Tag: Climate

Maine businesses host online forums on climate change action

Members of Maine’s business community will discuss what their organizations are doing to prepare for and mitigate the changing climate on Thursday, at the second of four online forums of the Maine Climate Table, a statewide, nonpartisan network of businesses and nonprofits seeking climate change solutions.

The upcoming session, called Confronting Climate Change in Maine’s Natural Resource Sectors: Agriculture, Forestry and Fisheries, takes place from 10 a.m. until noon. It is moderated by Andy Whitman of Manomet Center for Conservation Sciences.

The panelists will be Greg Adams of Irving Woodlands, Bill Mook of Mook Sea Farms and Jenni Tilton-Flood of Flood Brothers Farm.

During the series, panelists will be discussing questions including: How might we finance climate action in Maine and how do we build a skilled workforce to implement the changes needed? How are natural resource sectors such as forestry, fishing and agriculture preparing for climate change? What are

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LONGi joined Climate Week NYC 2020 in global efforts to achieve a net-zero world

XI’AN, China, Sept. 29, 2020 /PRNewswire/ — This year, as a new member of the RE100 initiative, LONGi, the world leading solar technology company headquartered in Xi’an, China, joined the 2020 New York City Climate Week for the first time. LONGi is also amongst a roster of the world’s most influential companies committed to 100% renewable power that is nominated for this year’s RE100 Leadership Awards.

LONGi Founder and President Li Zhenguo was invited to speak at the opening ceremony of the year’s most influential international climate change event. As the only business leader representing a Chinese company and major PV manufacturer Mr. Li shared his vision on how solar technology is helping the world address climate change and reiterated LONGi’s commitment to making clean energy more affordable and accessible with progressive technology and cost reductions.

Mr. Li was also invited to a panel discussion: “Future-fit Business Strategies

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All the Big News From Climate Week In One Place

(Image: Iconic buildings across New York City, including the Empire State Building and Brooklyn’s Weylin events center (pictured here), were illuminated in green to mark the kickoff of Climate Week.)

With in-person events still on hold due to the coronavirus, Climate Week NYC events moved online last week, making tougher to track the big news. Afraid you may have missed something? We’ve got you covered. As we mark another Climate Week come and gone, read on to catch up on the biggest, boldest announcements from businesses, investors and policymakers worldwide. 

Corporate commitments roll in as Climate Week kicks off 

Companies often leverage Climate Week to promote the launch of their new goals, targets and trajectories — and this year was no exception. Among this year’s announcements: Walmart says it will target net-zero emissions by 2040 without relying on carbon offsets, and PepsiCo, Intel, Asics, Velux Group, Sanofi and SKF are 

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Opinion | Big Business’s Undisclosed Climate Crisis Plans

As the climate crisis intensifies, U.S. environmental policy has moved dangerously backward, with nearly 70 environmental rules reversed during this administration, and 30 more reversals in process. This intransigent, head-in-the-sand approach will not alter the reality of climate change, nor the risks and opportunities it presents the economy. The private sector understands this.

Many large businesses and their investors, recognizing the urgency of the threat, are already attempting to protect their assets and investments from climate risks. As some continue to publicly question the science, they are shifting their capital to prepare for a future low-carbon economy. They know that a significant percentage of the U.S. equity market, as much as 93 percent by one estimate, is already exposed to harms from climate change, with this year’s intensified fire and hurricane seasons offering a devastating preview of more to come.

Both investors and the broader public need clear information about

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Nu Skin Makes Additional Sustainability Pledges To Honor Utah Climate Week

The MarketWatch News Department was not involved in the creation of this content.


PROVO, Utah, Sept. 22, 2020 /PRNewswire via COMTEX/ —
PROVO, Utah, Sept. 22, 2020 /PRNewswire/ — Nu Skin today announced additional sustainability pledges focusing on zero-waste. These new pledges come during Utah Climate Week and support the Utah Sustainability Business Coalition’s call for companies to make measurable sustainability pledges to support the environment.

The company pledged to decrease its waste an additional 30 percent at its global headquarters and committed to educating 100 percent of its employees on best practices to fully leverage Nu Skin’s programs for recycling and proper waste disposal by the end of 2021. These new commitments are in addition to the company’s previously announced goals around the company’s three sustainability areas of focus: people, product, and planet. All the company’s commitments and progress can be found at nuskin.com/sustainability.

“We are committed to being

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At Climate Week, America’s Cascading Disasters Dominate

In September came some signs of movement. Two of the three announced plans to make sharp cuts, though many details remain unknown.

In mid-September, the European Union president, Ursula von der Leyen, proposed more aggressive emissions cut by the 27-member bloc in the next decade. Her new target, which is yet to be approved by the European Parliament: trim emissions by 55 percent by 2030, compared to 1990 levels. The European Union has already committed, by law, to become carbon neutral by 2050, which means reducing carbon dioxide emissions and offsetting those that remain by figuring out how to offset their impact.

A week later, President Xi Jinping of China announced in an address to the United Nations that his country, too, would speed up its climate plans, with a target to be carbon neutral before 2060.

That leaves the United States. And it makes the results of the November

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BP hits 25-year low a week after unveiling climate strategy

Just a week after revealing its plan to turn itself into a clean-energy giant, BP Plc watched its share price drop to a 25-year low.



text, whiteboard


© DANIEL LEAL-OLIVAS, Contributor / AFP Via Getty Images


Chief Executive Officer Bernard Looney and his new management team gave more than 10 hours of presentations over three days last week, in a bid to show the world that the oil and gas giant could adapt to a low-carbon future without sacrificing returns.

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The company’s shares closed in London on Thursday at 232.4 pence, the lowest level since October 1995. While falling crude prices and fears of the second wave of the coronavirus haven’t help BP, the slide suggests shareholders weren’t convinced by Looney’s pitch.

ENERGY TRANSITION: Navigating the tricky path to net-zero

“Investors remain skeptical,” said Mirza Baig, Global Head of Governance at Aviva Investors. “Particularly as this move is being forced

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From China’s stand to Walmart’s wish list: A Climate Week news cheat sheet

As with virtually all gatherings of the climate community during the COVID age, this year’s Climate Week was convened as an online event — one hosted from more than 20 countries across myriad time zones rather than its usual host city of New York. 

Instead of running between Manhattan locations, attendees platform-hopped among more than 450 presentations, panels, screenings and other events, including those hosted by the World Economic Forum and the United Nations, while iconic structures such as the Empire State Building turned their lights green to recognize the urgency of the climate crisis.

As is their wont, many companies used the occasion to proclaim updated commitments — the buzzword du la semaine was “net-zero” with Walmart declaring a zero-emissions target by 2040 along with a big clean fleet promise and a pledge to “protect, manage or restore” at least 50 million acres of land and 1 million square

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BP Drops to 25-Year Low a Week After Unveiling Climate Strategy

(Bloomberg) — Just a week after revealing its plan to turn itself into a clean-energy giant, BP Plc watched its share price drop to a 25-year low.

Chief Executive Officer Bernard Looney and his new management team gave more than 10 hours of presentations over three days last week, in a bid to show the world that the oil and gas giant could adapt to a low-carbon future without sacrificing returns.

BP’s stock closed in London on Thursday at 232.4 pence, the lowest level since October 1995. While falling crude prices and fears of the second wave of the coronavirus didn’t help, the slide suggests shareholders weren’t convinced by Looney’s pitch.

“Investors remain skeptical,” said Mirza Baig, Global Head of Governance at Aviva Investors. “Particularly as this move is being forced on the company by climate change.”



a screenshot of a video game: BP‘s shares closed at the lowest price in 25 years.


© Bloomberg
BP‘s shares closed at the lowest price in 25 years.

Looney

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Verizon commits $1 million to We Mean Business coalition to help scale climate action

  • Funding will provide small businesses with tools and education to help them reduce their carbon emissions

  • Initiative underscores Citizen Verizon, the company’s responsible business plan for economic, environmental and social advancement

BASKING RIDGE, N.J., Sept. 24, 2020 (GLOBE NEWSWIRE) — Today, Verizon announced a $1 million grant to We Mean Business, a global coalition of nonprofit organizations working with the world’s most influential businesses to take action on climate change. The funding will help the We Mean Business coalition to provide one million small and medium sized businesses (SMEs) globally with tech-enabled carbon footprint quantification tools and the necessary education to enable a 50% reduction of their carbon emissions by 2030–with the goal to become net zero before 2050. This initiative underscores Citizen Verizon, the company’s responsible business plan for economic, environmental and social advancement.

“Small and medium businesses account for the majority of businesses worldwide, giving them

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