Today’s ESG Updates
- Australia Revises Carbon Capture Plan: Woodside withdraws and prepares to resubmit its CCS project under updated environmental laws.
- India Speeds Up Renewables Amid Gas Shortage: Gas supply disruptions push India to fast-track wind and storage projects and increase coal output.
- Nigeria Fuel Prices Surge Despite New Refinery: Record gasoline prices highlight continued reliance on global markets and limited domestic supply.
- European Airlines Beat Green Fuel Target: Airlines likely to exceed EU sustainable aviation fuel targets ahead of schedule.
Woodside pulls, then revises carbon capture plan
Woodside Energy has withdrawn its proposed Browse carbon capture and storage (CCS) project from Australia’s environmental approvals process, but plans to resubmit it under updated regulations.
The move follows reforms to the Environmental Protection and Biodiversity Conservation (EPBC) Act, which aim to streamline approvals while strengthening environmental safeguards. Woodside said it remains committed to advancing the project through a revised, transparent assessment.
The CCS project would store up to 4 million tonnes of CO2 annually from gas extracted at the Browse fields, helping reduce emissions from the North West Shelf LNG facility, which recently received a life extension to 2070.
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Further reading: Woodside plans to resubmit huge carbon capture plan under new Australian environment law
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India accelerates renewables as gas shortages hit power supply
India is speeding up approvals for wind projects and battery storage as gas supply disruptions tied to Middle East tensions put pressure on its energy system.
While gas makes up a small share of India’s power mix, it plays a key role during peak demand periods, especially in summer. Officials said volatility in gas availability and prices has pushed generators to seek alternative sources.
To meet rising demand, India is also ramping up coal output, directing plants to operate at full capacity, and encouraging industries to generate their own power.
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Further reading: India boosts renewable push amid gas supply disruptions, minister says
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Nigeria’s refinery fails to shield consumers from fuel price surge
Fuel prices in Nigeria have climbed to record highs despite the launch of the Dangote refinery, Africa’s largest, underlining how exposed the country remains to global energy shocks.
The refinery was supposed to reduce Nigeria’s reliance on imported fuel, but it’s still purchasing a large share of its crude from international markets. A lot of the country’s domestic supply is committed to debt repayments and joint-venture deals, so there simply isn’t enough available locally. That’s left prices exposed to global spikes linked to the Middle East conflict.
With subsidies gone and no strategic fuel reserves, gasoline prices have jumped by around 65%. Transport and food costs are rising alongside it, and many households and businesses are struggling to keep up.
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Further reading: Nigeria’s giant oil refinery fails to prevent record gasoline prices
European airlines surpass green fuel target ahead of schedule
European airlines appear to have met, and may even have exceeded, the 2% sustainable aviation fuel (SAF) target for 2025, a sharp rise from just 0.6% the previous year.
The milestone points to a stronger-than-expected industry response to EU mandates to reduce aviation emissions, despite earlier concerns over limited supply and high costs. Officials say final data will be released later this year.
The EU plans to raise SAF requirements to 6% by 2030, with additional targets for synthetic fuels, as it pushes the aviation sector to reduce its reliance on fossil fuels while maintaining strict regulatory commitments.
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Further reading: Exclusive: European airlines likely beat 2% green jet fuel target last year, sources say
Editor’s Note: The opinions expressed here by the authors are their own, not those of impakter.com — Cover Photo Credit: Dan Freeman
