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Environment
Thames Water Creditors Block Emergency Loan Use for Regulatory Fines
Major creditors of Thames Water have issued a firm directive to Britain's water regulator, stating that a proposed £3bn emergency loan cannot be used to settle outstanding fines. The UK's largest water utility, serving 16 million customers,…
UN Plastics Treaty Stalls as Oil Giants Block Global Production Controls
A groundbreaking UN treaty aimed at curbing global plastic pollution has reached an impasse after major oil-producing nations, spearheaded by Saudi Arabia and Russia, blocked proposals to limit plastic production. The negotiations, which…
Four Bin Recycling Programme Set to Transform Council Waste Management in 2024
Local authorities across Britain are poised to implement a standardised four-bin waste collection system, marking a significant shift in domestic recycling protocols. The initiative, spearheaded by Environment Secretary Steve Reed, aims to…
From Waste to Wealth How Food Companies are Transforming Byproducts into Profit
The global food industry stands at a critical juncture where waste reduction meets profit generation. During the recent Thanksgiving period, an estimated 143 million kilogrammes of food, valued at $556 million, was destined for disposal -…
Debt Levels Surge at US Energy Producer Diversified as Investor Concerns Mount
American gas and oil producer Diversified Energy has reported a concerning rise in debt levels, pushing its financial leverage beyond targeted ranges amidst growing investor scrutiny. The company's net debt has climbed to $1.6 billion by…
Shell Wins Dutch Climate Case Appeal in Landmark Legal Battle|
In a significant legal victory, Shell has successfully overturned a landmark Dutch court ruling that had ordered the oil giant to slash its greenhouse gas emissions by 45% before 2030. The Court of Appeal in The Hague determined that whilst…
UK Government Legal Blunder Forces Oil Giants to Admit Licence Error in North Sea Projects
Three major oil and gas companies are poised to acknowledge that the UK government committed a significant legal oversight when granting licences for two substantial offshore developments, marking a crucial moment for future fossil fuel…
BMW wants the ban on petrol and diesel car sales by 2035 to be lifted
BMW has asked the European Commission reconsider its plan to ban all new petrol and diesel engines by 2035.
Oliver Zipse said that the European Union's ban on the sale of zero-emission cars was a response to the "trend towards pessimism"…
Starbucks New CEO Brian Niccol Faces Criticism Over Private Jet Commute
Starbucks' incoming chief executive, Brian Niccol, has faced criticism for his unconventional commuting arrangement. According to his offer letter, Niccol is not required to relocate to Starbucks' Seattle headquarters; instead, he will…
Drax Power Station: UK’s Largest Carbon Emitter Despite £22bn in Clean-Energy Subsidies
The Drax power station in North Yorkshire has come under scrutiny following a report from the climate thinktank Ember, which revealed that the biomass-fuelled plant was the UK's single largest carbon emitter in 2023. Despite receiving over…