Carbon registry Isometric has become the first to receive a formal endorsement from the three most prominent verification bodies in the carbon market space.Following accreditations from ICROA in March and a conditional approval from CORSIA earlier in December, last week saw the ICVCM also grant its approval.With the latter Isometric will now be able to issue credits with the coveted Core Carbon Principles label that buyers see as a sign of trustworthiness.Speaking with Carbon Herald Isometric’s Chief Commercial Officer Lukas May commented on the achievement by saying: “I think increasingly, over the last 12 months, companies are looking to the…
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Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress,” in the Dirksen Building on Nov. 30, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe Consumer Financial Protection Bureau on Friday sued the operator of the Zelle payments network and the three U.S. banks that dominate transactions on it, alleging that the firms failed to properly investigate fraud complaints or give victims reimbursement.The CFPB said customers of the three banks — JPMorgan Chase, Bank of America and Wells Fargo — have lost…
Walmart was the first U.S. retailer to make a zero-emissions commitment by 2040, without relying on carbon offsets. However, the company’s latest news release revealed that the retail giant is most likely to miss its greenhouse gas emissions targets. It aimed to cut absolute scope 1 and 2 GHG emissions by 35% by 2025 and by 65% by 2030 from 2015 levels. But these numbers now look foggy. The company revealed, “We anticipate achieving our near-and mid-term emissions reduction targets later than our 2025 and 2030 target dates.” Walmart’s Operational Emissions: Gains and Setbacks By the end of 2023, Walmart…
Investing.com — Natural gas prices in the U.S. and Europe have climbed in recent months, driven by supply and demand factors, including colder weather and geopolitical uncertainty. While this trend could continue for a while longer, BCA Research analysts say cyclical and structural factors argue against a sustained increase in prices. European benchmark prices hit a one-year high in December, reflecting the region’s lingering vulnerability due to reduced reliance on Russian gas. U.S. futures also neared a one-year high, partly anticipating higher demand for LNG exports to Europe if pipeline flows from Ukraine halt. The looming expiry of the Ukraine gas…
When it comes to investing, many people look back and wish they would have done something differently, like not pulling their money out of the stock market when things got dicey or saving more for retirement. But sometimes taking a look at the mistakes of others can help you make more informed financial decisions. We asked certified financial planners and advisors what their biggest investing regret is, and what mistakes they see clients making most often. Here are five things these financial professionals — and their clients — said they regret the most. 1. Not saving enough for retirement Not…
Investing.com — U.S. billionaire businessman Frank McCourt is planning a major overhaul of TikTok’s business model as part of a bid for the Chinese-owned short-form video app. McCourt, who previously owned the Los Angeles Dodgers baseball team, has received verbal commitments totaling $20 billion from a consortium of investors. The aim is to rescue TikTok from legal uncertainty as it awaits a Supreme Court decision that will determine if it must sell its U.S. operations. McCourt’s vision for TikTok involves a transformation of the company’s advertising model. Users would gain control over the ads and the type of content they…
By Bo Erickson, Katharine Jackson, Andy Sullivan and Richard Cowan WASHINGTON (Reuters) -Republicans in the U.S. Congress mounted a third attempt to avert a government shutdown on Friday with only hours to spare, after two previous plans were scuttled by President-elect Donald Trump and members of their own party. Republican Representative Ralph Norman told reporters that party leaders planned to hold a vote on a third spending bill, though he did not provide details. Others said they would not try to win over Democrats whose support likely will be needed to extend funding past midnight Friday (0500 GMT Saturday), when it…
By Georgina McCartney HOUSTON (Reuters) – Upstream oil companies wound down hiring in November, the Texas Independent Producers and Royalty Owners Association (TIPRO) said on Friday, ending five straight months of job growth. WHY IT’S IMPORTANT Hiring in the upstream sector, which includes activities related to drilling and producing oil, can serve as an indicator of the health of the oil and gas industry. Companies bringing on more employees could imply more drilling to come. TIPRO represents nearly 3,000 independent producers and royalty owners across Texas, home to the prolific Permian Basin which accounts for just under half of total…
By David Ljunggren OTTAWA (Reuters) -The head of a Canadian political party that has been keeping Prime Minister Justin Trudeau in power said on Friday he would present a motion of no-confidence in the government next year. New Democratic Party leader Jagmeet Singh made the commitment in an open letter. If all the opposition parties do vote together to bring down the minority Liberal government, Trudeau will lose power after nine years in office and an election will take place. The House of Commons is on a winter break and a formal motion of no-confidence cannot be presented until after…
The brief descriptions below are of my three favorites among the book reviews published in 2024 in Enterprising Investor. Throughout the year, our Review Team members generously share their expertise and experience in bringing to CFA charterholders’ attention books that offer insights, concepts, and techniques that are useful to them in their work. The three books that I highlight here stand out for their applicability to practical issues confronting investment decision-makers. I have derived tremendous benefits from serving as Book Review Editor since 1989, initially for the Financial Analysts Journal and since for Enterprising Investor. Writing some of the reviews…