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Core Insights - CHAR Technologies Ltd. has been invited to join the Canadian Iron & Steel Energy Research Association (CISERA) for the 2025–2026 term, marking it as the first biocarbon producer in the organization [1][2] - CISERA focuses on advancing net zero and decarbonized iron and steelmaking, with notable members including ArcelorMittal Dofasco GP and Stelco Inc. [2] - CHAR Tech will contribute its expertise in high-temperature pyrolysis and renewable biocarbon production to support the development of alternative reductants and renewable fuels for commercial steel operations [3][4] Company Involvement - The participation in CISERA aligns with the company's mission to accelerate industrial decarbonization through scalable solutions, enhancing collaboration with key players in the iron and steel sector [4] - Through this involvement, CHAR Tech aims to strengthen connections across the iron and steel value chain, promoting renewable biocarbon as a key element in sustainable production [4] About CISERA - CISERA is a not-for-profit organization established in 1965, supporting research and development for Canada's steel and metallurgical coal producers, with a goal of achieving net-zero emissions in steel production by 2050 [5] - The majority of CISERA-sponsored research is conducted at the Metallurgical Fuels Laboratory, which is equipped for advanced modeling and pilot-scale investigations [6] About CHAR Technologies - CHAR Technologies utilizes high-temperature pyrolysis technology to process unmerchantable wood and organic waste, generating renewable natural gas or green hydrogen and a solid biocarbon that serves as a carbon-neutral alternative to metallurgical coal [6][7] - The company's technology aligns with the global green energy transition by diverting waste from landfills and producing sustainable clean energy for heavy industry decarbonization [7]

Industry Trend - The report discusses why there is less discussion about Net Zero [1]

Core Insights - The North Sea Transition Authority (NSTA) has reported an additional 1.1 billion barrels of oil and gas discovered in the North Sea, raising the total potential resources to 15.8 billion barrels from previous estimates of 14.7 billion barrels [1][4]. Industry Overview - The NSTA's report indicates that the findings stem from surveys conducted under the last licensing round in 2022, prior to the ban on new oil and gas exploration imposed by Ed Miliband [2][3]. - The report highlights that the UK oil and gas industry is facing increasing scrutiny and criticism, particularly from Labour, regarding its decision to limit exploration in the North Sea [2][3]. Resource Classification - The remaining resources are categorized into proven reserves (2.9 billion barrels), contingent resources (5.3 billion barrels), and prospective resources (15.8 billion barrels), with the latter category showing a significant increase due to new data [4][5]. - The total potential resources, if fully proven, could amount to an additional 25 billion barrels [5]. Future Exploration Potential - There are still unexplored areas around the UK that may contain further oil and gas reserves, indicating the possibility of discovering more resources in the future [6][7]. - The report notes a 31% increase in prospective oil and gas resources from the end of 2023, attributed to the inclusion of additional resources from the 33rd licensing round [7][8]. Industry Implications - Martin Copeland, CFO of Serica Energy, emphasized that the NSTA report suggests at least 11 billion barrels of oil and gas could still be developed, which aligns closely with the Climate Change Committee's projected needs of 13 to 15 billion barrels before the net zero target year of 2050 [8].

Core Viewpoint - The North Sea serves as a contrasting case study for energy transition policies, with Norway promoting exploration and investment while the UK is deterring investors through regulatory uncertainty [1][2]. Group 1: Norway's Approach - Norway is committed to net zero while simultaneously supporting oil and gas exploration, providing long-term regulatory certainty, and benefiting from substantial oil and gas revenues [1][2]. - The Norwegian government is planning its 26th oil and gas licensing round in less-explored areas to counteract an anticipated decline in production starting in the early 2030s [5]. - Companies in Norway can receive refunds of 71.8% on losses related to exploration, which, combined with a stable tax regime since the 1990s, offers long-term certainty for operators [5]. Group 2: UK's Approach - The UK, while also aiming for net zero, has seen a significant shift in its approach, with frequent changes in the tax regime since 2022, leading to unpredictability for investors [6][7]. - The introduction of the Energy Profits Levy (EPL) by the Conservative government in 2022 has resulted in calls from oil and gas companies for a more stable regulatory and tax framework [7]. - The current Labour government's rising taxes and policy changes have further discouraged investment in the UK North Sea, increasing the risk of dependency on oil and gas imports [7].

Group 1: U.S. Energy Policy Impact - The Trump administration's energy and climate policies have included withdrawing from the Paris Agreement and dismantling federal climate regulations, resulting in a delay of emission reductions by about five years compared to previous forecasts [2][14] - Despite the perception of a reversal in the global energy transition due to U.S. policy changes, the global shift toward renewable energy remains resilient [3] Group 2: Global Renewable Energy Developments - China is expected to install 390 GW of solar PV and 86 GW of wind in 2025, accounting for 56% and 60% of new global capacity respectively, driving the global energy transition [4] - The economics of clean energy are becoming decisive, with solar and onshore wind projected to supply 32% of global electricity by 2030, and fossil-fired generation expected to fall from 59% today to just 4% by 2060 [7] Group 3: Electrification and Electric Vehicles - Global electricity generation is projected to increase by 120% from now until 2060, with electrification growing and greening, leading to a doubling of electricity's share of total energy demand from 21% to 43% [8] - The number of electric vehicles is expected to grow from 50 million to 200 million in five years [9] Group 4: Challenges in Energy Transition - The biggest challenges in the energy transition are not the cost or availability of renewables, but rather the capacity of electricity grids to integrate and deliver them, with grid constraints limiting solar and wind capacity in Europe and North America [11] - Hydrogen production is growing slowly, with forecasts revised down for the third consecutive year, indicating challenges in decarbonizing hard-to-electrify sectors [12] Group 5: Long-term Emission Goals - The world is unlikely to achieve net-zero emissions by 2050, with the carbon budget for 1.5°C of warming expected to be exhausted by 2029, and net-zero CO₂ projected to be reached only after 2090 [13]

Capital Markets Update 2025 Vienna – October 6, 2025 Disclaimer © 2025 OMV Aktiengesellschaft, all rights reserved, no reproduction without our explicit consent. This presentation contains forward-looking statements. forward-looking statements may be identified by the use of terms such as "outlook", "believe", "expect", "anticipate", "intend", "plan", "target", "objective", "estimate", "goal", "may", "will" and similar terms, or by their context. These forward-looking statements are based on beliefs, estima ...

The world’s biggest climate alliance for banks has ceased operations, just four years after securing net zero pledges from many lenders https://t.co/xXFXBjlfEo ...

Core Viewpoint - Shares of renewable energy company Amoresco are experiencing a significant rally, reaching a more than 10-month high following an upgrade by Jeffries, which raised the price target from $19 to $39, indicating a positive outlook for the company's growth potential [1][4]. Company Overview - Amoresco is characterized as an overlooked company with a market cap nearing $2 billion, facing challenges in recent years due to uncertainties in the renewable energy sector and changes in government policy [3]. - The company is described as agnostic in its approach to renewable energy, seeking various solutions to enhance efficiency and security for its partners, including reducing water waste and utilizing diverse energy sources like wind and hydro power [5][6]. Analyst Insights - Jeffries upgraded Amoresco to a "buy" rating, believing the company has moved past execution risks and uncertainties related to the Inflation Reduction Act, with expectations of EBIT growth rebounding [4]. - UBS has also upgraded Amoresco, citing a similar sentiment regarding the resolution of peak uncertainties related to federal government contracts [7]. - Multiple analysts, including Baird and BNP Paribas, have issued buy ratings, reflecting a growing optimism surrounding Amoresco [10]. Market Performance - The stock has shown a recovery from its April lows, with analysts suggesting that upcoming data center announcements and a revival in project business could serve as catalysts for further stock appreciation [4]. - Year-to-date, Amoresco's stock has risen nearly 50%, indicating strong performance compared to the S&P 500 [11].

Company Overview - Ashtead Technology has become the most shorted company on the UK stock market, with 7.5% of its shares held by hedge funds betting on a decline in share price [1][2] - The company's shares have already fallen 39% this year due to bleak prospects for the North Sea energy sector [3] Industry Context - The North Sea energy sector is facing significant challenges, with government policies prioritizing net zero targets and imposing windfall taxes, leading to stalled projects [6] - High taxation on North Sea oil has been criticized, with claims that it discourages developers and oil companies from operating in the region [5] - Recent comments from US President Donald Trump have highlighted the negative impact of wind turbines on the landscape and criticized the UK's net zero policy [4][5] Market Sentiment - Hedge funds, including Citadel and Acadian Asset Management, have increased their short positions in Ashtead Technology, anticipating further declines in share price [2][4] - The lack of alternative North Sea energy services companies for short-sellers has contributed to the high short interest in Ashtead [5] Company Strategy - Ashtead Technology is focused on executing its growth strategy and supporting customers with subsea operations as it prepares to move to the Main Market of the London Stock Exchange [8]