46.2 F
New York
February 25, 2020
Home » Climate Politics

Climate Politics

Reuters - Business

JPMorgan Chase plans to unveil climate initiatives at investor day

Reuters
NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) executives plan to announce new climate-change initiatives on Tuesday, including restrictions on financing coal mining and Arctic drilling, as well as a $200 billion target to provide financing for sustainable projects. FILE PHOTO: A man walks into the JP Morgan at......
Reuters - Business

Canceled Teck oil sands project underscores global climate-energy policy tension

Reuters
WINNIPEG, Manitoba/OTTAWA (Reuters) – Teck Resources Ltd’s surprise decision to cancel a planned C$20.6 billion ($15.6 billion) oil sands mine in northern Alberta, citing uncertainty about Canada’s climate policy, underscores a global struggle to balance energy growth with environmental concerns. FILE PHOTO: Visitors pass a logo of Teck Resources Ltd......
Reuters - Business

G20 finance heads eye impact of coronavirus outbreak on growth, see modest pickup

Reuters
RIYADH (Reuters) – Finance chiefs of the world’s top 20 economies vowed to monitor the impact of the coronavirus outbreak on global growth and act if needed, as they said loose monetary policy and easing trade tensions would prompt a pick-up in 2020 and 2021. The Group of 20 (G20)......
Reuters - Business

G20 finance heads see modest growth pickup, to monitor coronavirus

Reuters
RIYADH (Reuters) – Finance leaders of the world’s top 20 economies expect economic growth to pick up modestly this year and next thanks to loose monetary policy and an easing of trade tensions, and vowed to monitor the effects of the coronavirus outbreak. U.S. Treasury Secretary Steven Mnuchin arrives for......
Reuters - Business

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......
Reuters - Business

AllianzGI pushes for more climate data ahead of AGM season

Reuters
LONDON (Reuters) – German fund manager Allianz Global Investors is pushing every company it invests in to improve their climate-related disclosures ahead of the season for annual shareholder meetings. General view of the “Mer de Glace”, France’s largest glacier which has shrunk dramatically in recent years in Chamonix, France February......
Reuters - Business

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......
Reuters - Business

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......
Reuters - Business

Shareholder activists test JPMorgan’s Dimon on climate proposals

Reuters
BOSTON/NEW YORK (Reuters) – Shareholder activists focused on climate issues vowed to press proxy battles with JPMorgan Chase & Co (JPM.N) after getting a cold reception from the top Wall Street bank, even though Chief Executive Jamie Dimon has vowed to protect the environment. FILE PHOTO: Jamie Dimon, chairman &......
Reuters - Business

Exclusive: Germany’s Volkswagen and Daimler push for more ‘sustainable’ Chile lithium

Reuters
SANTIAGO (Reuters) – German automakers Volkswagen (VOWG_p.DE) and Daimler (DAIGn.DE) have launched a study to push for more “sustainable” lithium mining in Chile, according to lobbyist filings reviewed by Reuters, a sign of growing supply chain concerns ahead of an expected electric vehicle boom. Chile’s Atacama salt flat is by......
Reuters - Business

Trump budget proposes $150 million for creation of uranium reserve

Reuters
WASHINGTON (Reuters) – President Donald Trump’s 2021 budget proposed $150 million for the creation of a U.S. uranium reserve as the administration seeks to help struggling producers of the fuel for nuclear power reactors. FILE PHOTO: U.S. Secretary of Energy Dan Brouillette speaks with journalists during a roundtable in Rio......
Reuters - Business

U.S. energy secretary hopes Mexico, Canada will help export American coal

Reuters
WASHINGTON (Reuters) – U.S. Energy Secretary Dan Brouillette said on Friday that Canada and Mexico could help export U.S. coal to Asia to get around the blocking of shipments by West Coast states concerned about the impact of the fuel on climate change. FILE PHOTO: Dump trucks haul coal and......
Reuters - Business

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......
Reuters - Business

Miners face funding squeeze as green investing surges

Reuters
CAPE TOWN (Reuters) – As global investors shift away from heavy industry in favor of cleaner sectors, mining companies are losing billions in financing, raising the cost of capital and jeopardizing projects. FILE PHOTO – Organisers set up the stage before South Africa’s President Cyril Ramaphosa speech during the Investing......
Reuters - Business

Top U.S. fund firms split over new limits on shareholder votes

Reuters
BOSTON (Reuters) – Pending U.S. securities rules that would limit shareholder proposals have divided passive and active U.S. fund firms as some take a harder line on issues like climate change. FILE PHOTO: A police officer drives past a refinery in the industrial east end in Pasadena, Texas, U.S., September......
Reuters - Business

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......
Reuters - Business

BlackRock, partners eye initial $500 million for climate fund

Reuters
LONDON (Reuters) – A BlackRock-backed (BLK.N) group aims to raise an initial $500 million for a private equity fund that will invest in climate change-linked infrastructure upgrades in emerging markets. FILE PHOTO: The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan......
Reuters - Business

Brazil’s Ambev sets ambitious target to end plastic pollution in packaging

Reuters
FILE PHOTO: AmBev (Companhia de Bebidas das Americas) beer crates are pictured in their unit in Fortaleza, Brazil January 10, 2019. REUTERS/Paulo Whitaker SAO PAULO (Reuters) – Brazilian beverages company Ambev SA has set an ambitious target of eliminating plastic pollution in its packaging by 2025, in a push that......
Reuters - Business

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,......
Reuters - Business

Amazon chief says to invest $1 billion in digitizing small businesses in India

Reuters
FILE PHOTO: Jeff Bezos, founder of Amazon and Blue Origin speaks during the JFK Space Summit, celebrating the 50th anniversary of the moon landing, at the John F. Kennedy Library in Boston, Massachusetts, U.S., June 19, 2019. REUTERS/Katherine Taylor NEW DELHI (Reuters) – Amazon.com Inc will invest $1 billion in......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More