Published by Todd Bush on January 20, 2025
WASHINGTON (Reuters) - President-elect Donald Trump's pick for U.S. Treasury Secretary, Scott Bessent, told U.S. senators on Thursday he is interested in potentially enacting tariffs on carbon emissions.
"Itβs a very interesting idea that could be part of an entire tariff program," Bessent told the Senate Finance Committee, "President Trump hasn't taken office yet, but if confirmed, I look forward to working with them on various strategies, some that could be specifically aimed for carbon.
Bessent said other tariffs could be aimed at other trade practices.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 𧬠Occidental's Bold Bet on Carbon Removal: What the Holocene Acquisition Really Means π Project to Suck Carbon Out of Sea Begins in UK π§± NovoMOF Raises $5.4 Million to Scale Up L...
Inside This Issue π§ͺ CF Industries Announces Joint Venture with JERA Co., Inc., and Mitsui & Co., Inc., for Production and Offtake of Low-Carbon Ammonia πͺ¨ Microsoft Signs Large Carbon Removal D...
Inside This Issue π’ US Against Plan for Levy on Carbon Emissions From Ships, Leak Suggests π± Envitec Biogas Commissions Its Largest Anaerobic Digestion Plant in the US π₯οΈ First-of-Its-Kind AI-powe...
NovoMOF Raises $5.4 Million to Scale Up Low-Cost Carbon Capture Materials
novoMOF said it has raised CHF 4.4 million (USD $5.4 million) to further advance its sustainable materials for low-cost carbon capture in high-emissions industrial sectors. Founded in 2017 as a sp...
THE WOODLANDS, Texas, April 15, 2025 /PRNewswire/ -- CB&I and a consortium including Shell International Exploration and Production, Inc. (Shell), a subsidiary of Shell plc, GenH2 and the Unive...
Hydrogen Capture Enhances Sustainability and Profitability of Olin's St. Gabriel Facility Plug US Hydrogen Capacity now at 40 metric-ton-per-day (TPD) CLAYTON, Mo., April 17, 2025 /PRNewswir...
Indigo Approaches a Megaton of Carbon Removals Stored in US Cropland
Indigo's MRV approach recognized as industry best practice 85% decrease in administrative burden removes meaningful obstacle to scale-up Over 1M carbon removals and reductions achieved cumul...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.