Technology

As Carbon Capture & Storage Gathers Steam, New Consumer Watchdog Report Questions Its Threat To The Public And Lifeline For Fossil Fuels

Published

1 hour ago

August 11, 2026

LOS ANGELES, Aug. 10, 2026 /PRNewswire/ — California is setting the stage for oil producers, refiners, and other industries to decarbonize. Air regulators are circulating proposed rules for the state’s first industrial Carbon Capture and Storage program. They’ve doubled a pool of CO2 emissions allowances to $4 billion for manufacturers that make approved investments in decarbonization. The state Fire Marshal recently finalized safety rules for carbon dioxide pipelines to carry the dangerous asphyxiant. None of this makes sense for California, Consumer Watchdog finds in a new report.

The California oil producer furthest down the decarbonization path is California Resources Corporation (CRC). “As California’s largest oil producer, California Resources Corp. is the poster child for both the California oil industry’s slow death as it runs out of oil, and dangerous reinvention as it pushes Carbon Capture and Storage technology that is a bad bet for the public and the environment,” Consumer Watchdog said in a new report.

This week, the California Public Utilities Commission may also green light CRC’s purchase of Crimson Utilities, owner of two major crude oil pipeline systems supplying California refineries. The San Pablo pipeline connecting Kern to Bay Area pipelines was closed last year due to low operation rates costing Crimson Utilities $2 million a month, according to the Oil Price Information Service. The state-blessed acquisition would ensure that CRC is too big to fail.

To read the report click here.

For a scroll telling visualization see: https://consumerwatchdog.org/slowdeath/

“During the last two years, California Resources Corp. (CRC) has purchased Aera Energy and oil producer Berry Corporation while Governor Gavin Newsom and regulators have ignored state laws requiring purchasers of oil producers to put up bonding to ensure the wells are eventually plugged. This allows CRC to socialize billions of dollars in costs of sunsetting oil wells while privatizing any profits,” the report says.

“While CRC expands its well portfolio, its new gambit is building risky, multi-billion-dollar Carbon Capture and Storage (CCS) projects that will siphon carbon dioxide emissions from smokestacks for pipeline transportation and burial in geological formations with the support of Governor Newsom and state regulators. At the same time, the market for carbon dioxide removal technologies is collapsing with Microsoft stepping back from the industry it helped create, according to The New York Times.

“California currently has about 40 announced projects, including direct air capture of carbon from the air, according to a list tracked by the California Air Resources Board updated last fall. These projects, also proposed by Aera Energy and Chevron, are in various stages of development but none are fully approved. Many, but not all, projects depend on dangerous pipelines to carry compressed carbon dioxide, a potentially lethal asphyxiant, for storage in geological formations. But no official statewide count currently exists. In addition, an up to 45-mile pipeline has been proposed for the Bay Area.”

This report finds:

CRC and other oil producers’ forays into CCS are a multi-billion-dollar boondoggle turbocharged by financially lucrative federal tax credits while promoting continued use of fossil fuels. Without the tax credits, it is doubtful these projects could stay afloat even with private investment, according to analysts.

According to the Congressional Budget Office, 15 operating CCS facilities in the US have the capacity to capture just four-tenths of one percent of the nation’s annual CO2 emissions.

CCS overpromises and underdelivers. A global review by the Institute for Energy Economics and Financial Analysis (IEEFA) of 16 carbon dioxide capture projects in settings from natural gas processing to hydrogen production and gasification found that the projects captured as little as 10% of CO2 emissions and no more than 80%, though the industry claims a 95% capture rate.

The amount of carbon dioxide captured by oil refineries is virtually non-existent, according to analysts. Capturing a steady stream from inhouse hydrogen production needed continuously to make products is the only target area that makes sense, but refiners need federal tax credits and contracts to sell higher priced “low carbon” products to justify the expense.

CRC promises to capture CO2 from its own gas-fired power plant. Carbon capture from natural-gas fired power plants has never been done at commercial scale, IEEFA reports. Facility emissions associated with running the carbon capture equipment are not included in industry estimates. The extra energy needed is as high as 20% to 30% of a power plant’s output, generating more fossil fuel emissions.

CRC plans to take CO2 emissions from other California industries. Nothing compels these companies to pay CRC to take their CO2 emissions. But the project could drive new, polluting industrial development instead of cutting existing emissions to mitigate climate change.

“The alternative is simple and cheaper, but goes against the interests of CRC, Aera and other oil producers,” the report concludes. “According to the International Energy Agency, ‘Ramping up renewables, improving energy efficiency, cutting methane emissions and increasing electrification with technologies available today deliver more than 80% of the emissions reductions needed by 2030.’ CCS provides a fraction of what’s necessary and is no solution, merely putting off what should be done now—a full-scale transition away from oil and gas.”

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SOURCE Consumer Watchdog

Technology

JustMarkets: Oil Price Swings Unlock Multi-Asset Trading Opportunities for APAC Traders

Published

21 minutes ago

August 11, 2026

HO CHI MINH CITY, Vietnam, Aug. 10, 2026 /PRNewswire/ — Oil price volatility never remains restricted to the energy sector alone. Rapid moves in WTI or Brent crude prices quickly ripple across the global financial ecosystem – impacting inflation forecasts, central bank policy outlooks, currency valuations, benchmark indices, and overall market risk sentiment.

As a leading multi-asset CFD broker, JustMarkets highlights that these interlinked dynamics open broader trading opportunities across the APAC region. Beyond energy, traders can strategically leverage oil-driven shifts across forex, commodities, indices, and other CFDs.

To seamlessly capture these moves, JustMarkets provides a unified platform to trade multiple asset classes from a single account, backed by fast execution and institutional-grade infrastructure.

Why oil moves affect more than energy

Costs of oil have a large impact on logistics, transportation, production processes, and consumption. Higher prices mean higher expenditures for companies, thus putting more inflationary pressure. In turn, that might affect market expectations concerning interest rates if central banks are trying to contain inflation.

On the contrary, lower costs of oil may create a situation where there should be no worries about inflation and even expectations about softening monetary policy. Nevertheless, falling oil prices often indicate low global demand, and traders need to know the cause of the movement.

The inflation chain

Oil impacts currencies because countries are impacted differently by it. An energy exporter may be favored by an increase in the price of oil as its currency can gain from higher export earnings. An energy importing country may have a hard time coping with increased expenses, decreased trade balances, and greater inflation pressures.

That is how oil prices impact the major currency pairs. An increase in oil may boost commodity-related currencies, enhance inflation-related trades, and boost safe-haven currencies in case of geopolitical tension. Oil declines favor risk appetites in the event of reduced inflationary pressure.

How oil volatility creates CFD trading setups

Market movements fueled by oil tend to occur in multiple asset classes at once. An abrupt increase in Brent or WTI could influence Gold CFDs, USD pairs, commodity currencies, and major indices’ CFDs. Increased oil costs could have a negative effect on equity markets as a result of reduced margins and tightening.

Using the JustMarkets platform, traders are able to trade CFDs on commodities, forex, indices, stocks, cryptocurrency, and other financial instruments from one place. In doing so, they are able to observe how different markets behave and find trading opportunities in other places than on one asset.

For instance, a rise in oil amid a stronger US dollar and weakening of stock indices is an indication of the relatively low-risk period. Conversely, falling oil along with recovery of stock indices and declining inflation expectations may indicate a risk-on environment.

What traders should watch

Oil volatility becomes more relevant when applied in light of the macro environment. These include geopolitical risks, decisions by OPEC+, stock levels, production problems, inflation rates, central bank statements, and shifts in the level of global demand.

The best signals may arise when there is a consensus among several markets. If responses are mixed, investors must exercise extra caution.

Turning volatility into market insight

Changes in oil prices form one link in a broader chain between energy prices, inflation, monetary policies, currency movements, and risk sentiments.

As a trader, knowledge about this chain may lead to some CFD trading opportunities. Using a wide array of CFD trading offered by JustMarkets, a trader can track any market movements related to oil and react accordingly.

Risk warning: Trading CFDs involves a high level of risk and may not be suitable for all investors. CFDs are leveraged products and can result in rapid financial loss.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/justmarkets-oil-price-swings-unlock-multi-asset-trading-opportunities-for-apac-traders-302847698.html

SOURCE Just Global Markets Ltd

Technology

CyberLogitec wins TOS contract for Incheon’s first fully automated terminal

Published

21 minutes ago

August 11, 2026

OPUS Terminal to be supplied for Incheon New Port Phase 1-2 project

SEOUL, South Korea, Aug. 11, 2026 /PRNewswire/ — CyberLogitec, a subsidiary of Eusu Holdings and a global specialist in maritime, port, and logistics IT, announced that it has signed a contract with Incheon Global Container Terminal (IGCT) to supply its Terminal Operating System (TOS) for Phase 1-2 of the Incheon New Port automated container terminal.

Targeting a commercial opening in 2028, the project involves constructing the first fully automated container terminal at Incheon Port. CyberLogitec will deploy its OPUS Terminal software to establish an integrated digital operations platform managing overall terminal workflows.

Incheon New Port Phase 1-2 is the first container terminal in South Korea to adopt a hybrid layout structure. Based on advanced automated equipment—including Double-Trolley Quayside Container Cranes (DTQC), Automated Rail-Mounted Gantry Cranes (ARMGC), and Automated Guided Vehicles (AGV)—the facility plans to maximize operational efficiency and productivity by automating all terminal processes across berth, yard, and gate operations.

Under the project, CyberLogitec will implement a TOS based on OPUS Terminal that manages berth, vessel, yard, and gate operations within a single unified platform. The system will interface with automated equipment control systems to support operational planning and field execution, delivering a stable and efficient operating environment based on real-time operational data.

The operating company, IGCT, is a joint venture established by logistics and shipping operators Hanjin Logistics, Sun Kwang, E1, KMTC, and HMM, alongside equity participation from the Incheon Port Authority (IPA), to operate the Incheon New Port Phase 1-2 terminal.

This contract reflects recognition of CyberLogitec’s global and domestic experience in constructing automated container terminals and its automated equipment integration capabilities. Drawing on technical expertise and operational know-how accumulated through past terminal automation projects, the company plans to support the successful opening and stable operation of the new terminal.

CyberLogitec continues to expand its global footprint by supplying OPUS Terminal to major international ports, including the expansion project at the TTI Algeciras semi-automated terminal in Spain and Shuwaikh Port in Kuwait. Moving forward, the company intends to further strengthen its targeting of the domestic and global smart port markets based on its automated terminal deployment experience.

About CyberLogitec

CyberLogitec is a global provider of Terminal Operating Systems and logistics IT solutions. Its flagship OPUS Terminal solution supports container terminal operations worldwide, while its Digital Twin and smart terminal technologies help customers improve operational efficiency, operational visibility, and terminal performance.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/cyberlogitec-wins-tos-contract-for-incheons-first-fully-automated-terminal-302847676.html

Technology

The line at Black Hat wasn’t for the keynote — it was for this.

Published

1 hour ago

August 11, 2026

Sunny Side Ink Takes Over the Floor at Black Hat 2026

Sunny Side Ink Delivers 800+ Custom Branded Products in Live On-Site Activations for Venice and Pindrop at Black Hat USA 2026 Las Vegas branding agency and its sister company, LivePrinting.AI, produced and distributed made-to-order merchandise in real time for two technology partners during “Hacker Summer Camp”

LAS VEGAS, Aug. 10, 2026 /PRNewswire/ — Sunny Side Ink, a Las Vegas–based live event branding agency, today announced the completion of on-site production activations for technology companies Venice and Pindrop during the Black Hat USA 2026 Briefings, held Aug. 2–7, 2026 at the Mandalay Bay Convention Center. The agency produced and distributed more than 400 custom items for each company — over 800 branded products in total — manufactured on the show floor throughout the event.

The activations relied on live screen printing and custom embroidery, with each item produced on demand rather than pre-manufactured and shipped. The approach allowed Venice and Pindrop to engage attendees directly at the point of production during one of the cybersecurity industry’s most heavily attended weeks.

Both activations were supported by the agency’s sister company, LivePrinting.AI, a platform that applies automation to high-volume, on-site production. LivePrinting.AI’s technology managed design personalization and production throughput, enabling the agency to maintain output and quality at conference pace.

“The Sunny Side team is the absolute best. I’ve had the pleasure of working with them during a conference we’re they have took charge over a live embroidery and engraving station. That was a huge hit! Both the merch production quality and the professionalism of the staff were fantastic. We would definitely work together again in the future.” – Marketing Director for Venice.

About Sunny Side Ink

Sunny Side Ink is a live event branding agency headquartered in Las Vegas, Nevada. The company provides on-site production, logistics, and custom apparel decoration — including live screen printing and embroidery — for brand activations at conferences, music festivals, corporate summits, and private events. More information is available at sunnysideink.com.

About LivePrinting.AI

LivePrinting.AI is a technology platform for automated, on-site custom production at scale. The company’s tools support design personalization and real-time manufacturing for live brand activations and events. More information is available at LivePrinting.AI.

Media Contact

Adam Arizaga
CEO
Sunny Side Ink
info@sunnysideink.com
sunnysideink.com

Adam Arizaga info@sunnysideink.com 702-509-1696

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SOURCE Sunny Side Ink