The Elephant

A resource for journalists, politicians, policy makers, activists and citizens interested in climate change and the environmental emergency

Source: Bloomberg


Articles from this source (102)

Food Supplies Threatened in Southern Africa After Driest February on Record - Bloomberg

  2024-03-08 in Bloomberg

Zambia has declared protracted dry spell a national disaster as price of staple food surges.

  Tagged under: Climate Change Impacts | Drought | Agriculture | Zimbabwe | Africa | Economics

America's Farmers Embrace Solar Panels to Protect Against Volatile Crop Prices - Bloomberg

  2024-03-07 in Bloomberg

US farmers are turning to solar power as a buffer against volatile crop prices, and Biden's clean-energy tax incentives are set to boost the trend.

  Tagged under: Solar Energy | USA | Agriculture | Washington State

There’s a New Financial Crisis Brewing in Uninsurable US Homes

  2024-03-06 in Bloomberg

In places most prone to wildfires and hurricanes, state “insurers of last resort” are absorbing trillions of dollars in risk.

  Tagged under: USA | Insurance | Colorado State | Florida

Spanish Power Is Almost Free with Renewables Set for Record - Bloomberg

  2024-02-29 in Bloomberg

Electricity prices in Spain slumped to almost nothing as the nation’s wind and solar parks are churning out more power than ever.

  Tagged under: Renewable Energy | Spain | Wind Power

San Jose-Based Battery Startup Wants to Fix Lithium-Ion Fire Risk - Bloomberg

  2024-02-29 in Bloomberg

Anthro Energy has a contract with the Pentagon to use the company’s electrolytes, which can make batteries safer.

Climate Measures Risk Sparking Social Unrest, German Agency Warns - Bloomberg

  2024-02-28 in Bloomberg

The European Union is at risk of widespread backlash against its climate agenda unless politicians do more to blunt the effects of rising carbon prices on low-income households, according to the head of Germany’s Environment Agency.

  Tagged under: Finance

How Therapists Treat Anxiety, Stress Over Climate Change - Bloomberg

  2024-02-16 in Bloomberg

Mental health experts are reporting a rising number of patients experiencing high levels of stress over global warming and its impacts. How are they treating it?

  Tagged under: Health | Climate Anxiety and Grief | Climate Change Impacts

Saudi Arabia Orders Aramco Not to Raise Oil Production Capacity Further - Bloomberg

  2024-01-30 in Bloomberg

Saudi Aramco abandoned a plan to boost its oil output capacity, a huge reversal that will raise questions about the kingdom’s view on future demand.

  Tagged under: Saudi Arabia | Aramco

China Added More Solar Panels in 2023 Than US Did In Its Entire History - Bloomberg

  2024-01-26 in Bloomberg

China installed more solar panels in 2023 than any other nation has built in total, adding to a massive renewable energy fleet that’s already leading the world by a wide margin.

  Tagged under: Renewable Energy | Solar Energy

AI Needs So Much Power That Old Coal Plants Are Sticking Around - Bloomberg

  2024-01-25 in Bloomberg

Power companies are scrambling to satisfy the needs of data centers and new factories in a country where the grid is already strained.

  Tagged under: Electricity Grid

$270 Billion in Trade Rests on Finding a Fix to the Panama Canal - Bloomberg

  2024-01-03 in Bloomberg

A combination of climate change and infrastructure is to blame for critical shipping delays at the canal.

  Tagged under: Climate Change Impacts | Drought

Rice Hits Fresh 15-Year High as Food Security Fears Fuel Demand - Bloomberg

  2023-12-27 in Bloomberg

Rice prices surged to a fresh 15-year high, fueled by strong demand and lingering supply concerns.

  Tagged under: Africa

More Than 3 Million Americans Are Already Climate Migrants, Researchers Say - Bloomberg

  2023-12-18 in Bloomberg

A new analysis finds it’s not uncommon for people to move away from their street or neighborhood due to flood risk.

  Tagged under: Texas

Hinkley Point Nuclear Plant in UK Stops Getting Funding From China’s CGN - Bloomberg

  2023-12-13 in Bloomberg

China General Nuclear Power Corp. has halted funding for the UK’s Hinkley Point C nuclear station in a fresh sign of tension between London and Beijing.

  Tagged under: Nuclear Power | France

COP28 Boosts Carbon Capture, a Long Shot Fix for the Climate - Bloomberg

  2023-12-11 in Bloomberg

Fossil fuel producers at COP28 want to use technologies to cut emissions from dirty energy rather than target consumption. The US experience shows it’s not that simple.

  Tagged under: COP28

COP28: Bill Gates Says World Probably Won't Meet 2C Climate Warming Goal - Bloomberg

  2023-12-03 in Bloomberg

The billionaire clean-energy investor said it would be “fortunate” if temperature rise stays below 3C.

  Tagged under: COP28

US Corn Farmers Defy Summer Drought, Extreme Heat for a Record Crop - Bloomberg

  2023-11-10 in Bloomberg

The bumper harvest is fallout from the war in the Black Sea region and should keep a lid on costs for poultry and biofuel producers, as well as shoppers.

  Tagged under: Drought | Farming | Russia

NuScale Cancels Small Nuclear Reactor Power Plant in Utah as Costs Climb - Bloomberg

  2023-11-10 (or before) in Bloomberg

NuScale Power Corp., the first company with US approval for a small nuclear reactor design, is canceling plans to build a power plant for a Utah provider as costs surge. The move is a major setback to the burgeoning technology that has been heralded as the next era for atomic energy.

  Tagged under: Nuclear Power | Economics

Earth’s Axis Has Shifted and Other Climate Science You Missed - Bloomberg

  2023-10-30 in Bloomberg

We read peer-reviewed science journals — so you don't have to.

South Pole’s Collapsing Mega-Project Throws Carbon Offsets Into Chaos - Bloomberg

  2023-10-27 in Bloomberg

The breakup of the partnership behind one of the world’s biggest carbon projects in Zimbabwe raises new doubts about the carbon market’s ability to backstop failures.

  Tagged under: Zimbabwe

Mike Johnson's First Big Bill Cuts Biden's Climate Funding - Bloomberg

  2023-10-26 in Bloomberg

The first major legislation House Republicans passed under newly installed Speaker Mike Johnson would cut billions of dollars in consumer rebates for energy efficiency upgrades included in President Joe Biden’s signature climate law.

  Tagged under: US Politics | Legislation | Joe Biden | Renewable Energy | Louisiana

High Car Loan Interest Rate Payments: Americans Struggle With Bills - Bloomberg

  2023-10-22 (or before) in Bloomberg

The risk of vehicle repossession is rising for many Americans facing a budget crunch.

  Tagged under: Finance

How Climate Change Affects Water Markets Globally

  2023-10-18 in Bloomberg

More extreme weather is reshaping the availability of water, a commodity embedded in almost every product bought and sold in international markets

  Tagged under: Drought | Economics | Climate Change Impacts | Water Resources | Rivers

The Climate Sleuth Uncovering Methane Leaks for the United Nations - Bloomberg

  2023-09-29 (or before) in Bloomberg

Itziar Irakulis Loitxate is a 27-year-old Ph.D. student who is the closest thing the world has to climate police.

  Tagged under: Climate Change | Methane | Mexico

Lufthansa’s Austrian Unit Loses Greenwashing Suit Over Fuel Use - Bloomberg

  2023-09-26 (or before) in Bloomberg

Austrian Airlines AG was found guilty of misleading climate-conscious travelers by suggesting its flights were sustainable, even though they were largely powered by fossil fuels.

  Tagged under: Fossil Fuels | Air Travel

China Climate Envoy Says Phasing Out Fossil Fuels ‘Unrealistic’ - Bloomberg

  2023-09-26 (or before) in Bloomberg

Phasing out fossil fuels completely is not a realistic goal, according to China’s climate envoy and the world’s top greenhouse emitter’s representative to the United Nations’ climate talks in November.

  Tagged under: Fossil Fuels

Shell Silently Abandoned Its $100 Million-a-Year Plan to Offset CO2 Emissions - Bloomberg

  2023-09-02 (or before) in Bloomberg

A faltering offsets program points to new problems with the corporate world’s favorite “climate solution.”

  Tagged under: Shell | Carbon Capture and Storage

Why the US and Europe Still Buy Russian Nuclear Fuel - Bloomberg

  2023-08-28 (or before) in Bloomberg

The US and its European allies moved fast to choke exports of Russian oil, natural gas and coal after Vladimir Putin ordered troops into Ukraine. When it comes to atomic energy, however, Kremlin-controlled Rosatom Corp. continues to be the dominant source of fuel for the world’s nuclear power stations — supplying about half of global demand for enriched uranium. Western nations are racing to reconstitute their own processing capacity, much of which withered amid a growing aversion to nuclear pow

  Tagged under: Nuclear Power | Vladimir Putin | US Politics | Russia

Saudi Aramco Targeted in UN Human Rights Probe Tied to Climate Change - Bloomberg

  2023-08-26 (or before) in Bloomberg

Saudi Aramco is being investigated by the United Nations for possible human rights violations tied to fossil-fuel induced climate change.

  Tagged under: Climate Change | Saudi Arabia | Aramco

Sunak Pushes North Sea Fossil Fuel as Political Shift Gains Pace - Bloomberg

  2023-07-31 (or before) in Bloomberg

Prime Minister Rishi Sunak committed to granting hundreds of new licenses for oil and gas production in the North Sea, as his governing Conservatives intensify efforts to draw a political dividing line with the poll-leading opposition Labour Party on energy policy and the environment.

  Tagged under: Climate Change | Rishi Sunak

Inside China's Experiment to Save a Melting Glacier - Bloomberg

  2023-07-08 (or before) in Bloomberg

The experiment in the Tibetan Plateau could help preserve thousands of jobs, though it’s a temporary solution as global temperatures continue to rise.

  Tagged under: China | Glaciers

Sunak Eyes Scrapping an EU-Era Pollution Law to Boost Housebuilding - Bloomberg

  2023-07-07 (or before) in Bloomberg

Rishi Sunak is considering scrapping an environmental law dating back to UK membership of the European Union, as his government faces pressure to build more houses while fending off a voter backlash on pollution.

  Tagged under: Rishi Sunak

UK Paid to Boost Coal Provision While Ordering Wind Output Cut - Bloomberg

  2023-07-06 (or before) in Bloomberg

The UK ordered one of the country’s biggest wind farms to cut output over the weekend even as the grid paid a coal plant to help maintain supply security.

  Tagged under: Electricity Grid | Wind Power

Mini Reactor Cost Surge Threatens Nuclear’s Next Big Thing - Bloomberg

  2023-07-02 (or before) in Bloomberg

High inflation and rising interest rates are driving up the cost of a new generation of miniature atomic reactors that the nuclear industry is relying on to lift sales and help meet climate targets.

  Tagged under: Nuclear Power

Why Natural Gas Makes the US Power Grid Vulnerable

  2023-06-28 (or before) in Bloomberg

Natural gas generation can seize up when a climate calamity hits, endangering the country’s swiftly electrifying economy.

  Tagged under: Electricity Grid

Oil Giants From Shell to Chevron Say Gas Here to Stay for Green Transition - Bloomberg

  2023-06-26 (or before) in Bloomberg

The biggest fossil fuel players are making the message clear: the transition to a green future will require much more natural gas.

  Tagged under: Chevron | Shell | Russia

From Traffic-Choked Brussels, a Model for Driving Less - Bloomberg

  2023-06-07 (or before) in Bloomberg

Known as one of the most car-oriented European capitals, Brussels has embarked on a mobility makeover that could be a model for US cities.

Top Offset Project Must Hand Zimbabwe Revenue or Close - Bloomberg

  2023-05-18 (or before) in Bloomberg

Zimbabwe’s Environment Minister said the operators of a project generating carbon credits from an area almost the size of Puerto Rico will have to give the government half its revenue if the initiative is to survive.

  Tagged under: Zimbabwe | Carbon Offsetting

Fires Threaten Oil Sands; ConocoPhillips Briefly Pulls Staff - Bloomberg

  2023-05-17 (or before) in Bloomberg

Resurgent wildfires in Canada’s main energy-producing province prompted what may be the first round of evacuations in the country’s vast oil-sands producing region and are raising the possibility of more shut-ins in the days ahead.

  Tagged under: Wildfires

Scrap Bank of England’s ESG, Climate Mandate to Focus on Inflation: Architect - Bloomberg

  2023-05-02 (or before) in Bloomberg

Climate goals should be stripped from the Bank of England’s remit to remove any distractions from its focus on inflation and financial stability, according to one of the architects of UK central bank independence.

  Tagged under: Climate Change | ESG - Environmental, Social and Governance

Germany Sets the New Standard for Cheap, National Mass Transit - Bloomberg

  2023-05-01 (or before) in Bloomberg

Germany will start one of the most affordable public transit offers anywhere in the world on Monday, setting a new benchmark to encourage consumers to ditch their cars and putting pressure on Berlin to make the shift work.

  Tagged under: Cars

China Nuclear Chairman Sees Sevenfold Surge in Capacity by 2060 - Bloomberg

  2023-04-29 (or before) in Bloomberg

The chairman of one of China’s top nuclear energy firms expects a massive surge of atomic plants in the coming decades to help the country meet its decarbonization goals.

  Tagged under: Nuclear Power

A New Way to Curb the Rise of Oversized Pickups and SUVs - Bloomberg

  2023-04-21 (or before) in Bloomberg

Oversized pickups and SUVs are exacting a deadly toll on urban streets. Here’s how one US city plans to push back.

Amsterdam Hub to Halt Night Flights, Ban Private Jets to Cut CO2

  2023-04-04 (or before) in Bloomberg

Schiphol Airport, a key European transfer hub, plans to stop late night flights and ban private jets to reduce noise and lower CO2 emissions.

  Tagged under: Air Travel

Why China Rooftop Solar Power Leads World on Clean Energy Capacity - Bloomberg

  2023-03-28 (or before) in Bloomberg

One in five solar panels installed worldwide last year were mounted on a Chinese roof, putting households at the forefront of efforts to decarbonize a top emitter.

  Tagged under: Solar Energy

Credit Suisse Collapse Throws Climate Debt Market Into Turmoil - Bloomberg

  2023-03-21 (or before) in Bloomberg

The failure of the Swiss bank leaves a hole in the debt-for-nature market that analysts said could one day exceed $800 billion.

  Tagged under: Caribbean | Collapse | Finance

Biden Officials Back Alaska Oil Project Scorned as Carbon Bomb

  2023-03-11 (or before) in Bloomberg

The Biden administration has decided to authorize a mammoth ConocoPhillips oil project in northwest Alaska, despite arguments by opponents that it will exacerbate climate change, according to people familiar with the matter.

  Tagged under: Joe Biden | Climate Change | Russia | Alaska

Exxon Retreats From Major Climate Effort to Make Biofuels From Algae

  2023-02-10 (or before) in Bloomberg

Renewable fuels made from algae was the company’s most heavily publicized climate solution.

  Tagged under: Renewable Energy | Exxon | Climate Change | Fossil Fuels | California

COP28 Chief’s Global Tour Begins With a Defense of Fossil Fuels

  2023-02-09 (or before) in Bloomberg

Oil and gas will have a key role to play even as the world shifts to cleaner energy and climate talks should reflect the challenges of energy poverty, according to the president of this year’s COP summit.

  Tagged under: COP28 | Fossil Fuels | Saudi Arabia

Nature Conservancy Hooked Corporate America on an Empty Climate Solution

  2023-01-19 (or before) in Bloomberg

Companies say they’re saving forests by buying offsets, but many of these lands don’t need defending

  Tagged under: Climate Change | Trees | Sustainability

The Climate Impact of Our Insatiable Plastic Addiction

  2023-01-04 (or before) in Bloomberg

In addition to the trash that piles up in cities and clogs oceans, the world’s plastic habit has another, invisible toll: climate-warming greenhouse gases.

  Tagged under: Oceans | Greenhouse Gases | Climate Change

US Vegetable Prices Soar Nearly 40% as Water Cuts Crush Supply

  2022-12-14 (or before) in Bloomberg

  Tagged under: Farming | Climate Change | Florida

Climate Tipping Points May Be Triggered Even If Warming Peaks at 1.5C

  2022-09-09 (or before) in Bloomberg

Ice-sheet collapse, abrupt permafrost thaw and the loss of coral reefs are possible even if the world meets Paris Agreement targets, scientists warn. 

  Tagged under: Climate Change | Coral Reefs | Collapse | Tipping Points

The Supply Chain to Beat Climate Change Is Already Being Built

  2022-09-08 (or before) in Bloomberg

Look at the numbers. The huge increases in fossil fuel prices this year hide the fact that the solar industry is winning the energy transition.

  Tagged under: Solar Energy | China | Climate Change

U.S. Needs A Lot More Land to Go Green by 2050

  2022-08-31 (or before) in Bloomberg

We may need 250 million acres for wind farms alone.

  Tagged under: Solar Energy | Farming | Greenhouse Gases | Land Use | Wind Power | Electricity Grid

Saudi Arabia’s EV Battery Bets Are a Warning

  2022-08-24 (or before) in Bloomberg

Apart from China, no country has managed to achieve manufacturing scale. That may be about to change.

  Tagged under: Batteries | China | Saudi Arabia

Europe’s Parched Earth Hits Corn as Climate Crisis Resounds

  2022-08-07 (or before) in Bloomberg

Searing temperatures are shriveling corn crops across Europe, in the latest sign of a deepening crisis that spans everything from Rhine River transport to Spanish olive growers.

  Tagged under: Spain | Farming | France | Rivers

BP Paid Rural Mexicans a “Pittance” for Wall Street’s Top Climate Solution

  2022-06-28 (or before) in Bloomberg

The oil giant has found a climate bargain in some of Mexico’s poorest areas, paying a fraction of market rate for carbon offsets to rural villagers working to protect their forests.

  Tagged under: BP | Climate Change | Mexico | Trees

How a Battery Metals Squeeze Puts EV Future at Risk

  2022-06-08 (or before) in Bloomberg

The world’s epic shift into electric vehicles needs to overcome a major obstacle: how to meet rocketing demand for batteries, the vital component, while cutting the cost to help the cars go mainstream. Factory lines churning out power packs to fuel a clean energy future are being built faster than strained supply chains can keep up. A global rush to lock in stocks of lithium, nickel, cobalt and other key ingredients from a handful of nations has sent prices hurtling higher. There are major conce

  Tagged under: Lithium | Batteries | Cobalt | Electric Cars | Cars

Why Britain Is Spending £37 Billion to Make Energy-Supply Crisis Worse

  2022-05-29 (or before) in Bloomberg

A decade of policy failings left the UK with little choice but to subsidize energy consumption.

  Tagged under: Climate Change | Wind Power

Bigger Shocks Are Coming With Your Electricity Bills

  2022-05-23 (or before) in Bloomberg

Forward contracts are baking-in huge price increases for the UK and Europe.

  Tagged under: Electricity

India’s Heatwaves Are Testing the Limits of Human Survival

  2022-05-05 (or before) in Bloomberg

Each summer in India is a fresh roll of the dice on whether a freak event will occur that leads to a vast number of deaths.

  Tagged under: Heatwaves

This Timber Company Sold Millions of Dollars of Useless Carbon Offsets

  2022-03-18 (or before) in Bloomberg

Now Lyme Timber CEO Jim Hourdequin wants to fix a broken system to create a market that actually helps slow climate change.

  Tagged under: Climate Change | California

Carney’s Bid to Grow Carbon Market Rejigged Amid Controversy

  2022-03-16 (or before) in Bloomberg

Former Bank of England Governor Mark Carney’s initiative to boost the market for carbon offsets is being scaled back, in the wake of fierce debate around whether the traded assets really help avert global warming.

  Tagged under: Greenhouse Gases

Orsted Says BP Trying to Block Part of U.K. Wind Farm at Sea

  2022-03-11 (or before) in Bloomberg

BP Plc is trying to block development of part of a giant wind farm in waters off England’s east coast, according to Denmark’s Orsted A/S.

  Tagged under: BP | Wind Power

BP to Exit Rosneft Stake and May Take a $25 Billion Hit

  2022-02-28 (or before) in Bloomberg

BP Plc moved to dump its shares in oil giant Rosneft PJSC, taking a financial hit of as much as $25 billion by joining the campaign to isolate Russia’s economy.

  Tagged under: Vladimir Putin | Russia | BP

Russia Invades Ukraine and Europe Buys More Gas. Here’s Why

  2022-02-27 (or before) in Bloomberg

  Tagged under: Russia

The Great Climate Backslide: How Governments Are Regressing Worldwide

  2022-02-14 (or before) in Bloomberg

From the U.S. to China, harsh economic realities mean the political will for painful choices is evaporating fast.

  Tagged under: Joe Biden

Nuclear Is Too Risky to Aid Climate Fight, Former Regulators Say

  2022-01-26 (or before) in Bloomberg

Nuclear power is too risky and expensive to address the growing threat of climate change, according to an international coalition of former regulators.

  Tagged under: Nuclear Power | Coal | Climate Change | ESG - Environmental, Social and Governance

Car Advertising Finally Goes Electric

  2022-01-16 (or before) in Bloomberg

Industry giants have started making EVs en masse; now they have to figure out how to sell them. 

  Tagged under: Electric Cars | EVs

European Retailers Suspend Brazil Beef on Deforestation

  2021-12-16 (or before) in Bloomberg

Six European retail groups, including Sainsbury’s in the United Kingdom and Carrefour in Belgium, are restricting Brazilian beef purchases due to new findings linking cattle production to deforestation in the Amazon, Cerrado and Pantanal.

  Tagged under: Deforestation | Amazon Rainforest | Brazil | Cattle and Dairy Farming

The Black Forest Holds a Secret to Making Electric Cars Greener

  2021-12-15 (or before) in Bloomberg

A new mining process aims to produce battery-grade lithium in Germany without hurting the environment.

  Tagged under: Lithium | Batteries | Germany | Electric Cars | Cars | Trees

Sustainable Investing Is Mostly About Sustaining Corporations

  2021-12-12 (or before) in Bloomberg

Wall Street uses ESG ratings to boost “sustainable” labels on stock and bond funds—but what do these ratings really measure?

  Tagged under: Capitalism | ESG - Environmental, Social and Governance | Finance

EU’s Climate Chief Signals Natural Gas Will Be Included in Green Transition

  2021-11-23 (or before) in Bloomberg

European Union climate chief Frans Timmermans gave the clearest signal yet that the bloc is considering a role for natural gas under its green rulebook for investments, setting up a clash with some national governments.

  Tagged under: Nuclear Power

Rich Nations Hatch Plan for $100 Billion Climate Aid

  2021-10-24 (or before) in Bloomberg

Rich nations have fallen short of their 2009 pledge to collectively deliver $100 billion annually to help poor countries confront climate change, shift to clean energy and build resilience.

  Tagged under: Climate Change | Russia | Indonesia

Where Americans Moved Into Fire Danger Zones

  2021-09-25 (or before) in Bloomberg

In the first year of Covid, migration increased into areas that have seen recent wildfires — even as climate change intensifies risk.

  Tagged under: Wildfires | Climate Change | Insurance | California | Trees

Drought Pushes U.S. Oat Crop to Lowest in Records Back to 1866

  2021-09-06 (or before) in Bloomberg

As drought conditions bake the upper reaches of the U.S. Plains, American farmers are now expected to harvest their smallest oats crop in records that go back to 1866.

  Tagged under: Farming | Drought

Biden’s OPEC Plea Pits Fuel Price Fears Against Climate Push

  2021-08-12 (or before) in Bloomberg

President Joe Biden has pledged to wean the U.S. off of fossil fuels, and never has that call been more urgent than now, with United Nations-backed scientists warning of a point of no return.

  Tagged under: Joe Biden | Climate Change | Fossil Fuels

Heat, Floods, Fires: Jet Stream Is Key Link in Climate Disasters

  2021-07-25 (or before) in Bloomberg

Deadly weather as far apart as China, Germany and the U.S. reveal the devastating impact of a swinging jet stream.

  Tagged under: China | Germany | Climate Change | Climate Change Impacts

Gas Is the New Coal With Risk of $100 Billion in Stranded Assets

  2021-04-17 (or before) in Bloomberg

Natural gas is falling out of favor with emissions-wary investors and utilities at a quicker pace than coal did, catching some power generators unaware and potentially leaving them stuck with billions of dollars of assets they can’t sell.

  Tagged under: Coal

Mark Carney Walks Back Brookfield Net-Zero Claim After Criticism

  2021-03-05 (or before) in Bloomberg

By describing Brookfield’s $600 billion portfolio as carbon neutral, a key climate-finance leader provoked a backlash by questioning what ‘net zero’ really means

  Tagged under: Renewable Energy | Net Zero | Finance

Capitalism Is Struggling With the Language of Climate Change

  2021-02-10 (or before) in Bloomberg

The technical terminology of science can sometimes be muddled in powerful climate messages from finance and political leaders.

  Tagged under: Joe Biden | Greenhouse Gases | Climate Change | Capitalism | Finance

Biden’s Early Climate Blitz Goes Faster, Further Than Expected

  2021-01-28 (or before) in Bloomberg

In less than a month, the new president has oil executives ‘aghast’ at the swift policy switch

  Tagged under: Joe Biden | Climate Change

Bank of America Says It Won’t Finance Oil and Gas Exploration in the Arctic

  2020-12-01 (or before) in Bloomberg

Bank of America Corp. said that it won’t provide project financing for oil and gas exploration in the Arctic after facing opposition from environmentalists.

  Tagged under: Arctic | Washington State | Finance

Wind Turbine Blades Can’t Be Recycled, So They’re Piling Up in Landfills

  2020-10-12 (or before) in Bloomberg

Companies are searching for ways to deal with the tens of thousands of blades that have reached the end of their lives.

  Tagged under: Renewable Energy | Wind Power

Church of England Unloads Exxon Shares on Failed Emission Goals

  2020-10-09 (or before) in Bloomberg

Its pensions board is now fully divested from the oil giant for not meeting key climate criteria

  Tagged under: Exxon | Climate Change | Economics

Exxon’s Plan for Surging Carbon Emissions Revealed in Leaked Documents

  2020-10-05 (or before) in Bloomberg

Internal projections from one of world’s largest oil producers show an increase in its enormous contribution to global warming

  Tagged under: Exxon | Greenhouse Gases | Climate Change

Floods Washed Away More Than 25% of Nigeria’s Rice Harvest

  2020-09-05 (or before) in Bloomberg

Floods washed away at least two million tons of rice in Nigeria, the second-largest importer of the grain. That is more than 25% of the previously projected national output of 8 million tons, according to estimates by a farmers’ organization.

  Tagged under: Farming | Nigeria | Africa

Oil Companies Wonder If It’s Worth Looking for Oil Anymore

  2020-08-16 (or before) in Bloomberg

More European producers are saying energy resources worth billions of dollars now might never be pumped out of the ground.

  Tagged under: Argentina

For Effective Climate Change Activism, Focus on Supply

  2020-07-14 (or before) in Bloomberg

To effect change, climate activists need to pursue both divestment and limiting demand for carbon emissions.

  Tagged under: Activism | Climate Change | Economics

U.S. Launches Tool to Stake Claim to World’s Rare Earth Minerals

  2020-03-03 (or before) in Bloomberg

In a high-tech twist on hammering pickets into the ground, the U.S. State Department has helped launch an online tool aimed at staking America’s claim to many of the world’s rare-earth minerals.

  Tagged under: Minerals

Exxon Mobil Beats New York’s Climate-Change Accounting Case

  2020-01-06 (or before) in Bloomberg

Exxon Mobil Corp. won a closely watched trial over its accounting for the financial risks of climate change, in an outright rejection of New York state’s claim that the energy giant engaged in a cynical scheme to mislead investors for years.

  Tagged under: Exxon | Greenhouse Gases | Climate Change

Exxon’s Climate Trial Is Over, But the Legal War Is Just Beginning

  2020-01-06 (or before) in Bloomberg

A dozen “public nuisance” lawsuits accuse fossil fuel giants of hiding, and denying, their knowledge of global warming.

  Tagged under: Exxon | Climate Change

Merkel Issues Warning on ‘Real, Dangerous’ Climate Change

  2019-12-31 (or before) in Bloomberg

Chancellor Angela Merkel called global warming “real” and “dangerous” in her New Year’s address, saying she will do everything in her power to ensure Germany makes a meaningful contribution to tackling it.

  Tagged under: Germany | Climate Change | ESG - Environmental, Social and Governance

Goldman Sachs Curbs New Lending on Coal and Arctic Oil

  2019-12-19 (or before) in Bloomberg

Goldman Sachs Group Inc. has tightened its policy on fossil fuel financing in a move welcomed by environmental groups, just as global talks on climate change faltered in Madrid over the weekend.

  Tagged under: Renewable Energy | Arctic | Greenhouse Gases | Coal | Climate Change

Climate May Force Millions to Move and U.S. Isn’t Ready, Report Says

  2019-12-18 (or before) in Bloomberg

Global warming may push millions of Americans away from the coast, and the U.S. isn’t prepared for the consequences of such a mass migration, scientists from across the federal government warned on Friday.

  Tagged under: Climate Change

City Bonds May Be Hit by Climate Change. Moody's Can Now See How

  2019-12-04 (or before) in Bloomberg

For Moody’s Investors Service, it’s no longer enough for cities to have plans addressing their risks from climate change. The company’s municipal-bond analysts, armed with data, will soon determine how those strategies compare with others -- and may change their credit ratings as a result.

  Tagged under: Climate Change | California

China Set for Massive Coal Expansion in Threat to Climate Goals

  2019-11-23 (or before) in Bloomberg

China has enough coal-fired power plants in the pipeline to match the entire capacity of the European Union, driving the expansion in global coal power and confounding the movement against the polluting fossil fuel, according to a report.

  Tagged under: China | Coal | Climate Change

Exxon’s Credit Rating Outlook Lowered by Moody’s on Cash Burn

  2019-11-20 (or before) in Bloomberg

Exxon Mobil Corp. had the outlook on its top-notch debt rating lowered by Moody’s Investors Service Inc. to negative due to a “substantial” cash burn to fund growth.

  Tagged under: Exxon | Finance

Norway Is Walking Away From Billions of Barrels of Oil

  2019-11-16 (or before) in Bloomberg

Western Europe’s biggest petroleum producer is falling out of love with oil.

  Tagged under: Climate Change

Russia’s Thawing Permafrost May Cost Economy $2.3 Billion a Year

  2019-10-22 (or before) in Bloomberg

Russia plans to pay more attention to the impact climate change is having on its vast permafrost area.

  Tagged under: Climate Change | Economics | Vladimir Putin | Russia

The Massive Cost of Not Adapting to Climate Change

  2019-10-13 (or before) in Bloomberg

The world must invest $1.8 trillion by 2030 to prepare for the effects of global warming. A new report said the payoff could be four times that.

  Tagged under: Climate Change | Economic Growth

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