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IRGC widens Hormuz into ‘vast operational area’
IRGC widens Hormuz into ‘vast operational area’
Dubai, 12 May (Argus) — Iran's Islamic Revolutionary Guard Corps (IRGC) said on Tuesday it has widened its definition of the strait of Hormuz into a "vast operational area", extending it from the coast of Jask to Siri Island. The move broadens the area the IRGC says falls under its Hormuz operations beyond the narrow strait itself, through which around a fifth of global oil supply transited before the US-Iran war began. In a statement carried by Iranian state media, Mohammad Akbarzadeh, deputy political director of the IRGC Navy, said the strait of Hormuz had previously been "defined as a limited area around the Hormuz and Hengam islands", but that definition has now changed. "Within our new framework, the area of the strait of Hormuz has been significantly expanded, and today it extends beyond the large islands, from the coast of Jask to Siri Island." Iran's Siri Island lies in the Mideast Gulf around 70km west of the UAE emirate of Umm al-Quwain. The port of Jask is on Iran's southern coast, east of the strait of Hormuz. Akbarzadeh said the area had expanded from 20-30 miles previously to more than 200-300 miles. He described the new footprint as "a complete crescent". This is the second expansion the IRGC has announced since war with the US and Israel prompted Iran to effectively close the strait. On 4 May, the IRGC published two maps showing an expanded area it said was "under its management and control". The outlined area extended from the western tip of Iran's Qeshm Island in the Mideast Gulf to Umm al-Quwain west of the strait, and to Kuh Mobarak in southern Iran and the UAE emirate of Fujairah east of the strait. The area outlined on Tuesday by the IRGC Navy extends beyond the borders shown in the 4 May maps. The new definition comes as tensions between Iran and the US grow over the continued disruption of shipping. US president Donald Trump has repeatedly claimed agreements with Iran that he said should restore at least some traffic through the strait. But little has changed since the war began, prompting the US to impose a blockade of its own on vessels travelling to and from Iranian ports last month. Washington and Tehran have been exchanging proposals in recent weeks aimed at ending the conflict, but prospects for a breakthrough appear remote. Trump on Monday described Iran's latest offer as a "piece of garbage" and warned that the ceasefire, in place since 8 April, is under strain. By Nader Itayim Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
EU to slow pace of ETS to meet 2040 climate goals
EU to slow pace of ETS to meet 2040 climate goals
London, 12 May (Argus) — The European Commission plans to slow the pace of the EU emissions trading system (ETS) to align it with the bloc's 2040 climate targets, rather than the current 2030 trajectory, the commission said at a stakeholder roundtable on the system's upcoming review, scheduled for 15 July. This change would result in EU ETS allowances being issued well into the 2040s, the commission said. Under current rules, the ETS supply cap was expected to fall to zero by 2039. The commission said the shift would translate to a lower linear reduction factor (LRF), which sets the annual rate at which the ETS supply cap falls. The LRF is currently set at 4.3pc until 2027 and 4.4pc from 2028, a level that centre-right EPP lawmaker Peter Liese described in February as "quite dramatic" . The commission has not specified the extent to which it aims to reduce the LRF. The commission is also considering reforms to the market stability reserve (MSR), which could include the introduction of a dynamic threshold. Under this approach, the volume of allowances released would decline annually, at a fixed percentage, in line with reductions in overall market size, rather than the current fixed release rate of 100mn permits. This reform would complement the commission's proposal in April to stop the automatic cancellation of ETS allowances and retain permits held in the MSR above the current 400mn threshold, it said. The review will also examine ways to increase transparency around member state spending of ETS revenues. While 78pc of past ETS revenues have gone to national budgets, only 5pc of spending has supported industrial decarbonisation, the commission said. Since 2023, member states have been required to allocate all ETS revenues to climate and energy purposes. International credits could also be indirectly integrated into the ETS. The commission is preparing a separate assessment on how such credits might fit into the framework, but it has confirmed that direct use of international credits for ETS compliance, as previously allowed, will not be permitted. The review may also address the maritime and aviation sectors. The ETS could be extended to some small vessels to ensure a level playing field with larger ships, the commission said. In the aviation sector, the commission may also reduce ETS obligations where the carbon offsetting and reduction scheme for international aviation (Corsia) applies to extra-European flights, while continuing to assess the integrity of Corsia offsetting. Following the review in July, the European Council, Parliament and Commission are expected to agree on the proposed changes in the first quarter of 2027, with implementation planned for 2028. By Kiara Campagne Nieva Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
New Zealand to change law to limit climate litigation
New Zealand to change law to limit climate litigation
Sydney, 12 May (Argus) — The New Zealand government announced today it will amend legislation to stop companies being sued over climate change damage caused by greenhouse gas (GHG) emissions, in a move criticised by environmental groups. The proposed changes to the Climate Change Response Act will prevent individuals or organisations from bringing civil claims against businesses under tort law, which allows people to seek compensation for harm caused by a wrongful act. "The courts are not the right place to resolve claims of harm from climate change, and tort law is not well-suited to respond to a problem like climate change, which involves a range of complex environmental, economic and social factors," justice minister Paul Goldsmith said today. The changes will prevent current and future court proceedings from holding companies liable for climate change damage or harm caused by GHG emissions, the government said. This would apply to an ongoing case before New Zealand's High Court filed by a local activist against seven emitters — Fonterra, Genesis Energy, Dairy Holdings, New Zealand Steel, Z Energy, New Zealand Refining Company and BT Mining. The case involves tort claims including public nuisance and damage to the climate system. It was struck out by the Court of Appeal in October 2021 but reinstated by the Supreme Court in February 2024 and sent back to the High Court for trial, which is due to begin in April 2027. New Zealand's response to climate change is best managed at the national level through the Climate Change Response Act and the emissions trading system (ETS), the government claimed. The ongoing case is "creating uncertainty in business confidence and investment", it added. The amendments will "shield" major polluters from liability for their emissions, advocacy group Lawyers for Climate Action NZ said today. The changes will also affect the High Court's constitutional role in developing the common law, including its ability to decide an ongoing case, it noted. "The move is particularly troubling because it intervenes directly in an active and significant legal case," advocacy group Environmental Law Initiative (Eli) said. Lawyers for Climate Action NZ and Eli recently brought a case before the High Court against climate change minister Simon Watts , seeking declarations that he failed to implement the country's first (2021-25) and second (2026-30) emissions reduction plans. The court's judgment is pending. Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Australia's Hazer, CRV mull SAF, clean fuels plant
Australia's Hazer, CRV mull SAF, clean fuels plant
Sydney, 12 May (Argus) — Australian bioenergy developers Hazer and Continual Renewable Ventures (CRV) have partnered to assess opportunities for sustainable aviation fuel (SAF) and renewable diesel production in Australia. The firms plan to assess the viability of a 175mn litres/yr SAF and renewable diesel refinery in Kwinana, Western Australia, using the hydroprocessed esters and fatty acids (HEFA) pathway, the firms said on 12 May. The proposed plant, known as New Rise ANZ Project 1, will use canola oil and hydrogen as primary feedstocks. Hazer would supply low-emissions hydrogen using its methane pyrolysis technology, which produces hydrogen and graphite from natural gas without directly generating CO2 emissions. The hydrogen would be used to de-oxygenate canola oil and other HEFA feedstocks to produce SAF and renewable diesel. Recent fuel insecurity driven by the US-Iran war has led to greater focus on local production of renewable fuels, Hazer's chief executive Glenn Corrie said. There are currently no commercial SAF or renewable diesel plants in Australia, but they are in the planning stages. Australian bioenergy developer Jet Zero completed a feasibility study in May for its proposed 400mn litres/yr HEFA SAF and renewable diesel facility in Gladstone, Queensland. Ampol and GrainCorp have also partnered to develop a 750mn litre/yr SAF and renewable diesel project using the HEFA pathway in Brisbane. By Lawrence Wen Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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