greenhouse gas emissions News

Shell Faces Climate Change Lawsuit in Dutch Court

AMSTERDAM – Environmental activists took Royal Dutch Shell to court on Tuesday, demanding the energy firm drastically reduce the production of oil and gas to limit its effects on climate change. Seven activist groups, including Greenpeace and Friends of the …

AIA Cuts Coal Investments as Scrutiny Grows on Financial Firms’ Carbon Assets

AIA Group Ltd. said it’s paring coal-related investment as financial firms globally face pressure to reduce their carbon assets. The Hong Kong-based insurer said it decided to end all direct equity investments in coal mining and coal-fired power producers earlier …

Coal Financing Drying Up as More Countries Target Zero Carbon Emissions

TOKYO – Financing for coal projects is drying up at ever increasing rates as more countries target zero carbon emissions amid an energy transition sweeping the world, participants at Asia’s biggest gathering of the coal industry said on Tuesday. The …

Canada’s Banks, Insurers to Participate in Pilot Climate Risk Project

Some of Canada’s largest banks and insurers are set to participate in a pilot project to better understand the risks to the financial system from the transition to a low-carbon economy, Canada’s central bank and financial regulator said on Monday. …

Analysis: Exit from Paris Agreement Creates Climate Liability for U.S. Businesses

The outcome of the U.S. general election is not yet clear. What’s been obvious for months is that climate change was on the ballot, and the U.S. election matters for global climate action. And one thing is certain: The U.S. …

U.S. Officially Becomes 1st Nation to Exit Paris Climate Pact

The U.S. has officially become the first nation to quit the Paris climate agreement, even as the outcome of the country’s presidential race remains undetermined. President Donald Trump, who’s fighting for re-election, moved to withdraw from the landmark environmental accord …

Australian Pension Fund Agrees to Settle Landmark Climate Risk Litigation

SYDNEY — One of Australia’s largest pension funds on Monday agreed to settle a landmark climate risk litigation filed by a 25-year-old member who alleged it was failing to protect his retirement savings against climate change. REST acknowledged in a …

$5 Trillion Investor Group Aims to Align Portfolios with Paris Climate Agreement

Thirty of the world’s largest investors managing a combined $5 trillion said on Tuesday they plan to set targets to lower their portfolio carbon emissions by as much as 29% over the next five years. All members of the Net-Zero …

Vermont House Advances Climate Change Bill to Reduce Greenhouse Gas Emissions

The Vermont House has given preliminary approval to legislation that sets requirements and deadlines for reducing greenhouse gas emissions in the state. The so-called Global Warming Solutions Act was up for final approval on Friday. The bill would require that …

Oil Giant Total Sued by 14 French Cities, NGOs over Failure to Cut Carbon Emissions

Oil giant Total SA is being sued by 14 local governments and a handful of non-governmental organizations in France for not doing enough to reduce its carbon emissions and fight global warming. The legal challenge is the latest sign that …