Turkey has become the last G20 country to ratify the Paris climate agreement, after holding off for years over perceptions of injustices in its responsibilities as part of the agreement. Although Turkey has been a signatory to the Paris agreement… Read More ›
Paris Climate Agreement
Turkey aims to ratify Paris climate agreement before November COP 26
In a statement Turkish President Tayyip Erdogan said, the Paris climate agreement would be presented to the Turkish parliament for approval next month. If Turkey ratifies the deal, it would make it the last G20 country to do so. “Following… Read More ›
Clarity on U.S. Policy will emerge in spring: German, Economy Minister Peter Altmaier
On Monday, Germany’s Economy Minister Peter Altmaier told German broadcaster Deutschlandfunk, in his assessment uncertainty in the United States is likely to continue for months and clarity would emerge only in spring regarding the direction U.S. policy would take. His… Read More ›
Britain must stop funding fossil fuel projects abroad: lawmakers
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 ›
Exxon Mobil Corp’s position on climate change is “shortsighted”: investors
Two group of investors, who have a combined total of $1.9 trillion assets under management are pushing Exxon Mobil Corp to address significant climate risk concerns. According to two groups of investors, Exxon Mobil Corp is attempting to block an… Read More ›
U.S. withdrawal from Paris Climate Agreement could lead to increased litigation and reduced FDI inflows to the U.S.
The investor-state dispute settlement (ISDS) has gained notoriety since it provides companies the means to sue governments in ad hoc arbitrations if they feel their rights have been abused through a change in the legal basis on which their investment… Read More ›
U.S. likely to lose the lead to China on climate change
California’s governor is taking the lead in setting voluntary agreements that fight global warming and climate change. Jerry Brown, California’s Governor disclosed on Thursday that he would discuss the issue of merging carbon trading markets in California when he travels… Read More ›
Dave Lesar to head Haliburton Co once Jeff Miller retires on June 1
Lesar will have to bridge low oil prices with demands for increased profitability. Halliburton Co has disclosed that Jeff Miller will be replacing Dave Lesar, its current CEO who is set to retire on June 1. Lesar has been a… Read More ›
It is in U.S. interest to stay in Paris Accord: U.S. Coal companies
U.S coal companies have argued leaving the Paris Agreement will leave the U.S. in the cold since future energy mix will be determined by other countries and companies. Many big American coal companies have advised the Trump administration to not… Read More ›