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Mineral Resources

Apple sued by US group over Congo conflict minerals

Apple has denied the allegations, but a U.S. advocacy group filed a suit in Washington claiming that the iPhone maker uses minerals from the Democratic Republic of Congo or Rwanda. International Rights Advocates, a group based in the United States, filed a lawsuit last year against Apple, Tesla and other tech companies for cobalt sourcing. However, U.S. court dismissed it. In December, French prosecutors dropped Congo's conflict mineral case against Apple subsidiaries citing a lack of evidence. An investigation is ongoing in Belgium into a criminal complaint related to this issue. Apple has denied any wrongdoing as a response to...

Climate Change

Mamdani's reaction to the NYC comptroller's decision to drop BlackRock is a test for Mamdani

Brad Lander, New York City Comptroller, is urging pension fund officials in the city to rebid $42.3 billion to BlackRock due to climate concerns. This is the first major step taken by a Democrat against pressure from Republican allies who support the fossil fuel industry. Lander's tenure in office ends Dec. 31. But his recommendation announced on Wednesday could put Mayor elect Zohran Mamdani under pressure when he assumes office in five weeks. BlackRock has indicated that it will try to retain the business. Mamdani’s appointees are in key positions and will have some influence over the pension boards, which...

Environment

Mamdani faces a test after NYC comptroller's push to drop BlackRock

Brad Lander, New York City Comptroller, is urging officials of the city pension funds to rebid the $42.3 billion managed BlackRock due to climate concerns. This is the first major step taken by a Democrat in order to counter the pressure from Republican allies who support the fossil fuel industry on financial firms. Lander's tenure ends on December 31. His recommendation, which will be announced on Wednesday, puts Mayor-elect Zohran Mdani on the spot when he assumes office in five weeks. Mamdani’s appointees are in key positions and will have some influence over the pension boards, which decide where to...

Mining

US EPA wants to eliminate tougher limits on soot, but critics warn about health risks

The U.S. Environmental Protection Agency has asked a federal judge to overturn the 2024 soot limit for factories and power plants. Critics have called this a blatant retreat away from one of its most important public health protections in recent years. In a Monday filing, the EPA sided up with 24 states, led by Kentucky, and industry groups, including the National Association of Manufacturers, who sued the EPA in order to overturn the 2024 standard for fine particulate matters, also known as PM2.5. Nearly 91% coal plants currently in operation already meet the new standard. Soot is linked to cardiovascular...

Environment

South Africa: G20 Summit outcome renews commitment towards multilateralism

Cyril Ramaphosa, the South African president, said that Sunday's Leaders' Declaration of this weekend's Group of 20 Summit reflected "a renewed commitment to multilateral co-operation". Ramaphosa was the host of the Johannesburg Summit and pushed the declaration through despite the objections of the United States which boycotted this event. Ramaphosa, who addressed the summit's final ceremony, said that the declaration demonstrated the world leaders' "shared objectives outweighed our differences". Donald Trump, the U.S. president, boycotted the summit on November 22-23 because of the allegations that have been widely discredited - the government in the country with a Black majority persecutes...

Pollution

Tunisians intensify protests against Saied and demand return to democracy

On Saturday, thousands of Tunisians marched through the capital in protest of "injustice" and "repression". They accused President Kais Said of consolidating his one-man regime by using the judiciary. This protest is part of a wave which has been sweeping Tunisia, affecting journalists, doctors and banks, as well as public transport systems. The closure of an environmental-friendly chemical plant was also demanded by thousands. They wore black to show their anger and sorrow over the transformation of Tunisia into "an open-air prison". The protesters held banners that read "Enough of repression", and "No terror, no fear, the streets are the...

Climate Change

Four people are seriously injured after a grizzly attack on a school group in British Columbia

On Thursday, a grizzly attacked a group of schoolchildren and an adult on a British Columbia walking trail. Three children were seriously injured. On Friday, officers were still looking for the animal. The attack took place in Bella Coola, a town on the central coast of Canada’s westernmost province. Residents have been asked to stay indoors until further notice. B.C. Conservation Officer Service posted a Facebook statement saying that despite overnight efforts, the bear had not been captured. According to a statement, the students and teachers were stopped on a trail near a river when the grizzly emerged from the...

Environment

Glass Lewis considers US investment advisor registration to ease criticism

Glass Lewis' top executive has said that the company may register as an investment adviser in the United States. This would expose it to greater regulation, but could also help ease criticisms from Republican politicians and corporate executives over its proxy voting advice. Glass Lewis Chief Strategist Cheryl Gustitus said in an interview with The Washington Post on Friday that "we're seriously considering registering as an investment advisor" at the Securities and Exchange Commission. Gustitus didn't give a time frame for when the company owned by Canada’s Peloton Capital Management, and its Chairman Stephen Smith might make a final decision....

Environment

Andy Home: Aluminum scrap is the new front in the war on critical minerals.

The competition for essential minerals has now reached the lowest part of the metal supply chain. Maros SEFCIOVIC, EU Trade chief, says that aluminium scrap is a strategic commodity. Over a million tons of aluminium scrap is exported from the EU every year. Sefcovic, the European Commission's Director of Communications and Public Affairs, described this as "a measure that is balanced" in order to keep more recyclable materials in Europe. The industry association European Aluminium blames the United States for the price differential created by the country's import duties, which is causing more European scraps to be exported to the...

Climate Change

Two tourists reported dead after being lost in a snowstorm in Patagonian Chile

Media reports said that rescue workers searched on Tuesday for a group who had gone missing during a powerful storm in Torres del Paine National Park in Chile, located in southern Patagonia. The storm killed at least 2 Mexicans. According to T13, one of the victims died after she was evacuated. Guillermo Ruiz is the delegate of the president for Chile's southern Ultima Esperanza Province. He told T13 the first responders are still searching for seven people but bad weather has complicated the search. The tourists are lost in the Los Perros camp of the national park, Ruiz stated. It...

Carbon Emissions

Focus on wildfire prevention at COP30 amid record destruction

Wildfires caused the largest tropical forest losses in 2024 Global warming is expected to worsen destruction Communities put in the center of fire prevention at COP30 By Andre Cabette Fabio The government agencies responsible for the environment and forests in Ecuador, Peru Ghana and Kenya, along with more than 30 environmental and indigenous groups from around the world, signed an agreement that will secure $100 million by 2030. The pledge will initially focus on the Amazon Basin - the largest tropical forest in the world, which is located mostly in Brazil. Fires are raging in forests that were not likely...

Carbon Emissions

German Finance Minister in China: EU will protect its markets if necessary

German Finance Minister Lars Klingbeil spoke about overcapacity on China during his Tuesday visit to Beijing. He also stressed that if no solution is found, the European Union will act. Klingbeil stated: "I made it very clear that, in the event of a need, decisions would be taken at the European level, to better protect our market." "I would like to avoid this, but at the end of the day, Europeans - and we Germans - must not be left behind." Klingbeil's second day in China saw him attend the Party Dialogue, where he discussed the war in Ukraine, German-Chinese...

Europe

Oil & Gas Drilling

The UK government permits some new oil and gas fields but is firm on taxes

The government announced on Wednesday that it will allow oil and natural gas to be produced on existing fields or in close proximity to them, but with certain conditions. It also shattered the hopes of oil and gas producers for an early termination of windfall tax on their sector. During its election campaign in 2024, the Labour government pledged to stop issuing new oil and natural gas licenses. The Department for Energy Security and Net Zero announced that the move on Wednesday allows the government the option to issue new oil and natural gas licenses, if the licences do not...

Environment

The European Parliament backs a year-long delay in the deforestation laws

The European Parliament voted on Wednesday to delay the implementation of the European Union deforestation legislation by an additional year. The European Parliament announced that companies will have another year to comply with the new EU regulations to prevent deforestation. The obligations of the regulation will apply to large operators and traders as of December 30 2026 and to micro and small businesses from June 30 2027. The EU's green agenda is built around the ban on cocoa, palm and other products linked to deforestation. This policy, a world first, aims to stop the 10% global deforestation caused by EU...

Environment

Stellantis Chairman warns that the European auto industry faces an "irreversible demise"

John Elkann, the chairman of Stellantis, warned on Tuesday that Europe's auto industry faces an "irreversible" decline. Elkann, speaking in Turin at an event to mark the beginning of mass production of the new Fiat 500 hybrid small car, said that the entire industry had drafted a package for the European Commission on how to give automakers greater flexibility with emissions targets. This would allow the sector avoid a decline. As part of the review of EU carbon emission regulations for the auto industry, which is scheduled to take place on December 10, the European Commission will present a package...

Western Europe

South America

Environment

Brazil's environment minister and climate summit star faces political struggles at home

Brazilian Environment Minister Marina Silva fought tears while global diplomats applauded for several minutes Saturday at the closing plenary session of the COP30 climate summit. She told the delegates in the Amazon rainforest town of Belem that "we've made modest progress, even if it was modest." Then she raised her fist defiantly above her head. "The courage to face the climate crisis is a result of persistence and collective efforts." The Brazilian hosts were able to release their frustrations in the tense room where many nations expressed their displeasure with a deal which failed to mention fossil-fuels, even though they...

Climate Change

Brazil's Lula claims that'multilateralism wins' despite Trump's opposition

Brazil's president Luiz inacio Lula da Silva said that the G20 climate summit in South Africa, and the COP30 summit in Brazil, show that multilateralism remains alive despite attempts by U.S. Donald Trump to dismantle. "Trump is trying to preach against multilateralism and to reinforce unilateralism. "I think multilateralism is going to win," he said to reporters at the Group of 20 summit in Johannesburg. Lula said that Trump's absence from the summit "didn't really matter" to him. "The G20 is still strong." "We need to put the decisions we made into action," he said. He added that he was...

Environment

The EU objectors to the proposed deal prolong the COP30 discussions

Brazil's COP30 summit was forced to face a crucial day on Saturday after all-night discussions to break an impasse. The European Union had blocked a deal that it felt would not advance efforts to curb greenhouse gases, which are driving global climate changes. The two-week climate conference, billed as an opportunity to demonstrate that nations could still unite to combat climate change in the absence of the United States, was supposed to end on Friday. However the standoff forced the negotiators to work overtime. The Brazilian presidency tried to reach a compromise over a deal which most of the 200...

Fossil Fuels

The EU objectors to the proposed deal prolong the COP30 discussions

Brazil's COP30 Climate Summit faced a crunch-day on Saturday, after all night talks to overcome an impass after the European Union had blocked a deal it claimed would not advance efforts to curb greenhouse gases that are driving global climate changes. The two-week climate conference, billed as an opportunity to demonstrate that nations could still unite to combat climate change in the absence of the United States, was supposed to end on Friday. However the standoff forced the negotiators to work overtime. The Brazilian presidency tried to reach a compromise over a deal which most of the 200 countries attending...

Pollution

Draft COP30 deal drops effort for fossil fuel transition agreement

Brazil, the COP30 summit's president, released a draft of a proposed agreement for this year’s U.N. Climate Summit early on Friday. It dropped a proposal that was included in a previous version to develop a plan to move away from fossil-fuels. This issue was one of the most controversial at the two week conference in the Brazilian Amazon city of Belem, attended by nearly 200 government officials. The nations have been arguing over the future for fossil fuels. Their burning releases greenhouse gases, which are the biggest contributors to global warming. The first draft of the deal, which was released...

Environment

Belem in Brazil, the host city of COP30, is trying to boost its economy and preserve Amazon rainforest.

Brazil's economic model is designed to benefit locals from a healthy forest. It was developed on the banks of Guama River, where the city Belem borders the Amazon rainforest. The state government of Para, instead of clearing trees to make way for mines and cattle, unveiled this year a research-and-development program that will help locals turn forest products such as acai or Brazil nuts into goods destined for international markets. The program is a part of a larger plan to demonstrate to the world, in Belem, the host city for the COP30 climate summit, that Brazil can protect the Amazon...

Environment

Fire interrupts negotiations at COP30 Climate Summit, forcing evacuation

Officials said that the fire which forced the evacuation of the COP30 Climate Summit in Belem, Brazil, on Thursday has been put out. However, it is unclear whether delegates will return immediately to continue the negotiations. The Brazilian tourism minister informed reporters on the scene that the fire had been put out and that no one had been injured. However, he was unsure if delegates could return to the area of the venue in which the summit negotiations took place today or tomorrow. The summit organizers confirmed that the fire had been brought under control and added that Brazilian fire...

Carbon Emissions

Brazil's Lula presses COP30 negotiators to reach an early climate agreement

Brazil's President was scheduled to meet with key negotiators on Wednesday at the COP30 Summit as part of a push to reach a deal before schedule on some the most controversial issues in the global talks on climate change, including fossil fuels. Nearly 200 countries have gathered in the Amazonian city of Belem for a two-week U.N. Summit to increase multilateral action on climate change. The United States was absent, but the United States is the largest emitter of greenhouse gases. Brazil, the host country, hopes to break the trend of recent climate summits that have run past their deadlines...

Environment

Launch of UN-backed carbon markets could be delayed by funding issues

Five sources said that plans to launch a U.N. supported global market to trade carbon offset credits hit a snag during the COP30 Summit, as governments struggled to resolve a disagreement over funding in order to get the market running. The U.N. has been trying to create a global carbon market since the early 2000s. At last year's climate summit, rules were agreed on for a U.N. centralised trading system that allows countries and companies to buy CO2 emission credits which represent emissions reductions from poorer countries. It is intended to allow richer countries and companies to count these emission...

Environment

Jamaica asks for $9.5 billion to rebuild after Melissa

Jamaica has spent many years building up a fund to deal with climate-driven disasters. The money was only enough to cover 5% of a storm's cost. Matthew Samuda, Jamaican cabinet Minister, said that Hurricane Melissa left the island with bills of $10 billion. Of this amount only $500 million could be covered by climate-preparation reserve funds. Jamaica has asked wealthy nations to offer urgent grants, investments and concessional financing at the COP30 Climate Summit in Belem. It does not want commercial rate loans, which would burden the country with additional debt, as it faces an uncertain future that is expected...

Energy Markets

Brazil's slow shuffle climate negotiations at COP30 turns into a sprint

Brazil hopes to reach an early agreement at the COP30 Climate Summit on some of its most controversial issues after revealing a bold strategy of negotiation that kept delegates working until the wee hours of Tuesday morning. The two-week Belem summit, which took place in the Amazonian city, brought governments from around the world together to reinforce the U.N. framework for global action that aims to stop rising temperatures and deal with their damage. Brazil, the host nation, wants to reach a deal in two phases: one on Wednesday that includes items that were too difficult a week earlier to...

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...