UK fund makes first investment in CO2 project to drive industrial renewal

The National Wealth Fund (NWF), the UK’s sovereign wealth fund, intends to make a multi-million equity investment in the development that will store CO2 emissions in the East Irish Sea. The post UK fund makes first investment in CO2 project to drive industrial renewal appeared first on Offshore Energy.

Oil bunker costs to double by 2035 on IMO rules, says Wartsila

Oil-based bunker costs will double over the next decade due to the International Maritime Organization’s upcoming regulation on greenhouse gas emissions, Finland-based Wartsila’s CEO Hakan Agnevall told Platts while laying out a low-carbon fuel transition pathway for shipping. Tasked with regulating cross-border maritime transportation, the UN agency in April voted for two sets of GHG …

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