Environment








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North America

Environment

SEC wants to stop monitoring shareholder votes, which is a blow for reformers

The U.S. Securities and Exchange Commission proposed on Wednesday to 'end its oversight of corporate shareholders votes?on topics such as climate change or executive compensation, a move that critics see as a blow to corporate reforms. The move is part of the SEC's broader power shift away from investors and towards corporate managers. It was expected since last month. Wall Street's top regulator has also proposed changes, including the end of a rule that requires companies to produce glossy annual reports. In a recent statement, SEC chairman Paul Atkins stated that the SEC lacked the statutory authority to supervise shareholder...

Climate Change

Google signs largest carbon-removal agreement yet and aims to scale up new model

Google's biggest carbon-removal agreement yet involves backing a Brazilian project run by developer Terradot. The project aims to?cut methane emission from rice farming?and.capture carbon dioxide in the atmosphere. Executives told. It is the largest rock-weathering project in history, covering more than 200,000 acres of land in the southern state Rio Grande do Sul. The goal is to speed up a natural process by which certain rocks absorb CO2 out of the air. Google's head for carbon removal Randy Spock said that the initiative is the first of its kind to combine methane removal and carbon removal. Methane is a "super-pollutant"...

Environment

EU's von der Leyen supports partnership with Canada in an 'openly hostile' world

The head of the European Commission has called on 'Wednesday' for EU countries to form a new partnership with Canada to combat climate change, China and other major challenges. Ursula von der Leyen, in her annual address to the European Parliament at Strasbourg, outlined the priorities of the 27-nation EU in the coming year. She said that the only solution to this problem was for all member states to work together. "Our path is obvious." "Building an independent Europe with the power to act." With Russia's invasion in Ukraine, the 27-nation group faces war at its borders. The 27-nation bloc...

Environment

Canada and EU closer ties

The head of the European Commission will call for solidarity on Wednesday in order to tackle climate change, artificial intelligent and the competition from China. He will argue that no one EU country can face these challenges alone. Ursula von der Leyen, President of the European Commission, will deliver her annual address to the European Parliament at Strasbourg and set the priorities for the EU's 27 member states for the coming year. Officials said that Von?der?der Leyen will emphasize the need to maintain European autonomy in different sectors such as energy, raw materials, and clean technologies. To do this, EU...

Energy Markets

Special Report-How Trump's War on EVs derail America's Auto-factory Revival

Three men were chatting in the local United Auto Workers' hall of Lordstown on a Friday afternoon, May. Normaly, they would be working at the battery plant just a few minutes away. They had been unemployed for the entire year. Last fall, the factory owned by General Motors in South Korea and LG Energy Solution announced that it would stop production in January due to slow sales of electric vehicles. Ultium Cells' joint venture let go 480 workers indefinitely and informed the remaining 850 that they would not be needed for several months. This announcement comes just a few short...

Mineral Resources

Interior Secretary Burgum: US wants to issue deep sea mining permits in a few months

The Trump administration announced on Monday that it was close to approving permits to'mine' the deep sea as part of an broader effort to increase U.S. access to the vital minerals needed across the U.S. economy. Interior Secretary Doug Burgum told a G20 gathering in Houston of energy ministers that the permits could be issued within months, as the administration pursues its strategy of "energy add" to expand the supply chains of the country and its allies. Donald Trump, since returning to office in 2017, has taken steps to bolster the deep-sea mine industry. However, he still hasn't issued operational...

Electric Utilities

Texas penalizes data centers for violating water laws

On Monday, the 'governor' of Texas, a state that is one of the fastest-growing areas for artificial intelligence infrastructure, instructed'state regulators to penalize any data centers who fail to provide details regarding their water usage. Texas, which has halted new data center connections to the state's?electrical grid, pending an assessment of the facilities' water and power use, amongst other issues, re-examines its regulations for server warehouses. Governor Greg Abbott has directed the Texas Water Development Board to "impose legal consequences" to data centers and large water-using entities that fail to report their water usage. Abbott's office issued a statement saying...

Energy Markets

US EPA will undo carbon emissions limits for power plants during G20 meeting

The U.S. Environmental Protection Agency announced Monday rules to repeal former President?Joe Biden?s limits on carbon emission from coal-and-gas-fired power stations and to prevent future climate regulations of these facilities. The move is part President Donald Trump’s effort to undo U.S. Climate Policy, which his administration claims has hampered energy production. The announcement was made at the sidelines of the G20 Energy Ministers' meeting in Houston this week, where global officials will discuss "regulatory efficiencies," expanding baseload power, and energy security. EPA Administrator Lee Zeldin stated that 'new measures to prevent future regulation on greenhouse gas emissions in the power...

Environment

EPA will undo carbon emissions limits for power plants during G20 meeting

The U.S. Environmental Protection Agency will announce on Monday its final 'rule' that will repeal the Biden administration’s carbon emission limits for coal and gas fired?power plants. This is a major part of their broader efforts to undo U.S. Climate Policy that they claim has hindered American energy production. The announcement will take place on the sidelines a meeting of G20 energy Ministers in Houston, where global officials will discuss "regulatory efficiencies," expanding baseload power, and energy security. In June 2017, the Trump administration proposed to repeal rules that were written by former President Joe Biden in order to reduce...

Environment

USDA cuts corn harvest forecast after hot summer weather

The U.S. Department of Agriculture announced on Friday that U.S. farmers will harvest less corn this fall than they had previously anticipated, following hot weather during the summer. Prices recently reached a 'three-year high' due to uncertainty over the size of the crop. Farm diesel fuel is used to run harvesting equipment by farmers. Diesel prices are also at record highs, above $6 per gallon, as they prepare for the harvest of crops in Midwestern fields. Jim McCormick is the chief operating officer of AgMarket.net. He said that "the cost to get this crop out has gotten really expensive." In...

Energy Markets

US court rejects Trump administration's bid to keep Michigan coal plants open

On Friday, a federal appeals court overturned an order of the Trump administration that would have forced a Michigan coal plant to stay open past its scheduled retirement date. According to court documents, a unanimous decision?by a panel of three judges?of the U.S. Court of Appeals for?the District of Columbia Circuit?found that the Department of Energy had exceeded its authority in a rarely-used emergency provision of federal legislation. Michigan challenged the DOE order after DOE instructed that the plant remain online in 2025, shortly before its planned closure. The decision is a blow to the efforts of the administration to...

Environment

US States sue Trump Administration for weakening endangered animal protections

On Wednesday, two U.S. state filed lawsuits accusing President Donald Trump's administration?of illegally weakening federal Endangered Species Act. This landmark law has protected the bald?eagle from the dangers posed by the development. In a?one? lawsuit, states challenged a law that narrowed a definition of harm. This had included habitats where animals were endangered. Oil drilling, mining, and other activities are allowed in these habitats as long as they do not directly harm or kill the animals. Two rules are at issue in the other lawsuit. The first rule "eliminates protections for new threatened species, unless the U.S. Fish and Wildlife...

Europe

Climate Change

World Meteorological Organization reports that river flows in 2025 will be among the lowest in many decades.

The World Meteorological Organization reported on Thursday that 2025 would be one of the driest decades for rivers worldwide. This reflects the declining storage of water across the Earth’s surface, and raises concerns about future supplies. According to the WMO's?State of Global Water Resources Report, terrestrial water storage has been declining for over a decade. This trend has "serious implications for the future" according to the United Nations, as these stocks serve as a buffer for our planet in years of extreme drought. "We're depleting this savings account." In a report released alongside the WMO's latest report, WMO Secretary General...

Climate Change

German Finance Minister demands UniCredit CEO to meet certain conditions regarding possible Commerzbank acquisition

On Monday, German Finance Minister Lars Klingbeil outlined a list of demands to UniCredit CEO Andrea Orcel regarding the possible acquisition of Commerzbank by the Italian bank. The German Ministry of Finance said that these included Commerzbank staying listed on the stock market, maintaining its base in Frankfurt, and continuing to fund German medium-sized businesses?at home as well as abroad. After Berlin failed to stop a takeover, the meeting in Berlin marked an important turning point in the two-year struggle for control of Germany's largest bank. Klingbeil said, "In a productive discussion with Mr. Orcel I made it clear to...

Power Markets

Rosatom, a Russian company, says that a new nuclear power plant in Hungary will be able operate even when the Danube River is low.

The Russian nuclear company 'Rosatom' said Monday that the planned expansion of Paks Nuclear Power Plant in Hungary will be able to run during low water levels on the Danube River. Paks, which provides nearly half of Hungary’s electricity, was only operating at 10% capacity for a few days in August because of record-low river levels and a prolonged heatwave. Alexei Likhachev, Rosatom's head, told reporters that "as everyone knows, it has happened on occasion when the River Danube ran low and additional measures have been taken to ensure water supply." "Our project includes a number?of solutions that allow it...

Western Europe

East Asia

Environment

UN chief raises alarm over AI threat after Trump plays down

U.N. Secretary General Antonio?Guterres warned on Wednesday world leaders?that rapidly evolving artificial intelligence poses risks that?cannot?be ignored. This puts him at odds with Donald Trump, who has argued that existing safeguards are enough. Guterres, speaking ahead of the U.N. General Assembly meeting in New York next week, told reporters that the need for stronger supervision would be the major focus of his discussions with the global leaders who will be visiting the city. Guterres said, "We cannot ignore the concerns raised by those who are at the forefront of AI development." "The first duty of any government is to protect...

Pollution

UN chief raises alarm over AI threat after Trump plays down

U.N. Secretary General Antonio Guterres warned leaders of the world on Wednesday that the rapid advancement of artificial intelligence poses serious risks that can't be ignored. This puts him at odds against President Donald Trump, who argues that "existing safeguards" are adequate. Guterres, speaking?ahead? of the U.N. General?Assembly meeting in New York next week, told reporters that the need for stronger supervision would be the major focus of his discussions with global leaders who are coming to the city. Guterres said: "We cannot ignore the concerns raised by those who are on the frontlines of AI development, in particular." "It...

Environment

Iceland's last whaling firm shrugs off threats of permanent ban

Iceland's only active whaling firm?believed it could survive another?push for a ban, given previous?attempts at outlawing whale?hunting have repeatedly failed. Last week, the?government?said it would introduce a bill that could permanently end whaling in February. This would be a move to put an end to an industry that is still allowed in only three countries: Japan, Norway, and Australia. Loftsson said on Monday that "in the past decades, there have been a few attempts to ban whaling in parliament, but they all failed." "I believe that whaling is well supported in Iceland." Iceland's parliament received a similar bill in October...

Environment

Report: Himalayas nearing tipping point; millions of livelihoods on the line

According to a study released earlier this month, the Himalayas is approaching a tipping-point as 'glaciers' melt faster now than they did a decade before. This threatens?water security, as the region is expected to reach "peak water" in the mid-20th century. The?findings?follow the collapse of an Himalayan Glacier in late August, along the Nepal-Tibet Border. This caused flash floods and cascading land slides in the valleys beneath. More than 5,300 people are missing in Nepal and China’s Tibet region. At least 1,300 deaths have been confirmed. The study concluded that as glaciers retreat they leave behind unstable glacial ice lakes,...

Environment

Health ministry: Indonesian wildfires double respiratory infections in a single week

Data from Indonesia's Health Ministry showed that respiratory infections due to hazardous?wildfire air pollution have doubled in a little over a week. The Indonesian archipelago has been hit by fires that have ravaged vast stretches of peatland and forest. This has caused hazardous emissions, especially in the provinces of Sumatra, and Borneo. The wildfire season this year is the worst in 11 years, as "super El Nino" weather conditions cause temperatures to rise and droughts to be punishing. The country is responsible for one-third of global fire emissions. According to statistics presented at a press briefing by Widyawati, spokesperson for...

Environment

Health ministry: Indonesian wildfires double respiratory infections in a single week

Data from the Indonesian health ministry on Thursday showed that respiratory infections due to hazardous wildfire smoke pollution have doubled in just over a fortnight. The Indonesian archipelago has seen fires rage across vast tracts of forest and peatland, which have caused hazardous emissions to "surge", notably in the provinces most affected on the islands Sumatra, and Borneo. The wildfire season this year is the worst in 11 years, as "super El Nino" weather conditions cause temperatures to rise and droughts to be punishing. The country's fire emissions now make up a third the total global. According to statistics presented...

Energy Markets

China's August imports of iron ore exceeded expectations as typhoons delayed July customs clearance

China's iron ore imports rose by 0.4% in August compared to a month ago, defying analyst's expectations of a drop, after multiple typhoons hit ports and delayed clearance. Data from the General Administration of Customs revealed on Tuesday that the world's biggest iron ore consumer imported 108.54 metric tons of this key ingredient for steelmaking last month. This is a 3.1% increase from the previous year. Four analysts predicted August ore imports between 107 and 108 millions tons before the release of data. Steven?Yu is a senior analyst with Mysteel. The monthly increase in ore imports could be due to...

Environment

EU proposes a ban on exports of waste, including aluminum scrap, to non OECD countries

Sejourne’s 'cabinet' released a statement on Friday stating that the EU's Industry Chief Stephane 'Sejourne decided to propose a 'broad ban' on the export of wastes, including aluminum scrap, 'to non-OECD nations'. Sejourne was expected to announce long-awaited measures for trade on September 23. These would only limit exports of aluminum scrap. In the internal discussion, it was revealed that the tool could only cover?around half of the scrap import. The Executive Vice President has withdrawn the proposal in order to look at a different proposal that is independent of trade instruments. We are currently working on a?act delegated under...

Climate Change

The chances of finding survivors are fading a week following the devastating Nepal flood

Authorities said that the chances of finding survivors among the thousands who are still missing in Nepal have dwindled. This is a week after flash floods in the Himalayas caused the destruction in the mountainous nation. Nearly 4,000 people are still unaccounted for. Officials fear that many of them may be buried beneath the debris from the floods which ravaged towns and valleys close to the Chinese border. China's official death toll in Tibet has remained at 16 since Sunday, with 546 still missing. Phanindra paudel, a senior government official from the National Emergency Operation Center(NEOC), stated that "the hope...

Oil Refineries

Can the Middle East help with Asia's low refined fuel imports? Russell

In August, the crisis caused by the conflict in Iran in Asia's supply of refined fuels continued. The region that imports the most refined fuels dropped to its lowest level since the start of the war. According to data compiled by Kpler - a commodities analyst - Asia's imports for light and middle distillates in August were estimated at 5,10 million barrels a day (bpd), down from 5.61 millions bpd during July. Imports have dropped by about 2 million bpd from the 7.06 million bpd average in the three months prior to February 28, when Israel and the U.S. launched...

Environment

Nepal, hit by devastating floods and renewed calls for Chinese data on early warnings

Experts and officials from Nepal and China met in Kathmandu three months before the wall of water, rock and mud that hurled down a Himalayan valley bordering Nepal and China killed hundreds. The agenda for the meeting, which took place in the capital of Nepal on May 27, included 10 Nepalese officials and 12 Chinese officials, including those from the Tibet region, where the disaster occurred. They discussed ways to strengthen cooperation between the two countries to monitor and respond effectively to hazards such as floods, bad weather, and glacier-related hazards. Participants called for joint measures to reduce risk, such...

Pollution

Nepal requested early warnings from China before the flood disaster.

Experts and officials from Nepal and China met in Kathmandu three months before the wall of mud, water and rock that 'hurt down' a Himalayan Valley bordering Nepal and China killed hundreds. The agenda for the meeting, held in the capital of Nepal on May 27, included 10 Nepali officials and 12 Chinese officials, including those from the Tibet region, where the disaster occurred. They discussed ways to strengthen cooperation between the two countries to monitor and respond effectively to hazards such as floods, bad weather, and glacier-related hazards. Participants called for "joint measures to reduce risk, including inventories and...