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Nature Summit Focuses on Economic Drivers of Climate Action in Panama

Nature Summit Focuses on Economic Drivers of Climate Action in Panama

PANAMA CITY, PANAMA – May 21, 2025 The second day of the Nature Summit began with a focus on the green economy, under the theme “Nature as Infrastructure, Climate as Strategy.” Hosted at the Biomuseo in Panama City, the morning sessions addressed the financial, political, and technical frameworks shaping climate-related

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Oxy and ADNOC Group Target $500M DAC Deal to Boost U.S. Climate Tech

Oxy and ADNOC Group Target $500M DAC Deal to Boost U.S. Climate Tech

Key Impact Points: Joint Venture Targets Large-Scale Carbon Removal Occidental and ADNOC’s investment arm, XRG, have signed a Strategic DAC Framework Agreement to explore a joint venture to build a Direct Air Capture (DAC) facility in South Texas. The project would be developed by Occidental subsidiary 1PointFive. XRG is considering

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Svante Opens World’s First Carbon Capture Gigafactory to Scale Industrial CO2 Removal

Svante Opens World’s First Carbon Capture Gigafactory to Scale Industrial CO2 Removal

Key Impact Points: First-Ever Carbon Capture Gigafactory Svante Technologies Inc. has officially launched the world’s first commercial gigafactory for carbon capture and removal filter production. Located in Burnaby, British Columbia, the new Redwood manufacturing facility represents a pivotal step in scaling industrial carbon capture. “Today, we are making history,” said

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Microsoft’s Massive Nature-Based Carbon Deal Sets New Climate Benchmark

Microsoft Commits to 18 Million Tonnes of Nature-Based Carbon Removal Credits in Landmark Deal with Rubicon Carbon

Key Impact Points: Rubicon Carbon has signed a landmark framework agreement with Microsoft to supply 18 million tonnes of high-quality nature-based carbon removal credits. Announced May 15, 2025, this marks one of the most significant single-corporate purchases in the voluntary carbon market. Each transaction in the agreement will be structured

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Weaker Climate Rules May Heat Up Market Volatility

Weaker Climate Rules May Heat Up Market Volatility

Key Impact Points: Basel Retreat from Mandatory Climate Standards Sparks Concern Global financial watchdogs have scaled back their climate oversight ambitions. At its latest meeting in Basel, Switzerland, the Group of Central Bank Governors and Heads of Supervision (GHOS) approved a pivot for the Basel Committee on Banking Supervision—favoring voluntary

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