By Karen Perry Stillerman Tyson Foods is the nation’s largest (and world’s second largest) meat and poultry producer. It operates 110 processing plants with 121,000 employees in the United States and boasted $42 billion in revenue in 2019, putting the publicly traded, Arkansas-based company at #79 in the Fortune 500. As it seeks to maintain […]
After ongoing pressure from environmental groups and Indigenous communities, Bank of America has said it will not finance any oil and gas exploration in the Arctic, making it the last major U.S. financial institution to do so. The decision is especially significant because outgoing President Donald Trump has opened up the Arctic National Wildlife Refuge […]
By Amol Mehra Set against rising calls for action to combat growing inequality and the climate crisis, the COVID-19 pandemic underscores the importance of the key drivers of industry and economic reform: workers, communities and the environment. The crisis has laid bare the perils of relying on purely market-based approaches. This should not be a […]
By Hyejune Park and Cosette Marie Joyner Armstrong A massive force is reshaping the fashion industry: secondhand clothing. According to a new report, the U.S. secondhand clothing market is projected to more than triple in value in the next 10 years – from US$28 billion in 2019 to US$80 billion in 2029 – in a […]
By Brett Wilkins Regulators in New York state announced Thursday that banks and other financial services companies are expected to plan and prepare for risks posed by the climate crisis. In a letter to banks and other financial businesses, New York State Department of Financial Services (NYDFS) Superintendent Linda Lacewell said that “climate change poses […]
Exxon Mobil will lay off an estimated 14,000 workers, about 15% of its global workforce, including 1,900 workers in the U.S., the company announced Thursday. Analysts said the layoffs are part of an effort by the beleaguered company to maintain its stock dividend despite sharply reduced demand during the coronavirus pandemic. While other oil majors […]
The world’s largest financial institutions loaned more than $2.6 trillion in 2019 to sectors driving the climate crisis and wildlife destruction, according to a new report from advocacy organization portfolio.earth. For some perspective, portfolio.earth notes that .6 trillion is more than the entire GDP of Canada. The paper, Bankrolling Extinction, found that the world’s largest […]
How does your burrito impact the environment? If you ordered it from Chipotle, there is now a way to find out. The chain on Monday launched a first-of-its kind sustainability tool called the Real Foodprint, which allows customers to see how each of its 53 intentionally sourced ingredients compares to the industry average when it […]
General Motors is reintroducing the gas-guzzling, military-style vehicle known as The Hummer. This time, it’s getting a green makeover as a zero-emissions, fully electric pickup truck, NPR reported. “The irony is not lost on anyone that this former gas-guzzler is coming back as an electric vehicle,” Ivan Drury, Edmunds‘ senior manager of insights, told NPR. […]
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