Shell adopts climate plan, defends Arctic oil drilling
Shell today committed to reveal how its oil and gas assets will fare in a safer climate future, in response to a shareholder campaign.Scientists estimate half of world gas reserves and a third of oil must stay in the ground to hold global warming to 2C. If burned, these fossil fuels would blow the carbon budget.Shell’s controversial – and high cost – Arctic and tar sands ventures are among the most exposed to the risk of being “stranded” by climate action, analysts have warned.
Investors worth $25tr reveal plan for tackling climate change
Investors managing $25tr in assets have set out the actions they are taking to reduce tackle climate change, in the latest move designed to increase business pressure on world leaders to sign a global deal to slash carbon emissions later this year. The new online platform has been produced by the Institutional Investors Group on Climate Change in Europe, Ceres Investor Network on Climate Risk in the US, the Investors Group on Climate Change in Australia and New Zealand and the Asia Investor Group on Climate Change, which combined represent many of the world’s largest institutional investors. The launch comes as businesses prepare to meet in Paris this week for a major Business and Climate Summit, designed to show politicians that much of the corporate sector wants ambitious action on climate change.
Hollande and Merkel back long term carbon cutting goal
Germany and France have backed moves to target radical cuts in greenhouse gas emissions later this century, as part of a global climate deal.The leaders of the two countries made the call at a climate conference in Berlin, where ministers from 35 countries are meeting to lay the foundations for a proposed UN pact later this year.German chancellor Angela Merkel said a “complete shift to carbon free economic action” should be the goal for Paris, where the agreement is set to be finalised.
Where there is oil and gas there is Schlumberger
…The two bespectacled executives, looking much like soberly-suited bank managers, soon disappear into a private room to meet with Dr Abdullahi Haider, a senior adviser to the Somalian government, and a Canadian middleman, emerging an hour or so later. Somalia could be one of the great untapped sources of offshore oil, if someone can secure a deal to find and extract it, and if anyone can, it’s the company these men work for. The African nation is one of the most politically unstable, unsafe, and corrupt countries in the world, one of the toughest places for any business to think of operating. But that is what Schlumberger – the biggest company you’ve never heard of – do, if the rewards are great enough.
Renewable Energy Now Employs 7.7 Million People Worldwide
Renewable energy investment and deployment is paying off, and in spades, when it comes to addressing a basic issue plaguing developed and developing countries alike: an inability to generate jobs that pay a good living wage. Around the world, renewable energy job creation continues to far outpace that for economies overall. Some 7.7 million people are now employed across the global renewable energy value chain, according to the International Renewable Energy Agency (IRENA). That’s up 18 percent from 6.5 million in 2014, the agency noted in its 2015 Renewable Energy and Jobs Annual Review.
Caring about carers who work for you is part of being a sustainable business
In the UK there are 6.5 million people caring for a loved one who is older, seriously ill or disabled. As the population ages, this number is set to rise to 9 million by 2037. Of the UK’s 6.5 million carers, 4.3 million are of working age and 3 million of those juggle work and care. We now understand that companies aspiring to be sustainable businesses must address all three pillars of sustainability: the social, the economic and the environmental. A key element of this is to be a good and fair employer. Over recent years, it has been recognised that employers need to be proactive to create a more inclusive workforce and to respond to changing demographics, particularly the ageing population.
MillerCoors’ Trenton Brewery Upcycling Wastewater Into Fish, Animal Feed
MillerCoors’ Trenton Brewery in Ohio will now also produce fish and animal feed. Thanks to a partnership with biotech company Nutrinsic, wastewater from MillerCoors’ beer-making process will now enter Nutrinsic’s sustainable protein production facility co-located at the brewery’s Water Reclamation Facility. The biotech company says the wastewater will become a feedstock for ProFloc™, a high-quality protein ingredient for use in fish and animal nutrition. ProFloc is produced using patented technology that upcycles nutrients that would otherwise be undervalued or discarded, making it a sustainable protein source for all types of aquatic and terrestrial animal feeds.
The buck stops elsewhere: how corporate power trumps politics
It is instructive that of the top 100 economic entities in the world – countries included – more than 50 are multinational corporations. The money the government relies upon to put its policies into practices come from taxes – taxes that multinational corporations can easily avoid by relocation, while onerous regulation is just as easily sidestepped. The banks are a great example. Only recently, HSBC used the threat of leaving the UK in an attempt to influence UK government policy. Globalisation has brought us to a situation where we have a regulatory vacuum – global regulation is practically non-existent and insufficient to match the growing power and influence of profit-maximising multinational corporations.
Why one of the wealthiest countries in the world is failing to feed its people
On May 8 2015 I awoke to discover that not only were we not looking forward to a new coalition government in the UK, but that the overall collapse of the Liberal Democrats and the Labour Party had given the Conservative government a mandate. At an individual level I’m likely to see some benefits from the strong neo-liberalism that underpins this government’s ideology, but I’m concerned about a further deepening of the division between those who have and those who have not.
Is this the most blatant invitation to greenwash ever?
Global demand for palm oil, an ingredient in a whole range of foods and cosmetics, is a major driver of tropical deforestation. That is what scientific studies and green groups on the ground find. To their credit, some consumer goods companies are cracking down on forest clearance in their supply chains. But the Malaysian Palm Oil Council would prefer to convince you it is no problem at all. It is offering prizes worth US$15,000 for essays on the topic: “Oil palm is not the driver of deforestation.”
Melbourne councils officially launch sustainable design tool
Australia’s newest sustainability rating tool is now in use across a group of councils in Melbourne. The Built Environment Sustainability Scorecard, or BESS, assesses energy and water efficiency, thermal comfort and overall sustainable performance of a variety of buildings and renovations… Moreland City Council manager of strategy and design Sue Vujcevic said the event was a result of more than 10 years working in partnerships with councils and industry partners. “We are confident that BESS will be accepted as the new standard for sustainability assessment at the planning permit stage, and that it will continue to improve the buildings that we all live and work in,” Ms Vujcevic said.