Shell to Sell Sprng Energy Business in India

Shell sells Sprng Energy to Aditya Birla Renewables

Shell has agreed to sell its Sprng Energy renewable energy business in India to Aditya Birla Renewables Limited for US$1.8 billion. The company said the deal is part of its plan to reshape its power portfolio and focus on projects that better support its long-term strategy. The transaction includes all of Shell’s interests in Solenergi Power Private Limited, which owns the Sprng Energy group.

Shell said employees will remain with the business under the new owner, helping ensure continuity for operations. The deal is expected to be completed by the end of 2026, subject to regulatory approval and the fulfillment of standard closing conditions.

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Further reading: Shell to sell Sprng Energy group to Aditya Birla Renewables Limited

EU launches new initiative to support Gaza’s recovery

The European Commission has announced €883.6 million in funding through its new Team Gaza Initiative to support Gaza’s early recovery. The money will help restore key services such as water, healthcare, energy and sanitation, while also improving cooperation between international donors. It was announced during the second meeting of the Palestine Donor Group in Brussels.

The meeting also focused on the Palestinian Authority’s reform program, with officials outlining progress in public finance, governance, digital services and infrastructure. In addition, several European countries pledged €41.7 million through the EU’s PEGASE funding mechanism, in addition to the European Commission’s existing €310 million commitment for 2026 and 2027.

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Further reading: EU steps up international support for Palestinians with major initiative for Gaza’s early recovery and stronger international coordination

Canada advances Pathways carbon capture project

Canada’s federal government, the Alberta government, and the Oil Sands Alliance have reached an agreement to advance the Pathways Carbon Capture and Storage Project. The project is expected to capture and store around six million metric tonnes of carbon dioxide each year by the mid-2030s. It forms part of the federal government’s conditions for supporting a new oil pipeline from Alberta to Canada’s Pacific coast.

The project aims to reduce emissions from Canada’s oil sands industry while allowing increased oil exports to Asian markets. The carbon capture project will be developed in phases after companies and governments agreed to scale back their original plans.

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Further reading: Canada’s Oil Sands Alliance reaches agreement to advance Pathways Carbon Capture and Storage Project

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EU updates deforestation law on imported goods

The European Commission has updated its deforestation regulation by expanding the list of products covered by the law and removing others from it. Palm oil derivatives used to make products such as paints, pharmaceuticals, and food additives will now be included, while leather, cattle hides, soybeans for sowing, and some other goods have been removed. The new additions will take effect from December 2027.

The regulation requires companies selling certain products in the EU to show they were not linked to deforestation. The changes follow industry concerns over compliance costs, while environmental groups have argued that leather should remain within the scope of the law.

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Further reading: EU adds some palm oil products to deforestation law, removes leather

Editor’s Note: The opinions expressed here by the authors are their own, not those of impakter.com —  In the Cover Photo: Low angle photography of Shell gas station at night Cover Photo Credit: Marc Rentschler