Business

Biden, Congress Set to Clash Over ESG Considerations in Retirement Funds

Biden, Congress Set to Clash Over ESG Considerations in Retirement Funds

The nation’s split Congress and President Joe Biden are set to clash over whether and how much pension fund managers can take social and environmental issues like the climate crisis into account when making investments.  On Wednesday, the Senate voted 50 to 46 to reverse a Department of Labor (DOL) ruling allowing fiduciary retirement fund […]

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    China Approved Two New Coal Plants per Week in 2022, Study Finds

    China Approved Two New Coal Plants per Week in 2022, Study Finds

    Despite warnings from scientists that the world must rapidly cut coal use in order to limit global warming to 1.5 degrees Celsius above pre-industrial levels and avoid the worst impacts of the climate crisis, China approved more new coal plants in 2022 than at any point in the last seven years. That’s the conclusion of […]

    Scientists Identify Plastic as New Threat to Andean Condors in Protected Areas

    Scientists Identify Plastic as New Threat to Andean Condors in Protected Areas

    Plastic is everywhere and now, scientists have confirmed plastic as a new threat to Andean condors even in protected areas of Peru. Research revealed high amounts of plastic in the diets and the regurgitated pellets of these birds. Researchers were studying Andean condor (Vultur gryphus) feeding interactions in Peru when they noticed that samples from […]

    REI to Remove ‘Forever Chemicals’ From Its Products By 2026

    REI to Remove ‘Forever Chemicals’ From Its Products By 2026

    Outdoor retailer REI Co-op has announced new product standards for its more than 1,000 brand partners, including requirements for measuring greenhouse gas emissions and setting goals to reduce emissions; working toward equity with inclusive products and product sizes and equal pricing across sizes; and eliminating all per- and polyfluoroalkyl substances (PFAS) from cookware and textiles by Fall 2024.

    Biden Nominates Businessman With Climate Experience to Run World Bank

    Biden Nominates Businessman With Climate Experience to Run World Bank

    After the current head of the World Bank stepped down early following accusations of climate denial, it seems the U.S. wants to make sure its next leader is ready to face the climate crisis with eyes open. President Joe Biden announced Thursday that the U.S. was nominating business leader Ajay Banga for the role, partly […]

    Union of Concerned Scientists Supports Tripling Social Cost of Carbon in New EPA Estimate

    Union of Concerned Scientists Supports Tripling Social Cost of Carbon in New EPA Estimate

    The Union of Concerned Scientists (UCS) sent a letter on February 13, signed by almost 400 experts including climate scientists and economists, supporting the U.S. Environmental Protection Agency’s (EPA’s) draft issuance to more than triple the so-called social cost of carbon emissions. The social cost of carbon is a dollar figure representing the approximate economic […]