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climate change

Goldman Sachs board nominates Royal Dutch Shell CFO for director role
Business & Finance

Goldman Sachs board nominates Royal Dutch Shell CFO for director role

  • If her appointment is approved by shareholders, Jessica Uhl will be the fifth woman director on Goldman's board and its only member to come from the fossil fuel industry.
  • Shell, where Uhl has worked since 2004, recently vowed to eliminate net carbon emissions by 2050, as it prepares to expand its renewables and low-carbon business in the face of growing investor pressure on the oil and gas sector to battle climate change.
Updated 15 Mar, 2021 09:24pm
US senators introduce bipartisan oil and gas leasing reform bill
World

US senators introduce bipartisan oil and gas leasing reform bill

  • The bill, authored by Senators Jacky Rosen, a Democrat from Nevada, and Chuck Grassley, a senior Republican from Iowa, would increase the minimum bid price per acre during lease auctions and raise the royalty rate companies must pay on oil and gas produced from the leases.
  • The legislation's backing by Grassley could be critical to winning support for the reforms in the closely-divided Senate. Similar bills introduced in the House last week did not include any Republican sponsors.
Published 10 Mar, 2021 06:30pm
Delta to spend $30mn to offset most of its 2020 impact on climate
Business & Finance

Delta to spend $30mn to offset most of its 2020 impact on climate

  • The Atlanta-based company said its medium-term goal is to replace 10% of its jet fuel, which is currently refined from fossil fuel, with sustainable aviation fuel by the end of 2030.
  • That followed moves in Europe by easyJet to offset emissions on all its flights and by British Airways and Air France to do the same on their domestic flights.
Updated 04 Mar, 2021 09:52pm
Oil industry lobby weighs support of carbon pricing
Business & Finance

Oil industry lobby weighs support of carbon pricing

  • The American Petroleum Institute, which includes most of the world's biggest oil companies, is considering endorsing carbon pricing "among other policy solutions to reduce emissions and reach the ambitions of the Paris Agreement,"
  • A draft statement of the policy shift reviewed by the Wall Street Journal said the group does not endorse a specific carbon pricing tool such as a tax on carbon emissions or emissions trading scheme.
Published 02 Mar, 2021 08:46pm
Draghi sets out plan to rebuild virus-hit Italy
World

Draghi sets out plan to rebuild virus-hit Italy

  • In a second speech on Wednesday evening, he also pleaded for a revival of a failed policy: forcing EU countries to each take a share of the migrants arriving from across the Mediterranean, after years of Italy shouldering much of the burden.
Published 18 Feb, 2021 10:23am
PM sets one billion sapling plantation target till August 2021
Pakistan

PM sets one billion sapling plantation target till August 2021

  • The government has so far planted as many as 700 million saplings and it plans to plant 350 million more between February and August
  • The prime minister will himself take part in plantation drives in the four provinces by attending events to be organised in this regard to encourage plantation among people
Published 14 Feb, 2021 02:10pm