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Climate
WWF shelved River Wye pollution report to keep Tesco happy
The Observer has learned that the wildlife charity WWF-UK has shelved an important report warning of the damage caused by intensive chicken production to the River Wye.
Tesco has donated more than £6m to the charity since 2018. Tesco has…
Shell criticised by Europe’s largest asset management company over climate policy
Amundi, Europe's biggest asset manager, has joined 26 investors in demanding Shell improves its environmental targets during its annual meeting. This is the largest shareholder push for climate policy that the oil and gas company faces.…
The world’s renewable energy capacities grew at a record pace in 2023
According to the International Energy Agency, the growth of renewable energy capacity in 2023 was the fastest in the past 20 years. This could help the world reach a major climate goal by the end the decade.
According to the IEA,…
Carbon price falls as investors worry about ‘weak impact’ of COP28 agreement
Carbon prices dropped to their lowest level in 14 months because traders were not convinced by the COP28 Summit agreement for meaningful climate action from governments.
The carbon futures market in London, which follows the EU's emissions…
UAE launches $30bn Investment Fund at COP28
According to sources familiar with the situation, the United Arab Emirates will launch a $30bn fund to invest in climate change with BlackRock TPG and Brookfield.
The UAE is launching the campaign to boost its credentials as the host of…
China’s methane policy is a’starting play’ ahead of the UN climate summit
China, the world's biggest producer of methane (a powerful global warming gas), has played an "opening move" before the UN Climate Summit by promising to track and reduce harmful emission from the gas.
In a Tuesday statement, China…
Denmark says EU farmers should be responsible for carbon emissions.
The Danish climate minister said that EU farmers must pay for their greenhouse gases emissions. This comes as Brussels struggles with reining in a sector which is projected to be the biggest polluter of the EU by 2040.
Lars Aagaard…
EU and UK ban foreign fossil fuel project subsidies
According to sources familiar with the issue, the UK and EU are pushing the richest countries in the world to stop subsidizing foreign oil and gas production and coal mining. This will happen at a closed door OECD meeting scheduled for next…
ExxonMobil’s $60 billion oil bet is a contrarian move.
Darren Woods, ExxonMobil's chief executive, has been arguing for years that oil and natural gas will continue to be a major part of the global energy mix despite attempts to reduce emissions from burning them. He bet $60bn on the…
Breakthrough Fund, backed by Bill Gates, targets third $1bn in capital raising
Breakthrough Energy Ventures, a company founded by Bill Gates and backed with $1 billion in investment capital, is looking to raise an additional $1 billion for its latest fund. The money will be used to invest in technology and companies…
Russia opposes plan to phase-out fossil fuels
Russia warned that it would oppose any global agreement to reduce fossil fuel use, amid tensions between Russia and the west following Moscow's invasion in Ukraine. This could derail the UN Climate Summit this year.
A large group of…
The EU candidate for climate chief is calling for global carbon taxes
The EU's nominee for climate chief proposed taxing all fossil fuels, including those used in the shipping and airline industries, to raise money for a fund that would help countries affected by carbon pollution.
Wopke hoekstra, former…
Rosebank, a new North Sea oilfield, will bring billions to the Treasury
Ministers say that the development of Britain's biggest untapped oilfield in the North Sea would generate billions in tax revenue and boost UK energy security for many decades.
The North Sea Transition Authority approved Rosebank Oil…
EU legislators vote for a sharply increased renewable energy target
The EU has voted to increase renewable energy's share in the EU to over 40% by 2030, and to ease permitting procedures. This comes as solar and wind power groups have warned that they face bankruptcy.
The European Parliament's decision…
BlackRock and Glencore part ways over environmental policy
BlackRock and MFS Investment Management voted both against Glencore’s climate plan during the Swiss miner’s annual general assembly earlier this year. This marked a rare split between the mining firm and two of its biggest institutional…
Montana Youth Climate Plaintiffs Win State Case Over MEPA Limitation
A Montana state judge ruled on Monday that Montana oil and gas policies violate the constitutional rights of young people to a healthy environment. This is a major victory for youth climate plaintiffs, which will likely resonate across the…
Leonardo DiCaprio, Ashton Kutcher back Bristol microplastics startup
Hollywood stars Leonardo DiCaprio, and Ashton Kutcher invested millions in a UK startup that filters microplastics out of washing machines.
Matter, a Bristol-based technology firm, has received $10m (£7.86m). The money will be used to…
Cardiff’s decision to scrap new bypasses has left a Welsh town on a road that leads nowhere
Two traffic signs at the edge of St Ilid's Meadow, a housing development in Llanharan in south Wales, inform drivers that the national speed limit has been imposed. Just beyond the gate, the road abruptly ends at scrubland that has grown…