Think of them as speed cameras, but for methane. Just like roadside instruments used to identify drivers breaking traffic rules, new powerful satellites are starting to catch oil and gas operators releasing the planet-warming gas into the atmosphere. At least …
European Union lawmakers on Tuesday backed rules requiring thousands of large companies to identify and mitigate human rights abuses like child labor or slavery, and environmental damage by suppliers. The European Parliament’s legal affairs committee voted to approve the draft …
German reinsurer Hannover Re on Wednesday became the third major company to leave a global climate alliance focused on reducing emissions that has faced growing political pressure in the United States. Hannover said in an emailed statement that it was …
Greenpeace and other campaign groups are set to take the European Commission to court on Tuesday, seeking to overturn European Union rules that class nuclear energy and natural gas as climate-friendly investments. The groups are targeting the EU’s “taxonomy,” a …
Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns. As a result of the European …
Zurich Insurance Group AG is leaving a coalition of major insurers that have committed to reach net-zero emissions, the second high profile exit from the group in a matter of days. The Swiss insurer said in a statement that it’s …
Global companies that form alliances to help them to tackle climate change need clear “safe harbor” guidelines from governments to allay fears they could be tripped up by antitrust rules, legal experts said. Hundreds of companies have banded together into …
The Net Zero Asset Owner Alliance (NZAOA) said on Wednesday [March 29] it expects members to make no new direct investments in upstream oil and gas infrastructure projects for new fields, as part of efforts to rein in global warming. …
Munich Re is leaving an alliance of leading insurers that have committed to reduce emissions due to what it says are “material” legal risks, in a move that marks the latest blow to a coalition built by former Bank of …
Britain’s finance ministry set out plans on Thursday to meet its target of becoming the world’s first net-zero aligned financial center, proposing measures to stamp out so-called greenwashing in financial markets and channel cash into sustainable projects. The ministry said …
