DIRS.INFO The most relevant business & tech news

☆ Opinion: I’m a climate scientist. If you knew what I know, you’d be terrified too
▼ + stars: | 2024-03-07 | by ( Opinion Bill Mcguire | ) edition.cnn.com time to read: +6 min

CNN —Are you frightened by climate change? While those of us working in the climate science field know the true picture, and understand the implications for our world, most others do not. As a climate scientist, it is my duty to tell you about what is happening to our world, whether it engenders fear or not. Critically, the authors of the study observed that the reality of climate change has to be communicated without inducing a feeling of hopelessness — and this is the key. Climate change is no different.

Persons: Bill McGuire, Read, David Wallace, Wells, Sean Gallup, ” Organizations: University College London, CNN, University of Bath, American Psychological Association Locations: —, Disko, Greenland

A man talks on the phone during the United Nations Climate Change Conference (COP28), in Dubai, United Arab Emirates, December 4, 2023. REUTERS/Amr Alfliky Acquire Licensing RightsDec 5 (Reuters) - Six of the world's largest dairy companies will soon begin disclosing their methane emissions as part of a new global alliance launched at the United Nations climate summit in Dubai on Tuesday. Livestock is responsible for about 30% of global anthropogenic methane emissions, from sources like manure and cow burps, according to the U.N.'s Food and Agriculture Organization. The five members of the Dairy Methane Action Alliance - Danone (DANO.PA), Bel Group, General Mills (GIS.N), Lactalis USA, Kraft Heinz (KHC.O) and Nestle (NESN.S) - will begin reporting their methane emissions by mid-2024 and will write methane action plans by the end of that year. Danone this year pledged to cut methane emissions from its fresh milk supply chain by 30% by 2030.

Persons: Amr Alfliky, General Mills, Kraft Heinz, Chris Adamo, There’s, Katie Anderson, Anderson, Leah Douglas, Josie Kao Organizations: United Nations, Change, United Arab Emirates, REUTERS, United, Livestock, Agriculture Organization, Danone, Bel Group, General, Lactalis, Nestle, U.S . Environmental Protection Agency, Clean Air Coalition, United Nations Environment Programme . Companies, Environmental Defense, EDF, Reuters, Thomson Locations: Dubai, United Arab, United Nations, Lactalis USA

☆ What to Watch at COP28 on Monday
▼ + stars: | 2023-12-03 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +1 min

DUBAI (Reuters) - Monday is finance day at COP28, which means more funding is likely to be announced for the climate cause. If that sounds familiar, that is because world leaders and the private sector have spent much of the first few days of this year's U.N. climate summit talking about boosting finance for climate action and disaster support. Central to the summit's outcome is how countries will word a final agreement on the future of fossil fuels, and dividing lines are becoming clear. Away from the main COP28 venue, Saudi Arabia will host a side event called Saudi Green Initiative to promote its clean energy plans. The COP28 site could also experience more small, pop-up protests, as activists see the U.N.-led event as a rare chance to rally in the United Arab Emirates, where public protests are banned.

Persons: William James, Will Dunham Organizations: Reuters, Saudi Green Initiative, United Arab Locations: DUBAI, COP28, Dubai, Saudi Arabia, United Arab Emirates

☆ What to watch at COP28 on Monday
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +1 min

A demonstrator holds a placard, during a climate protest coinciding with COP28 being held in Dubai and ahead of the upcoming Belgian presidency of the Council of the European Union, in Brussels, Belgium, December 3, 2023. REUTERS/Johanna Geron Acquire Licensing RightsDUBAI, Dec 4 (Reuters) - Monday is finance day at COP28, which means more funding is likely to be announced for the climate cause. Away from the main COP28 venue, Saudi Arabia will host a side event called Saudi Green Initiative to promote its clean energy plans. The COP28 site could also experience more small, pop-up protests, as activists see the U.N.-led event as a rare chance to rally in the United Arab Emirates, where public protests are banned. Reporting by William James; Editing by Will DunhamOur Standards: The Thomson Reuters Trust Principles.

Persons: COP28, Johanna Geron, William James, Will Dunham Organizations: of, European Union, REUTERS, Rights, Saudi Green Initiative, United Arab, Thomson Locations: Dubai, Brussels, Belgium, COP28, Saudi Arabia, United Arab Emirates

The assessment could become politically divisive as it sets the stage for the next few years of global action in cutting planet-warming emissions. Based on the results, countries may be pressed to set more ambitious climate policies or to contribute more financing to help developing countries adopt clean energy. In September, the United Nations offered an early stocktake assessment that revealed countries were far behind in meeting climate goals. HOW WILL THE STOCKTAKE DRIVE CLIMATE ACTION? What then needs to be decided... what do we then do from here," Dan Jorgensen, Denmark's Global Climate Policy Minister, told Reuters.

Persons: Alex Flores, Claudia Morales, Dan Jorgensen, Kate Abnett, Katy Daigle, Josie Kao Organizations: REUTERS, Rights, United Nations, European Union, Policy, Reuters, Thomson Locations: Lake Titicaca, Bolivia, Rights DUBAI, Dubai, Paris

[1/2] People watch drones creating a 3-D display outside the United Nations Headquarters calling attention to the Amazon rainforest and climate change in New York U.S., September 15, 2023. The analysis by the nonprofit Amazon Conservation's MAAP forest monitoring program offers a first look at 2023 deforestation across the nine Amazon countries. That estimate is likely low as there are some holes in the data, Finer said. Brazil's Lula has led a push among its Amazonian neighbors and other rainforest countries to get rich nations to pay for woodland conservation. While the country is battling massive wildfires, many of them are not in the Amazon, Finer said.

Persons: Eduardo Munoz, Matt, Luiz Inacio Lula da Silva, Jair Bolsonaro, Carlos Nobre, Nobre, Brazil's Lula, Gustavo Petro, Jake Spring, David Gregorio Our Organizations: United Nations Headquarters, New York U.S, REUTERS, SAO PAULO, Reuters, United, University of Sao, Amazon, NASA, Union, Democratic, Watch, Thomson Locations: New York, Brazil, Colombia, Peru, Bolivia, United Nations, Jan, Puerto Rico, University of Sao Paulo, Amazon, Guyana, Suriname, Venezuela, COLOMBIA, PERU Brazil, Democratic Republic of Congo

The world is off track in its efforts to curb global warming in 41 of 42 important measurements and is even heading in the wrong direction in six crucial ways, a new international report calculates. On the flip side, public money spent to create more fossil fuel use is going in the wrong direction and faster than it has in the past, said study co-author Kelly Levin, science and data director at the Bezos Earth Fund. The globe has already warmed about 1.2 degrees Celsius (2.2 degrees Fahrenheit) since the mid 19th century. But he said the report shows “we’re really struggling to pick the low-hanging fruit.”___Read more of AP’s climate coverage at http://www.apnews.com/climate-and-environment. ___Follow Seth Borenstein on X, formerly known as Twitter, at @borenbears___Associated Press climate and environmental coverage receives support from several private foundations.

Persons: Kelly Levin, it’s, ” Levin, ”, Joe Thwaites, Katharine Jacobs, ” Jacobs, Justin Mankin, “ we’re, ___ Read, Seth Borenstein Organizations: Climate, World Resources Institute, Fund, United Nations, United, Natural Resources Defense, Arizona State University, Twitter, AP Locations: Canada, South Asia, Dubai, United States, Paris, Ukraine, Dartmouth

☆ Pope says he will attend COP28 climate summit in Dubai, a first by a pontiff
▼ + stars: | 2023-11-01 | by ( Philip Pullella | ) www.reuters.com time to read: +2 min

Pope Francis leads the weekly general audience in Saint Peter's Square at the Vatican, October 18, 2023. The pope told Italy's state-run RAI television TG1 news in an interview that he expected to be in Dubai Dec. 1-3. In Dubai, the pope is expected to drive home his recent appeal for action to curb global warming. Francis, 86, has made protection of the environment one of the hallmarks of his papacy and met last month with COP28 President Sultan al-Jaber. Failure in Dubai, Francis said in the document, "will be a great disappointment and jeopardize whatever good has been achieved thus far".

Persons: Pope Francis, Italy's, Francis, Sultan al, Jaber, Deum, Joe Biden, Philip Pullella, Diane Craft, Jonathan Oatis Organizations: Vatican, Handout, REUTERS, Rights, RAI, TG1, Thomson Locations: Saint Peter's, Dubai, el, Sheikh, Egypt, Glasgow, Scotland

☆ Pope Francis may attend global climate talks in Dubai
▼ + stars: | 2023-10-19 | by ( Philip Pullella | ) www.reuters.com time to read: +2 min

Pope Francis leads the weekly general audience in Saint Peter's Square at the Vatican, October 18, 2023. Vatican Media/Handout via REUTERS/File Photo Acquire Licensing RightsVATICAN CITY, Oct 19 (Reuters) - Pope Francis may attend the COP28 climate conference starting next month in Dubai, Vatican sources say, to drive home his recent appeal for action to curb global warming. It would be the first time a pope has attended a U.N. climate change conference since they began in 1995. Other Vatican sources put the probability that the pope would go to the Nov. 30-Dec. 12 event as high as 90 percent. Failure in Dubai, Francis said in the document, "will be a great disappointment and jeopardize whatever good has been achieved thus far".

Persons: Pope Francis, Francis, Cardinal Pietro Parolin, Joe Biden, Sultan al, Jaber, Philip Pullella, Deborah Kyvrikosaios Organizations: Vatican, Handout, REUTERS, CITY, State, Reuters, Catholic, Thomson Locations: Saint Peter's, Dubai, Vatican, Rome, el, Sheikh, Egypt, Glasgow, Scotland, Mongolia, French, Marseilles

Energy ministers from Saudi Arabia, the United Arab Emirates and Iraq, the three largest members of the Organization of Petroleum Exporting Countries (OPEC), have gathered in the Saudi capital Riyadh for the U.N. MENA climate week. The UAE will host the COP28 climate summit scheduled to take place in Dubai between Nov. 30 and Dec. 12. He has argued for a more inclusive COP that brings the oil and gas industry into the climate debate and allows it to be part of the solution through decarbonisation initiatives. Saudi Energy Minister Prince Abdulaziz bin Salman also said the industry should not be stigmatised and the world still needed hydrocarbons. "There is a case for us to be in oil and gas," he told the audience.

Persons: Sultan Ahmed Al Jaber, Luiz Inacio Lula da Silva, Ueslei Marcelino, Jaber, Suhail, Mazrouei, Sultan al, Prince Abdulaziz bin Salman, Aziz El Yaakoubi, Pesha Majid, Maha El, Toby Chopra, Barbara Lewis Organizations: UAE Industry, Amazon, REUTERS, UAE, Energy, United Arab, Organization of Petroleum Exporting, UAE Energy, Saudi Energy, Thomson Locations: Hangar, Belem , Para State, Brazil, RIYADH, Saudi Arabia, United Arab Emirates, Iraq, Saudi, Riyadh, UAE, Dubai, OPEC, COP28

With the world far off track on its 2015 pledge to curb global warming, a new United Nations report central to upcoming climate negotiations details how quickly and deeply energy and financial systems must change to get back on a safer path. “The window of opportunity to secure a livable and sustainable for future for all is rapidly closing,” Friday's report warned. To get there, the report said, “the phase-out of unabated fossil fuels is required,” using a phrase international climate negotiators have shied away from before. “Halting and reversing deforestation” and adopting better crop-growing practices are critical to fighting climate change, the report said. Limiting warming to 1.5 degrees is another window of opportunity that is rapidly closing, the report said.

Persons: ”, Sultan Al Jaber, David Waskow, “, Antonio Guterres, there's, Bill Hare, —, Al Jaber, Tom Evans, ” Evans, Seth Borenstein Organizations: United, World Resources Institute, United Nations, World Meteorological Organization, Twitter, AP Locations: United Nations, India, Paris, Dubai

The report, culminating a two-year evaluation of the 2015 Paris climate agreement goals, distils thousands of submissions from experts, governments and campaigners. "The Paris Agreement has driven near-universal climate action by setting goals and sending signals to the world regarding the urgency of responding to the climate crisis," it said. "While action is proceeding, much more is needed now on all fronts." More than 20 gigatonnes of further CO2 reductions were needed this decade - and global net zero by 2050 - in order to meet the goals, the U.N. assessment said. Commitment was needed to phase out fossil fuels, set 2030 targets for renewable energy expansion, ensure the financial system funds climate action, and raise funds for adaptation and damage, he said.

Persons: Tom Evans, Sultan Al Jaber, U.N, Antonio Guterres, David Stanway, Andrew Cawthorne Organizations: United Nations, United Arab Emirates, Reuters, Thomson Locations: Dubai, Paris, UAE, Singapore, Berlin

☆ A multitrillion-dollar carbon bubble? Climate chief warns world leaders over fossil fuel plans
▼ + stars: | 2023-08-16 | by ( Sam Meredith | ) www.cnbc.com time to read: +7 min

The message from the world's leading climate scientists in April last year was that a substantial reduction in fossil fuel use will be necessary to curb global heating. The burning of fossil fuels such as coal, oil and gas is the chief driver of the crisis. Indeed, the IPCC said that current fossil fuel use was already more than the planet could handle and additional projects were destined to lock in even greater emissions with devastating consequences. The U.N. climate panel also estimated that fossil fuel investors could be at risk of losing between $1 trillion and $4 trillion if governments act to limit global temperature rise. Despite this, some of the world's richest nations, such as the U.S. and China, have cited energy security as a reason for investing in additional fossil fuel projects.

Persons: Jim Skea, Fabrice Coffrini, Skea, We've, Fethi Belaid, Hoesung Lee, Rishi Sunak's, Danny Lawson, Biden, Mario Tama Organizations: Afp, Getty, CNBC, South, Imperial College London, Greenpeace, United Arab, Social, Trans, Trans Alaska Pipeline System, National Petroleum Reserve Locations: Algeria, Europe, North Africa, East, Asia, staving, China, Ukraine, Paris, Richmond , North Yorkshire, United Arab Emirates, Trans Alaska, Alaska, Delta Junction

REUTERS/Rick Wilking/File PhotoAug 2 (Reuters) - Industrial equipment auctioneer RB Global Inc (RBA.TO) said on Wednesday it replaced its chief executive officer, Ann Fandozzi, who recently spearheaded a $7.3 billion acquisition, amid a dispute over equity compensation. The company, formerly called Ritchie Bros Auctioneers, said Jim Kessler, its former chief operating officer and president, has been named CEO. The company gave a second-quarter earnings preview, reporting that revenue jumped 128% to $1.1 billion and net income climbed 63% to $86.8 million. The company said Fandozzi asked the board to approve a program "out of step with market standards." "My focus has been on sustaining momentum while solidifying an all-equity, at-risk incentive program to align management with long-term performance and shareholder value," she said.

Persons: Richie Bros, Rick Wilking, Ann Fandozzi, Ritchie, Auctioneers, Jim Kessler, Eric Jacobs, Jacobs, Fandozzi, Glass Lewis, Kessler, Svea Herbst, Bayliss, Pratyush Thakur, Anil D'Silva, Sriraj Kalluvila, Leslie Adler Organizations: REUTERS, Global Inc, Investors, RB Global, New York Stock Exchange, Reuters, U.S, Services, Svea, Thomson Locations: Longmont , Colorado, U.S, Boston, Bengaluru

BAMBOLIM, India, July 22 (Reuters) - The Group of 20 (G20) major economies meeting in India failed on Saturday to reach consensus on phasing down fossil fuels following objections by some producer nations. The G20 member countries together account for over three-quarters of global emissions and gross domestic product, and a cumulative effort by the group to decarbonise is crucial in the global fight against climate change. A joint communique is issued when there is complete agreement between member nations on all issues. A draft late on Friday reviewed by Reuters read: "The importance of making efforts towards phase down of unabated fossil fuels, in line with different national circumstances, was emphasized." Singh, in a press briefing after the conference, said some countries wanted to use carbon capture instead of a phase down of fossil fuels.

Persons: R.K, Singh, Sudarshan Varadhan, Nidhi Verma, William Mallard, Andrew Cawthorne Organizations: Power, Reuters, Thomson Locations: BAMBOLIM, India, China, United States, Bambolim, Goa, Ukraine, Saudi Arabia, Russia, South Africa, Indonesia

☆ Countries agree to slash shipping emissions but not enough to stay within warming limits
▼ + stars: | 2023-07-07 | by ( ) www.cnbc.com time to read: +2 min

Countries at the meeting of the United Nations' International Maritime Organization in London signed a deal for shipping emissions to reach net zero "by or around" 2050. Maritime nations agreed Friday to slash emissions from the shipping industry to net zero by about 2050 in a deal that several experts and nations say falls short of what's needed to curb warming to agreed temperature limits. Experts calculate the industry must cut its emissions by 45% by 2030 and reach net zero by 2050 to keep on track with 1.5 C temperature goal. The German government welcomed the agreement, calling it "an important milestone for ensuring that international shipping makes a fair contribution to reaching the temperature goals of the Paris agreement." Transport Ministry spokesman Florian Druckenthaner said Germany had "lobbied massively" for the goal of net zero emissions by 2050.

Persons: General Kitack Lim, Lim, Florian Druckenthaner, Druckenthaner Organizations: United Nations, International Maritime Organization, Maritime, —, Transport, The Associated Press Locations: London, Canada, United States, Paris, Germany

☆ ‘Life is like it is’: TotalEnergies CEO defends strategy despite calls to cut fossil fuel production
▼ + stars: | 2023-07-06 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

"Today, our society requires oil and gas … Why we are together, it is 80% of fossil fuels. The question is not fossil fuels, it is emissions, to lower the emissions." TotalEnergies CEO Patrick Pouyanne said the company had allocated nearly one-third of its capital expenditure to low-carbon technologies, with the remainder spent on oil and gas. Picture Alliance | Picture Alliance | Getty ImagesThe burning of fossil fuels, such as oil and gas, is the chief driver of the climate emergency. I know the scientists told us you should forget [fossil fuels] — but life is like it is.

Persons: TotalEnergies, CNBC's Dan Murphy, Patrick Pouyanne, Pouyanne, Antonio Guterres, That's Organizations: Getty, BP, Shell, TotalEnergies, Dutch, Protesters, Salle, Bloomberg Locations: Vienna, Austria, Ukraine, Paris

☆ Cramer's Lightning Round: Stay away from Gilead Sciences
▼ + stars: | 2023-05-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon RB Global's year-to-date stock performance. Stock Chart Icon Stock chart icon Cloudflare's year-to-date stock performance. Stock Chart Icon Stock chart icon Mosaic's year-to-date stock performance. Stock Chart Icon Stock chart icon Gilead Sciences' year-to-date stock performance. Stock Chart Icon Stock chart icon Lendingtree's year-to-date stock performance.

Persons: Ritchie, Matthew Organizations: Global, of Hawaii's, Gilead Sciences

☆ Jordan must accelerate reforms to drive faster growth -IMF
▼ + stars: | 2023-05-17 | by ( Suleiman Al-Khalidi | ) www.reuters.com time to read: +2 min

"With unemployment still high, and particularly among the youth and women, structural reforms are essential for achieving strong and inclusive growth and creating more jobs," IMF official Ron van Rooden told reporters. “Despite a challenging global and regional environment, Jordan has maintained macroeconomic stability," van Rooden said. Jordan's macroeconomic stability had helped it tap more favourable interest rates from international capital markets than other sovereign countries when it issued last months' Eurobond worth $1.25 billion, he said. "We are calling Jordan a success story because they have consistently implemented sound macroeconomic policy, fiscal policy, monetary policy," he said. Inflation was on track to moderate to 2.7% in 2023 from earlier projections of 3.8% with a tight monetary policy that helped to curb global inflationary pressures, van Rooden said.

☆ EU agrees to decarbonize air travel with the 'world's largest green fuels mandate for aviation'
▼ + stars: | 2023-04-26 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

EU officials described the agreement as a "turning point" and "another important step" for European aviation, saying the measures were designed to reduce reliance on fossil fuel imports and improve energy security. European Union negotiators secured a deal to decarbonize the air travel sector, seeking to slash heat-trapping emissions by stimulating the region's green aviation fuel market. The new rules are set to require aviation fuel suppliers to supply a minimum share of sustainable aviation fuels — or SAF — at EU airports, starting at 2% of overall fuel supplied by 2025. "Fuel suppliers at EU airports must provide an increasing share of sustainable aviation fuels and aircraft operators increase their use," Frans Timmermans, executive vice-president for the European Green Deal, said in a statement. If aviation is to align itself with the Paris climate accord and curb global heating, the industry will need to move away from fossil fuels completely in the long term.

☆ Polish central bank leaves main interest rate unchanged
▼ + stars: | 2023-04-05 | by ( Anna Wlodarczak-Semczuk | ) www.reuters.com time to read: +2 min

WARSAW, April 5 (Reuters) - Poland's central bank held its main interest rate at 6.75% on Wednesday, as expected, and said it believes weakening gross domestic product growth, together with already implemented rate hikes, would help gradually curb inflation. The central bank's Monetary Policy Council now hopes that the rate hikes it has already implemented will see price growth return to single digits before the end of the year. Central bank governor Adam Glapinski has previously said that he expects inflation to fall to single digits around the beginning of September, paving the way for interest rate cuts in the fourth quarter. Investors are now waiting for more insight into the central bank's thinking when Glapinski holds a news conference on Thursday. On Tuesday, Romania's central bank kept its benchmark interest rate at 7.00%.

☆ Energy agency chief warns transition to renewables is way off track, issues warning on stranded assets
▼ + stars: | 2023-03-28 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

The current German coalition government is seeking to accelerate the country's transition away from fossil fuels and nuclear to renewable and sustainable production energy means. The global energy transition is off track to prevent the worst impact of the climate emergency, according to the head of the International Renewable Energy Agency, and a fundamental course correction is required to successfully pivot away from fossil fuels. It is widely regarded as a crucial global target because so-called tipping points become more likely beyond this level of global heating. Tipping points are thresholds at which small changes can lead to dramatic shifts in Earth's entire life support system. "We are off track," Francesco La Camera, director general of IRENA, told CNBC's "Squawk Box Europe" on Tuesday.

☆ Time Is Running Out to Curb Global Warming, U.N. Panel Report Says
▼ + stars: | 2023-03-20 | by ( Eric Niiler | ) www.wsj.com time to read: 1 min

A United Nations panel of scientists said there is a “feasible, but narrow pathway” to avoid the worst effects of climate change, however to do so, the world’s nations must together cut greenhouse-gas emissions 60% by 2035 to limit warming to 1.5 degrees Celsius over preindustrial levels. That level of cuts would require a massive and rapid shift in the world’s energy supply that is under way in some countries, but has been stifled by the war in Ukraine, the global energy crisis and thirst for economic growth in countries like China and India. Global greenhouse-gas emissions reached record levels in 2022 and are projected to continue their upward trajectory, according to scientists.

☆ Bill Gates says he isn't a hypocrite for using a private jet
▼ + stars: | 2023-02-09 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

Bill Gates was asked whether his private jet makes him a "hypocrite" while funding climate innovation. Gates disagreed, saying he pays for carbon offsets and his jet helps further his climate fundraising. Gates was asked in an interview with the BBC in Kenya what his response would be to someone who would call him a hypocrite for being a "climate change campaigner" while also flying "around the world in a private jet." On Reddit, the Microsoft cofounder has said his private jet is his "guilty pleasure" and his "big splurge." "That is too difficult," Gates told Bloomberg's Zero podcast.

☆ Food inflation: Tight grain, oilseed supplies to keep prices elevated
▼ + stars: | 2022-12-13 | by ( Naveen Thukral | ) www.reuters.com time to read: +4 min

"As this stage, it looks highly unlikely, if we look at the global production prospects for cereals and oilseeds." Wheat, corn and palm oil futures have from dropped from record or multi-year highs but prices in the retail market remain elevated and tight supplies are forecast to support prices in 2023. Food imports costs are already on course to hit a near $2 trillion record in 2022, forcing poor countries to cut consumption. Corn and soybeans climbed to their highest in a decade, while Malaysia's benchmark crude palm oil prices climbed to a record high in March. For rice, prices are expected to remain high as long as export duties imposed earlier this year by India, the world's biggest supplier, remain in place, traders said.

Search resuls for: "RB Global"

25 mentions found