net zero emissions News

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 …

A Greenwashing Lawsuit Against Delta Aims to Set a Precedent

As tranquil instrumental music plays over gauzy images of nature, a woman’s voice-over begins. “Isn’t it a paradox,” she wonders aloud, “that the love for this world that gets us out in it, sometimes leaves behind the things that can …

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 …

Stellantis, GM Pay $363M in Fuel Economy Penalties

Chrysler parent Stellantis and General Motors paid a total of $363 million in civil penalties for failing to meet U.S. fuel economy requirements for prior model years, documents seen on Friday by Reuters show. The record-setting penalties include $235.5 million …

ANALYSIS – Breakup of Insurers’ Climate Coalition Driven by U.S. Regulation Fears

The success of Republicans in triggering the breakup of a coalition of insurance firms aimed at tackling climate change is down to U.S. states being the industry’s primary regulator, interviews with industry executives and former officials show. The U.N.-backed Net-Zero …

Delta Air Lines Faces Proposed Class Action Over Carbon Neutral Claims

Delta Air Lines is facing a proposed class action lawsuit over advertising touting the U.S. carrier as carbon-neutral, according to a complaint filed on Tuesday in California federal court. The complaint, filed on behalf of a California resident who bought …

Update: List of Insurers Exiting Climate Group Grows, Including Lloyd’s, Tokio Marine

The list of firms walking out of the Net Zero Insurance Alliance continued to grow this week, adding to an exodus as the industry struggles to navigate anti-ESG attacks led by the Republican Party. The latest round of defections includes …

Climate Alliance Sounds Alarm on ‘Political Attacks’ on Insurers

“Political attacks” are interfering with insurers’ efforts to price climate risks, the Glasgow Financial Alliance for Net Zero said on Friday, after a wave of insurers quit an industry climate group following pressure in the United States. “These political attacks …

UPDATE: ESG-Bashing Triggers More Defections From Insurer Climate Group

The world’s biggest climate alliance for insurers has started hemorrhaging members, after Republican attorneys general accused the group of antitrust violations. On Thursday, French insurers AXA SA and SCOR SE, as well as Allianz SE of Germany, became the latest …

Lloyd’s of London CEO Neal Calls for Rethink of UN Climate Alliance Rules

A global climate alliance for insurers needs to make its membership rules less prescriptive or risk falling apart, the boss of Lloyd’s of London said after political pressure from some U.S. states prompted some companies to leave. The United Nations …