Crisis-stricken Borr Drilling gets green light for rescue plan
Hard-pressed offshore company Borr Drilling secures creditor approval for its crisis plan. Banking major DNB recently announced that it was prepared to take over or sell the company, founded by Tor Olav Trøim, if a solution was not found.
BY TRINE VESTERGAARD, SHIPPINGWATCH
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Danish utility and energy groups' plans to collaborate on transport and storage of CO2 will make the total expenses tied to carbon capture far lower, according to Rambøll's head of waste-to-energy, the idea-maker behind the new C4 cluster.
After taking a steep and unprecedented dive in fuel consumption last year due to Covid-19-related lockdowns and travel bans, CO2 emissions are once again on the rise and have been since late last year, show new IEA data, though revealing a few bright spots in green tech adoption.