The oil and gas industry plays a significant role in global energy production and economic growth. However, it is also a significant contributor to greenhouse gas emissions, primarily through the burning of fossil fuels. As the world faces the growing threat of climate change, it is imperative for the industry to take bold action to […]
Chang-Ken Lee, the prominent figure in sustainable finance, showcased his commitment to climate action at the Climate Investment Summit. Lee’s presence at the summit marked a significant milestone for Cathay Financial Holdings, one of the leading financial institutions, highlighting their dedication to addressing climate change. During the summit, Lee emphasized the importance of collaboration among […]
Volvo Cars, a leading automotive company, has made significant strides in reducing its ocean freight CO2 emissions. In fact, the company has managed to decrease its emissions by an impressive 84%. This remarkable achievement is a result of Volvo Cars’ commitment to adopt more sustainable shipping options. To accomplish this reduction, Volvo Cars has actively […]
In a year marred by climate change and the presence of a powerful El Niño event, the world has witnessed a new record for global heat. According to recent data, the average global temperature has soared to 62.92 degrees Fahrenheit or 17.18 degrees Celsius, surpassing all previous records. This increase in global temperatures has exceeded […]
Oil and Gas Companies Urged to Set Ambitious Targets for Greenhouse Gas Emissions Reduction at COP28
At the COP28 climate conference, the CEO of TotalEnergies, Patrick Pouyanne, called on leading oil and gas companies to set ambitious targets for reducing CO2 and greenhouse gas emissions by 2030. Pouyanne emphasized that both international oil companies (IOCs) and national oil companies (NOCs) should have emission reduction targets in order to combat climate change. […]
Israel is gearing up to make a significant impact at the upcoming COP 28 (Conference of Parties) in Dubai, as it plans to invest NIS 8 million to bring a delegation of 1,000 people to the conference. This delegation will include more than 100 Israeli climate and related technology companies, showcasing the nation’s commitment to […]
The European Union’s climate chief has raised concerns about China’s expansion of its coal industry, despite its plans for renewable energy use. China’s goal to have one-third of its power supply come from renewable sources by 2025 is being contradicted by its construction of more coal-fired plants. The sweltering temperatures and water shortages currently being […]
Canada’s wildfires have become a growing concern, with their destructive force impacting not only the environment but also the country’s economy. The scale of these wildfires is staggering, having burned an astonishing 20 million acres of land. This has resulted in a thick blanket of smoke that has enveloped cities in both Canada and the […]
Amnesty International has recently called on governments participating in Cop28, the upcoming conference on climate change, to exert pressure on the United Arab Emirates (UAE) to release activists who they believe have been “unjustly imprisoned.” The organization emphasizes that the release of these activists is crucial for ensuring meaningful action on climate change. One of […]
Elon Musk, the renowned entrepreneur and CEO of Tesla and SpaceX, has recently sparked controversy with his beliefs about the contribution of farming and other surface activities to climate change. Musk claims that these activities do not significantly impact the environment, but scientists argue otherwise. According to scientific research, food production is responsible for up […]