Twenty countries, including the United States and Canada have agreed to stop public funding of fossil fuel projects abroad by the end of 2022 and instead steer spending into clean energy. The commitment has been termed as a “historic” step… Read More ›
In a significant development, 8 of the world’s top insurance and reinsurance companies, including Europe’s top three insurers by premiums, Allianz, AXA and Generali, have launched a partnership to help speed up the transition towards a net zero emissions economy…. Read More ›
With coronavirus inducing economic lockdowns around the globe, there has been a sharp decline in energy prices last year according to data, as a result top oil companies have significantly reduced their search for new fossil fuel resources, triggered massive… Read More ›
On Tuesday, in a significant development Royal Dutch Shell is facing a lawsuit brought on by environmentalist and human rights groups demanding that the energy giant cut its reliance on fossil fuels. In April 2019, seven activist groups, including Friends… Read More ›
On Tuesday, executives from JPMorgan Chase & Co plan on announcing new climate-change initiatives, which includes restrictions on drilling in the artic and financing coal mining projects along with a $200 billion target to provide financing for sustainable projects. JPMorgan… Read More ›
On Tuesday, Standard Chartered stated, by 2024 it will $75 billion in financing towards clean energy projects and sustainable development. The development sees Standard Chartered aligning its aspirations in support of the Paris Agreement on climate change. In a statement,… Read More ›
Plans are afoot to get bipartisan backing for this bill. On Thursday, two Democratic U.S. senators are set to unveil a bill which aims to reduce climate change by slapping a fee on oil, natural gas and coal; the bulk… Read More ›
Not only is such funding not aligned with Britain’s efforts to reduce greenhouse gases and carries risks for taxpayers but also as a result of stricter emission reduction targets, and as renewable energy becomes cheaper, companies could be left with… Read More ›
Amnesty International wants battery makers to source minerals responsibly. Extraction of minerals for use in batteries have been linked to human right abuses. With all due respect to Amnesty, it should redirect its focus on the blatant harvesting of human… Read More ›
With this development, the Volvo brand will get diluted even further. As per sources familiar with the matter at hand, Sweden’s Volvo Cars, which incidentally is a unit of Zhejiang Geely Holding Group, has agreed to provide its engines for… Read More ›
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