and Brazil's Petrobras. ($1 = 0.7389 pounds)
CBC
29-05-2025
- Business
- CBC
Should Quebec keep its carbon pricing system?
Social Sharing Since the federal government scrapped its carbon tax, Quebec stands alone as the only province with its own price on carbon. Now, the Quebec government is facing calls from some corners to eliminate it in order to bring down the price at the pump. But some experts say that would put us even further from our climate goals. And some Quebecers are still trying to wrap their heads around what exactly we're paying — and where the money goes. Do you have a question about Montreal? Host Ainslie MacLellan is determined to help find the answer. Whether it's a story that's disappeared from the headlines, a curious landmark in your neighbourhood, or a quirk of Montreal life you've been wondering about, we're on it. Let's learn about this place together. Your Montreal questions, answered weekly. Nothing too big, too small or too weird. What are you wondering? Send us your question here.
Zawya
17-05-2025
- Business
- Zawya
Sustainability Forum Middle East hosts networking reception for senior business and sustainability leaders
Event reinforces the Forum's mission to serve as a year-round platform supporting the implementation of sustainability and climate goals. Manama – Sustainability Forum Middle East (SFME), a regional platform dedicated to driving net zero and nature positive solutions, hosted a networking reception at SUSHISAMBA, Conrad Bahrain Financial Harbour, bringing together nearly 100 senior business and sustainability leaders to facilitate dialogue and cross-sector engagement as organisations in Bahrain and around the region work to advance their sustainability and climate objectives and commitments. In attendance were senior representatives from the Forum's partners, members of its regional Advisory Committee, senior executives, and sustainability experts from leading public and private sector organisations in Bahrain and beyond. The event's sustainability focus was also reflected in the partner venue with the Conrad Bahrain Financial Harbour having been awarded as a LEED Gold certified building. This prestigious certification reflects the hotel's dedication to green building standards and sustainable luxury and serves to underscore its support and commitment to enhancing Bahrain's sustainability ecosystem. Commenting on the gathering, Ms. Laila Danesh, Managing Director of FinMark Communications, the Forum's founders and organisers, said, 'We are thrilled with such strong attendance and ongoing engagement with the Forum from the business and sustainability ecosystem in Bahrain and beyond. This networking reception forms part of SFME's ongoing efforts to bring together business leaders and climate and sustainability experts to engage and support one another in accelerating action on the 2050/2060 net-zero commitments of MENA countries and broader global climate and sustainability goals. In addition to our Forums, Workshops and Roundtables, we believe that events like this help to foster cooperation among the sustainability community, an essential pillar of progress and efficiency in the exciting transition that lies ahead.' The reception is part of SFME's broader programme focused on education, connection, and experience-sharing. It reinforces the Forum's mission to serve as a year-round platform that supports the implementation of sustainability initiatives and contributes to both regional and global climate objectives. Supporting the Forum's annual calendar of events are the Supreme Council for Environment, Kingdom of Bahrain, Strategic Partners: National Bank of Bahrain and Standard Chartered Bank, Forum Partners: Bapco Energies, Aluminium Bahrain, Arab Shipbuilding and Repair Yard, American Chamber of Commerce Bahrain, Al Areen Holding, Benefit, Boston Consulting Group, Environment Arabia, First Motors, Foulath Holding, Gulf Air, Gulf International Bank B.S.C, talabat, Forum Supporters: APM Terminals Bahrain and Sinnad, Learning Partner: Impact Learning and Development, and Media Partners: Asharq Business with Bloomberg, BFT Media, OGN, and Sustainable Finance Daily. About Sustainability Forum Middle East Sustainability Forum Middle East is a regional platform for promoting understanding and driving climate action on the part of the private sector, whose embracing of decarbonisation and the promotion of nature-based solutions is critical to meeting the net-zero and sustainability ambitions of the MENA countries. Annually, the Forum hosts a two-day Forum (next edition in January 2026) featuring expert-led workshops and high-level dialogue, as well as a series of roundtable events held across the region that delve into subjects critical to the drive towards decarbonisation and sustainable development of the MENA economies. For more information, please contact: FinMark Communications Email: ztaher@
