carbon emissions News

Trump Issues Order to Block State Climate Change Policies

U.S. President Donald Trump issued an executive order on Tuesday that aims to block the enforcement of state laws passed to reduce the use of fossil fuels and combat climate change. The move is the latest in a string of …

Carbon-Capture Pipeline Faces Delay After S. Dakota Eminent Domain Ban

The company behind an $8.9 billion carbon-capture pipeline proposed for five Midwestern states said Wednesday it wants to indefinitely delay its plans after South Dakota passed a law limiting its ability to acquire land for the project. But even as …

Investors With $9.5 Trillion Seek Mandatory Scope 3 Emissions Disclosures

An influential coalition of pension funds and insurance companies holding a combined $9.5 trillion of assets called on regulators to mandate corporate disclosures of so-called Scope 3 emissions. The Net-Zero Asset Owner Alliance said in a report published on Wednesday …

US Supreme Court to Hear Challenge to EPA’s ‘Good Neighbor’ Air Pollution Plan

The U.S. Supreme Court on late last month said it would hear a bid to block the Environmental Protection Agency from enforcing a federal regulation aimed at reducing ozone emissions that may worsen air pollution in neighboring states. Acting on …

Texas Cities Struggle to Quit Coal Power as Demand Rises and Market Incentives Favor Fossil Fuels

Two dates in recent memory have shaped the uncertain future of the Fayette Power Project, a coal-fired power plant near La Grange. First, on March 26, 2020, the Austin City Council approved an emissions-reduction plan that called for its city-owned …

How Much Would Carbon Damage Cost if Corporations Paid for Their Emissions?

The world’s corporations produce so much climate change pollution, it could eat up about 44% of their profits if they had to pay damages for it, according to a study by economists of nearly 15,000 public companies. The “corporate carbon …

Biden’s Carbon Proposal is Unworkable, Power Sector Warns

U.S. power plant owners warned the Biden administration on Tuesday that its sweeping plan to slash carbon emissions from the electricity sector is unworkable, relying too heavily on costly technologies that are not yet proven at scale. Top utility trade …

Markets/Coverages: AXA XL Launches Carbon Emissions Product for Marine Clients

AXA XL in the UK has launched its Excess Emissions Insurance product helping marine clients to manage their environmental footprint and support action on carbon emissions. In partnership with ClimateSeed – a company that provides premium carbon removal and avoidance …

Airlines Urge Co-Operation to Help Curb Emissions

Airlines on Tuesday called for co-operation on a broad front to reach “very tough” emission targets and pledged at the end of a three-day summit to release interim climate targets next year. The International Air Transport Association (IATA), grouping 300 …

California Climate Bills Requiring Broad Disclosures Have National Implications

A pair of California bills requiring large companies to report emissions from across their supply chains and creating more stringent reporting of climate-related impacts could have implications nationwide. Two Legislators from the Golden State this week introduced Senate Bill 253 …