Hess Inks $750 Million Carbon Credit Deal with Guyana
Hess Corp. announced a deal on Dec. 2 to acquire 37.5 million REDD+ jurisdictional carbon credits directly...
Hess Corp. announced a deal on Dec. 2 to acquire 37.5 million REDD+ jurisdictional carbon credits directly from the government of Guyana between 2022 and 2032 for a minimum of $750 million.
The credits will be on the Architecture for REDD+ Transactions (ART) registry and independently verified to represent permanent and additional emissions reductions under ART’s REDD+ Environmental Excellence Standard 2.0 (TREES), the U.S.-based independent announced in a press release.
The agreement supports government efforts to protect Guyana’s vast forests and will provide capital to improve the lives of Guyanese citizens through government investments as part of the country’s Low Carbon Development Strategy (LCDS) 2030, Hess said.
Oil tankers are piling up off Turkey from the EU’s price cap on Russian oil
A European Union price cap on Russian oil kicked in on Monday and it's already causing shipping disruption...
A European Union price cap on Russian oil kicked in on Monday and it's already causing shipping disruption — oil tankers are piling up off the coast of Turkey as Ankara is demanding paperwork that the vessels are fully insured, according to the Financial Times.
Georgia voters will decide today between Republican Herschel Walker and incumbent Democrat Raphael Warnock in the state's US Senate runoff amid record-breaking early voting. Warnock finished ahead of Walker in the first round of voting, 49.4% to 48.5%, but failed to pass the 50% threshold needed to avoid a runoff.
Democrats have secured a Senate majority when factoring in Vice President Kamala Harris acting as the tiebreaker. Surveys suggest Warnock enters with a few percentage point lead that remains within the margin of error. Polls close at 7 pm ET.
2023 Predictions. Will Markets Crash and Oil Fall?
The Fed cutting rates by 200 basis points and oil falling to $40 a barrel are among Standard...
The Fed cutting rates by 200 basis points and oil falling to $40 a barrel are among Standard Chartered's list of surprises for 2023. The group listed potential scenarios that could send shockwaves through global markets next year — and one prediction says the Nasdaq 100 will crater another 50%.
US stock futures rise early Tuesday, attempting a comeback after data fired up concerns...
US stock futures rise early Tuesday, attempting a comeback after data fired up concerns the Fed could stick with its aggressive rate hikes at its meeting next week. Meanwhile, Charles Schwab's chief strategist says it's overly optimistic to believe that the Fed will move quickly between a pause and a pivot. Here are the latest market moves.
Earnings on deck: AutoZone Inc., Ashtead plc, and more, all reporting.
