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July 9, 2020
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Reuters - Business

Unilever to invest 1 billion euros in climate change fund over 10 years

Reuters
(Reuters) – Unilever Plc (ULVR.L) said on Monday it will invest 1 billion euros in a fund to invest in climate change projects and reduce to net zero greenhouse gas emissions from all its products by 2039, 11 years ahead of the Paris Agreement deadline. FILE PHOTO: Unilever headquarters in......
Reuters - Business

Carmakers must overhaul production plans to hit climate goals: report

Reuters
FILE PHOTO: Traffic backs up on the Brooklyn Queens Expressway in New York, U.S., August 2, 2018. REUTERS/Lucas Jackson LONDON (Reuters) – The world’s 14 biggest carmakers are on course to miss globally agreed climate targets, a leading sustainable finance think tank said on Wednesday, urging investors to do more......
Reuters - Business

Trump opens Atlantic sanctuary to commercial fishing

Reuters
WASHINGTON (Reuters) – President Donald Trump announced on Friday he will open up a 5,000 square mile conservation area in the Atlantic Ocean off the coast of New England to commercial fishing. U.S. President Donald Trump talks about a U.S. jobs report amid the coronavirus disease (COVID-19) pandemic as he......
Reuters - Business

German auto stimulus to boost VW’s electric push

Reuters
BERLIN/FRANKFURT (Reuters) – Germany unveiled sweeping incentives for cheap electric cars, providing a boost to Volkswagen’s (VOWG_p.DE) electric push while penalising heavy sports utility vehicles (SUVs) with new staggered taxes for polluting combustion-engined cars. FILE PHOTO: A Volkswagen E-Golf electric vehicle is displayed at the Canadian International Auto Show in......
Reuters - Business

German auto stimulus to boost Volkswagen’s electric push

Reuters
BERLIN/FRANKFURT (Reuters) – Germany unveiled sweeping incentives for cheap electric cars and for hybrid vehicles, providing a boost to Volkswagen’s (VOWG_p.DE) electric push while staggered taxes for polluting combustion-engined cars will penalise sports utility vehicles. FILE PHOTO: A Volkswagen E-Golf electric vehicle is displayed at the Canadian International Auto Show......
Reuters - Business

Plunging cost of wind and solar marks turning point in energy transition: IRENA

Reuters
FILE PHOTO: An aerial view shows power-generating windmill turbines in a wind farm in Graincourt-les-Havrincourt, France, April 27, 2020. Picture taken with a drone REUTERS/Pascal Rossignol LONDON (Reuters) – Plunging costs of renewables mark a turning point in a global transition to low-carbon energy, with new solar or wind farms......
Reuters - Business

Lufthansa has good prospects for future: German ministries

Reuters
BERLIN (Reuters) – The German Finance and Economy Ministries on Monday said Lufthansa (LHAG.DE) was an operationally healthy company before the coronavirus outbreak, as well as profitable and with good future prospects, but had got into trouble due to the pandemic. “The federal government’s stabilisation package takes account of the......
Reuters - Business

Trump admin slaps solar, wind operators with retroactive rent bills

Reuters
(Reuters) – The Trump administration has ended a two-year rent holiday for solar and wind projects operating on federal lands, handing them whopping retroactive bills at a time the industry is struggling with the fallout of the coronavirus outbreak, according to company officials. FILE PHOTO: A wind farm is shown......
Reuters - Business

Coronavirus widens climate rift between European and U.S. oil majors

Reuters
LONDON (Reuters) – Europe’s top oil and gas companies have diverted a larger share of their cash to green energy projects since the coronavirus outbreak in a bet the global health crisis will leave a long-term dent in fossil fuel demand, according to a Reuters review of company statements and......
Reuters - Business

Green hydrogen’s time has come, say advocates eying post-pandemic world

Reuters
LONDON (Reuters) – Hydrogen has long been touted as a clean alternative to fossil fuels. Now, as major economies prepare green investments to kickstart growth, advocates spy a golden chance to drag the niche energy into the mainstream of a post-pandemic world. FILE PHOTO: The new Febus hydrogen bus is......

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