The Elephant
The climate change and environmental emergency: a comprehensive resource for journalists, politicians, policy makers, activists and citizens
The ElephantThe climate change and environmental emergency: a comprehensive resource for journalists, politicians, policy makers, activists and citizens
Visit: bloomberg.com
Exxon (XOM) Sees Net Zero Missed With 2050 Oil Demand as High as Today - Bloomberg
2024-08-26 in BloombergExxon Mobil Corp. forecasts global oil demand in 2050 will be the same — or even slightly higher — than current levels, putting efforts to reach net zero carbon emissions by mid-century well out of reach.
Tagged under: Oil Industry | Net Zero | Exxon
Harris Skips Over Climate Change Even as Party Touts Green Wins - Bloomberg
2024-08-23 in BloombergAmong the Democrats touting the party’s record confronting climate change at their Chicago convention, there was a major exception: Vice President Kamala Harris.
Tagged under: US Politics
Nuclear Watchdog Warns of Chernobyl-Style Risk at Kursk Reactor - Bloomberg
2024-08-22 in BloombergThe United Nations’ nuclear watchdog said it’s enormously concerned by fighting near a Russian nuclear power plant because the old Soviet reactors in operation are particularly exposed.
Tagged under: Nuclear Power
Crop Insurance Won’t Let Some Farmers Adapt to Climate Change - Bloomberg
2024-07-28 in BloombergGrowers looking to transition to regenerative agriculture are running into a federal insurance barrier.
Tagged under: Insurance
Climate Crisis: Old King Coal Remains Omnipotent and Omnipresent - Bloomberg
2024-07-25 in BloombergThe dirtiest fossil fuel still powers the world. Talk of its demise is greatly exaggerated.
Tagged under: Fossil Fuels | Coal | India | Renewable Energy
Trump VP Pick JD Vances Scorn for Clean Energy Grew as Ohio Embraced It - Bloomberg
2024-07-15 in BloombergDonald Trump’s newly picked running mate, Senator JD Vance, has grown more critical of renewable electricity and climate change even as his home state of Ohio embraced solar power and clean-tech manufacturing.
Tagged under: Solar Energy | Renewable Energy | Electricity | Energy | Donald Trump | Climate Change
Global Food Roundup: Extreme Weather Hits Food Supplies - Bloomberg
2024-07-12 in BloombergThis week has offered yet another reminder of how food supplies are at the mercy of weather.
France Sees Wheat Harvest Plunging to 4-Year Low on Heavy Rains - Bloomberg
2024-07-09 in BloombergFrance’s soft-wheat harvest is seen slumping to levels near those last seen in 2020, as excessive rain in Europe’s biggest agricultural producer hurt crop outlook.
JPMorgan, Barclays Warn of ‘Valley of Death’ for Climate Tech - Bloomberg
2024-07-03 in BloombergGreen innovators too advanced for venture capital but not advanced enough for infrastructure investors are falling through the cracks — and time is running out.
Tagged under: Innovation | Capitalism
Overheating Thermometer Shows Data Challenge in Era of Extreme Weather - Bloomberg
2024-07-03 in BloombergLate in May, a village on the outskirts of Delhi registered a temperature of 52.9 C (just over 127 F) — heat so extreme it would leave most surfaces too hot to touch and severely threaten residents’ health. Except the figure, released by the country’s official weather forecaster, was wrong.
Google’s Emissions Shot Up 48% Over Five Years Due to AI - Bloomberg
2024-07-02 in BloombergA new report shows that the artificial intelligence boom will test Silicon Valley’s climate commitments.
US Home Insurance Priced Too Low for Climate Risks: Swiss Re Chair - Bloomberg
2024-07-01 in BloombergJacques de Vaucleroy said despite recent increases, premiums will have to climb further to encourage risk aversion.
Tagged under: Insurance | Risks
Exxon (XOM) Plans New Guyana Oil Project to Lift Output Into 2030s - Bloomberg
2024-06-25 in BloombergExxon Mobil Corp. took the first step toward its seventh oil project in Guyana, a clear signal the supermajor intends to expand crude output from the South American nation into the next decade.
Tagged under: Exxon
Building Nuclear Power Is a Bridge Too Far for World’s Private Investors - Bloomberg
2024-06-14 in BloombergThe next generation of nuclear reactors will need to be financed by taxpayers because private investors aren’t willing to bear the risks associated with building new plants.
Tagged under: Nuclear Power
Microsoft’s AI Investment Imperils Climate Goal As Emissions Jump 30% - Bloomberg
2024-05-15 in BloombergThe company’s goal to be carbon negative by 2030 is harder to reach, but President Brad Smith says the good AI can do for the world will outweigh its environmental impact.
Microsoft’s AI Investment Imperils Climate Goal As Emissions Jump 30% - Bloomberg
2024-05-15 in BloombergThe company’s goal to be carbon negative by 2030 is harder to reach, but President Brad Smith says the good AI can do for the world will outweigh its environmental impact.
Florida Home Insurers With Lax Ratings Pose New Property Risk - Bloomberg
2024-04-24 in BloombergA rash of failures of A-rated insurers points to a hidden weakness in the market, researchers say.
Tagged under: Insurance
Climate Change Poses a Child Labor ‘Threat Multiplier’ - Bloomberg
2024-04-24 in BloombergGlobal warming is exacerbating the conditions that lead to the workplace exploitation of minors. Now there’s a new way to measure it.
Tagged under: Children
A Key US Inflation Metric Doesn’t Count Homeowners Insurance - Bloomberg
2024-04-09 in BloombergSoaring home insurance premiums could have added about 0.8% to last year’s consumer price index increase of 3.4%, according to Bloomberg Intelligence.
Tagged under: Insurance
Fed Blocks Tough Global Climate-Risk Rules for Wall Street Banks - Bloomberg
2024-04-03 in BloombergUS regulators, led by the Federal Reserve, have thwarted a push to make climate risk a focus of global financial rules, according to people familiar with the matter.
Tagged under: Capitalism
US Home Insurance Premiums May Hit a Record This Year, Report Warns - Bloomberg
2024-04-01 in BloombergThe average premium for US homeowners insurance is expected to hit $2,522 this year, up 6% from the end of 2023. Premiums in Florida will approach $12,000.
Tagged under: Insurance | Oceans
Food Supplies Threatened in Southern Africa After Driest February on Record - Bloomberg
2024-03-08 in BloombergZambia 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 BloombergUS 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 BloombergIn 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 BloombergElectricity 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 BloombergAnthro 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 BloombergThe 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 BloombergMental 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 BloombergSaudi 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 BloombergChina 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 BloombergPower 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 BloombergA 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 BloombergRice prices surged to a fresh 15-year high, fueled by strong demand and lingering supply concerns.
The Private Equity Firm Tapping America’s Spring Water
2023-12-19 in BloombergBlueTriton Brands owns Poland Spring, Arrowhead and other bottled water brands. As it tries to grow, experts worry sensitive springs, creeks and groundwater supplies from Florida to California are paying the price.
Tagged under: Capitalism | Water Resources | California
More Than 3 Million Americans Are Already Climate Migrants, Researchers Say - Bloomberg
2023-12-18 in BloombergA new analysis finds it’s not uncommon for people to move away from their street or neighborhood due to flood risk.
Hinkley Point Nuclear Plant in UK Stops Getting Funding From China’s CGN - Bloomberg
2023-12-13 in BloombergChina 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 BloombergFossil 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 | Carbon Capture and Storage
COP28: Bill Gates Says World Probably Won't Meet 2C Climate Warming Goal - Bloomberg
2023-12-03 in BloombergThe 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 BloombergThe 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 BloombergNuScale 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 BloombergWe read peer-reviewed science journals — so you don't have to.
Tagged under: India
South Pole’s Collapsing Mega-Project Throws Carbon Offsets Into Chaos - Bloomberg
2023-10-27 in BloombergThe 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 | Collapse
Mike Johnson's First Big Bill Cuts Biden's Climate Funding - Bloomberg
2023-10-26 in BloombergThe 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
Australia Is Struggling to Meet Agriculture Goal Amid Droughts, Forest Fires - Bloomberg
2023-10-25 in BloombergDroughts and forest fires are among threats that may scupper Australia’s ambitions to bolster its farming industry into a A$100 billion ($64 billion) powerhouse by the end of the decade.
Tagged under: Drought
High Car Loan Interest Rate Payments: Americans Struggle With Bills - Bloomberg
2023-10-22 (or before) in BloombergThe 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 BloombergMore 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 BloombergItziar 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 BloombergAustrian 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 BloombergPhasing 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 BloombergA 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 BloombergThe 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 BloombergSaudi 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 | United Nations | Human Rights | Aramco
Sunak Pushes North Sea Fossil Fuel as Political Shift Gains Pace - Bloomberg
2023-07-31 (or before) in BloombergPrime 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 BloombergThe 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 BloombergRishi 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 BloombergThe 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 BloombergHigh 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 BloombergNatural 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 BloombergThe 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 BloombergKnown 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 BloombergZimbabwe’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 BloombergResurgent 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 BloombergClimate 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 BloombergGermany 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 BloombergThe 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 BloombergOversized 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 BloombergSchiphol 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 BloombergOne 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 BloombergThe 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 BloombergThe 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 BloombergRenewable 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 BloombergOil 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 | India
Nature Conservancy Hooked Corporate America on an Empty Climate Solution
2023-01-19 (or before) in BloombergCompanies 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 BloombergIn 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 BloombergTagged under: Farming | Climate Change | Florida
Climate Tipping Points May Be Triggered Even If Warming Peaks at 1.5C
2022-09-09 (or before) in BloombergIce-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 BloombergLook 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 BloombergWe 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 BloombergApart 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 BloombergSearing 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 BloombergThe 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 BloombergThe 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 BloombergA 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 BloombergForward 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 BloombergEach 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 | India
This Timber Company Sold Millions of Dollars of Useless Carbon Offsets
2022-03-18 (or before) in BloombergNow 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 BloombergFormer 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 BloombergBP 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 BloombergBP 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 BloombergTagged under: Russia
The Great Climate Backslide: How Governments Are Regressing Worldwide
2022-02-14 (or before) in BloombergFrom the U.S. to China, harsh economic realities mean the political will for painful choices is evaporating fast.
Tagged under: Joe Biden | India
Nuclear Is Too Risky to Aid Climate Fight, Former Regulators Say
2022-01-26 (or before) in BloombergNuclear 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 BloombergIndustry 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 BloombergSix 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 BloombergA 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 BloombergWall 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 BloombergEuropean 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 BloombergRich 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 BloombergIn 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 BloombergAs 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 BloombergPresident 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 BloombergDeadly 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 BloombergNatural 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 BloombergBy 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
Capitalism Is Struggling With the Language of Climate Change
2021-02-10 (or before) in BloombergThe 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 BloombergIn 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 BloombergBank 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 BloombergCompanies 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 BloombergIts 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 BloombergInternal 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 | Capitalism
Floods Washed Away More Than 25% of Nigeria’s Rice Harvest
2020-09-05 (or before) in BloombergFloods 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 BloombergMore 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 BloombergTo 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 BloombergIn 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 BloombergExxon 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 BloombergA 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 BloombergChancellor 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 BloombergGoldman 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 BloombergGlobal 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 BloombergFor 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 BloombergChina 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 BloombergExxon 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 | Capitalism
Norway Is Walking Away From Billions of Barrels of Oil
2019-11-16 (or before) in BloombergWestern 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 BloombergRussia 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 BloombergThe 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: Economics | Climate Change | Economic Growth
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