Economy & Business

BP-Owned Firm Selling Carbon Credits On Trees That Aren’t In Danger: Study

"Some forest carbon offsets sold by the biggest offsetting company in the United States offer little or no benefit to the climate, a satellite analysis has found."

Source: Floodlight/SourceMaterial, 07/12/2024

Nike Pledged To Shrink Carbon Footprint. It Just Slashed The Staff To Do That

"Since December, Nike has lost about 30% of employees who worked primarily on sustainability initiatives, due to layoffs, voluntary departures or transfers to other duties. Already, the company was missing its targets for reducing emissions."

Source: ProPublica/Oregonian, 07/12/2024

Texas Leaders Worry That Bitcoin Mines Threaten to Crash State Power Grid

"Residents in the small town of Granbury are raising alarms over noise from a local Bitcoin mine, while state lawmakers warn that the energy-hungry facilities risk “crashing” the electrical grid."

Source: Inside Climate News, 07/11/2024

"Supreme Court Rulings Boost Odds to Win Chemical Rule Challenges"

"Three recent Supreme Court decisions increase industries’ chances of winning regulatory challenges, but only after a period of divergent lower court rulings on what the nation’s primary commercial chemical law requires."

Source: Bloomberg Environment, 07/11/2024

Azerbaijan Plans Climate Fund After Pushback On Fossil-Fuel Levy: Source

"Azerbaijan, host of this year's U.N. COP29 climate summit, has scrapped plans to propose a levy on fossil-fuel producers to raise climate-change funding, and instead aims to launch a new fund at the summit for green investments in poorer countries, a senior COP29 source said."

Source: Reuters, 07/11/2024

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