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Some climate activists accuse the industry of simply investing in carbon capture as way to extend the use of oil and gas. The technology typically uses chemical absorption to capture carbon dioxide emitted from the chimney of an industrial plant. "The economic viability of carbon capture and sequestration is a challenge today because the cost of building most plants in order to capture carbon dioxide are very significant," the executive said. About two-thirds of the industry's carbon dioxide emissions come from chemical reactions that occur when breaking down limestone. SLB this month announced a nearly $400 million investment in Aker Carbon Capture, a pure-play carbon capture company based in Norway, in an effort to accelerate deployment of the technology at commercial scale.
Persons: Chin Lee, Biden, SLB, Fred Majkut, Majkut, Adam Miklos, Miklos, Baker Hughes, Olivier Le Peuch, Alessandro Bresciani, Jeff Gustavson, Gustavson, steelmaker Nucor, Linde, Dan Ammann, Ammann, Fatih Birol, We're, SLB's Majkut Organizations: Chevron, Houston Chronicle, Hearst Newspapers, Department of Energy, RTI International, International Energy Agency, Exxon, Rystad Energy, Clean Investment Monitor, United Nations ., Gulf Coast, CF Industries, Talos Energy, Carbonvert, IEA Locations: Winnie, Mississippi, Vicksburg, Schlumberger, United States, Paris, Chevron, United Kingdom, U.S, Aker, Norway, Houston, Port Arthur , Texas, Gulf, Louisiana, Beaumont , Texas, Mississippi , Louisiana, Texas, Bayou, Port Arthur
Dr. Will Bulsiewicz, a gastroenterologist, says we shouldn't rely on supplements for good health. AdvertisementA gastroenterologist shared with Business Insider the three supplements he takes every day. "Supplements are beneficial when they're not in competition with food," he said, adding that he takes these three "thoughtful and targeted" supplements every day. AdvertisementOmega-3Bulsiewciz eats a plant-based diet, so he opts for algae-based supplements, but you can also get omega-3 from fish oils. But a large 2018 study found that taking omega-3 supplements could be beneficial for people who didn't eat fish.
Persons: Will Bulsiewicz, , who's, Zoe, they're, Ryan Andrews, Bulsiewicz Organizations: Service, Business
But while that VW plant has had two votes before this, the Mercedes plant has never reached the threshold of union support that resulted in an election being held. An election at the Mercedes plant has yet to be confirmed by the National Labor Relations Board, which oversees such votes, let alone scheduled. While the UAW has filed for a vote at Mercedes’ Alabama plant, it has yet to file for a vote at its plant in Charleston, South Carolina. A high-profile union organizing vote at an Amazon warehouse in nearby Bessemer, Alabama was defeated in a close vote in 2021. And management of the non-union automakers is likely to fight union organizing efforts.
Persons: Mercedes, Organizations: New, New York CNN, United Auto Workers, UAW, Volkswagen, VW, National Labor Relations Board, Benz, International, General Motors, Ford, Mercedes, BMW, Honda, Hyundai, Mazda, Nissan, Subaru, Toyota, Volvo, GM Locations: New York, Alabama, Chattanooga , Tennessee, VW Chattanooga, Vance , Alabama, Tuscaloosa, Mexico, Edmunds, Tennessee, Mercedes ’ Alabama, Charleston , South Carolina, Bessemer , Alabama
By 2025, Nestle promises not to use any plastic in its products that isn’t recyclable. By that same year, L’Oreal says all of its packaging will be “refillable, reusable, recyclable or compostable.”And by 2030, Procter & Gamble pledges that it will halve its use of virgin plastic resin made from petroleum. To get there, these companies and others are promoting a new generation of recycling plants, called “advanced” or “chemical” recycling, that promise to recycle many more products than can be recycled today. So far, advanced recycling is struggling to deliver on its promise. Nevertheless, the new technology is being hailed by the plastics industry as a solution to an exploding global waste problem.
Persons: Nestle, L’Oreal Organizations: Procter, Gamble
Live updates: 7.4 magnitude quake hits Taiwan
  + stars: | 2024-04-04 | by ( Chris Lau | ) edition.cnn.com   time to read: +1 min
The world’s biggest chipmaker is working to resume operations following the massive earthquake that struck Taiwan Wednesday — a welcome sign for makers of products ranging from iPhones and computers to cars and washing machines that rely on advanced semiconductors. A 7.4 magnitude earthquake struck the island’s east coast Wednesday morning, the strongest in 25 years, killing nine and causing landslides and collapsed structures. Taiwan Semiconductor Manufacturing Company, the leading chipmaker also known as TSMC, operates largely on the opposite side of the island, although the company said its facilities did experience some shaking. TSMC temporarily evacuated some manufacturing plants following the quake but said later Wednesday that staff were safe and had returned to their workplaces. However, there is no damage to our critical tools,” TSMC said in a statement late Wednesday.
Persons: chipmaker, TSMC, ” TSMC Organizations: Taiwan Semiconductor Manufacturing Company Locations: Taiwan
American chip giant Intel in December 2021 said it will invest more than $7 billion to build a chip packaging and testing factory in Malaysia, with production expected to begin in 2024. Malaysia holds 13% of the global market for chip packaging, assembly and testing services, said the Malaysian Investment Development Authority in a Feb. 18 report. Exports of semiconductor devices and integrated circuits increased by 0.03% to 387.45 billion Malaysian ringgit ($81.4 billion) in 2023, amid global chip demand weakness. Malaysia Semiconductor Industry Association president Datuk Seri Wong Siew Hai said many Chinese firms diversified some of their production to Malaysia, calling the country China's "plus one." In the same month, the world's largest contract chip maker TSMC opened its first Japan factory as it diversifies away from Taiwan amid U.S.-China tensions.
Persons: Faris Hadziq, Kenddrick Chan, Aik Kean Chong, Intel's, Tan, Yinglan Tan, Datuk Seri Wong Siew Hai, Zafrul Aziz, TSMC, Ann Lim Organizations: Getty, Malaysia, LSE, London School of Economics, Political, Semiconductors, Intel, CNBC, Infineon, Ventures Partners, Malaysian Investment Development Authority, Malaysian, Malaysia Semiconductor Industry, U.S ., U.S, China -, Partnership Locations: KUALA LUMPUR, MALAYSIA, Malaysia, Kuala Lumpur, South, East Asia, China, U.S, American, Penang, Another U.S, Singapore, Europe, Kong, GlobalFoundries Singapore, Klang, India, Japan, Taiwan, South Korea, Washington, Asia, China - U.S
Rising temperatures are also allowing plants to bloom earlier and longer, prolonging pollen seasons. Increased rainfall means plants release more pollen when they bloom, and higher numbers of thunderstorms cause pollen grains to burst, making them more irritating and worsening symptoms. Shifting wind patterns in some parts of the world are carrying pollen over longer distances, too. Experts think more exposure to pollen equals more chances to be sensitized, which equals more allergies. So someone in Illinois, for example, might be seeing bigger changes in pollen than somebody in Texas – although Texas gets blasted with pollen, too.
Persons: you’re, , Mary Margaret Johnson, Lewis Ziska, Joseph Inglefield III, he’s, , There’s, Ziska, Inglefield, Leonard Bielory, Dr, Sanjay Gupta, inhaler, that’s, ” Inglefield Organizations: CNN, Harvard, of Public Health, Mailman School of Public Health, Columbia University, Hickory Allergy, Asthma, Hackensack Meridian School of Medicine, CNN Health Locations: Chan, South Korea, Hickory , North Carolina, Illinois, Texas –, Texas, New Jersey
The manufacturing plants are of little interest to the many tourists who help sustain the area’s economy, but these sites employ tens of thousands of people. The factories, like others in Europe, face increasing pressure from regulators to reduce the climate-altering gases that their operations produce. “We are very scared about the future of our industries,” said Michele De Pascale, the mayor of Ravenna. “We have to reach this goal to reduce CO2 emissions, but we want to do it without destroying our industries,” he said. Italy’s energy giant, Eni, which has a large presence in Ravenna, is pushing a plan that the mayor says could help preserve the region’s heavy industries: create an industrial pollution collector.
Persons: Dante, , Michele De Pascale Organizations: Eni Locations: Ravenna, Europe,
London CNN —British business groups are warning that newly announced post-Brexit charges on plant and animal imports could push up food prices not long after food inflation came down from double-digit rates. The port and the undersea tunnel beneath the English Channel handle the majority of UK food imports. Annual UK food price inflation topped 19% in March 2023, the highest rate in 45 years, and stood at more than 10% as recently as in October. Some are already “deciding that it is too expensive or too much hassle to serve the UK,” he told CNN. A government spokesperson said the new charges “were at the bottom end of the range” discussed with UK businesses during a consultation period last summer.
Persons: Tom Southall, William Bain ,, , James Barnes, Organizations: London CNN, European Union, Department for Environment, Food, Rural Affairs, Channel, Chain Federation, Chambers of Commerce, , CNN, EU . Trade, Horticultural Trades Association Locations: British, Port, Dover, Eurotunnel, Southall
Artificial intelligence data centers will require plenty of electricity – and that could bode well for a select group of utility stocks, Evercore ISI said. He expects the power load from data center and/or AI to be met 50% with gas, 25% with solar and 25% with wind. Baltimore-based Constellation Energy was highlighted by Evercore, which rates the stock as outperform. CEG YTD mountain Constellation energy stock has climbed nearly 63% in 2024. VST YTD mountain Vistra stock has climbed more than 90% in 2024.
Persons: bode, Durgesh Chopra, Chopra, Vistra, Evercore Organizations: McKinsey & Co, Constellation Energy, Public Service Enterprise Group, AES Corp Locations: Baltimore, U.S
But Stephen Procter’s large stoneware garden vessels, some as tall as five feet and incorporating 250 pounds of clay, are nevertheless functional pottery — even without the soil and the plants. In the clay world, he said, there’s always talk about functional versus nonfunctional pottery, attempting to draw a line between the two. Mr. Procter, a Vermont-based ceramist, has seen his and other such outsize garden sculptures in action, though. “An object that invites contemplation, and inspires, and offers this kind of mysterious sustenance is functional in a deep and important way,” he said. “Not functional that you’re going to drink your coffee out of it, but the work has high purpose in the landscape and in the world.”
Persons: Stephen, there’s, Procter, Locations: Vermont
The 7.2-magnitude earthquake shows the vulnerability of TSMC, the world's top chipmaker, to natural or geopolitical events. AdvertisementTaiwan experienced its worst earthquake in 25 years on Wednesday morning, disrupting the operations of companies including Taiwan Semiconductor Manufacturing, or TSMC. It's the world's largest chipmaker and is, by some estimates, the producer of 90% of the world's most advanced processor chips. Overall, a war over Taiwan could hit the world's economy to the tune of $10 trillion — or about 10% of global GDP — Bloomberg forecast. April 3, 6:41 p.m. SGT: An earlier version of this story misstated the magnitude of the earthquake that struck Taiwan.
Persons: , TSMC Organizations: Taiwan Semiconductor Manufacturing, Service, Bloomberg, — Bloomberg, Taiwan Stock Exchange Locations: Arizona, Japan, Germany, Taiwan, Hsinchu, Beijing, Washington, China
A powerful earthquake in Taiwan forced chip maker TSMC to suspend operations at some sites. That could mean production delays for companies like Apple, which relies on its chips. Worst-case scenario, disruptions to TSMC could mean production delays for its existing products and a later rollout of its new devices. AdvertisementApple and Nvidia didn't immediately return to requests for comment from Business Insider when asked how TSMC's production disruptions would impact their businesses. Analysts say halting production could also damage some of TSMC's most advanced chips, which require maintenance around the clock, further exacerbating production delays.
Persons: , TSMC, Chris Miller, Nvidia didn't, Bum, Brian Tan, Miller Organizations: Apple, Bloomberg, Service, Taiwan Semiconductor Manufacturing, Nvidia, The New York Times, Business, Citi Group Locations: Taiwan, Hsinchu, United States
Chipmakers and governments, including the US government, have in recent years invested billions in efforts to diversify chip production, but many experts worry that process is not happening fast enough. TSMC produces an estimated 90% of the world’s most advanced semiconductor chips, which power countless devices people rely on daily. Still, even an hours-long shutdown of certain chip production could take weeks to recover from. The race to diversify chipmakingWednesday’s earthquake will likely only add pressure to efforts underway for years to grow chipmaking capacity outside of Taiwan. Experts say it’s a sign that the diversification of the chip supply chain is not moving quickly enough to account for the risks of remaining concentrated in Taiwan.
Persons: chipmaker, TSMC, ” TSMC, , David Bader, ” Bader, facilites, wasn’t, Joe Unsworth, Foxconn —, Angelo Zino, Joe Biden Organizations: New, New York CNN, Taiwan Semiconductor Manufacturing Company, Apple, Qualcomm, Nvidia, AMD, Institute for Data Science, New Jersey Institute of Technology, Barclays, Tech, United Microelectronics Corporation, Micron Locations: New York, Taiwan, chipmaking, China, United, Japan, Germany, United States, Arizona
I spent a night in one of these apartments and found they weren't as luxurious as they were branded to be. Dozens of vacant units in the estate are listed for rent on Airbnb. I first visited Forest City in May 2022, and it was a ghost town. Forest City projects that some 700,000 people will live in the estate in the next six years. Take a look inside one of the thousands of vacant apartments in Forest City.
Persons: Organizations: Service, Forest City, Business Locations: Forest, Malaysia, China's, Johor Strait, Singapore, China, Forest City
CNN —Botswana’s President Mokgweetsi Masisi has threatened to send 20,000 elephants to Germany amid a dispute over the import of hunting trophies. ”Twenty thousand elephants for Germany, this is not a joke,” Masisi told German tabloid Bild. Lenin Nolly/Sipa USA/AP/FileMasisi told Bild that Germany’s Green party could learn to cohabitate with elephants without hunting them. According to the ministry, Germany is one of the largest importers of hunting trophies in the European Union, and African hunting trophies already require import authorization under current rules. Trophy hunting does not come close to diminishing the elephant population, Masisi told broadcaster Sky News.
Persons: CNN —, Mokgweetsi Masisi, ” Masisi, , Steffi Lemke, Lenin, Masisi, , Murat Ozgur Guvendik, , ” Botswana’s, Botswana’s, Iris Throm, Mary Rice, Rice, Bild, you’d Organizations: CNN, Green, Getty, Botswana’s Ministry of Environment, Tourism, European Union, Germany’s Federal Agency for Nature, Environmental Investigation Agency, Sky News, Convention, International Trade, Fauna Locations: Germany, Berlin, Botswana, Masisi, Anadolu, Angola, Mozambique
In South San Francisco, a small startup is working on a high-tech approach to wildfire prevention. Anukool Lakhina and Waleed "Lee" Haddad founded BurnBot in 2022 to develop robotics and remote-controlled vehicles that can munch up and burn away invasive plants or other dry vegetation that can fuel fires if left fallow. Like other agricultural and construction equipment, the RX rolls forward on tank-like tracks and wheels, which enable it to maneuver through rough fields. The chambers of the BurnBot RX also trap and torch away the smoke that comes from burning vegetation, so it doesn't pollute the air in surrounding communities. When the torching is done, the RX sprays water repeatedly to extinguish any remaining embers.
Persons: Lakhina, Waleed, Lee, Haddad, BurnBot, munch Organizations: Ventures Locations: California, South San Francisco, BurnBot
Ye, the rapper formerly known as Kanye West, was sued Tuesday by a former employee who accused him of discrimination and creating a hostile work environment by calling Adolf Hitler “great,” disparaging Jews and saying that “gay people are not true Christians.”The lawsuit was filed in Los Angeles Superior Court by Trevor Phillips, who says he was hired in November 2022, around the time a series of antisemitic remarks publicly made by Ye lost the artist his major-label record deal and put his businesses in jeopardy. Phillips was initially hired to oversee “projects related to growing cotton” and other plants in an effort to make Yeezy, Ye’s fashion brand, “self-sustainable,” the lawsuit said, and then went on to work for Donda Academy, Ye’s private school in Southern California. Phillips’s lawsuit claims that Ye made antisemitic comments in front of staff members at Donda Academy, including, “the Jews are out to get me” and “the Jews are stealing all my money.” After Adidas ended its decade-long partnership with Ye over his public remarks, the lawsuit claimed, the rapper told Phillips: “The Jews are working with Adidas to freeze up my money to try and make me broke!”
Persons: Ye, Adolf Hitler “, , Trevor Phillips, Phillips, Organizations: Los Angeles Superior, Donda Academy, , Adidas Locations: Los Angeles, Southern California
Anyone expecting the Japanese royal family’s new Instagram account to generate memes or showcase a new side of the world’s oldest continuous monarchy should lower their expectations. Just some royals politely posing for pictures in their usual, formal way. The new Instagram page for Japan’s Imperial Household Agency — its first on any social media platform — posted its first image early Monday morning. By Tuesday evening, it had uploaded 19 more and collected nearly half a million followers. The page mostly shows Emperor Naruhito, Empress Masako and sometimes their daughter, Princess Aiko, standing up, sitting down or bowing at formal events over the past three months.
Persons: Emperor Naruhito, Empress Masako, Princess Aiko Organizations: Imperial Household Agency —, Tokyo Metropolitan Art Museum Locations: Tokyo, Kenya, Brunei
The World Nature Photography Awards announced the winners of its 2024 contest. Underwater photos show whales, sea lions, and other marine life in their natural habitats. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe annual World Nature Photography Awards highlight incredible photos of the natural world and animals in the wild. The World Nature Photography Awards team plants a tree for every photo submission they receive and every print sold of a winning photo on their online store.
Persons: Organizations: Service, Business Locations: Shetland
Ukraine says it downed two of three Russian drones overnight
  + stars: | 2024-04-01 | by ( ) www.cnbc.com   time to read: 1 min
Ukraine's air force shot down two out of three Russia-launched Shahed drones overnight, the Ukrainian military said on Monday. Separately, Ukraine's energy ministry said equipment at a power substation in the southern Zaporizhzhia region had been damaged following a drone attack. Monday night was relatively quiet for Ukraine following a series of attacks on the country's energy infrastructure that Russia stepped up more than a week ago. On March 22, Russian forces carried out the largest strike on grid infrastructure during the two-year-old war, causing major damage and resulting in massive power outages. Russia last week continued targeting Ukraine's thermal and hydro-power plants.
Organizations: General Staff, Facebook Locations: Russia, Ukraine
CNN —Crowds gathered in Germany overnight to celebrate the legalization of cannabis starting from Monday. Adults can now cultivate up to three cannabis plants for private consumption. From July 1, cannabis will be available in licensed not-for-profit clubs with no more than 500 members – all of whom would have to be adults. The German government said that cannabis would remain illegal for minors and highly restricted for young adults, adding that consuming the drug near schools and playgrounds would be illegal. The move makes Germany the third country in Europe – after Malta and Luxembourg – to legalize the drug for recreational use, removing cannabis from the official list of banned substances.
Persons: Fabian Sommer, Karl Lauterbach, it’s, Organizations: CNN Locations: Germany, Berlin, Europe –, Malta, Luxembourg, Netherlands, Australia
The World Nature Photography Awards highlight amazing photos of the natural world. AdvertisementThe World Nature Photography Awards announced the winners of its 2024 contest, highlighting majestic images of animals, landscapes, and scenes from the natural world. A panel of judges then picked the winners across 14 categories including Underwater, People and Nature, Plants and Fungi, and Animal Portraits. As part of their efforts to promote sustainability and raise awareness of the climate crisis and its impact on nature, the World Nature Photography Awards team plants a tree for every photo submission received. This year's winner, Tracy Lund, took home the $1,000 cash prize and the title of World Nature Photographer of the Year.
Persons: , Tracy Lund Organizations: Shetland Islands, Service
Read previewBeyoncé's eighth studio album was released to critical acclaim last week, but fans of the singer have been left disappointed after discovering that their vinyl and CD copies of "Cowboy Carter" are missing some of their favorite tracks. "Cowboy Carter" was released on March 29, 2024. ParkwoodWith an expansive 79-minute runtime, "Cowboy Carter" is Beyoncé's longest album to date. Physical editions of the album bear a different title and artwork than the digital release of "Cowboy Carter." The only mention of "Cowboy Carter" on these copies on a sticker on top of plastic-sealed copies, according to Variety.
Persons: , Carter, Linda Martell, it's, Mark Savage, Ed Sheeran, Adele, Taylor Swift, Taylor, John Shearer, Swift, Beyoncé's, Miley Cyrus, Beyoncé Organizations: Service, Business, Poet's Department, Beyoncé, Variety Locations: Louisiana
Starting Monday, fast-food workers in California at chains with more than 60 national locations earn $20 an hour, higher than the state's broader minimum wage of $16 per hour. California pay is already highwatch nowWhile the new fast-food minimum wage is among the highest in the U.S., California employers are used to paying more for their labor. Even when it is not mandated, restaurants usually find themselves paying more than the minimum wage to attract hourly workers. As a full-service restaurant chain, the company won't be obligated to pay its California workers $20 an hour. Advocates prepare to go biggerFrom start to finish, the California law, which was backed by the Service Employees International Union, has been controversial.
Persons: David Paul Morris, Gavin Newsom, Matthew Haller, Daniel Zhao, Zhao, Lauren Crabbe, she's, Crabbe, Matthew Clark, Jennifer B, Perez, I'm, it's, Newsom, Greg Flynn, Flynn Organizations: McDonald's Corp, Bloomberg, Getty, International Franchise Association, CNBC, Bureau of Labor Statistics, Service Employees International Union, Gov, SEIU Locations: Oakland , California, U.S, California, , California, Fresno, San Francisco, Long Beach
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