Monday, 12 May 2025

Focus on Climate

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/ FIle Photo
ClimateCourtsEmissionsNewsPolitics

Goldman Sachs quits global climate coalition for banks

Banks joining the voluntary NZBA agree to align with the world's aim of reaching net-zero emissions by 2050.

FILE PHOTO: FILE PHOTO: A man walks in a flooded street a day after Hurricane Rafael made landfall in Batabano, Cuba, November 7, 2024. REUTERS/ REUTERS/Norlys Perez/File Photo
ClimateClimate FinanceNewsPoliticsResiliencyUnited Nations

Climate-vulnerable countries push for credit rating overhaul

Ratings given by the "Big Three" agencies consider the risks and potential for economic harm from climate change.

FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/File Photo
ClimateClimate FinanceNewsPoliticsResiliency

World Bank wins pledges for $100 billion replenishment of fund for poorest countries

The World Bank made the announcement on Friday at a pledging conference for the International Development Association.

FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, July 21, 2014. Pump jacks are used to pump crude oil out of the ground after an oil well has been drilled. REUTERS/Todd Korol/File Photo
ClimateEnvironmentFuelNatural GasNewsOil

Canadian oil province Alberta cleans up 5% of inactive wells in 2023

Alberta now has 79,000 wells classed as inactive versus 83,000 in 2022.

The sun sets over Alum Bluff on the Apalachicola River near Bristol, Fla. on Nov. 4, 2017. (AP Photo/Kate Payne)
BusinessClimateCourtsEmissionsEnvironmentLegislationNewsOilRegulations

Environmentalists are headed to court over proposed oil well in vulnerable Florida watershed

Environmentalists sue to block oil drilling in Florida’s biodiverse Apalachicola watershed, citing risks to one of earth’s rare ecosystems.

Northern Ireland Economy Minister Conor Murphy (PA)
ClimateEconomyEmissionsNatural GasNewsOilPoliticsRegulations

Northern Ireland moves to ban fracking

Northern Ireland backs fracking ban, advancing renewable energy goals and aligning with net-zero targets; legislation in 2025.

A new report says Alberta's oil and gas producers spent $769 million cleaning up old wells in 2023, a $73 million increase from the prior year. A pumpjack draws out oil from a well head near Calgary on Saturday, Sept. 17, 2022. THE CANADIAN PRESS/Jeff McIntosh
BusinessEconomyEmissionsEnvironmentInfrastructureNatural GasNewsOilRegulationsReports

Number of inactive oil and gas wells in Alberta fell five per cent in 2023: report

Alberta oil producers spent $769M on well cleanups in 2023, exceeding provincial requirements as inactive wells dropped by five per cent.

FILE - Pump jacks extract oil from beneath the ground in North Dakota, May 19, 2021. (AP Photo/Matthew Brown, File)
BusinessClimateCourtsEmissionsEnvironmentLegislationNewsPoliticsRegulationsReports

EPA hails ‘revitalized’ enforcement efforts as Biden administration heads to exit

EPA enforcement in 2024 cut 225M pounds of pollution, targeted overburdened communities, and set record fines for violations.

Drought has emptied the  Jablanicko artificial lake in Bosnia that was once a major tourist attraction for the town of Konjic (AFP)
ClimateElectricityEnvironmentHydropowerNewsWeather

‘Scary’ drought empties one of Bosnia’s largest lakes

"The year 2024 was exceptionally bad for the functioning of the power plants": Elektroprivreda executive

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