carbon emissions News

How Much Carbon Damage Would Cost Corporations If They Paid For Emissions

The world’s corporations produce so much climate change pollution, it could eat up about 44% of their profits if they had to pay damages for it, according to a study by economists of nearly 15,000 public companies. The “corporate carbon …

Ships Get Older and Slower as Emissions Rules Bite

LONDON —If shipping is the beating heart of global trade, its pulse is about to get slower. Faced with uncertainty about which fuels to use in the long term to cut greenhouse gas emissions, many shipping firms are sticking with …

Environmentalists Who Won Court Case Warn Shell Board on Liability for Emission Targets

A group that won a victory over energy major Shell last year with a Dutch court order to deepen greenhouse gas cuts has warned the company’s board of possible personal responsibility if it fails to implement the verdict. The Hague …

Australia Floods Leave $1 Billion in Damage as Thousands Flee

Tens of thousands of residents from Sydney and Brisbane and nearby regional areas have been forced to flee their homes as extreme rainfall and persistent flooding wreaked havoc across Australia’s east coast. Prime Minister Scott Morrison is expected to formally …

Insurance industry Joins Push to Decarbonize Global Shipping

LONDON– Leading companies in the marine insurance industry have joined an initiative linking their underwriting activities with the cutting of carbon emissions from global shipping as pressure builds on the sector to go fully green. Last month countries including the …

CEZ Finds Alternative as Insurers Pull Cover From Coal Plants

PRAGUE — Czech utility CEZ said on Friday it had found alternative insurance for its coal-fired power plants after two providers said they would stop covering them from next year as part of an industry drive to drop climate-damaging business. …

Gone Fission: Controversial Nuke Plant Near New York City Shuts Down

BUCHANAN, N.Y. (AP) — Indian Point will permanently stop producing nuclear power Friday, capping a decades-long battle over a key source of electricity in the heart of New York City’s suburbs that opponents have called a threat to millions living …

Climate Battles are Moving into the Courtroom, and Lawyers are Getting Creative

LONDON/WASHINGTON/GENEVA — Climate change may be having its day in court. With the slow pace of international climate negotiations, lawyers from Switzerland to San Francisco are increasingly filing lawsuits demanding action. And they are getting creative — using new legal …

China Wildfire Provokes Public Anger as 19 Emergency Workers Die

Eighteen firefighters and a forest guide died this week battling a wildfire in southwest China that has spread over more than 1,000 hectares (2,471 acres), prompting criticism on social media that the government isn’t doing enough to protect the lives …

Australian Wildfires Fan Argument Over Impact of Arsonists

CANBERRA, Australia — What’s to blame for scores of wildfires devastating Australia’s southeast? There’s an increasingly bitter face-off between those who say arson and those who fault climate change. Each side has powerful backers and their weapons of choice are …