business

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 […]

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 […]

By Jessica Corbett Green groups applauded Sen. Jeff Merkley on Wednesday for introducing a pioneering pair of bills that aim to “protect the long-term health and well-being of the American people and their economy from the catastrophic effects of climate chaos” by preventing banks and international financial institutions from financing fossil fuels. “How we invest […]

The bread used to make Subway sandwiches isn’t legally bread. At least that’s what Ireland’s Supreme Court ruled Tuesday after an Irish Subway franchise tried to get out of paying value added tax (VAT) on its foodstuffs. The franchise, Bookfinders Ltd, argued that its bread was a staple food and should therefore be exempt from […]

New Zealand could be the first country in the world to require its major financial institutions to report on the risks posed by the climate crisis. This means that about 200 of the country’s biggest companies and banks would have to report on the impact that extreme weather events or climate polices will have on […]

Georgia Gov. Brian Kemp sued the Atlanta City Council and Mayor Keisha Lance Bottoms Thursday to block a city-wide order requiring face masks in public, in the latest example of how public health has been politicized as coronavirus cases continue to surge across the U.S. Kemp argued that the Atlanta rule is not “legally enforceable” […]

Johnson & Johnson will stop selling its iconic but increasingly controversial talc baby powder in the U.S. and Canada, the company announced Tuesday. The announcement comes as the company faces more than 19,000 lawsuits from consumers who say the product was contaminated with asbestos and caused them or their loved ones to develop cancer, Reuters […]

By Dana Drugmand Two years after internal documents surfaced showing that Royal Dutch Shell, like ExxonMobil, knew about climate dangers decades ago, the oil giant released its latest annual report outlining its business strategy and approach to addressing climate change. Despite clear warnings from scientists, global health experts and even central banks of impending climate-driven […]