WASHINGTON (Reuters) - The attorney general for the District of Columbia on Thursday filed a lawsuit against Exxon Mobil Corp , BP Plc, Chevron Corp, and Royal Dutch Shell Plc for “systematically and intentionally misleading” consumers about the role their products play in causing climate change, the latest action by a U.S. attorney general against the oil and gas industry.The lawsuit brought by Attorney General Karl Racine comes a day after Minnesota AG Keith Ellison fil...
(Reuters) - Amazon.com Inc said on Tuesday it will launch a $2 billion venture capital fund that will focus on technology investments to reduce the impact of climate change and support sustainable development. The Climate Pledge Fund will invest in companies across industries such as transportation and logistics, energy, storage and utilization, manufacturing and materials, and food and agriculture, the e-commerce giant said. Amazon, which delivers about 10 billion items a year and has a massi...
LONDON (Reuters) - Investors managing £1.8 trillion ($2.2 trillion) in assets are widening a campaign pressing oil majors to better reflect climate risks in their accounting, and will soon target other businesses with heavy fossil fuel exposure, the group said on Monday.The investors believe their campaign is working, noting the “hugely important” news of BP joining other oil majors in lowering the value of its assets amid a global transition to cleaner energy,...
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 interviews with executives. The plans of companies like BP, Royal Dutch Shell and Total are in step with the European Union’s efforts to transition to a lower-carbon econo...
"The IKEA commitment to become climate positive by 2030 means to reduce more greenhouse gas emissions than the IKEA value chain emits, while growing the IKEA business."
The UN has canceled some meetings in Bonn, Germany, and elsewhere in the run-up to a crucial climate summit in Glasgow scheduled for November.
Dr. Rajan is currently Professor Finance at The University of Chicago Booth School of Business.
The surprise cancellation of Teck's C$20.6 billion project highlights a global struggle to balance energy growth with environmental concerns.
Bezos pledged nearly 10% of his net worth to the new Bezos Earth Fund.
As the visible impacts of climate change have mounted in recent years, so too have calls to abandon the industries blamed for causing them. Traditionally, fossil fuel companies have borne the brunt of climate activism, but public ire has lately spread far
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