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February 23, 2020
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Carbon / Emissions Markets

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Amazon’s Bezos pledges $10 billion to climate change fight

Reuters
FILE PHOTO: Founder, Chairman, CEO and President of Amazon Jeff Bezos speaks during an event about Blue Origin’s space exploration plans in Washington, U.S., May 9, 2019. REUTERS/Clodagh Kilcoyne NEW YORK (Reuters) – Amazon Chief Executive Officer Jeff Bezos will commit $10 billion to fund scientists, activists, nonprofits and other......
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From wind power to cow manure: oil traders seek new profit recipe

Reuters
LONDON (Reuters) – The world’s largest oil traders are pouring hundreds of millions of dollars into climate-friendly projects – including wind farms, cow manure plants and blue hydrogen – as they seek to match the profits they make from trading oil. FILE PHOTO: A wind farm is shown in Movave,......
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Delta to invest $1 billion to curb global air travel’s climate impact

Reuters
CHICAGO (Reuters) – Delta Air Lines Inc said on Friday it will invest $1 billion over the next decade in initiatives that would limit the impact of global air travel on the environment, the first airline to make a commitment of that scale. An airport worker guides a Delta Air......
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Volkswagen to shut coal-fired power stations at main factory to cut CO2

Reuters
FILE PHOTO: The logo of Volkswagen is pictured at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Lucy Nicholson FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) is shutting down two coal-fired power stations at its main plant in Wolfsburg, Germany and has declined offers to sell them to......
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Factbox: Big oil traders start investing in renewables

Reuters
LONDON (Reuters) – The world’s big oil trading firms are investing heavily in environmentally-friendly projects as they face increasing pressure from investors, governments, activists and financiers to find a sustainable business model. Vitol said last year 80% of its revenues came from oil and refined products. For Gunvor and Trafigura,......
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Equinor broadens scope of carbon targets to match rivals

Reuters
OSLO/LONDON (Reuters) – Equinor joined other major European oil and gas companies on Thursday by including emissions from the fuel it sells to customers in its carbon reduction targets as investors step up the pressure on fossil fuel producers. FILE PHOTO: A general view of the Equinor’s Johan Sverdrup oilfield......
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Ford says Canadian agency investigating emissions certification process

Reuters
FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay/File Photo WASHINGTON (Reuters) – Ford Motor Co said Wednesday Canadian officials have opened a preliminary investigation into the automaker’s emissions certification process. Ford said Environment and Climate Change Canada......
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Electric future: Britain to ban new petrol and hybrid cars from 2035

Reuters
LONDON (Reuters) – Britain will ban the sale of new petrol, diesel and hybrid cars from 2035, five years earlier than planned, in an attempt to reduce air pollution that could herald the end of over a century of reliance on the internal combustion engine. FILE PHOTO: A car is......
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Jaguar Land Rover boss to step down in September

Reuters
FILE PHOTO: Ralf Speth, CEO of Jaguar Land Rover sits in a classic Jaguar E-Type modified with an electric engine at their ‘Tech Fest’ in London, September 7, 2017. REUTERS/Toby Melville LONDON (Reuters) – The boss of Jaguar Land Rover (JLR) (TAMO.NS) will step down from his role at the......
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Sainsbury’s targets 2040 for net zero emissions, criticizes UK goal

Reuters
LONDON (Reuters) – Sainsbury’s (SBRY.L) committed itself on Tuesday to have net zero greenhouse gas emissions by 2040, a decade ahead of the British government’s own target which it said “isn’t soon enough”. FILE PHOTO: Signage for Sainsbury’s is seen at a branch of the supermarket in London, Britain, January......
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Electric vehicle maker Rivian: expect prices lower than previously announced

Reuters
MILL VALLEY, California (Reuters) – Electric vehicle startup Rivian on Saturday displayed its pickup truck and SUV at an event in San Francisco’s Bay Area and said that when their prices are unveiled soon they will be lower than has been previously announced. The Rivian R1T all-electric truck is pictured......
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Dutch road authority finds Jeep, Suzuki models broke emissions rules

Reuters
FILE PHOTO: Cruise control on a 2017 Chrysler Jeep Cherokee is seen in a photo illustration in Medford, Massachusetts, U.S., May 24, 2018. REUTERS/Brian Snyder AMSTERDAM (Reuters) – The Dutch road authority has recalled Jeep Cherokees throughout Europe for a software update, it said on Thursday, after completing an investigation......
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Climate change pushes investors to take their temperature

Reuters
LONDON (Reuters) – Move over revenue growth and dividend payouts: it’s time to take your portfolio’s temperature. FILE PHOTO: People are silhouetted against the setting sun at “El Mirador de la Alemana” (The viewpoint of the German), as the summer’s second heatwave hits Spain, in Malaga, southern Spain July 24,......
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Tesla moves a step closer to opening first European factory with German property deal

Reuters
FILE PHOTO: A demonstrators holds pro-Tesla poster during an action to support plans by U.S. electric vehicle pioneer Tesla to build its first European factory and design center in Gruenheide near Berlin, Germany January 18, 2020. REUTERS/Pawel Kopczynski BERLIN (Reuters) – U.S. electric car pioneer Tesla (TSLA.O) has agreed to......
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Polish watchdog fines Volkswagen over ‘dieselgate’ scandal

Reuters
FILE PHOTO: A car with the Volkswagen VW logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst/File Photo WARSAW (Reuters) – Poland’s consumer watchdog UOKiK said on Wednesday it was fining Volkswagen more than 120 million zlotys......
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U.S. coal-fired power plants closing fast despite Trump’s pledge of support for industry

Reuters
(Reuters) – U.S. coal-fired power plants shut down at the second-fastest pace on record in 2019, despite President Donald Trump’s efforts to prop up the industry, according to data from the federal government and Thomson Reuters. Power companies retired or converted roughly 15,100 megawatts (MW) of coal-fired electricity generation, enough......
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Soaring SUV sales keep carmakers on collision course with climate policy

Reuters
FRANKFURT (Reuters) – Soaring demand for SUVs drove record sales for premium carmakers including BMW and Mercedes last year, leaving the industry on collision course with government efforts to tackle global warming despite big investments in electric vehicles. FILE PHOTO: A Mercedes-Maybach GLS sports utility vehicle (SUV) is seen at......
Reuters - Business

After Tesla’s record year in Norway, rivals gear up for 2020

Reuters
FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, U.S., June 1, 2018. Picture taken June 1, 2018. REUTERS/Mike Blake/File Photo OSLO (Reuters) – The sale of new electric cars in Norway rose by 30.9% last year amid soaring demand......
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Volkswagen starts settlement talks with German consumer groups over diesel scandal

Reuters
FILE PHOTO: A Volkswagen logo is seen at a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai, China November 8, 2019. REUTERS/Aly Song FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) on Thursday said it was in talks to discuss a settlement with German vehicle owners who are suing......
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BoE’s Carney says finance must act faster on climate change

Reuters
LONDON (Reuters) – Financial services have been too slow to cut investment in fossil fuels, a delay that could lead to a sharp increase in global temperatures, Bank of England Governor Mark Carney said in an interview broadcast on Monday. FILE PHOTO: Mark Carney, Governor of the Bank of England,......

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