Rubicon Carbon has launched the Rubicon Rated Tonne (RRT), a curated portfolio of carbon credits designed for businesses requiring third-party verification, the company said in a statement on Wednesday.The first RRT has received an AAport rating from BeZero Carbon, marking the first time a carbon credit portfolio has been assessed using BeZero’s new Portfolio Rating methodology.This AAport rating indicates that the credits within the portfolio have a “very high likelihood” of achieving one tonne of carbon dioxide equivalent (CO2e) avoidance or removal.The portfolio includes a mix of carbon removal, nature-based, and super-pollutant elimination projects, all vetted through Rubicon Carbon’s due…
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Nippon Steel and U.S. Steel said Wednesday they have finalized their deal that gives the U.S. government a say in some matters and comes a year-and-a-half after the Japanese company Source link
CNN — Still no movement. For its fourth meeting in a row, the Federal Reserve opted to leave unchanged its key short-term interest rate — which influences a host of rates on consumer financial products and bank accounts across the United States. That means that once again anyone with savings that they want to invest in stable, low-risk, interest-yielding assets is in luck. It may be especially good news for retirees, who are usually advised to keep a year’s worth of living expenses in interest-bearing accounts so that they won’t have to sell stocks from their portfolio when the market…
It’s easy to forget that the idea of investing in the entire market — passively and scientifically — was once heresy. But as listeners quickly learn in David Booth’s conversation with Larry Siegel on the Financial Thought Exchange, it was this very heresy that upended the investment industry over the last four decades. Booth, co-founder of Dimensional Fund Advisors (DFA), didn’t set out to change the world. In fact, he left academia precisely because he didn’t want to be the guy inventing new theories. His talent, he realized early on, was applying the breakthroughs others had already made. That insight,…
The French Senate has approved a new legislation that puts strict rules on ultra-fast fashion brands like SHEIN and Temu. This bill bans ads for brands that harm the environment and fines those that don’t follow sustainability rules. The goal is to push the fashion industry toward more eco-friendly practices with lower carbon footprint, aiming to do the following: Bans ads for brands that fail to meet environmental standards. Imposes rules for transparency. Fines those who break these rules. Starting in 2025, brands may face a €5 tax per item, rising to €10 by 2030, based on their environmental impact.…
“The carbon markets are maturing. The next phase is product-based carbon programs,” says Thad England, director of U.S. strategic accounts with Groundwork BioAg. Source link
BP has indefinitely paused its carbon capture and storage (CCS) project in Indiana. The plan, aimed at making the state a hub for low-carbon hydrogen, faced strong local opposition. Public safety fears and economic uncertainties have slowed progress. This pause could delay clean energy investments and climate goals across the Midwest. Why BP Shelved Its Indiana CCS and Blue Hydrogen Plan BP intended to capture carbon dioxide emissions from its Whiting Refinery and store them underground. This process was crucial for producing blue hydrogen, a cleaner fuel created using fossil fuels paired with carbon capture. This effort was part of…
MCCLEAN, Va. (AP) — The average rate on a 30-year U.S. mortgage eased for the third week in a row, a welcome trend for prospective homebuyers at a time when elevated borrowing costs remain a drag on the housing market. The long-term rate fell to 6.81% from 6.84% last week, mortgage buyer Freddie Mac said Wednesday. A year ago, the rate averaged 6.87%. Shop Top Mortgage Rates Powered by Money.com – Yahoo may earn commission from the links above. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell. The average rate eased to 5.96%…
Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), has entered the U.S. lithium market by acquiring two major leasehold acreage positions. TerraVolta Resources, backed by an affiliate of The Energy & Minerals Group (EMG), sold the first. East Texas Natural Resources (ETNR) LLC sold the second. These deals give Chevron control over approximately 125,000 net acres of land across Northeast Texas and Southwest Arkansas. This area covers parts of the Smackover Formation, known for its lithium-rich brine. The acquisition marks Chevron’s first step into commercial-scale lithium production in the U.S. Chevron Bets on Faster and Emissions-Free Lithium Extraction…
Image source: Getty Images I like to keep an open mind when it comes to UK stocks, but some still instinctively worry me, including these two FTSE 100 giants. I’ve never owned either, but I’ve been sorely tempted at times. Thankfully, I didn’t seal the deal. One name that has caught my eye is global advertising and media group WPP (LSE: WPP). It’s been under pressure since founder and driving force Sir Martin Sorrell exited under a cloud in 2018. The shares have lost 28% of their value over the past year and now trade at a 10-year low. I’m…