Thursday, 26 December 2024

Climate

A historic youth-led challenge of the Ontario government's climate plan is a step closer to a hearing before Canada's highest court. Protesters take part in a climate protest march in Ottawa, on Saturday, Sept. 21, 2024. THE CANADIAN PRESS/Spencer Colby
ClimateCourtsEmissionsEnvironmentLegislationPoliticsRegulations

Ontario asks Canada’s highest court to hear youth-led climate case

It's the first case to be tried in Canada that considers whether a government's climate plan can violate the Charter of Rights and...

FILE PHOTO: People work to clear spilled oil on the coastline following an incident involving two tankers damaged in a storm in the Kerch Strait, in the settlement of Blagoveshchenskaya near the Black Sea resort of Anapa in the Krasnodar region, Russia December 21, 2024. REUTERS/Sergey Pivovarov/File Photo
ClimateEmissionsEnvironmentOilPoliticsRegulations

Black Sea oil spill volunteers in Russia ask Putin to send urgent help

The oil is from two ageing tankers hit by a storm on Dec. 15. One of the vessels split in half, while the...

An employee demonstrates a sample of crude oil in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia in this picture illustration taken March 11, 2019. REUTERS/Vasily Fedosenko/Illustration
BusinessClimateEconomyEmissionsEnvironmentFinanceNatural GasOilPoliticsRegulations

Plan to throttle foreign fossil fuel finance collapses at OECD, Bloomberg reports

Wealthy nations' plan to limit fossil fuel financing has collapsed, with ongoing negotiations expected to continue into January.

The Competition Bureau has released draft guidlines that aim to clarify expectations around new greenwashing rules. Steam spills out of smoke stacks at a building in Toronto, Friday, Feb. 18, 2005. THE CANADIAN PRESS/Adrian Wyld
BusinessClimateEconomyEmissionsEmissions MarketsEnvironmentPoliticsRegulationsVoluntary Carbon Markets (VCMs)

Competition Bureau clarifies expectations around Canada’s new greenwashing rules

The Competition Bureau has released draft guidelines that aim to clarify expectations around new greenwashing rules.

FILE PHOTO: U.S. Representative Jim Jordan (R-OH) speaks at a House Republicans press conference on Capitol Hill in Washington, U.S., June 12, 2024. REUTERS/Craig Hudson/File Photo
BusinessClimateEconomyEmissionsEnvironmentFinanceIndustryPoliticsRegulations

US House committee targets another investor climate group

The House Judiciary Committee is probing 60 asset managers over ties to the Net Zero Asset Managers initiative, alleging antitrust violations.

Nature projects at Alladale Wildlife Reserve aim to restore healthy ecosystems (HEIF/European Nature Trust/Gethin Chamberlain/PA)
BiodiversityClimateEnvironment

Nature restoration in Highlands facing long-term challenges, communities warn

Conservationists working to save vital ecosystems in the Scottish Highlands say they are facing a multitude of long-term challenges.

A bird covered in oil walks along a beach following an oil spill from an incident involving two tankers damaged in a storm in the Kerch Strait, in the village of Vityazevo near the Black Sea resort of Anapa, Russia December 20, 2024. REUTERS/Sergey Pivovarov
ClimateEmissionsEnvironmentOil

Volunteers battle to clear spilled oil on Russia’s Black Sea coast

Volunteers battle to clean Russia's Black Sea coast after a tanker spill, called an ecological disaster, contaminates 45+ hectares.

FILE PHOTO: A man walks from a branch of Wells Fargo bank in the University District of Seattle, Washington, U.S. December 6, 2024. REUTERS/Chris Helgren/File Photo
BusinessClimateEconomyEmissionsEnvironmentFinancePolitics

Wells Fargo departs climate banking group in another high-profile exit after Goldman

The bank ended its membership in the Net-Zero Banking Alliance, two weeks after another notable exit by Goldman Sachs.

FILE - EPA Administrator Michael Regan stands near the Marathon Petroleum Refinery as he conducts a television interview, while touring neighborhoods that abut the refinery, in Reserve, La., Nov. 16, 2021. (AP Photo/Gerald Herbert, File)
ClimateEconomyEmissionsEnvironmentPolitics

EPA head Regan, who championed environmental justice, to leave office Dec. 31

Michael Regan, who has led the EPA throughout Biden's four-year term, said Friday he will leave the agency Dec. 31.

The Sierra Nevada del Cocuy is located in the eastern ranges of the Colombian Andes (AFP)
ClimateEconomyEmissionsEnvironmentIndigenousMiningNatural GasOilPoliticsRegulations

Inter-American Court rules Colombia drilling violated native rights

The Inter-American Court ruled Colombia violated U'wa Indigenous rights by allowing resource projects on their ancestral lands, demanding remedies.

FILE - The Fukushima Daiichi nuclear power plant, damaged by a massive March 11, 2011, earthquake and tsunami, is seen from the nearby Ukedo fishing port in Namie town, northeastern Japan, Thursday, Aug. 24, 2023. (AP Photo/Eugene Hoshiko, File)
ClimateEconomyElectricityEmissionsEnvironmentIndustryInfrastructureNuclear PowerPoliticsRegulations

Japan to maximize nuclear power in clean-energy push as electricity demand grows

A Japanese panel endorsed a new energy policy aiming for 40-50 per cent renewables and 20 per cent nuclear by 2040 to meet...

FILE PHOTO: A volunteer works to clear spilled oil on the coastline following an incident involving two tankers damaged in a storm in the Kerch Strait, in the settlement of Blagoveshchenskaya near the Black Sea resort of Anapa in the Krasnodar region, Russia December 21, 2024. REUTERS/Sergey Pivovarov/File Photo
BusinessClimateEconomyEmissionsEnvironmentOilPoliticsRegulationsTrade

Russian region declares emergency situation as Black Sea oil spill fallout widens

Authorities in Russia's Krasnodar region declared a state of emergency as oil continues to wash ashore from damaged tankers.

FILE PHOTO: Chimneys of a coal-fired power plant are pictured in New Delhi, India, July 20, 2017. Picture taken July 20, 2017. REUTERS/Adnan Abidi/File Photo
CoalEmissionsPoliticsRegulations

India reviews $30 billion sulphur-cutting programme for coal plants

India is reviewing a decade-old $30 billion programme requiring coal-fired power plants to install equipment to cut sulphur emissions.

FILE PHOTO: A factory area is seen in front of Mount Fuji in Yokohama, Japan, January 16, 2017. Picture taken on January 16, 2017.  REUTERS/Kim Kyung-Hoon/File Photo
ClimateEmissionsPolitics

Japan aims to cut greenhouse gas emissions 60% by 2035 vs 2013 levels

The proposed target sparked calls for deeper cuts from environmentalists and politicians, who argue it is insufficient for the world's fifth-biggest emitter.

FILE PHOTO: The logo of Stellantis is seen on the company's building in Velizy-Villacoublay near Paris, France, March 19, 2024. REUTERS/Gonzalo Fuentes/File photo
AutomotiveBusinessClimateEconomyElectric Vehicles (EVs)EmissionsEnvironmentIndustryManufacturingRegulations

Stellantis unit to pay $4.2 million to resolve California emissions probe

Stellantis unit FCA US agreed to pay $4.2 million to resolve a California investigation into excess emissions, the state said on Monday.

An artisanal miner holds ore extracted from an abandoned mine in El Salvador (AFP)
BusinessClimateCritical MineralsEconomyElectric Vehicles (EVs)EmissionsEnvironmentIndigenousIndustryInfrastructureLegislationMineralsMiningPoliticsRegulations

El Salvador Congress votes to end ban on metal mining

El Salvador's Congress has approved a bill promoted by President Nayib Bukele to roll back a ban on the mining of metals, dismaying...

Remnants of a bathroom that fell off the wharf are visible at the mouth of the San Lorenzo River in Santa Cruz, Calif., Tuesday, Dec. 24, 2024. (AP Photo/Nic Coury)
ClimateWeather

Hurricane-force winds bear down on California, latest in stretch of extreme weather

California faces record flooding, tornado warnings, and wildfires, underscoring its vulnerability to extreme weather events.

People clean the debris around the destroyed houses in the aftermath of Cyclone Chido, in Mamoudzou, Mayotte, France December 20, 2024. REUTERS/Gonzalo Fuentes
ClimateWeather

French officials raise Mayotte death toll to 39 after Storm Chido

French officials raised the death toll in Mayotte to 39 from 35, about 10 days after the islands were battered by a devastating...

Scientists know the damaging consequences of the loss of Antarctic sea ice (AFP)
ClimateEmissionsEnvironmentResiliencyWeather

Melting sea ice in Antarctica causes ocean storms, scientists say

Antarctic sea ice retreat in 2023 has increased storm frequency and heat loss in the Southern Ocean, impacting climate systems.

Logged area is pictured near a site where environmental activists take action in the defence of one of the last primeval forests in Europe, Bialowieza forest, Poland May 24, 2017. REUTERS/Kacper Pempel/ File Photo
AutomotiveAviationBiodiversityBusinessClimateEconomyEmissionsEnvironmentIndigenousIndustryLegislationRegulationsResiliencyTradeTransportWeather

EU Parliament gives final approval to deforestation law delay

The EU Parliament approved a one-year delay for its deforestation law, set to ban imports linked to forest destruction starting in 2025.

People walk on the stairs of a footbridge as the sky is enveloped in smog caused by air pollution in Delhi, India, December 17, 2024. REUTERS/Priyanshu Singh
BusinessClimateEmissionsEnvironmentIndustryRegulationsWeather

India tightens curbs as air pollution turns ‘severe’

India tightens pollution restrictions in New Delhi as AQI hits 'severe' levels, implementing work-from-home and class limits.

Nature projects at Alladale Wildlife Reserve aim to restore healthy ecosystems (HEIF/European Nature Trust/Gethin Chamberlain/PA)
BiodiversityClimateEnvironment

Nature restoration in Highlands facing long-term challenges, communities warn

Conservationists working to save vital ecosystems in the Scottish Highlands say they are facing a multitude of long-term challenges.

A worker sits inside the control centre of the Digital Realty data center, in Dublin, Ireland, Thursday, Oct. 17, 2024. (AP Photo/Bram Janssen)
AnalysisBiodiversityBiofuelsBuildingsBusinessClimateElectricityFuelInfrastructureWind

Ireland embraced data centers that the AI boom needs. Now they’re consuming too much of its energy

Dozens of data centers at the outskirts of Dublin are consuming more electricity than all of the urban homes in Ireland.

Logged area is pictured near a site where environmental activists take action in the defence of one of the last primeval forests in Europe, Bialowieza forest, Poland May 24, 2017. REUTERS/Kacper Pempel/ File Photo
AutomotiveAviationBiodiversityBusinessClimateEconomyEmissionsEnvironmentIndigenousIndustryLegislationRegulationsResiliencyTradeTransportWeather

EU Parliament gives final approval to deforestation law delay

The EU Parliament approved a one-year delay for its deforestation law, set to ban imports linked to forest destruction starting in 2025.

FILE PHOTO: A view of the Amazon rainforest at the lagoon of the Yasuni National Park in the Pastaza province, in Ecuador, July 29, 2023. REUTERS/Karen Toro/File Photo
BiodiversityClimateClimate FinanceEmissionsEnvironmentIndigenousRegulationsResiliency

Ecuador completes $1.5 billion debt swap for Amazon conservation

Ecuador's second debt-for-nature swap unlocks $460M for Amazon conservation, aiming to protect 4.6M hectares of ecosystems.

FILE - Trucks wait in line on Friendship Bridge over the Parana River, the border between Foz do Iguazu, Brazil, top, and Ciudad del Este, Paraguay, June 23, 2020. (AP Photo/Jorge Saenz, File)
BiodiversityCourtsEnvironment

26 people arrested in crackdown on illegal deforestation along Paraguay, Brazil and Argentina border

Deforestation can contribute to erosion, biodiversity loss and increased risk of flooding, as well as the loss of a valuable carbon sink.

Scientists know the damaging consequences of the loss of Antarctic sea ice (AFP)
ClimateEmissionsEnvironmentResiliencyWeather

Melting sea ice in Antarctica causes ocean storms, scientists say

Antarctic sea ice retreat in 2023 has increased storm frequency and heat loss in the Southern Ocean, impacting climate systems.

Logged area is pictured near a site where environmental activists take action in the defence of one of the last primeval forests in Europe, Bialowieza forest, Poland May 24, 2017. REUTERS/Kacper Pempel/ File Photo
AutomotiveAviationBiodiversityBusinessClimateEconomyEmissionsEnvironmentIndigenousIndustryLegislationRegulationsResiliencyTradeTransportWeather

EU Parliament gives final approval to deforestation law delay

The EU Parliament approved a one-year delay for its deforestation law, set to ban imports linked to forest destruction starting in 2025.

An employee of a wastewater treatment plant on the island of Psyttalia, Greece December 2, 2020. Picture taken December 2, 2020. REUTERS/Stelios Misinas/ File Photo
BusinessCarbon ManagementClimateEconomyEmissionsEmissions MarketsEnvironmentPoliticsResiliencyVoluntary Carbon Markets (VCMs)

Climate tech firms get $80 million to pull carbon from paper mills, sewage plant

Google, H&M, and Stripe will buy $80M in carbon credits from firms using tech to capture emissions from paper mills and sewage plants.

FILE PHOTO: A view of the Amazon rainforest at the lagoon of the Yasuni National Park in the Pastaza province, in Ecuador, July 29, 2023. REUTERS/Karen Toro/File Photo
BiodiversityClimateClimate FinanceEmissionsEnvironmentIndigenousRegulationsResiliency

Ecuador completes $1.5 billion debt swap for Amazon conservation

Ecuador's second debt-for-nature swap unlocks $460M for Amazon conservation, aiming to protect 4.6M hectares of ecosystems.

A firefighter works at the site of residential buildings hit by a Russian drone strike, amid Russia's attack on Ukraine, in Kharkiv, Ukraine December 25, 2024. REUTERS/Sofiia Gatilova
BusinessEconomyElectricityInfrastructurePoliticsTransmissionUtilities

Russia attacks Ukraine energy system in major missile strike, Kyiv says

On Christmas Day, Russia launched a massive missile and drone assault on Ukraine's energy infrastructure, injuring six and killing one.

The logo of Nippon Steel Corporation is displayed at the company headquarters in Tokyo,  Japan in this photo taken by Kyodo May 1, 2019.  Mandatory credit Kyodo/via REUTERS/File Photo
BusinessEconomyIndustryInfrastructurePolitics

Japan’s Nippon Steel extends closing date for U.S. Steel acquisition

Nippon Steel extended its $15 billion U.S. Steel acquisition closing to Q1 2025, awaiting President Biden's decision amid skepticism.

A man mops a floor near a Toyota FT-3e during the Indonesia International Auto Show in Tangerang, Indonesia, July 18, 2024. REUTERS/Ajeng Dinar Ulfiana/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryManufacturing

Toyota global production down for 10th month despite rising sales

Toyota's global production fell 6.2 per cent in November, marking a 10th month of decline, despite a 1.7 per cent rise in worldwide...

The Lilium Jet has yet to make a manned test flight (AFP)
AviationBusinessEconomyElectric Vehicles (EVs)IndustryManufacturing

Investors swoop in to save German flying taxi startup Lilium

A German flying taxi startup was Tuesday saved from collapse after a consortium of investors swooped in at the 11th hour to take...

Nippon Steel has urged US President Joe Biden to allow its takeover of US Steel to go through after a regulatory panel failed to reach a consensus (AFP)
BusinessEconomyIndustryInfrastructurePolitics

US panel could not reach consensus on US-Japan steel deal: Nippon

The deadlock means the controversial $14.9 billion transaction will now be referred to President Joe Biden, who is legally required to act within...

FILE PHOTO: The Rio Tinto logo is displayed above the global mining group's booth at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. REUTERS/Chris Helgren/File Photo
BusinessCritical Minerals

Arcadium Lithium shareholders approve $6.7 billion Rio Tinto deal

The deal, which will catapult Rio Tinto into the position of the world's third-largest lithium miner, is expected to close in mid-2025.

FILE PHOTO: A worker walks near a drill rig in a pit at Anglo American's Los Bronces copper mine in Chile, obtained by Reuters on April 26, 2024.  Anglo American/Handout via REUTERS/File Photo
BusinessCritical MineralsEnvironmentMiningPoliticsRegulations

Chile files four environmental charges against Anglo American mine

Los Bronces is one of Chile's biggest copper mines with output of 255,000 metric tons last year, as well as a key project...

rude oil tankers are seen docked at the Trans Mountain Westridge Marine Terminal in Burnaby, B.C., on Monday, June 10, 2024. THE CANADIAN PRESS/Darryl Dyck
AviationBusinessEnvironmentFuelLabourMaritimeTransmission

Union for striking aviation fuel workers in Vancouver says aging pipeline poses risk

Union representing striking aviation fuel workers in Vancouver warns diverting the fuel around the industrial action could pose an environmental hazard.

y, Genesee County and state of Michigan agencies respond to an oil spill in the Flint River, Wednesday, June 15, 2022. (Jake May/MLive.com/The Flint Journal via AP, File
BusinessCourtsEnvironmentOil

Company official charged in 2022 oil-chemical discharge into Michigan’s Flint River

FLINT, Mich. (AP) — The president of a chemical company has been charged in connection with the unauthorized discharge of oil that left...

FILE PHOTO: screen announces the listing of private-equity firm TPG, during the IPO at the Nasdaq Market site in Times Square in New York City, U.S., January 13, 2022.  REUTERS/Brendan McDermid/File Photo
BusinessElectricitySolar

TPG in talks to acquire solar firm Altus Power, sources say

If the talks between TPG Rise Climate and Altus are successful, a deal could be signed in the coming weeks, the sources said.

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