Business

Tackling Climate Crisis Will Boost Economic Growth, While Inaction Could Cause ‘Permanent Recession,’ Researchers Say

Tackling Climate Crisis Will Boost Economic Growth, While Inaction Could Cause ‘Permanent Recession,’ Researchers Say

Tackling the climate crisis with bold action will increase nations’ economic growth instead of damaging it as net-zero policy critics have claimed, according to new research from the Organisation for Economic Co-Operation and Development (OECD) and the United Nations Development Programme (UNDP). Ambitious goals and implementing policies to reduce greenhouse gas emissions would lead to […]

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    Trump’s Energy Secretary Chris Wright Tells Fossil Fuel Execs He Wants to ‘Play a Role in Reversing’ Biden Climate Policies

    Trump’s Energy Secretary Chris Wright Tells Fossil Fuel Execs He Wants to ‘Play a Role in Reversing’ Biden Climate Policies

    United States Energy Secretary Chris Wright on Monday delivered a blunt critique of the energy and climate policies of the Biden administration to a group of oil and gas executives, promising a “180 degree pivot.” The former fracking executive is fully behind President Donald Trump’s plan to expand fossil fuel production in the U.S. while […]

    Trump’s DOJ Drops Environmental Justice Lawsuit Against Chemical Plant in ‘Cancer Alley’

    Trump’s DOJ Drops Environmental Justice Lawsuit Against Chemical Plant in ‘Cancer Alley’

    The Trump administration’s Department of Justice (DOJ) has agreed to drop an environmental justice case against the Denka petrochemical plant in Louisiana’s “Cancer Alley.” The Biden-era lawsuit sought to curb chloroprene emissions that are harming surrounding majority-Black communities like Reserve, Louisiana. Filed by the U.S. Environmental Protection Agency (EPA), the lawsuit stated that Denka’s chloroprene […]

    49% of New Buses in EU Were ‘Zero-Emission’ Models in 2024

    49% of New Buses in EU Were ‘Zero-Emission’ Models in 2024

    The transition to cleaner vehicles is progressing in Europe, where 49% of new city buses across EU countries in 2024 were ‘zero-emission’ models instead of fossil fuel-powered vehicles, according to a new analysis from the European Federation for Transport and Environment (T&E). The increase beat the previous year, which found that 36% of new city […]

    EU Announces Clean Industrial Deal, but Green Groups Say ‘There’s Little to Turn Ambition Into Action’

    EU Announces Clean Industrial Deal, but Green Groups Say ‘There’s Little to Turn Ambition Into Action’

    The European Commission has announced a new Clean Industrial Deal it says will help industries like steel and cement make the transition to net-zero emissions. The commission says the sweeping legislative package will boost clean technology companies such as those making electric vehicle (EV) charging stations. However, the EU executive has also weakened environmental reporting […]

    Greenpeace Faces $300 Million Lawsuit That Puts the Longtime Environmental Nonprofit at Risk of Bankruptcy

    Greenpeace Faces $300 Million Lawsuit That Puts the Longtime Environmental Nonprofit at Risk of Bankruptcy

    Greenpeace is being sued by Energy Transfer, a Dallas-based company that is accusing the longtime environmentalist group of having disrupted its business with protests near the Standing Rock Sioux Reservation almost a decade ago. The trial began Monday in North Dakota, and, if successful, the lawsuit could bankrupt the nonprofit. Filed in state court, legal […]

    Solar and Battery Storage Expected to Lead New Electricity Generation Capacity for 2025: EIA

    Solar and Battery Storage Expected to Lead New Electricity Generation Capacity for 2025: EIA

    The U.S. Energy Information Administration has released predictions for 2025 in its latest Preliminary Monthly Electric Generator Inventory report. The organization announced that new utility-scale electric-generating capacity in the U.S. will reach 63 gigawatts (GW), led by additions to solar and battery capacity. The latest report noted that in 2024, utility-scale solar capacity made up […]

    Brazil Joins OPEC+ Ahead of Hosting UN Climate Summit

    Brazil Joins OPEC+ Ahead of Hosting UN Climate Summit

    Brazil’s National Council for Energy Policy has approved the joining of the Organization of the Petroleum Exporting Countries (OPEC+) just months before the country is set to host the United Nations COP30 climate change summit. The approval was in response to a 2023 invitation from OPEC. “OPEC welcomes the decision approved today by the National […]