greenhouse gas emissions News

Global Initiative Launched to Rate Corporate Carbon Offset Claims

A standard to assess companies’ claims about progress towards internal climate targets and their use of carbon offset credits was launched on Wednesday by a global initiative seeking to bring transparency and confidence to an unregulated market. Many companies have …

Canada’s Explosive Wildfires Damage Forest Set Aside for Carbon Offset Project

Canada’s explosive wildfire season has already pumped millions of tons of carbon dioxide into the atmosphere. Some of that carbon is coming from vegetation burned at a carbon offset project, highlighting the fragility of a tool the world is relying …

As Switzerland’s Glaciers Melt, Alpine Nation Backs Climate Bill With Net Zero Target

A majority of Swiss citizens on Sunday voted in favor of a bill aimed at introducing new climate measures to sharply curb the rich Alpine nation’s greenhouse gas emissions. Final results released by public broadcaster SRF showed that 59.1% of …

Most Nations Aiming for Net-Zero Fail to Meet Targets, Study Shows

A new scientific assessment of government commitments to eliminate greenhouse gas emissions found most lack credibility and would put the world on track to experience catastrophic global warming by the end of this century. About 90% of net-zero plans by …

Environmental Platform Urges 1,600-Plus High-Emitting Firms to Disclose Data

More than 1,600 companies identified by non-profit platform CDP as having the biggest impact on the environment are not disclosing environmental data, it said as it launched its latest campaign to get firms to provide the information. CDP, which has …

TotalEnergies Sues Greenpeace Over Emissions Report

French oil major TotalEnergies has sued environmental group Greenpeace France and climate consulting firm Factor-X over a report claiming the company massively underestimated its 2019 greenhouse gas emissions, Total said on Wednesday. The civil complaint, served on April 28, seeks …

Viewpoint: D&O Market Conundrum — Softening Rates With Rising Claims Severity

Executive Summary: An uncertain economic landscape leading to a rise in claims, decreasing rates, and proposed US Securities and Exchange Commission regulations on environmental, social and governance disclosures (ESG) are just some of the challenges facing directors and officers liability …

Climate Activists Sue EU for Labeling Gas and Nuclear Investments as ‘Green’

Greenpeace and other campaign groups are set to take the European Commission to court on Tuesday, seeking to overturn European Union rules that class nuclear energy and natural gas as climate-friendly investments. The groups are targeting the EU’s “taxonomy,” a …

Chubb Announces Climate-Focused Underwriting Standards for Oil and Gas Extraction

Chubb Ltd. announced new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions, a by-product of oil and gas production that are among the most severe greenhouse gases. Chubb also announced it will …

Climate Change to Cost Germany Up to €900B by 2050: Study

Extreme weather caused by climate change could cost Germany up to 900 billion euros [$957.2 billion] in cumulative economic damage by mid-century, a study showed on Monday, as Europe’s biggest economy seeks climate adaptation measures to cut the damages bill. …