Editor’s note: Brownsville, Texas - “ Element Fuels has received the necessary permitting to construct and operate a refinery capable of producing in excess of 160,000 barrels, or approximately 6.7 million gallons, per day of finished gasoline, diesel, and jet fuel,” said Founder and Co-CEO John Calce. “A permit for a greenfield refinery of this size, scope, and functionality has not been granted in the United States since the 1970’s. This speaks to the innovative approaches we are taking to address climate and sustainability concerns in cleaner, greener ways that are new to the refinery space.”

Editor’s note: “The 2025 Queensland floods refer to significant flooding that impacted the northeast Australian state of Queensland in late January, early February, into March and April 2025. The disaster resulted in at least two fatalities from flooding, 31 fatalities from a disease outbreak and prompted mass evacuation orders in Queensland’s coastal regions.”

According to flood gauges, the enormous body of water has surpassed the 1974 event, widely considered the largest flood in Queensland history. But it was still sitting within the floodplain, Sheldon says, just “reaching the edges” of where people thought it would go.

Editor’s note: “What if you could save the climate while continuing to pollute it?” If that sounds too good to be true, that’s because it is. But corporations across the globe are increasingly trying to answer this question with the same shady financial tool: carbon offsets.

To understand what’s going on with the carbon market, it’s important to know the terms(term-oil), vocabulary and organizations involved. For starters, a carbon credit is different from a carbon offset. A carbon credit represents a metric ton of carbon dioxide or the equivalent of other climate-warming gases kept out of the atmosphere. If a company (or individual, or country) uses that credit to compensate for its emissions — perhaps on the way to a claim of reduced net emissions — it becomes an offset.