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The hundreds of fossil fuel-connected people make up just a tiny share of the 90,000 people who registered to attend the climate summit known as COP28. “Let history reflect the fact that this is the Presidency that made a bold choice to proactively engage with oil and gas companies,” al-Jaber said. COP28 comes as the planet faces a mounting imperative to reduce greenhouse gas emissions. David Hone, Shell's chief climate adviser, is in Dubai for at least his 17th appearance at the annual climate talks. At the moment, it's preventing about 0.1% of the energy sector's carbon emissions from reaching the atmosphere, according to the IEA.
Persons: Bob Deans, Deans, Sultan al, Jaber, , ” al, COP28, TotalEnergies, Paul Naveau, Patrick Pouyanné, ” Naveau, Naveau, Shell, that's, , Arthur Lee, David Hone, Hone, Rachel Rose Jackson Organizations: The United Nations, U.S, Resources Defense, United Arab Emirates, Global, Coalition, Shell, TotalEnergies, BP, AP, Nations, UN, didn't, , International Energy Agency, IEA, Chevron, Corporate Locations: United Nations, Dubai, Chevron, Shell's
CNN —The news last week of money laundering charges against crypto exchange Binance and its CEO, Changpeng Zhao, sent shockwaves through both financial markets and crypto consumers alike. But for those familiar with the history of modern money laundering, they’re hardly surprising. Over and again, everything from Manhattan high-rises to Malibu beachfronts to Midwest manufacturing plants have allegedly housed illicit wealth, easily and anonymously. But crypto was also, in many ways, the perfect tool for kleptocrats and criminals trying to dodge sanctions and duck investigators. Like banks, real estate and more before it, the best days of the crypto industry as a haven for money laundering may yet be behind it.
Persons: Casey Michel, Changpeng Zhao, Zhao, , Versha Sharma, Hamas’s Al, they’re, , kleptocrats Organizations: CNN, Wall Street Journal, Binance, Hamas’s, ISIS, Patriot Locations: Washington, American, Manhattan, Malibu, Midwest
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
Harris said the US would pledge another $3 billion to the Green Climate Fund – the main finance vehicle to help developing nations adapt to the climate crisis and cut fossil fuel pollution. “Today we are demonstrating through action how the world can and must meet this crisis,” Harris said. Harris’ attendance at the summit in Dubai is in line with her recent steps to ramp up public messaging on climate change. We must treat the climate crisis as the existential threat it truly is. In what represented an early success, several countries pledged millions of dollars to help nations hit hardest by the climate crisis.
Persons: Kamala Harris, Harris, ” Harris, Coal, , Joe Biden, Biden, Donald Trump, , CNN’s Priscilla Alvarez, Sam Fossum, Ella Nilsen Organizations: DC CNN —, US, Environmental Protection Agency, Past Coal Alliance, Energy Information Administration, UAE, Japan, Biden, Republican, Washington Post, University of Maryland Locations: Washington, Dubai, United States, Israel, Gaza, Germany, Paris
WHY WE’RE HEREWe’re exploring how America defines itself one place at a time. On a California island, residents and preservationists are feuding over how to protect the habitat for future generations. Plump quails and miniature foxes unique to the island scurry across the dirt roads that wind through scrubby hillsides. Thick pillows of fog roll onshore and coat the leaves of rare plants with dew. But the habitat is suffering because much of the native flora has been ravaged by animals shipped here over the past century for ranching, hunting and filming movies.
Persons: critters Organizations: Channel Locations: California, Catalina, Southern California
As far as trees go, farms are promising there will be an adequate supply of trees this year. It typically takes eight to 10 years to grow a Christmas tree, depending on the variety and location, according to the National Christmas Tree Association, a trade group representing growers. “I haven’t heard of any community in America where people haven’t been able to get a Christmas tree and I don’t expect that will be the case this year,” said Tim O’Connor, executive director of the National Christmas Tree Association. The Real Christmas Tree Board, an industry trade group, in September surveyed 49 wholesale growers of Christmas trees who collectively account for two-thirds of the nation’s tree supply about their outlook for the holiday season. “The starting wholesale price is gonna be much more controlled this year than what we had to experience last year.
Persons: Fraser, haven’t, , Tim O’Connor, O’Conner, it’s, Marsha Gray, ” Gray, , ” Lauren Segedin, “ We’re Organizations: New, New York CNN, Association, Tree Association, Board Locations: New York, America, Glenville , North Carolina, Fraser Fir
A general view of a wind turbine at Westmill Wind Farm & Solar Park, which is owned by the community and supports local renewable energy, at Watchfield, near Swindon, Britain, September 24, 2021. "More than 110 countries have joined already," European Commission President Ursula von der Leyen told the COP28 summit on Thursday of the renewables pledge. A draft of the renewable energy pledge, seen by Reuters, called for "the phase down of unabated coal power" and ending the financing of new coal-fired power plants. Africa receives just 2% of global investments in renewable energy. Somalia has the highest onshore wind power potential of any African country, yet one of the lowest electrification rates in the continent, according to the International Energy Agency.
Persons: Andrew Boyers, Ursula von der Leyen, Najib Ahmed, Kate Abnett, Richard Valdmanis, William Mallard Organizations: REUTERS, Rights, European Union, United Arab, BP, Reuters, International Energy Agency, ___, Thomson Locations: Watchfield, Swindon, Britain, United States, United Arab Emirates, China, India, South Africa, Vietnam, Australia, Japan, Canada, Chile, Barbados, COP28, Africa, Somalia
The Biden administration’s crackdown on methane leaks from oil wells is based in part on a new powerful policy tool that could strengthen its legal authority to cut greenhouse gas emissions across the entire economy — including from cars, power plants, factories and oil refineries. New limits on methane, announced Saturday by the Environmental Protection Agency during the COP28 climate talks in Dubai, take aim at just one source of climate warming pollution. Methane, which spews from oil and gas drilling sites, is 80 times more powerful than carbon dioxide when it comes to heating the atmosphere in the short term. The number, known as the “social cost of carbon,” has been used since the Obama administration to calculate the harm to the economy caused by one ton of carbon dioxide pollution. The metric is used to weigh the economic benefits and costs of regulations that apply to polluting industries, such as transportation and energy.
Persons: , Obama Organizations: Biden, Environmental Protection Agency Locations: Dubai
DUBAI, United Arab Emirates (AP) — The United States committed Saturday to the idea of phasing out coal power plants, joining 56 other nations in kicking the coal habit that's a huge factor in global warming. U.S. Special Envoy John Kerry announced that America was joining the Powering Past Coal Alliance, which means the Biden Administration commits to building no new coal plants and phasing out existing plants. The amount of coal burned in the United States last year is less than half what it was in 2008. The Powering Past Coal Alliance started six years ago and had 50 country members until Saturday when the United States and six others joined, said alliance spokeswoman Anna Drazkiewicz. "Joining the Powering Past Coal Alliance reiterates Kosovo’s clear commitment and ongoing efforts towards a socially just and clean energy sector.”___Read more of AP’s climate coverage at http://www.apnews.com/climate-and-environment.
Persons: John Kerry, Biden, , ” Kerry, , Alden Meyer, mell, ” Meyer, Anna Drazkiewicz, Artane Rizvanolli, ___ Read, Seth Borenstein Organizations: United Arab Emirates, Special, America, Past Coal Alliance, Biden Administration, U.S . Department of Energy, U.S . Energy Information Administration, The U.S, Past, Alliance, Twitter, AP Locations: DUBAI, United Arab, United States, U.S, China, India, pell, Czech Republic, Dominican Republic, Kosovo
Tripling nuclear energy capacity by 2050, which would also help Europe reduce its dependence on Russia oil and gas, would require significant investment. In advanced economies, which have nearly 70 percent of global nuclear capacity, investments has stalled as construction costs have soared, projects have run over budget and faced delays. On top of cost, another hurdle to expanding nuclear capacity is that plants are slower to build than many other forms of power. President Emmanuel Macron of France said nuclear energy, including small modular reactors, was an “indispensable solution” to efforts to curb climate change. France, Europe’s biggest producer of nuclear power, gets about 70 percent of its own electricity from nuclear stations.
Persons: John Kerry, Biden’s, , Emmanuel Macron, Macron, Ulf Kristersson, Kristersson Organizations: International Energy Agency, World Bank Locations: Russia, France, Sweden
CNN —Brian Aerni’s favorite photo of himself was taken when he was just three years old. On one of these airport excursions, Aerni’s father took a photo of his son. A framed version of the 1976 airport photo has pride of place on a wall in his home. Not only was Aerni’s son the same age as he’d been back in the 1976 photo, he looked a lot like young Aerni. 40 years laterAerni tracked down the aircraft and recreated the 1976 photograph with his young son.
Persons: Brian Aerni’s, Aerni, , Young Aerni, Aerni’s, Aerni –, he’d, Brian Aerni, , couldn’t, Here's Aerni, Brian Aerni Aerni’s, doesn’t, , hadn’t, that’s, Here's Brian Organizations: CNN, Stapleton International, Convair, Frontier Airlines, FAA, Conair, CNN Travel Locations: Denver , Colorado, Canada, Abbottsford,
CNN —An audacious collaboration between geneticists and conservationists plans to bring back the extinct dodo and reintroduce it to its once-native habitat in Mauritius. But according to the partners, its return to Mauritius could benefit the dodo’s immediate environment and other species. The Nicobar pigeon, native to the coastal regions from the Andaman and Nicobar Islands, is the closest living relative to the dodo. Then it will edit the PGCs of a Nicobar so it expresses the physical traits of a dodo. “I have studied the dodo for many years, and there is still a lot to learn about this enigmatic bird,” he added.
Persons: dodo, Beth Shapiro, , Matt James, James, Holger Hollemann, Tatayah, ” Tatayah, , dodos, Ben Birchall, Julian Hume, ” Hume, Ben Lamm, “ We’re Organizations: CNN, Colossal Biosciences, Mauritian Wildlife Foundation, Getty, Gorges, Colossal, , White Rhino, Biosciences Locations: Mauritius, Rodrigues Island, Asia, Nicobar, Park, “ Mauritius, Aigrettes, Ile
Tom Werner | Digitalvision | Getty ImagesIf you elected not to participate in your company's 401(k) plan, your employer may have other ideas. The concept of 401(k) plan "reenrollment" has been gaining traction. Most companies, about 85%, direct workers' savings into target-date funds if they're automatically enrolled, according to PSCA data. Workers receive a notification from their employer ahead of reenrollments and have the chance to opt out or reduce their contribution. Employers' hope is that inertia will cause workers to stay in the plan rather than opt out.
Persons: Tom Werner, Digitalvision, reenrollments, Sean Deviney, they're Organizations: of America, Workers, Employers Locations: Fort Lauderdale , Florida, reenrollments
Speaking as world leaders convened in Dubai in the United Arab Emirates on the second day of the COP28 summit, Gates said he believed there were many encouraging climate solutions but that these projects required the necessary support from policymakers and business leaders. "And that requires government policies, it requires the big corporations to come in and so all these different communities that have to come together, they are represented here." COP28 is the United Nations' biggest and most important annual climate conference. The two-week long summit got underway on Thursday, with more than 160 world leaders expected to attend — alongside an estimated 70,000 delegates. "And so, facilitating the speed of innovation and the speed of the scale up, that's my big hope for COP28."
Persons: Bill Gates, Gates, CNBC's Tania Bryer Organizations: UNITED, EMIRATES, Microsoft, United Arab Emirates, United Nations Locations: Dubai, United
Jahmy Hindman is senior vice president & chief technology officer of Deere & Company , a position he has held since July 2020. The best example of this is our See & Spray technology. Before AI, farmers had to spray the entire field to get rid of the weeds. AI will also help us reach our goal of creating a fully autonomous production cycle for corn and soybean farmers by 2030. An example of this is the ability to retrofit See & Spray technology onto a sprayer built in 2018.
Persons: Jahmy Hindman, Hindman, John Deere, we've, we'll, we're, It's, it's Organizations: Deere & Company, Solutions, CNBC, Summit, Technology, Big Tech, Hindman : Technology, Deere Locations: Hindman
REUTERS/Thaier Al Sudani Acquire Licensing RightsTOKYO, Dec 1 (Reuters) - Japan will stop building new coal power plants that do not have emission reduction measures in place, Prime Minister Fumio Kishida told the COP28 climate summit in Dubai on Friday. "In line with its pathway to net-zero, Japan will end new construction of domestic unabated coal power plants, while securing a stable energy supply," Kishida said. Japan will also try to decrease its reliance on currently operational coal plants, he said, without elaborating further. The official, who declined to be named, said Japan may build abated coal power plants should the technology emerge. About 25% of Japan's electricity was generated by nuclear power in 2010, a year before a giant earthquake and tsunami caused a triple-core meltdown at the Fukushima nuclear power plant and initially displaced some 470,000 people.
Persons: Fumio Kishida, Al Sudani, Kishida, Ember, Sakura Murakami, Ekaterina Golubkova Organizations: Japan's, United Nations, Change, United Arab Emirates, REUTERS, Rights, Thomson Locations: Dubai, United Arab, Japan, United States, China, India, Tokyo
According to the International Maritime Organization, shipping accounts for close to 3% of global annual emissions of CO2 and other greenhouse gases. Yara International, one of the world’s biggest fertilizer makers, has joined forces with its subsidiary Yara Clean Ammonia and Norway’s North Sea Container Line to work on the ship, which will transport goods between Norway and Germany. However, Yara Clean Ammonia plans to provide a mix of “blue” and “green” ammonia for the Yara Eyde. In “blue” ammonia production, CO2 emissions are captured at the source and stored underground, while “green” ammonia is made using renewable electricity. In August last year, the company said it would launch the first carbon-neutral vessel by the first quarter of 2024.
Persons: Svein Tore Holsether, , Norway Victoria, It’s, Faïg Abbasov Organizations: London CNN, Yara, CNN, International Maritime Organization, International Energy Agency, Norway Victoria Klesty, Transport & Environment, Maersk Locations: Norwegian, decarbonization, Norway, Germany, Porsgunn, Brussels
According to a recent calculation by a team of biologists and geologists, there are a more living cells on Earth — a million trillion trillion, or 10^30 in math notation, a 1 followed by 30 zeros — than there are stars in the universe or grains of sand on our planet. Still, it boggled my mind that such a calculation could even be performed. Could Earth harbor even more life? How much life is too much? The finding “allows us to more quantitatively ask questions about alternative trajectories life could have taken on Earth and how much life could be possible on our planet.”
Persons: I’ve, ” Peter Crockford Organizations: Carleton University Locations: Ottawa
Nature-inspired elements help to create a serene environment. Stone sinks look calming. Prasit photo/Getty ImagesInterior designer and founder of Dream Home Making Elizabeth Grace said there's a rising trend in embracing nature-inspired elements like organic materials and botanical accents. According to the expert, the trend promotes "a sense of tranquility and wellness, fostering a connection with nature amidst the hustle and bustle of modern life." People can incorporate organic elements into their spaces through natural-stone sinks, wooden vanities, or even calming potted plants.
Persons: Elizabeth Grace, there's
Its most advanced silicon is primarily manufactured by one vendor, Taiwan Semiconductor Manufacturing Company. "We built what we call the unified memory architecture that is scalable across products," Srouji said. Apple's silicon team has grown to thousands of engineers working across labs all over the world, including in Israel, Germany, Austria, the U.K. and Japan. The primary type of chip Apple is developing is known as a system on a chip, or SoC. Apple's senior director of hardware validation Godfrey D'Souza shows off an M3 SoC in an Apple chip lab in Cupertino, California, on November 14, 2023.
Persons: John Ternus, Srouji, we're, Katie Tarasov, Andrew Evers, Ben Bajarin, Bajarin, Apple, Apple there's, Pro Max, Kaiann Drance, That's, who's, Ternus, Nvidia —, Tesla, Stacy Rasgon, Apple's, Godfrey D'Souza, Sydney, they've, Rasgon, Apple's Srouji, It's Organizations: AMD, MU, Apple Watch, U.S, Apple, Intel, Taiwan Semiconductor Manufacturing Company, Microsoft, CNBC, Apple's, Amazon, Google, Tesla, Semiconductor, Creative, Pro, Triple, MacBook Air, Qualcomm, Nvidia, Bernstein Research, Sydney Boyo, Bluetooth, Broadcom, Samsung, Micron, Thursday Apple Locations: Cupertino , California, Israel, Germany, Austria, Japan, Silicon Valley, San Diego, Austin , Texas, AirPods, Taiwan, China, Arizona, Peoria , Arizona, Asia, Europe, U.S
Over 80 years ago, a US warship was badly damaged by a Japanese torpedo during the Battle of Tassafaronga. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The torpedo wrecked the New Orleans' forward magazines and gas tanks and damaged its hull, but the ship didn't fully sink. With limited resources or friendly ports out near Tassafaronga Point on Guadalcanal, the New Orleans crew had to improvise. The New Orleans arrived in Sydney on December 24 and later received a new bow, among other repairs.
Persons: Organizations: Service, US Navy, US Naval Institute, — U.S . Naval Institute, Imperial Japanese Navy, Naval, Heritage Command, Navy, New Orleans, The, New Locations: Tassafaronga, New Orleans, Sydney, Australia, , Sound, Orleans, Guadalcanal, The New Orleans, Coral, Midway, Philippine, Japan
Maine officials said they seized some 3,400 marijuana plants and 111 pounds of processed marijuana in June at a property in Carmel, Maine, identified as one of many unlicensed marijuana-growing operations in the state run by Chinese networks. Photo: Penobscot County Sheriff’s OfficeCARMEL, Maine—An astronomical electricity bill was the first tipoff that something unusual was going on at a former chicken farm in this town of 3,000 people off Interstate 95. A Massachusetts-registered construction company had bought the 5.5-acre property in 2021. But instead of construction equipment moving in, a new power pole sprang up. Electricity use jumped to nearly $7,000 in December 2022 from $600 a month a year earlier.
Organizations: Office Locations: Maine, Carmel , Maine, Penobscot County, Office CARMEL, Massachusetts
Ford takes $1.7 billion profit hit from UAW strike
  + stars: | 2023-11-30 | by ( ) www.reuters.com   time to read: +3 min
The automaker now expects adjusted earnings before interest and taxes (EBIT) of $10 billion to $10.5 billion for 2023. In July, it forecast adjusted EBIT of $11 billion to $12 billion. Ford said the new outlook included $1.6 billion in lost profits in the fourth quarter due to interruptions in production of high-margin trucks and SUVs. A month into the strikes, Ford said the company was "at the limit" of what it could spend on higher wages and benefits. The deal UAW leaders finally approved included a pay hike of at least 30% for full-time workers and more than double pay for others.
Persons: David, Dee, Delgado, Ford, Shawn Fain, walkouts, Bill Ford, Tesla, Nathan Gomes, Anil D'Silva Organizations: New York, REUTERS, Ford, GM, UAW, Canadian, Chrysler, EV, Thomson Locations: Manhattan , New York City, U.S, United States, Michigan, Bengaluru
DETROIT (AP) — A six-week United Auto Workers strike at Ford cut sales by about 100,000 vehicles and cost the company $1.7 billion in lost profits this year, the automaker said Thursday. The company now expects to earn $10 billion to $10.5 billion before taxes in 2023. UAW workers shut down the company's largest and most profitable factory in Louisville, Kentucky, which makes big SUVs and heavy-duty pickup trucks. The UAW strike began Sept. 15, targeting assembly plants and other facilities at Ford, General Motors and Jeep maker Stellantis. At the end of the contract top-scale assembly workers will make about $42 per hour, plus they’ll get annual profit-sharing checks.
Persons: John Lawler, Ford, Lawler, Shawn Fain Organizations: DETROIT, United Auto Workers, Ford, UAW, Barclays Global Automotive, Mobility Technology, General Motors Locations: Dearborn , Michigan, Louisville , Kentucky, New York
Instead of the tech-bro campuses of the mid-2000s, workplaces were starting to look more trendy, sophisticated and hospitality-adjacent. The questions Anna and I first discussed were: What’s the next phase of office design? The Envy Office looks less masculine. Do these workplaces feed into a better office culture or boost productivity? Everything from the way a hallway is designed to the inclusion of plants can shape people’s behaviors and emotions in any space.
Persons: GOLDBERG, , Nikil Saval, Anna, Roarke
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