DIRS.INFO The most relevant business & tech news

To keep Earth from overheating too much, the nations of the world need to put fewer loopholes in climate agreements and far more money — trillions of dollars a year — into financial help for poor nations, the United Nations climate chief said Friday. In an unusual and blunt lecture at a university in Baku, Azerbaijan, the host city of upcoming international climate negotiations later this year, United Nations Climate Change Executive Secretary Simon Stiell called gains made in the past not nearly enough. Richer nations have promised less than 5% of that amount in climate financial help to poor nations — and they often haven't even delivered that much. “It's already blazingly obvious that finance is the make-or-break factor in the world's climate fight,” Stiell said. “The time has passed for business-as-usual in all aspects of the world's climate fight,” Stiell said.

Persons: Simon Stiell, “, Stiell, Richer, “ It's, ” Stiell, Anne Rasmussen, Jean Su, Su, Joanna Depledge, ___ Read, Seth Borenstein Organizations: United Nations, United, Climate Finance, United Arab Emirates, ”, Biological Diversity, Cambridge University, Climate, Associated Press Locations: United, Baku, Azerbaijan, United Nations, China, Nations, Brazil, Grenada, United Arab, United States, England, Dubai, AP.org

☆ What the COP28 deal means for the U.S. as oil and gas production hits record levels
▼ + stars: | 2023-12-13 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

The agreement, known as the global stocktake, was hailed as "historic" by COP28 President Sultan al-Jaber during his closing speech. Samuel Corum | Getty Images News | Getty ImagesU.S. climate envoy John Kerry said Wednesday that the COP28 agreement "sends very strong messages to the world." The fight to end oil, gas and coal must now be taken up at the country level with the United States leading the way. Fossil fuels and climate financeUnder Biden, the U.S. passed the most aggressive climate investment ever taken by Congress, a bill known as the Inflation Reduction Act. Nonetheless, the White House has frequently received sharp criticism over its plans to expand oil and gas production.

Persons: Joe Biden, Cyril Ramaphosa, Joe Biden's, Sultan al, Jaber, Samuel Corum, John Kerry, Kerry, Jean Su, Jason Bordoff, Su, Nikki Reisch, Reisch, Biden, Jennifer Granholm, Brandon Bell Organizations: White, Washington , D.C, Bloomberg, Getty, European Union, Washington Hilton, United, Center for Biological, . Energy, Administration, Russia, Center, Global Energy, Columbia University, CNBC, Center for Biological Diversity, Center for International Environmental, U.S, Biden, Marathon El Locations: South, Washington ,, Connecticut, Washington , DC, United States, China, U.S, Saudi Arabia, Russia, Ukraine, America, Marathon El Paso Refinery, El Paso , Texas, The U.S

Signing on to the pledge were major national oil companies such as Saudi Aramco, Brazil's Petrobras and Sonangol, from Angola, and multi-nationals like Shell, TotalEnergies and BP. The pledge is a “smokescreen to hide the reality that we need to phase out oil, gas and coal,” said a letter signed by more than 300 civil society groups. Still, Mena said that self-reporting didn't go far enough to push oil and gas companies to make changes. Earlier this year, European Union negotiators reached a deal to reduce methane emissions from the energy industry across the 27-member bloc. In his speech, al-Jaber said oil and gas companies needed to do more to research solutions to Scope 3 emissions.

Persons: Sultan al, Jaber, ”, Jean Su, Fred Krupp, Bill Hare, Hare, Marcelo Mena, Mena, John Podesta, Abu Dhabi’s ADNOC Organizations: United Arab Emirates, Associated Press, Abu Dhabi National Oil Co, Saudi Aramco, Brazil's Petrobras, Sonangol, Shell, Center for Biological Diversity, Environmental, Environmental Defense Fund, U.S . Environmental Protection Agency, European Union, Gas, United Arab, Aramco, AP Locations: DUBAI, United Arab, United Nations, Abu Dhabi, Saudi, Angola, COP28, al, fracking, philanthropies, Chile, U.S, United States, United Arab Emirates, Saudi Arabia

☆ Tens of thousands march to demand end to fossil fuels ahead of UN climate summit
▼ + stars: | 2023-09-17 | by ( ) www.cnbc.com time to read: +5 min

"If you want to win in 2024, if you do not want the blood of my generation to be on your hands, end fossil fuels." The March to End Fossil Fuels featured such politicians as Rep. Alexandria Ocasio-Cortez and actors Susan Sarandon, Ethan Hawke, Edward Norton, Kyra Sedgewick and Kevin Bacon. "If you don't stop fossil fuels our blood is on your hands." And the march, unlike others, was more clearly focused on fossil fuels. Signs included "Fossil fuels are killing us" and "I want a fossil free future" and "keep it in the ground."

Persons: Spencer Platt, it's, Joe Biden, Emma Buretta, Alexandria Ocasio, Cortez, Susan Sarandon, Ethan Hawke, Edward Norton, Kyra Sedgewick, Kevin Bacon, Antonio Guterres, Athena Wilson, Maleah, Athena, Alexandria Gordon, Biden, Sharon Lavigne, Jean Su, Eve Ensler, Anna Fels, Vanessa Nakate, Megan Bloomgren Organizations: United Nations, Ambition, UN, Assembly, Getty, Sunday, U.S, Broadway, U.N, Boca, Center for Biological Diversity, New Yorker, American Petroleum Institute Locations: New York, New York City, Brooklyn, Alexandria, Sunday's, Boca Raton , Florida, Florida, Houston, Louisiana, U.S, United States, China, New, Vietnam

“If you want to win in 2024, if you do not want the blood of my generation to be on your hands, end fossil fuels.”The March to End Fossil Fuels featured such politicians as Rep. Alexandria Ocasio-Cortez and actors Susan Sarandon, Ethan Hawke, Edward Norton, Kyra Sedgewick and Kevin Bacon. “It is frustrating.”Protest organizers emphasized how let down they felt that Biden, who many of them supported in 2020, has overseen increased drilling for oil and fossil fuels. "You need to phase out fossil fuels to survive our planet,” said Jean Su, a march organizer and energy justice director for the Center for Biological Diversity. And the march, unlike others, was more clearly focused on fossil fuels. “The elephant is that fossil fuels are responsible for the crisis.

Persons: it's, Joe Biden, ”, Emma Buretta, Alexandria Ocasio, Cortez, Susan Sarandon, Ethan Hawke, Edward Norton, Kyra Sedgewick, Kevin Bacon, Antonio Guterres, Athena Wilson, Maleah, ” Athena, “, Alexandria Gordon, Biden, Sharon Lavigne, Jean Su, Eve Ensler, Anna Fels, That's, Vanessa Nakate, Megan Bloomgren, Seth Borenstein Organizations: Sunday, U.S, Broadway, United Nations, U.N, Boca, “, Center for Biological Diversity, New Yorker, American Petroleum Institute, Twitter, AP Locations: Brooklyn, Alexandria, Sunday's, Boca Raton , Florida, Florida, Houston, Louisiana, U.S, United States, China, New, Vietnam

The heat is about to be turned up on fossil fuels, the United States and President Joe Biden. It features a special U.N. summit and a week of protests and talk-heavy events involving leaders from business, health, politics and the arts. Guterres has repeatedly aimed his criticism at fossil fuels, calling them “incompatible with human survival.” He and scientific reports out of the United Nations have emphasized that the only way to curb warming and meet international goals is to “phase out” fossil fuels. “We know the use of fossil fuels is the main cause of the climate crisis, coal, oil and gas,” Hart said Friday. “We need to accelerate the global transition away from fossil fuels.

Persons: Joe Biden, — William —, ”, Jean Su, Antonio Guterres, won’t, Biden, Guterres, ” Su, Bill Hare, he’s, Hare, Mohamed Adow, “ We’ve, Selwin Hart, ” Hart, Thomas Pyle, Brandon Wu, Su, Seth Borenstein Organizations: United Nations, General Assembly, Center for Biological Diversity, Ambition, United Arab, International Energy Agency, American Energy Alliance, Environmental, United, Biden, ActionAid USA, Twitter, AP Locations: United States, China, United Kingdom, Russia, France, New York, Dubai, United Arab Emirates, Paris, Canada, Australia, Norway, America

☆ Debt limit bill would speed completion of controversial West Virginia gas pipeline
▼ + stars: | 2023-05-30 | by ( Emma Newburger | ) www.cnbc.com time to read: +2 min

Lengths of pipe wait to be laid in the ground along the under-construction Mountain Valley Pipeline near Elliston, Virginia, September 29, 2019. A bipartisan debt limit bill struck by President Joe Biden and House Republicans over the weekend would expedite approval of all permits for a West Virginia natural gas pipeline and curtail environmental reviews under one of the country's landmark environmental laws. The Mountain Valley Pipeline, which has been promoted by Sen. Joe Manchin, D-W.Va., would transport natural gas 303 miles from West Virginia to the Southeast, and part of it would cross through the Jefferson National Forest. The construction of the $6.6 billion pipeline is nearly done, though plans have been delayed for several years amid legal setbacks. Proponents say the pipeline is vital to bolstering U.S. domestic energy security, and that the plan was already near completion and set to move forward.

☆ Analysis: COP27 loss and damage fund heralds 'new dawn for climate justice'
▼ + stars: | 2022-11-20 | by ( Megan Rowling | ) www.reuters.com time to read: +8 min

Yeb Saño, head of Greenpeace Southeast Asia, said the fund's approval "marks a new dawn for climate justice." While the loss and damage fund would not be enough to deal with growing climate losses, "it is a much-needed political signal to rebuild broken trust" between rich and poor nations, he said in a video statement. Their opposition was rooted in fears of being held financially liable for the impacts of their historically high greenhouse gas emissions. FOSSIL FUELS MISSINGPolitical figures had urged countries at COP27 to set aside geopolitical fights in order to keep climate action on track. Manuel Pulgar-Vidal, global climate and energy lead for environmental group WWF, who presided over COP20 in Peru, said leaders had missed the chance in Egypt to speed up the rapid and deep emissions cuts essential to limit climate damage.

☆ COP27-US targets methane in 'relentless' emissions focus
▼ + stars: | 2022-11-11 | by ( Valerie Volcovici | ) www.reuters.com time to read: +5 min

It would also force methane emissions reductions from flaring equipment and create a system to detect leaks from "super-emitter" sites quickly so operators can repair them faster and local community residents are aware. The EPA said the stronger rules would reduce methane from the oil and gas industry by 87% below 2005 levels and would help the United States to meet its commitment under the Global Methane Pledge to cut methane emissions economy-wide by 30% this decade. OIL AND GAS INDUSTRY LOBBYINGThe oil and gas industry had urged the agency to exclude hundreds of thousands of low-producing wells on the grounds frequent monitoring would be inefficient and costly. It dovetailed with a U.N. announcement on Friday that it will launch a global public database of methane leaks detected by space satellites to encourage companies and governments to plug them. The EPA will take public input on the methane rule until Feb. 13, 2023 and plans to finalize it by the end of that year.

Search resuls for: "Jean Su"

9 mentions found