Climate Change








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Climate Change

US announces new approach to proxy disputes, seen by activist shareholders as a blow

On Monday, the top U.S. financial regulatory body changed the grounds for which companies can request permission to skip voting on shareholder resolutions. This is seen as making things more difficult for activists who want to force votes about controversial topics like climate change or workplace diversity. The Securities and Exchange Commission announced on its website that it will no longer rule on common proxy objections such as whether or not an activist's request was filed late, or if the filer owns enough shares. The SEC stated that there is an exception if a company claims jurisdictional reasons, such as...

Environment

Environmental group: Tyson Foods will stop making carbon emission claims

Tyson Foods agreed to cease claiming it would reach zero greenhouse gas emissions by the year 2050, and to stop marketing beef as climate-friendly in order to settle a suit that accused the U.S. Meat Company of misleading consumers. The nonprofit Environmental Working Group announced this on Monday. The Environmental Working Group reported on Monday that companies have been accused of "greenwashing," where they present an image of environmental responsibility to the public. In the lawsuit filed by Environmental Working Group, Tyson's Brazen Beef brand was cited as an example of misleading advertising. The company claimed that this was the...

Climate Change

USDA targeted grants for cancellation by searching for terms such as 'diversity' and 'climate modelling'

Documents seen by have revealed that the U.S. Department of Agriculture asked its staff to search for over two dozen words and phrases relating to climate change and diversity in order to determine which grants could be terminated during the first months of the second Trump Administration. This effort was part of a broader campaign among federal agencies in order to comply with President Donald Trump’s directives that diversity, equity and inclusivity efforts and climate regulations be eliminated within the federal government. Trump called DEI "racist", "illegal", and pressured private institutions like universities to end diversity practices. Climate change has...

Climate Change

USDA targeted grants for cancellation by searching for terms such as 'diversity' and 'climate modelling'

Documents seen by have revealed that the U.S. Department of Agriculture asked its staff to search for over two dozen words and phrases relating to climate change and diversity in order to determine which grants could be terminated during the first months of the second Trump Administration. This effort was part of a broader campaign among federal agencies in order to comply with President Donald Trump’s directives that diversity, equity, and inclusion efforts as well as climate regulation be eliminated within the federal government. Trump called DEI a "racist" practice and said it was "illegal". He also pressed private institutions...

Climate Change

US Arctic policy overhauled by Trump sees departure of US Arctic research official

A senior Alaska Native official, who was responsible for overseeing the federal agency that is in charge of U.S. Arctic research policy, quietly left her position in the last few days. This information comes from a source with knowledge of the issue and documents seen. The departure of Elizabeth Qaulluq Cravalho who was a member of the U.S. Arctic Research Commission (USARC) until earlier this month is the latest indication of the turmoil in the Arctic research community and the policymaking process since Republican U.S. president Donald Trump assumed office in January. Sources say that the exact nature of Cravalho's...

Climate Change

Alaska sues over aerial bear hunting to protect caribou

On Monday, environmental groups sued Alaska’s wildlife authorities to stop a predator-control plan that allows game wardens to hunt an unlimited number of bears using helicopters in a vast area where a protected herd of caribou roams. The groups claim that the Board of Game reinstated the program, without taking into account the impact on grizzly bear and black beaver populations. This is a violation of Alaska's wildlife conservation provisions. The suit was filed in the state district court of Anchorage. It claimed that state fish and games agents had killed 175 black bears and 175 grizzlies since 2023 under...

Climate Change

China's Vice Premier urges the end of trade barriers that are holding back green transformation

Ding Xuexiang, vice premier of China, called on fellow leaders to show "true multiculturalism" at the climate summit held in Brazil. Ding, via a translation, said: "We must strengthen international collaboration in green technology and the industry, remove trade obstacles, and ensure free flow of high-quality green products, to better meet global sustainable development needs." Ding told the official Xinhua News Agency on Friday that the developed countries must fulfill their obligation "to lead in emission reduction and honour their funding commitments", as well as provide more assistance to developing countries. He said that China was willing to work with...

Energy Markets

Brazilian startup becomes Google's top supplier of carbon credits after Google deals with Amazon for reforestation

Google's biggest deal to remove carbon emissions involves financing the restoration of Amazon rainforests with Brazilian startup Mombak. This comes as big tech searches for high-quality credits that can offset emissions from energy-hungry data centres. Companies said the deal would offset 200 metric tons carbon emissions. This is four times more than a pilot agreement signed in September 2024 between Google and Mombak, its sole supplier of forestry credits. Both companies declined comment on the deal's value. The agreement shows how big tech wants to mitigate the climate impact of its massive investment in data centers that use a lot...

Pollution

Budget plan: Canada could remove oil and gas emission cap

The government revealed in its budget plan for the first budget of Prime Minister Mark Carney that Canada may scrap the cap on oil-and-gas emissions and replace it with other measures, such as industrial carbon pricing or the deployment of technology to capture and store carbon. In the climate plan that was part of the first budget of Prime Minister Mark Carney, it said the cap would be no longer needed because its value would be marginal. The Canada's emission cap is not being enforced by legislation, and it will not take effect before 2030. Canadian oil and natural gas...

Environment

Budget plan: Canada could remove oil and gas emission cap

The government revealed in its budget plan for the first budget of Prime Minister Mark Carney that Canada may scrap a cap on gas and oil emissions if other initiatives like carbon markets, stronger regulation, and carbon capture and storage technology prove successful. In the climate plan that was part of the first budget of Prime Minister Mark Carney, it said the cap would be no longer needed as its value would be marginal. The Canadian emissions cap is not legally enforced and will not take effect until 2030. However, Canadian oil and natural gas companies have condemned it because...

Environment

IDB announces first Amazonia Bonds and expects Brazil to follow in

Inter-American Development Bank's (IDB) first Amazonia Bond raised $100 million to combat deforestation, boost local communities and support them, according to its chief. Other countries will follow soon. The coupon rate for the five-year bond is 3.802%. Ilan Goldfajn, President of the IDB, said that the operation is the start of a plan for the IDB to issue bonds up to $1 billion "over time." He added that the Brazilian government has told them they intend to issue similar bonds using the same framework developed by the IDB and the World Bank. Brazil's Treasury said that "studies are underway" to...

Environment

Brazil Supreme Court affirms the legality of soy moratorium, traders' group claims

The grain traders group Abiove said that the vote of Brazil's Supreme Court, which took place on Monday, recognising legality and effectiveness of the soy-moratorium, a corporate agreement under investigation by Brazil’s antitrust agency, confirms its legitimacy and efficiency. Why it's important The ruling by Supreme Court Justice Flavio DiNo supports a longstanding corporate environment agreement that prohibits soybean traders from purchasing from farmers who cleared land from the Amazon rainforest in July 2008. It also shapes the soy trading in Brazil, which is the world's biggest soybean exporter. CONTEXT The soy ban was intended to reduce deforestation by limiting...

Europe

Climate Change

Australian Energy Minister pushes for COP31 to be hosted at Brazil Climate Summit

Chris Bowen, Australia's energy minister, said he will travel to Brazil on Saturday for the COP30 summit to press Australia to host the summit next year. This is despite a dispute with Turkey over hosting rights. Since then, both Australia and Turkey have refused to compromise on the issue. This month, Australian Prime Minister Anthony Albanese wrote to Turkish President Tayyip Erdoan in an effort to resolve the longstanding tussle. Bowen told reporters at Sydney Airport that a decision would be taken at COP30. He also asserted "Australia has the overwhelming backing of the world" to host the conference next...

Climate Change

Australian Energy Minister pushes for COP31 to be hosted at Brazil Climate Summit

Chris Bowen, Australia's energy minister, said he will travel to Brazil on Saturday for the COP30 summit to press Australia to host the summit next year. This is despite a dispute with Turkey over hosting rights. Both Australia and Turkey bid in 2022 for the United Nations Climate Conference and have refused to give up their positions ever since. This month, Australian Prime Minister Anthony Albanese wrote to Turkish president Tayyip Erdoan in an effort to resolve the longstanding dispute. Bowen stated in a press release that he will advocate strongly for Australia at the summit to be held in...

Climate Change

Carbon tax and Iceland's outage threaten to cause panic among EU aluminium buyers

After an outage in Iceland at a major smelter, European importers of aluminium are scrambling to secure supplies before the new carbon tax is implemented. This has pushed premiums up to their highest level in nine months. The European Aluminium Duty-paid Premium, which buyers pay on the physical market over the London Metal Exchange to cover taxes and freight, is currently $324 per ton. On November 3, it reached $330, the highest level since late January. Due to electrical failure, the 320,000-ton per year Grundartangi Smelter, owned by Century Aluminum in Iceland, reduced production by two thirds at the end...

Western Europe

South America

Carbon Emissions

Demand for carbon credits is fueled by the Big Tech industry

The demand from tech giants for high-quality credits to offset their AI emissions is fueling a shortage, which experts say is what's needed to stimulate investment in this nascent industry. Credits tied to forest preservation projects will be nearly four times as expensive in 2024 due to heavy purchases by companies such as Microsoft and Google over the past two years. Credit experts report that Big Tech collectively has spent hundreds of millions on carbon removals which capture and store CO2 for an extended time, a large portion of this in the past two years. According to CDR.fyi, the total...

Climate Change

Can COP30 help frontline resilience in the face of more heat and storms?

COP30 discusses how to measure climate adaptation and pay for it Farmers say that they are not receiving enough climate funding Extreme weather events are increasing and requiring more funding for adaptation. Clar NiChonghaile This kind of climate change is not uncommon in Parana, where the summers are now hotter and the winters colder. Droughts have also become more frequent. Six people were killed by a tornado that struck Rio Bonito do Iguacu, Parana on November 7. Bevilacqua Mendonca (35), wants COP30 to do more for smallholder farmers to adapt to extreme weather by providing them with funds to access...

Climate Change

Study finds that deforestation in Brazil’s Cerrado region reduces soybean production potential

According to a study published on Monday, clearing land for agricultural purposes in Brazil's Cerrado tropical Savanna region leads to drier conditions which ultimately harm soybean yields. The study was first shared with and argues that falling yields drive farmers to clear more land. This further accelerates degradation of Brazil's largest biome, the Amazon, and hinders conservation efforts. Zero Carbon Analytics released a press release detailing the findings of their study. "Our new analyses found that farmers clearing native vegetation to plant soy have climate impacts far beyond the cleared areas," the group said. Brazil's Cerrado Region covers more than...

Pollution

Climate protesters swelter in Brazilian sun outside COP30 summit

On Saturday, thousands of climate activists marched peacefully through the Brazilian city Belem to call for more action in order to protect the fate and future of the planet. They also vented their anger towards governments and fossil-fuel industries. Negotiators have reached the halfway mark of the marathon COP30 Climate Summit, which aims to put years of promises to action in order to stop global warming and provide support for those who are most affected. Indigenous people, youth activists, and civil society groups sang, played musical instruments, and waved banners in the sweltering heat. Marina Silva, Brazil's Environment Minister, addressed...

Climate Change

Brazilian protesters barricade the entrance to the COP30 Climate Summit

On Friday morning in Brazil, dozens of indigenous protesters blocked the entrance of the COP30 Summit venue. They staged a sit-in which forced delegates into a side door to resume their climate change negotiations. During the peaceful protests, security guards increased checks, and long queues formed to get into the compound. The sprawling complex is built on an old airport site in the Amazonian city of Belem. The venue hosts the annual U.N. Climate Conference where delegates of 195 countries are trying to make progress in halting global temperature rises that threaten delicate ecosystems, including the Amazon rainforest. The protesters...

Environment

Brazilian protesters barricade the entrance to the COP30 Climate Summit

On Friday morning in Brazil, dozens of indigenous protesters blocked the entrance of the COP30 Summit venue. They staged a sit-in which forced delegates into a side door to resume their climate change negotiations. Security was stepped up during the peaceful protest and long queues of delegates waited to enter the sprawling complex, built on the former site of the old airport of the Amazonian city of Belem. The protesters demand that the Brazilian Government halts all development projects within the Amazon region, including mining, oil drilling, logging and building a new railroad for the transportation of mining and agricultural...

Environment

Indigenous protesters defend summit intrusion as climate talks continue

On Wednesday, indigenous protesters defended the charging of the gates at Brazil's COP30 summit on climate change and the clash with security a few days earlier. They said the action was meant to demonstrate the desperation in their fight for the protection of forests. The protesters said they were mainly concerned about having their voices heard. They had been inside the compound listening to negotiators discussing the changing world as the temperatures increase. Auricelia is a member from the Arapiun tribe in Para state, Brazil, which hosts the Belem summit. She said that the protest was aimed at attracting the...

Climate Change

Iceland's view of the Atlantic Ocean current collapse as a security and existential risk

Iceland's climate minister said that the government has classified the collapse of an Atlantic Ocean current as a threat to national security and an existential concern, which allows it to plan for worst-case scenarios. Warm water is brought from the tropics to the Arctic by the Atlantic Meridional Overturning Circulation (AMOC). This warm water flow helps keep Europe's cold winters mild. Scientists warn that the flow of the Atlantic Meridional Overturning Circulation (AMOC) could be disrupted by the cold water from Greenland melting the Arctic ice. The collapse of AMOC would trigger a new ice age in which winter temperatures...

Climate Change

Security clashes with protesters as they force their way in to the COP30 summit venue

On Tuesday, dozens of indigenous protesters forced themselves into the COP30 Climate Summit venue and clashed violently with security guards. The protesters shouted angrily and demanded entry to the U.N. compound, where thousands of delegates are attending the U.N. Climate Summit this year. Some carried flags or signs that said "Our land is not for Sale" or slogans urging land rights. A leader of the Tupinamba tribe, located near the lower reaches Tapajos River on the Brazilian coast, expressed his displeasure at the ongoing development. Gilmar, a man who goes by only one name, said: "We cannot eat money." "We...

Environment

Raoni, an indigenous leader from the Amazon region, says that Brazil's infrastructure plans are a threat to the Amazon forest.

Raoni Metuktire, a 93-year-old indigenous leader, has urged Brazil to empower natives in order to preserve the Amazon rainforest. She also warned that the plans to build infrastructure are a direct danger to the forest and the people who live there. In an exclusive interview with The Telegraph on Tuesday, Chief Raoni, a leader widely known as the chief of the Raoni tribe, warned that the proposed rail projects, oil wells and highways will harm people around the world. "These projects continue to destroy rivers and land. It's not good. Raoni, who spoke in his native Kayapo language with his...

Environment

Jamaica and Small Islands warn COP30 of the importance of 1.5 as a "lifeline".

The COP30 Climate talks begin in Brazil this Week Small island states are pushing for a new push to 1.5C. The discussion will also include how to pay climate damages Clar NiChonghaile UnaMay Gordon is a former director for climate change at the Jamaican Government and advisor to the Caribbean Community Climate Change Center that coordinates climate action. We lost our cultural heritage. 300-year old churches are gone. It also took a part of our own identity with it. Gordon told reporters that "people are hurting". According to Jamaica's Prime Minister, the strongest storm ever to hit the island left...

Environment

Scientists warn that the endangered Humboldt Penguins of Chile are at risk of further decline.

Scientists in Chile warned that the population of Humboldt Penguins, which is one of only a few species to live on rocky coastlines in temperate areas, was at risk of further decline after the species was declared endangered. Scientists at the Universidad de Concepcion estimate the number of Humboldt Penguins in Chile has dropped from 45,000 to fewer that 20,000 since the late 1990s. The species is considered vulnerable by international organizations, which prohibits commercial trade. But late last month Chile’s Environment Ministry reclassified it as “endangered.” Biologists are concerned that the numbers of seabirds will continue to decrease. The...