There is Pledge of about $100MM to Support Carbon Innovation

An investor with a skill for standing out as truly newsworthy has created revenue among Rigzone’s crowd this previous week. Peruse on for more data about this and other mainstream late Rigzone articles connected to the downstream.

Elon Musk Offers $100MM Carbon Capture Prize

A tycoon many occasions over who regularly earns exposure, Elon Musk got numerous Rigzone downstream perusers’ consideration this week with a tweet that he will give $100 million toward a prize for best carbon catch innovation. The web-based media post from the tycoon, whose organizations incorporate Tesla (NASDAQ: TSLA) and SpaceX, produced an excited reaction from a Scotland-based gathering that backs carbon-decrease activities.

TC Energy Reacts to Keystone Pipeline Development

President Biden made a few expansive moves during his first week in office that will influence the oil and gas industry. One such move was his disavowal of a critical grant for TC Energy Corp’s. (TSX, NYSE: TRP) Keystone XL pipeline. Soon after news broke a week ago of Biden’s aim to pull the license, TC Energy expressed that it would suspend progression of the venture. That would later convert into huge occupation misfortunes.

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Shell Reshapes Malaysia Business

Related to endeavors to smooth out the association, Shell (NYSE: RDS.A) has disclosed designs to make changes across the worth chain in Malaysia that will bring about a general two-percent nearby labor force decrease more than two years. Inside Shell Malaysia, upstream will support the biggest portion of occupation cuts, as indicated by this staff-composed article. In any case, the organization intends to develop its in-country downstream showcasing sections and support its retail and greases positions.

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