A lawsuit launched by a group of Australian parents against one of the country’s largest energy companies could be about to deliver a mortal blow to Australia’s carbon offset industry and the carbon neutral certification scheme run by the Australian Government. Climate action group Parents for Climate are suing EnergyAustralia – one of Australia’s ‘Big 3’ energy retailers and the owner of two coal fired power stations – alleging the energy company misled customers about the environmental benefits of its ‘carbon neutral’ energy services. If successful, the case could have profound implications that ripple through the Australian market for carbon…
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Image source: Getty Images Shell’s (LSE: SHEL) share price has fallen 17% from its 13 May 12-month traded high of £29.56. Most of this resulted from the 2 April US tariffs announcement that analysts fear may cause a global recession. This in turn could reduce oil and gas demand, which would push prices lower if supply did not also fall. Additional weakness came from the firm’s cut in its Q1 liquefied natural gas (LNG) output forecast announced on 7 April. My question here is whether I should buy more of the stock on this dip? Are the bearish factors permanent?…
When Jeff Allen tells strangers that he’s the executive director of an organization that expands access to all kinds of electric vehicles in underserved communities, people tend to be taken aback – especially since President Trump began his second term by pledging to eradicate both the “EV mandate” and the very concept of diversity, equity, inclusion and accessibility from the federal government. “Somebody said to me [the other day], ‘You do electric vehicles and you do it through an equity lens?'” he said. “You are double-screwed, aren’t you?” Like countless transportation reform advocates across the country, though, Allen and his colleagues at the e-mobility advocacy firm Forth aren’t backing…
The struggle for democracy persists as we come into the second half of 2023. As the year progresses, we face lies, corruption, and violence. And so the fight for America will continue as Senate Republicans strive to prevent Democrats from passing even the most popular measures under Biden’s presidency. While prices skyrocket across the country and our rights are put in jeopardy, Americans like you continue to fight for representation and push back against the rise of fascism. Despite the challenges facing the journalism industry these days, we’ve been fortunate to have a loyal reader base and to be able…
Staff Writer The UK government has launched a new initiative to elevate the role of voluntary carbon and nature markets, reinforcing its ambition to become the global center for green finance. Announced by the Department for Energy Security and Net Zero and the Department for Environment, Food & Rural Affairs, the plan supports British businesses in trading high-integrity carbon credits and unlocking private capital for climate action. The strategy is part of the government’s broader Plan for Change, which recognizes the role of voluntary markets in reaching net-zero targets. These markets enable businesses to purchase carbon credits—representing the removal or…
Getty ImagesUS stocks and the dollar plunged again as President Donald Trump intensified his attacks on US central bank boss calling him “a major loser” for not lowering interest rates.In a social media post, Trump called on Federal Reserve chair Jerome Powell to cut interest rates “pre-emptively” to help boost the economy, saying Powell had been consistently too slow to respond to economic developments. “There can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” he wrote.Trump’s criticism of Powell’s handling of the US economy comes as his own plans for tariffs…
China has upped the ante in its trade war with the United States. Beijing last week imposed export controls on “rare earth” minerals, key elements in the production of technology for your kitchen, car, high-tech military weapons and more.”Everything you can switch on or off likely runs” on the minerals, said Thomas Kruemmer, director of Ginger International Trade and Investment, to BBC News. One of the rare earths, neodymium, is used in “loudspeakers, computer hard drives, EV motors and jet engines.” Others are used to “manufacture television and computer screens.” The minerals are “abundant” in nature, said the BBC, but…
If mortgage rates fall below 6%, it could offer a big financial reprieve for potential buyers. Getty Images Mortgage rates tend to be at the front of the minds of homebuyers today. After all, interest rates — and mortgage rates in particular — have been stubbornly high over the past year, putting pressure on buyers and sidelining many homeowners who had hoped to refinance. While inflation has been dropping, it remains above where the Federal Reserve would like it to be, which has led to the Fed keeping rates paused for the last several months. As a result, today’s average mortgage rates…
BeZero Carbon and Xpansiv have expanded their partnership to improve transparency and trust in carbon markets. This partnership aims to help investors, businesses, and governments make smarter choices when buying and selling carbon credits. It will also help support projects that make a real difference in reducing greenhouse gas emissions. Tommy Ricketts, CEO and Co-founder of BeZero Carbon, remarked: “This partnership will further expand access to our ratings, helping even more market participants make informed climate decisions. Ratings are essential to the functioning of carbon markets, and already some of the biggest businesses rely on our analysis for the clarity…
BeZero Carbon and Xpansiv have expanded their partnership to improve transparency and trust in carbon markets. This partnership aims to help investors, businesses, and governments make smarter choices when buying and selling carbon credits. It will also help support projects that make a real difference in reducing greenhouse gas emissions. Tommy Ricketts, CEO and Co-founder of BeZero Carbon, remarked: “This partnership will further expand access to our ratings, helping even more market participants make informed climate decisions. Ratings are essential to the functioning of carbon markets, and already some of the biggest businesses rely on our analysis for the clarity…