ExxonMobil faces an “existential business risk” by pinning its future on fossil fuels as governments move to slash emissions, an activist hedge fund will tell investors in the final push to overhaul the oil major’s board. “ExxonMobil still has no credible plan to protect value in an energy transition,” said an 80-page investor presentation seen…
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A clear majority of the British public support the idea of green taxes and think the government should increase spending to address environmental issues, a new survey has found. Climate experts said the findings pointed to a potential popular mandate to reform the tax system, but warned that ministers would need to move carefully to…
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In 1987, the world signed the Montreal protocol, agreeing to phase out the chlorofluorocarbons and related chemicals depleting the ozone layer. At the time, CFCs were essential components in everyday necessities, such as refrigerants in fridges and propellants of aerosols. But the chemicals are now largely a thing of the past, and the ozone layer…
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On days when news of the pandemic is especially bleak, I sometimes think of Rod Ponton. He is the Texas lawyer who logged into an online court hearing in February, only to make the appalling discovery that a Zoom setting on his computer had somehow turned him into a deeply confused-looking cat. Months later, that…
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The Compagnie Belge Maritime du Congo launched its first steam-powered ship, the SS Leopold, on its maiden trip from Antwerp to Congo in 1895. Today CMB, the colonial-era group’s successor, carries commuters between the Belgian city and nearby Kruibeke on a ferry fuelled by hydrogen. “This is the fourth energy revolution in shipping — from…
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The devastating Siberian wildfires last year were caused by changing climactic conditions taking place across the planet, according to the latest data from Copernicus, the European Union’s earth observation programme. Record high temperatures in the Russian Far East, combined with drought and low moisture levels, created the conditions for extensive outbreaks that forced Russia to…
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By holding this week’s climate summit online, the US defeated the biggest paradox of such events: they generate vast volumes of greenhouse gas. But what is the carbon impact of international conferences for the individual business traveller? And what reduction in emissions can they achieve by opting to attend virtually? Lex ran the numbers for…
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More than 2,000 companies, worth more than $27tn in market capitalisation, either already have or are planning to set an internal price on carbon within two years, according to the global environment impact disclosure group CDP. Internal carbon prices — a cost per metric ton of carbon dioxide equivalent — can be factored into capital…
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GE turbines to power 110 MW of wind projects in India | Renewable Energy World Home News GE turbines to power 110 MW of wind projects in India No posts to display
A serious step forward and yet not nearly enough. Such is the state of global action to address the existential threat of climate change following this week’s groundbreaking Leaders Summit organised by the White House. Leaders from every G20 country turned up for the two-day online gathering, the first of its kind to be staged…
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