According to the Brazilian government’s annual report, deforestation in the Amazon rainforest soared by 22% in a year to its highest level since 2006, undercutting President Jair Bolsonaro’s assurances that Brazil is curbing illegal logging. Brazil’s space research agency, INPE,… Read More ›
carbon dioxide
Countries plan to build more cheap dirty climate change causing coal plants
While the pledge to phase out coal gained the support of 23 more countries at the U.N. climate conference in Glasgow, big users of coal, the dirtiest of fuels, shunned the move. The COP26 summit aims to find ways to… Read More ›
Exit of high carbon industries likely to heighten systemic risks in financial markets: PBOC official
On Monday, in a statement state-owned Shanghai Securities News said citing a central bank official, with high-carbon industries pulling out of China is likely to lead to a possible re-evaluation of invested financial resources; it is also likely to strengthen… Read More ›
Unilever Plc to invest 1 billion euros into biotechnology research, create biodegradable and water-efficient product formulations
On Wednesday, in a significant development, Unilever Plc said by 2030 it aims to remove fossil fuels from its cleaning products and will be investing 1 billion euros to that end, including cutting down on carbon emissions created by the… Read More ›
PSA Group in advance talks to acquire JLR from India’s Tata Motors
The Peugeot carmaker has shown a willingness for others to join its bid for acquiring JLR. In a significant development, the PSA Group stated, it is ready to consider a potential tie-up for acquiring UK-based Jaguar Land Rover (JLR) from… Read More ›