🏭 A group of organizations and people striving to protect the environment, stop the abuse of carbon offsets and hold the business sector accountable.
📌
#CCW
The
#UnitedArabEmirates
hosting of the
#COP28
climate summit, despite being a leading oil producer, has sparked outrage among environmentalists and conspiracy theorists.
U.S. Climate Envoy
#JohnKerry
urges fossil fuel companies to reduce CO2 emissions as countries prepare for the
#COP28
climate summit, focusing on coal, oil, and gas phase-out.
The International Energy Agency (
#IEA
) warns oil and gas producers face a crucial decision to transition to
#CleanEnergy
or risk escalating the
#ClimateCrisis
.
The oil and gas executive, Sultan al-Jaber, warned world leaders of global warming's common enemy and the urgency to defeat it. He emphasised the need for global unity to combat
#climate
pollution.
#Nestle
withdraws
#offset
credits and allocates funds for emissions reduction in the supply chain and operations, dropping carbon-neutral pledges for
#KitKat
and
#Perrier
brands.
Clean
#energy
developers in Michigan and
#MonroeCounty
faced conflict over land ownership due to rising medical costs, with Montcalm County's wind farm and Monroe County's land being recalled.
Green flying may cost more, but it may take time for
#sustainability
to take off at the Paris Air Show, as the industry faces increasing pressure to reduce
#GreenhouseGasEmissions
.
Levern Water in Barrhead, East Renfrewshire, has been regenerated with £2.8m of blue-green infrastructure, creating a flood plain and preventing heavy rain damage.
According to Oil Change International's Collin Rees,
#FossilFuel
companies increased their planet-heating business models in 2023 despite promises to reduce emissions and prioritise cleaner
#energy
.
#Shell
has abandoned its
#CarbonOffset
investment targets and purchased 120 million nature offsets by 2030, following the discontinuation of the Carbon Trust's "carbon neutral" labelling scheme, as part of a broader watering down of its
#climate
ambitions.
@LloydsofLondon
's boss warned that a global
#climate
alliance for insurers needs to make its membership rules less prescriptive or risk falling apart due to political pressure from some U.S. states.
#Brookfield
consortium accuses
#AustralianSuper
of holding Origin Energy hostage after rejecting a sweetened takeover offer, offering a back-up plan if shareholder vote fails.
Special Representative Badr Jafar predicts 26 significant deals at the
#COP28
climate talks, highlighting the importance of businesses backing their
#environmental
and social pledges with action and money.
The approach allows firms investing in underdelivered
#VoluntaryCarbonMarket
projects to receive insurance claims in either payments or replacement
#CarbonCredits
.
#Earth
is an ancient, isolated planet with a constant cycle of change. Basic elements like
#carbon
and nitrogen cycle in and out of living things, seas, land, atmosphere, and crust.
#Canada
's Finance Minister Christia Freeland has announced the Fall Economic Statement for November, expected to release new spending, housing, and financial relief, as the mid-year fiscal update was delayed last year.
#Shell
, along with other major companies, has abandoned plans to invest $100m annually in
#CarbonCredit
schemes and purchase 120m nature offsets by 2030 amid concerns that many
#offsets
have no
#environmental
impact.
The
#US
beef industry is creating an army of influencers and citizen activists to spread the message that
#environmental
impacts are not a major concern.
The
#Biden
administration let corn-based ethanol output levels remain unchanged while increasing the
#biofuels
that must be mixed into the country's fuel sources during the following three years.
According to senior government officials,
#SouthAfrica
will miss its 2030 Paris Climate Agreement
#carbon
emissions targets due to more extended operation of eight coal-fired power plants.
Sultan Ahmed Al Jaber, President-Designate of
#COP28
and head of Abu Dhabi National Oil Company, emphasizes changing course to address
#ClimateChange
, aligning with fossil fuel industry's
#NetZero
goals.
The
#Biden
administration is nearing a critical point in addressing
#climate
risks, with significant proposals set to be implemented and key personnel resigning.
Dr. Nick Wayth of the
#EnergyInstitute
emphasises the need for a diverse future energy workforce in the
#UK
despite the political divide and public support for
#NetZero
since 2019.
Next season's European club
#football
fixtures could increase global travel by two billion air miles, causing over 4,000 journeys to the Moon and back and releasing nearly half a million tonnes of
#GreenhouseGases
.
"The climate benefits of 'carbon offsetting' are at best exaggerated and at worst imaginary"
Numerous international media sources conducted a survey to show that
#carboncredits
for
#greenhousegas
emissions have no beneficial climate impact.
City of York Council reports 723 tonnes of
#CarbonDioxide
produced in 2022-23 due to home workers using office equipment, lighting, and heating, compared to commuting and business travel.
#ExxonMobil
's $60 billion acquisition of Pioneer Natural Resources raises concerns over its transition to low-carbon energy, focusing on the
#PermianBasin
.
The
#Biden
administration has allocated $7 billion to clean-energy projects in Pennsylvania and California to initiate
#hydrogen
fuel development, a crucial part of President Biden's
#ClimateChange
agenda.
Enlightenment thinker
#FerdinandoGaliani
believed that manufacturing could heal superstition and slavery, and governments now view factories as a cure for
#ClimateChange
, job loss, and economic growth.
In 2024, sustainable finance trends include regulations for
#ESG
assurance, international agreements for transition finance, and standards for monitoring investment in
#nature
and
#biodiversity
.
Government pledges to cut
#GreenhouseGas
emissions are unlikely to be kept, with the United Arab Emirates, India, Australia, Indonesia, and Brazil among the latecomers.
#SimonLachner
, 28, was arrested in Germany for calling attention to
#ClimateChange
protests. He was among thousands of
#activists
caught up in European crackdowns, causing traffic chaos, disrupting supplies, and causing water usage clashes.
US Treasury Secretary
#JanetYellen
emphasised the need for collaboration between the US and China to combat
#ClimateChange
's "existential threat." She emphasised previous cooperation, such as the 2015
#ParisAgreement
.
Unsustainable practices threaten global
#natural
and
#climate
catastrophes. The European Union's Nature Restoration Law was narrowly passed, but the Council must overcome internal obstacles for consistency.
#SouthKorea
pledged to be an early mover in tackling
#ClimateChange
, allocating 2% of GDP annually and hosting the Global Green Growth Institute. Lee, former Hyundai Construction head, emphasised acting "me first."
#COP28
climate talks endorsed carbon capture and storage technology, with the US as a key proving ground for capturing
#GreenhouseGas
and infrastructure.
#UN
Secretary-General Antonio Guterres urged
#G20
leaders to reshape global financial rules and reset the "spinning out of control"
#ClimateCrisis
, stating that collective responses lack ambition, credibility, and urgency.
#BP
faces potential profit halving amid misconduct scandal, but questions about future strategy persist, with pressure on the board to abandon green commitments and increase
#FossilFuel
production.
#RishiSunak
defends
#UK
's oil and gas reserves, despite backlash for betraying
#ClimatePledges
, despite announcing 100 new North Sea extraction licenses.
Countries agreed to curb shipping
#emissions
to net zero by 2050, with
#IMO
countries cutting emissions by 20% by 2030. However, campaigners warn the deal is flawed and may not align with the
#ParisAgreement
.
#FossilFuel
combustion is the primary cause of
#ClimateChange
, with severe impacts like extreme temperatures, water shortages, food scarcity, and transportation disruptions.
#Biden
administration aims to finish climate rules, distribute
#CleanEnergy
, and promote action before 2024, with polls predicting a rematch between Biden and Trump.
#BreakFreeFromPlastic
and the Global Alliance for Incinerator Alternatives criticise plastic credits as flawed and corporate
#greenwashing
, arguing they won't help reduce global plastic pollution.
The
#CarbonOffset
market, valued at half a trillion dollars by 2050, is expected to proliferate due to
#NetZero
goals and increased demand. The market could be oversupplied, with prices averaging $18/ton, while a removal-only market could rise to $127/ton.
Adverts that claim products are
#CarbonNeutral
using
#offsets
are to be banned by the UK's advertising watchdog unless companies can prove they work.
#Gucci
is the latest company to struggle with an environmental commitment based on offsetting.
#Britain
has announced plans for listed companies and financial firms to transition to a
#NetZero
economy by 2050, aligning with new International Sustainability Standards Board (
#ISSB
) standards.
#US
asset managers decrease
#FossilFuel
company phase-out interest since 2021, while European counterparts remain active, holding three times more equity than
#GreenInvestments
.
The island, which has set a goal to reach
#NetZero
emissions by 2050, has made some progress deploying technologies like district cooling, floating
#solar
and energy-efficient water desalination.
Republicans' success in triggering the break-up of a coalition of insurance firms aimed at tackling
#ClimateChange
is due to
#US
states being the industry's primary regulator.
Large banks' commitment to reducing
#GlobalWarming
impacts is hindered by a current energy-supply banking ratio of 0.73 to 1, slightly worse than 2021's percentage.
#China
is set to unveil a strategy to reduce methane
#emissions
but may not set specific targets despite producing over 14% of global methane emissions. China has resisted joining a global pact.
In 2023, the Science-Based Targets initiative (
#SBTi
) reported a double-digit increase in companies and financial institutions setting validated targets for reducing
#emissions
.
During the Labour Party's conference in Liverpool,
#RishiSunak
defended his shift in
#HS2
and environmental policies, presenting himself as the change agent.
Banks that sign up for the Net-Zero Banking Alliance (
#NZBA
) commit to aligning their lending and investment portfolios to achieve
#NetZero
emissions by 2050.
But the reality is that they are a long way from meeting their commitments.
Via
@business
The
#UK
government's
#climate
consultants have criticised officials for their tardy progress towards their
#NetZero
aim and turning back on their agreements to use fossil fuels.
Council vehicles should use
#VegetableOil
to reduce
#CarbonEmissions
, according to
#Oil4Wales
founder Colin Owens.
However, energy expert warns this could only serve as a temporary solution.
#Singapore
's MPA has issued an EOI for fully electric harbour craft, aiming for
#NetZero
emissions by 2050. This is a step towards a fully electric,
#biofuel
, or net-zero fleet by 2030.
CDP launched its Corporate Environmental Action Tracker. It reveals that only 1% of global
#emissions
disclosed through CDP are covered by credible
#climate
transition plan disclosure, highlighting the need for accountability from non-state actors.
The
#UK
government is increasing air source
#HeatPump
grants for homeowners by 50% to £7,500, aiming to reduce the cost of installing low-carbon technology.
According to Global Witness' analysis, Abu Dhabi National Oil Company (
#ADNOC
), led by
#COP28
's president, is expected to emit over 11 billion tonnes of
#GreenhouseGases
in the next 25 years.
Banks are investing
#trillions
in expanding global emitting industries in developing countries, according to a report by
#ActionAid
, despite their lack of resources for
#ClimateAction
plans.
Canadian Prime Minister
#JustinTrudeau
and Alberta Premier
#DanielleSmith
aim for agreement on
#climate
and energy policies during their visit to Calgary's Stampede event.
#CampaignForBetterTransport
suggests
#airlines
must provide realistic travel times for domestic flights, as airline schedules often overlook airport time, contributing to longer trips.
Over the past two years,
#energy
security has been a focus, with governments implementing regulatory mechanisms to combat
#inflation
and domestic energy requirements.
A
#UN
report indicates that
#GlobalWarming
is only a small fraction of a global goal, potentially leading to multiple climate tipping points and increased extreme weather.
#BHP
Group aims to reduce operational emissions by 30% by 2030 but faces challenges in achieving
#NetZero
carbon emissions. The company plans to spend $4 billion on capital expenditure by the end of the decade.