net zero emissions News

Shell’s Board Faces Personal Liability for Failure to Cut Emissions: Environment Group

A group that won a victory over energy major Shell last year with a Dutch court order to deepen greenhouse gas cuts has warned the company’s board of possible personal responsibility if it fails to implement the verdict. The Hague …

Climate Change Exacerbates Extreme Weather in Europe: Report

Climate change produced another record-breaking year of extreme weather in Europe in 2021, triggering catastrophic flooding and the hottest summer on record, according to scientists at the Copernicus Climate Change Service. Summer temperatures in Europe last year were one degree …

Britain to Write Rules Forcing Companies to Publish Plans for Net Zero Transition

Britain unveiled a new taskforce on Monday to write rules forcing financial firms and listed companies to publish plans from next year for transitioning to a net zero economy by 2050. Last November at the COP26 UN Climate Summit, British …

Net-Zero Holdouts That Stick Out Like a ‘Sore Thumb’

While many large corporations have announced ambitious pledges to achieve net-zero emissions by the middle of the century, their commitments vary and the chances all (or even most) will attain their stated goals remains more than unlikely. Still, when one …

As Climate Disclosures Toughen, Corporate Laggards May Be Vulnerable to Lawsuits

A push by Britain to toughen up corporate environmental disclosures will cast a spotlight on climate change dawdlers as campaigners increasingly turn to the courts to force a speedier transition to a low-carbon economy. Almost 2,000 climate change-related lawsuits have …

Cities Drive Greenhouse Gas Emissions but Can Provide Solutions to Climate Change

The world’s cities are a big driver of planet-warming emissions but can play a major role in addressing climate change in the near future. U.N. scientists on Monday laid out ways to rein in emissions and curb climate change, including …

Zurich Insurance Accelerates Operational Net-Zero Target to 2030 Instead of 2050

Zurich Insurance Group announced it is bringing forward by 20 years its target to achieve net-zero emissions in its operations. It now aims to reach the goal by 2030, after implementing plans announced on March 31 last year to achieve …

U.N. to Hold Companies to Their Net-Zero Pledges With Group of 16 Experts

The United Nations on Thursday announced the members of an expert group that will scrutinize corporate pledges to achieve net-zero emissions, an effort to prevent greenwashing as private sector climate plans proliferate. U.N. Secretary-General António Guterres said the group of …

Environmental Groups Sue TotalEnergies Over Climate Marketing Claims

A group of environmental organizations has filed a lawsuit in France against the country’s largest energy company TotalEnergies, accusing it of misleading consumers about its efforts to fight climate change. The claim, which has been served on TotalEnergies and was …

AIG: Net-Zero Greenhouse Gas Emissions in Underwriting, Investments by 2050

American International Group said it is committing to net-zero greenhouse gas emissions within its underwriting and investment portfolios by 2050. “AIG is focused on the realities of climate change,” said Peter Zaffino, AIG chairman and CEO, in a statement. “The …