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☆ Uber CEO Dara Khosrowshahi: We are totally committed to the electrification of our fleets
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUber CEO Dara Khosrowshahi: We are totally committed to the electrification of our fleetsUber CEO Dara Khosrowshahi joins 'Squawk Box' to discuss the company's EV push, whether the company's zero-emission goal is at risk, the EV market at large, the acquisition and subsequent closure of Drizly, impact of AI, and more.

Persons: Dara Khosrowshahi

(AP) — Montana's Supreme Court has rejected an attempt by the state's Republican governor to block a landmark climate ruling that said regulators must consider the effects of greenhouse gas emissions when issuing permits for fossil fuel development. Greg Gianforte and three state agencies to block the August ruling from District Court Judge Kathy Seeley while an appeal by the state is pending before the high court. The state high court ruling means Montana officials must “immediately comply” with Seeley's order pending the appeal, said Mark Bellinger, an attorney for Our Children's Trust, which represented the 16 young plaintiffs who brought the case. The Department of Environmental Quality has created a work group to discuss potential changes to how it uses the Montana Environmental Policy Act, which requires public input in fossil fuel and mining development. Last year's amendment by lawmakers forbid greenhouse gas emission analyses unless the federal government decided to regulate carbon dioxide as a pollutant.

Persons: HELENA, —, Greg Gianforte, Kathy Seeley, Seeley, Seeley “, “, Mark Bellinger, Chris Dorrington, “ We’re, ” Dorrington Organizations: Republican, Gov, Montana Department of Environmental, Energy, Montana Legislature, Republicans, Environmental Locations: Mont, Montana, Yellowstone, Laurel

☆ Good news, bad news: U.S. emissions shrank last year, but very slowly
▼ + stars: | 2024-01-10 | by ( Evan Bush | ) www.cnbc.com time to read: +4 min

Carbon emissions shrank in 2023 even as the economy grew, a sign the U.S. is plodding toward a more sustainable future. "This is the first time since 2019 that the economy has grown while emissions have fallen," said Ben King, an associate director leading the Rhodium Group energy team. U.S emissions fell sharply in 2020 during the coronavirus pandemic, when activities were restricted, and then rebounded in the two years that followed. The Biden administration, which rejoined the Paris Climate Agreement in 2021, said it would target emission cuts of 50% to 52% by 2030. The power and buildings sectors were responsible for the 2023 emissions decline, according to the Rhodium analysis.

Persons: Ben King, Biden, King, Joe Biden's Organizations: U.S, Stockholm Environment Institute, EV, U.S . Locations: Los Angeles, Los Angeles , California, Paris, Stockholm, Greenland, West Antarctica, East Antarctica, U.S

CHANNELVIEW, Texas — For nearly 20 years, Texas environmental regulators have kept a disturbing secret. AdvertisementTexas Community Health News; Texas Commission on Environmental Quality"Any exposure to a carcinogen increases your risk of developing cancer. AdvertisementTim Doty, a former TCEQ mobile air monitoring expert, at the industrial edge of River Terrace Park in Channelview, Texas. In fact, the agency rarely fines companies that violate Texas air pollution laws. Mark FelixHoneycutt's toxicology division soon took an even more dramatic step to weaken Texas' benzene guidelines.

Persons: Loren Hopkins, Hopkins, Mark Felix, TCEQ, AirToxScreen, AirToxScreen Harris County Attorney Christian Menefee, Menefee, Tim Doty, Doty, Solv, He'd, Glenn Shankle, Kelly Keel, Todd Riddle, Riddle, Lopez, Joe Lopez, Dora, Joel Lopez, Randy Lopez, It's, Joel, Felix Benzene, wildcatters, Houston —, Forbes, Lorenzo de Zavala, Alison Cohen, Cohen, Tim Doty's, Houston Mayor Bill White, Shankle, Michael Honeycutt, Valerie Meyers, Meyers, Mark Felix Meyers, Richard Hyde, John Sadlier, Ryder, Hyde, hadn't, Russell Allen, Matt Baker, Jacintoport, Cloelle Danforth, Public Health Watch —, Danforth, Mark Felix Honeycutt's, Eric Schaeffer, Schaeffer, Honeycutt, Jim Tarr, polluters, upended, Mark Felix Fracking, Barnett, Glenn Shankle —, —, Rick Perry, Perry, Sadlier, David Bower, misstep, Baker, Bower, Michael Burgess, Greg Abbott, Abbott, Mark Felix Meanwhile, Randy, That's, Carolyn Stone, Stone, Carolyn Stone's, Mark Felix The, Cynthia Benson, Benson, Mark Felix Tim Doty, Mark Felix K, Jordan Gass Organizations: Public Health Watch, Texas Commission, Environmental, American Petroleum Institute, Oceanic, Atmospheric Administration, U.S . Navy, Geospatial - Intelligence Agency, General, Health, Public Health, Rice University, Environmental Protection Agency, Texas Community Health, AirToxScreen Harris County Attorney, polluters, Mark Felix Public Health, TCEQ, Solv, Mark Felix Public Health Watch, myelodysplasia, Houston, Oil, Gas Watch, Texas, Houston Ship, University of California, Houston Mayor, ., . Texas Community Health, NASA, Exxon Mobil, Public, Watch, Environmental Defense Fund, Management, Civil, Air Alliance Houston, Republican, Fort, United, Texas toxicologist, EPA, Texas Tribune, Google, Land Office, . Geological Survey, National Oceanic, Firefighters, U.S . Occupational Safety, Health Administration, Channelview, Improvement Coalition, Health Watch, San Jacinto, K, Texas Legislature, Solv Group, Services Locations: , Texas, Texas, Houston, Channelview's Jacintoport, San Jacinto, California, Jacintoport, Channelview , Texas, AirToxScreen Harris County, Channelview, Harris County, United States, North Channelview, Gulf, Terrace, Joel's, Houston , Texas, Spindletop, Mexico, Republic of Texas, Port of Houston, San Francisco, . Texas, That's, polluters, lacquers, Dallas, Fort Worth, Fort Worth City, Austin, Round, Minnesota, Galveston, U.S

☆ ‘It’s game on’: The world’s largest iceberg is on the move. Scientists explain why it matters
▼ + stars: | 2023-12-06 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

"It's just astonishingly big and it's a reminder of how much risk we're at from sea level rise." "Antarctica has historically been quite a small contributor to sea level rise, but it is growing, and it is taking up a bigger and bigger share of the sea level rise that we see every year," he added. "So, it's a symbol of the growing dominance of Antarctica in the sea level rise equation." This temperature threshold is widely recognized as crucial because so-called tipping points become more likely beyond this level. Tipping points are thresholds at which small changes can lead to dramatic shifts in Earth's entire life support system.

Persons: Robbie Mallett, A23a, Mallett, Mallet, That's, Gail Whiteman, Taalas, Hollie Adams, NASA Modis Organizations: United Arab Emirates, Continent, University of College London, CNBC, United, NASA, World Meteorological Organization, University of Exeter, WMO, Expo, Bloomberg, Getty Images Bloomberg, Getty Locations: DUBAI, United Arab, Antarctica, New York City, United Arab Emirates, South Georgia, Dubai, COP28, Green

☆ How old fishing nets could be part of the climate crisis solution
▼ + stars: | 2023-12-05 | by ( Paul Glader | ) edition.cnn.com time to read: +10 min

De Bouter’s company, Brikole, is a startup “circular business” that recycles discarded nets from the industrial tuna fishing industry. Kyle de Bouter holds board shorts made of recycled Nylon fishing nets similar to the kind he is recycling. Since the area is prime for fishing, especially tuna fishing, many in Seychelles believe those industries are a good place to start. He championed activity by “inventive young entrepreneurs” to improve society, mentioning recycled fishing nets as one example. “This is solving the problem of exhausted fishing nets,” said Julio Morón, a managing director of the Spanish tuna fishing organization called OPAGAC.

Persons: Seychelles CNN — Kyle de Bouter, ”, De, Kyle de Bouter, Paul Glader, CNN “, de Bouter, Joshua Tiatouse, CNN De Bouter, Ellen MacArthur, Eduardo Soteras, James Alix Michel’s, Michel, De Bouter, Julio Morón, Brikole, Bouter, de, Manuel Sigren, Bureo, Joshua Tiatousse, Tiatousse, “ Organizations: Seychelles CNN, United Nations, CNN, Bank, “ Department of Blue, Ellen MacArthur Foundation, Washington Post, Economy Research, University of Seychelles, snags, Electricity, Bureo, DuPont, BASF, DOMO Chemicals, Grandview Research Locations: Victoria, Seychelles, Patagonia, Spain, France, South Korea, Kosovo, Ghana, Philippines, Mahé, “, Dubai, China, California, Africa, Asia, Grandview

☆ Will guilt-free long-haul flights ever be possible? Here’s what we know
▼ + stars: | 2023-12-04 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +13 min

Sustainable aviation fuel, or SAF, is a type of alternative jet fuel that can curb carbon emissions by up to 80%. The main reason for the slow adoption is that it’s still more expensive – between 1.5 to 6 times pricier than regular jet fuel. Boeing is not out of the race either, but doesn’t see a hydrogen long-haul plane as around the corner. On medium- and long-haul flights, we don’t see it as a direct source of propulsion until 2040. We would need to see magnitude-order changes [in batteries] for us to consider those for long-haul flights.

Persons: ”, Gary Crichlow, Gökçin Çınar, Ryan Faucett, Alexandre Doumenjou, Andreas Schäfer, Britten, “, Artemis, that’s, Boeing’s Faucett, “ You’re, Schäfer Organizations: CNN — Aviation, Boeing, “, Aviation Environment Federation, SAF, Airbus, University of Michigan, CNN, Virgin Atlantic, University College London, Cranfield Aerospace, Norman, Engineers, NASA, Critchlow Locations: London, Bangkok, New York, California, ZeroAvia

☆ China's emission reduction targets don't go far enough: U.S. deputy secretary for energy
▼ + stars: | 2023-12-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's emission reduction targets don't go far enough: U.S. deputy secretary for energyU.S. Deputy Secretary for Energy David Turk discusses countries' emissions targets, the need for big profit-making companies to invest more in the energy transition, and controversial comments at the COP28 summit.

Persons: Energy David Turk Organizations: Energy

If China and India were excluded from the count, world carbon dioxide emissions from the burning of fossil fuels and cement manufacturing would have dropped, Friedlingstein said. The world in 2023 increased its annual emissions by 398 million metric tons, but it was in three places: China, India and the skies. China’s fossil fuel emissions went up 458 million metric tons from last year, India’s went up 233 million metric tons and aviation emissions increased 145 million metric tons. Outside of India and China, the rest of the world’s fossil fuel emissions went down by 419 million metric tons, led by Europe’s 205 million metric ton drop and a decrease of 154 million metric tons in the United States. Last year the world's carbon emissions increased but dropped in China, which was still affected by a second wave of pandemic restrictions.

Persons: Pierre Friedlingstein, Jim Skea, ” Friedlingstein, Friedlingstein, India’s, Inger Andersen, ___ Read, Seth Borenstein Organizations: United Arab Emirates, Carbon Project, University of Exeter, United Nations Environment, AP Locations: DUBAI, United Arab, China, India, Paris, COP28, United States, 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

The United States will, for the first time, require oil and gas producers to detect and fix leaks of methane, a potent greenhouse gas that wafts into the atmosphere from pipelines, drill sites and storage facilities and dangerously speeds the rate of global warming. Michael S. Regan, the administrator of the Environmental Protection Agency, announced the regulation in Dubai, where diplomats from nearly 200 nations have gathered for a two-week United Nations climate summit. Methane is not as widely discussed as the carbon dioxide that results from burning fossil fuels, but it has become a rare area of progress this week at the global talks. Vice President Kamala Harris, the top-ranking American official to visit the summit, was expected on Saturday to highlight the new rule in a speech to delegates. She was also set to announce several other new climate policy initiatives from the administration.

Persons: Michael S, Regan, Kamala Harris Organizations: Environmental Protection Agency Locations: States, Dubai, Nations, Brazil, Kenya, India, United States

☆ Satellites are the new climate police for oil and gas polluters
▼ + stars: | 2023-12-02 | by ( Catherine Boudreau | Erin Snodgrass | ) www.businessinsider.com time to read: +8 min

Fifty oil and gas companies pledged to zero out methane emissions by 2030 at the UN climate summit. Satellites are the next tool that will hold oil and gas companies accountable in their promise to cut methane emissions and slow global warming. Many state-owned oil companies signed on, including the UAE's Adnoc, as well as Saudi Arabia's Saudi Aramco. This, in turn, means oil and gas companies responsible for the plumes can be notified faster and potentially take action. The country's state-owned oil companies are also absent from the "decabonization charter" announced in Dubai.

Persons: Adnoc, Catherine Boudreau, Erin Snodgrass, Michael Bloomberg, Sultan Al Jaber, Peter Dejong, Fred Krupp, Bloomberg Philanthropies, Melanie Robinson, Robinson Organizations: ExxonMobil, Shell, Service, United, Saturday, Environmental Defense Fund, Bloomberg, UN, Summit, EDF, IEA, RMI, European Union, Environmental Protection Agency, EPA, EU, Russia —, World Resources Institute Locations: Saudi Aramco, Dubai, United Arab Emirates, Los Angeles, Saudi, Argentina, EU, Glasgow, Scotland, China, Russia

☆ Japan to stop building unabated coal power plants, PM Kishida tells COP28
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +3 min

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

☆ So, an Oil Cartel Walks Into a Climate Summit …
▼ + stars: | 2023-12-01 | by ( Jim Tankersley | More About Jim Tankersley | ) www.nytimes.com time to read: +1 min

In a far corner of the temporary village housing the United Nations climate summit, the world’s largest cartel of fossil fuel producers plied skeptical young activists with chocolate and free pens. A continent away, in Vienna, the cartel’s members were voting to give the summit what amounts to another very small climate treat: at least a temporary reduction in oil and gas drilling. That’s the opposite of what President Biden, who has made climate policy a top priority during his administration, is delivering from the United States. Those delegates are celebrating an accelerating global transition toward low-emission sources of energy like wind and solar power. But expanding renewables is not enough to save the planet, scientists warn, so many delegates are demanding that the world rapidly phase out its use of fossil fuels.

Persons: Biden Organizations: United Arab Emirates, Organization of, Petroleum Locations: United Nations, Vienna, United States, Dubai

☆ SpaceX rockets are burning bright red holes in Earth's atmosphere and they're becoming too common for astronomers' comfort
▼ + stars: | 2023-11-30 | by ( Maiya Focht | Lloyd Lee | ) www.businessinsider.com time to read: +5 min

SpaceX rockets are ripping brightly colored holes in the Earth's ionosphere. AdvertisementSpaceX rocket launches are punching holes in part of Earth's atmosphere, called the ionosphere, and it's a beautiful sight to behold. The holes appear as bright red blobs in the sky. Recently, these spherical red blobs have been popping up over MacDonald Observatory in Texas, which has astronomers slightly worried for the future. AdvertisementHow ionospheric holes could disrupt astronomical observationsThese bright red blobs don't last long.

Persons: —, Stephen Hummel, Spaceweather.com, Hummel, Jeffrey Baumgardner, Baumgardner Organizations: SpaceX, Service, MacDonald Observatory, McDonald Observatory, Center for Space Physics, Boston University, Saturn, Kennedy Space Center, Science Magazine, McDonald Locations: Texas, California, Florida

☆ ‘Backtracking:’ A year of climate failures ahead of a crucial summit
▼ + stars: | 2023-11-30 | by ( Laura Paddison | ) edition.cnn.com time to read: +11 min

And yet, even as the climate crisis inserts itself viscerally into people’s lives, experts say the year has seen alarming backsliding on climate action. Green policies have been watered down, huge new oil and gas projects have been greenlit and coal has had something of a resurgence. As countries gather in Dubai for the UN’s COP28 climate summit, there are “high expectations,” said Harjeet Singh, the head of global political strategy at nonprofit Climate Action Network International. It sent worrying signals about climate backtracking, said Elisa Giannelli, a senior policy advisor at climate think tank E3G. Around 50% of its total capital spending needs to go toward clean energy projects by 2030, according to the report.

Persons: ”, Harjeet Singh, Kaveh Guilanpour, Singh, Biden, “, Erik Grafe, Joe Biden, Countess, Norway —, Elisa Giannelli, “ It’s, Rishi Sunak, Joeri Rogelj, Flora Champenois, It’s, Bernd Lauter, ” Rogelj, Darren Woods, Bernard Looney, Fatih Birol, Guilanpour, Claire Fyson, ” Fyson, “ we’re, ” CNN’s Ella Nilsen, Ivana Kottasová, Gan Organizations: CNN, United Nations, Action, “, Climate, Energy Solutions, US Department of Interior, Imperial College London, Global Energy Monitor, GEM, Getty, BP, Chevron, ExxonMobil, Shell, Exxon, IEA, Climate Analytics Locations: Canada, Libyan, Dubai, Alaska, Washington ,, Australia, Norway, Europe, Germany, China, Asia, Ukraine, Eschweiler, COP28

☆ Leaders Back a Climate Fund and Voice Frustrations at COP28
▼ + stars: | 2023-11-30 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

On the first day of the U.N.’s climate summit, known as COP28, diplomats from nearly 200 countries approved a draft plan for a fund to help poor countries hit by climate disasters. The speedy adoption of the fund, which developing nations fought more than 30 years to create, was widely viewed as a positive sign for the two-week summit in Dubai. Some climate advocates are frustrated that COP28 is being hosted by the United Arab Emirates, which is ramping up its production of oil and has been accused of using its host position to promote its fossil fuels. However, David said that recent developments offered hope for the summit. Two weeks ago, the U.S. and China, the world’s two biggest polluters, agreed to accelerate efforts to sharply increase clean energy, although they didn’t provide a timeline.

Persons: ”, David Gelles, David Organizations: United Arab Emirates Locations: Dubai, U.S, China

Climate Action Against Disinformation found that, in every month since COP27, the hashtag #climatescam generated more retweets and likes than #climatecrisis and #climateemergency on X, the platform formerly known as Twitter. Researchers attributed much of #climatescam’s traction to a small group of influential accounts, which they said tended to be far more vocal about climate denial on X than on platforms like Facebook and Instagram. Some of the sites pushing climate disinformation made money from ads — a revenue stream that researchers said was enabled by more than 150 advertising exchanges owned by some of the largest tech companies. The marketplaces, which largely use automated auctions to buy and sell online ads, placed ads on at least 15 websites known for hosting climate denial content, according to the report. Doing so flouted policies set up by many of the exchanges to block climate denial content and other disinformation from being monetized.

Persons: Bean, ” Organizations: Twitter, Facebook Locations: Russia, China, United States

☆ AI, autonomous systems, and digital connectivity could help ships cut emissions
▼ + stars: | 2023-11-30 | by ( Amanda Paule | ) www.businessinsider.com time to read: +10 min

Autonomous and AI systems could help reduce ships' fuel use. "The only time the maritime industry is ever on the front page of a paper is when there's an accident. Sea Machines RoboticsJohnson said he saw that decarbonization was not only a bonus of Sea Machines' technology but its best value proposition. The Sea Machines Robotics team can monitor (and celebrate) autonomous vessel operations from a control room. Smart-Ship's "Throttle & Bow Buster" is one of three force-feedback levers they offer to help ships increase safety and fuel savings.

Persons: —, AP Moller, Michael Johnson, Johnson, who's, Sea Machines Robotics Johnson, decarbonization, they've, Jelle, Jelle Tiemensma, Sofia Fürstenberg Stott, Stott, Mikael Lind, Lind Organizations: Service, International Maritime Organization, AP Moller, Maersk, AP, AP Moller Holding, Business, Companies, Crowley, Machines, Sea Machines Robotics, Machines Robotics, Smart, Sofia, Sustainable Shipping, Research Institutes of Sweden, International

☆ Some electric vehicles can charge while they drive thanks to special coils installed under a street in Detroit
▼ + stars: | 2023-11-29 | by ( Associated Press | ) www.businessinsider.com time to read: +3 min

A street in Detroit, Michigan has newly installed induction charging coils. The coils charge some electric vehicles when they're parked, driving, or idling. AdvertisementCrews have installed what's billed as the nation's first wireless-charging public roadway for electric vehicles beneath a street just west of downtown Detroit. Copper inductive charging coils allow vehicles equipped with receivers to charge up their batteries while driving, idling, or parking above the coils. The wireless-charging roadway helps puts Michigan and Detroit at the forefront of electric vehicle technology, officials said.

Persons: —, Crews, Gretchen Whitmer, Stefan Tongur, Tongur, Electreon, Biden, Bradley C, Wieferich Organizations: Service, Michigan Department of Transportation, Michigan Central Innovation District, Ford Motor Co, Michigan Central, Michigan Gov, Smart, Department of Transportation Locations: Detroit , Michigan, Detroit, Israel, Sweden, Italy, Germany, Michigan, United States

Greenhouse gas emissions from burning fossil fuels are the biggest cause of climate change. "We have a world which has more fossil fuels than ever," said Ani Dasgupta, president of the World Resources Institute, a climate NGO. U.S. officials and others are hopeful a recent climate deal between the U.S. and China may also set a positive tone for the talks. Another test is whether wealthy nations announce money for the fund at COP28 - to the tune of hundreds of millions of dollars. "Speaking from previous experience, unfortunately most of the global agreements, most of the global climate related pledges went uncompleted," said Najib Ahmed, National Consultant at Somalia's Climate Ministry.

Persons: Sultan al, Jaber, ADNOC, Ani Dasgupta, Narendra Modi, Britain's King Charles, Joe Biden, Gayane, Najib Ahmed, Valerie Volcovici, Josie Kao Organizations: OPEC, United Nations, International Energy Agency, BBC, World Resources Institute, Indian, European Union, Reuters, U.S, FINANCE, EU, Climate Ministry, “, Thomson Locations: Paris, France, WASHINGTON, BRUSSELS, Dubai, UAE, U.S, China, India

Darren Woods, CEO of ExxonMobil, speaks at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S., November 15, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsHOUSTON, Nov 29 (Reuters) - Exxon Mobil Corp (XOM.N) Chief Executive Darren Woods is making plans to attend the COP28 climate summit in Dubai next week, two people familiar with the matter said, in what would mark a first for an Exxon CEO, if confirmed. Woods is expected to advocate that reducing carbon emissions should be a priority in addressing climate change, rather than reducing oil production. "We commit to solving the world’s energy and emissions challenges simultaneously," Darren Woods said at the APEC CEO summit earlier this month. Exxon says technology advancements allowed it to join the initiative and that the decision guards no relation with Pioneer's acquisition.

Persons: Darren Woods, Carlos Barria, Woods, Sultan al, Jaber, Exxon's, Matt Kolesar, Sabrina Valle, Sarah McFarlane, Josie Kao, Aurora Ellis Organizations: ExxonMobil, Economic Cooperation, REUTERS, Rights, Exxon Mobil Corp, Exxon, APEC, Abu, Abu Dhabi National Oil Company, United, Natural Resources, Gas Methane Partnership, Reuters, United Nations Environment Programme, Shell, BP, Conoco, Chevron, Thomson Locations: Asia, San Francisco , California, U.S, Dubai, Abu Dhabi, United Nations, OGMP, Occidental

TOKYO (AP) — Toyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations, Japan's top automaker said Wednesday. The move is estimated to raise about 290 billion yen ($2 billion), given recent share prices. Toyota affiliates, Toyota Industries and Aisin, are also selling a portion of their Denso shares, officials said. Toyota officials have acknowledged they have fallen behind in the industry shift toward electric vehicles, and they have been aggressively playing catch-up. Toyota officials hinted other such offers may be in the works but declined to give specifics.

Persons: ”, Masahiro Yamamoto, Yamamoto, Yamamato, Yuri Kageyama Organizations: TOKYO, Toyota, Toyota Motor Corp, Denso Corp, Toyota Industries, Lexus, KDDI Corp

Here's what you need to know:WHAT ARE CARBON OFFSETS? Supporters of carbon offsets see them as key means to help meet these goals. At the COP26 climate summit in Glasgow, negotiators reached a breakthrough agreement to regulate trading of carbon credits, in schemes first envisioned in Article 6 of the 2015 Paris Agreement. Separate from the offsets trading envisioned under the Paris Agreement, there are two existing types of carbon markets – compliance and voluntary. It is not yet clear how various existing carbon markets might play into the U.N.-run trading scheme, which also would depend on national laws.

Persons: Chris Pryor, Elizabeth Frantz, WHAT'S, Marco Berg, Gilles Dufrasne, IETA, Jake Spring, Kate Abnett, Susanna Twidale, Katy Daigle, Josie Kao Organizations: New England Forestry Foundation, REUTERS, KliK Foundation, BE, Carbon Market Watch, Compliance, European Union, London Stock Exchange Group, Thomson Locations: New, Hersey, New Hampton , New Hampshire, U.S, Glasgow, Paris, U.S ., California

☆ The cost of climate policies: Hard-pressed consumers are pushing back
▼ + stars: | 2023-11-28 | by ( Hanna Ziady | ) edition.cnn.com time to read: +11 min

In a 2022 Pew survey covering 19 countries in North America, Europe and the Asia-Pacific region, climate change was named the top global threat. Aira UK“There is no trade-off between (installing a heat pump), saving the planet and at the same time saving the pockets of consumers,” CEO Martin Lewerth told CNN. “If you’re living outside Scandinavia and you want a heat pump, it’s not a hassle-free experience,” Lewerth acknowledged. “There is no scenario in which delay is the cheaper option with climate change,” said Bob Ward, policy and communications director at the Grantham Research Institute on Climate Change and the Environment at the LSE. “If we’d invested more in renewable energy… energy bills wouldn’t have gone up so much, which disproportionately impacted on poor households,” Valero at the LSE told CNN.

Persons: ”, ” Brett Meyer, Tone, Tony Blair, ” Langengen, Meyer, Anna Valero, Keith Mayhew, Oliver Blume, doesn’t, Rishi Sunak, Kelley, Martin Lewerth, Sunak, ” Lewerth, “, Bob Ward, we’d, ” Valero, Tim Jackson Organizations: London CNN, Times Radio, Tony, Tony Blair Institute for Global, Pew, London School of Economics, Political Science, CNN, HSBC, carmakers, Volkswagen, Grantham Research, LSE, ”, Swiss, Confederation of British Industry, Centre, Prosperity, University of Surrey Locations: London, Europe, North America, Asia, Pacific, Greece, United Kingdom, United States, Germany, “, Norway, Sweden, Aira, Essex, Swedish, Britain, Scandinavia, Grantham, Ukraine

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