19/10/22; C-Store Dive EG is aiming to reduce its operational carbon footprint by at least 50% by 2030 and reach net zero by 2050. Retrieved from EG Group website. Dive Brief: EG Group is building its network of electric-vehicle (EV) charging stations at select convenience stores and gas stations in the U.S., with points currently in development at approximately 50 locations, according to the company’s newly released Environmental, Social and Governance report. The initiative is part of EG Group’s larger mission to lower its carbon footprint by at least 50% by 2030 and reach net zero by 2050, according to the report.  As the fourth-largest c-store chain in the U.S. by size, EG Group announcing its skin in the EV-game marks another push in the industry’s EV-arms race across the country. EG Groups’ charging points in the U.S. are in “various stages of development, from agreement to installation,” according to the report. The company…

17/10/22; AFR Food inflation is rising at a faster rate than expected across fresh and dry grocery foods, with multiple price rises by suppliers this year being passed on to shoppers, supporting sales growth at supermarket giants Coles Group and Woolworths throughout 2023. A key finding in the UBS consumer team’s latest supermarkets research is that the rate of food price rises has stepped up markedly again in the September quarter, with fresh food up 9 per cent, and dry goods up 7.7 per cent. Woolworths’ food inflation rate is slightly higher than Coles. “This is a reminder that food inflation is an ongoing point of pressure on the entire value chain, suppliers and retailers, that is being passed to consumers,” UBS head of consumer research Shaun Cousins said. Coles’ overall inflation was sitting at 8 per cent at the end of September quarter, up from 5.5 per cent in…

18/10/22; SMH BP has agreed to acquire biogas producer Archaea Energy for about $US4.1 billion ($6.5 billion) including debt, the latest step in the UK energy giant’s expansion into lower-carbon fuels. BP will pay $US26 a share, a 38 per cent premium to the average share price in the 30 days to October 14, Archaea said on Monday in a statement. The Houston-based company, which captures waste-gas emissions from landfills and farms, will become a key part of BP’s bioenergy business and accelerate its growth, according to the statement. Archaea fits with BP’s “strategic focus on bioenergy”, Nick Stork, chief executive officer and co-founder of Archaea, said in the statement. The deal will “increase the role of renewable natural gas in helping customers reach their long-term climate goals”. Archaea was formed in 2021 when Rice Acquisition merged with two other companies to create a giant in so-called renewable natural gas.…

18/10/22; 7-Eleven Media Release Agreement means Mobil will remain the exclusive supplier to 7-Eleven in Australia 7-Eleven customers can continue to purchase Mobil quality fuels through to 2033 Melbourne, Australia – Mobil Oil Australia Pty Ltd (Mobil), a subsidiary of ExxonMobil Australia Pty Ltd (ExxonMobil Australia), has signed an 11 year agreement extending the sale of Mobil quality fuels at 7-Eleven Australia’s convenience stores. The newly signed agreement builds on the initial long term deal signed in 2014. It means Mobil will remain the exclusive fuel supplier to 7-Eleven in Australia and ensures that 7-Eleven customers can purchase Mobil quality fuel through to at least 2033. Mobil’s South Pacific Executive Director, Bruce Sutherland, said the company was committed to remaining a reliable supplier of high quality Mobil fuel to Australian customers. “We’re thrilled to continue supplying Australians with Mobil quality fuel across 7-Eleven’s growing network of more than 700 fuel…

On any given day, over half a million households in Australia are struggling to put food on the table, and disturbingly, those with children are being hardest hit. Released this week, the Foodbank Hunger Report 2022 reveals alarming details surrounding the food insecurity crisis the country is facing. More than 2 million households in Australia have run out of food in the last year due to limited finances, sometimes skipping meals or going whole days without eating. This has meant that 1.3 million children lived in food insecure households during that time. Unsurprisingly, the rising cost of living is the most common reason why so many are struggling to meet their household food needs, with the cost of food and groceries confirmed as the top cause followed closely by energy and housing costs. Assumptions that this is affecting only those who are unemployed or homeless are incorrect with the research…