Corporate Environmental Responsibility

28Dec

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Business

Treasury Drops a Hydrogen Bomb

President Biden’s climate policy contradictions keep piling up. Witness the family feud that blew up late last week between the renewables lobby and green groups over the Biden Administration’s new proposed rules for the Inflation Reduction Act clean hydrogen tax credit. The IRA created a new tax credit for producing clean hydrogen from low-emissions sources. The climate lobby envisions clean hydrogen someday replacing fossil fuels in airplanes, long-distance trucking, shipping, and steel and fertilizer manufacturing. The dispute is over how the government should define “clean.” Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

A Long-Shot Climate Bet Suddenly Turns Hot

16Dec

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World

A Long-Shot Climate Bet Suddenly Turns Hot

Updated Dec. 16, 2023 5:53 pm ETIt seemed like a far-fetched idea not that long ago—sucking carbon from the sky to prevent it from warming the planet. Now companies are spending billions of dollars to make it happen.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

14Dec

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Business

The Phony Climate Promises of COP28

The COP28 climate confab in Dubai didn’t end with white smoke on Wednesday, but Biden climate envoy John Kerry is nonetheless singing hallelujah after nearly 200 countries agreed to “transition” from fossil fuels. The point of the deal is to preserve the West’s illusion that its climate policies are accomplishing something.China and oil-producing countries refused to sign onto an agreement committing to “phase out” fossil fuels. But Mr. Kerry and European leaders insisted that governments at the United Nations summit demonstrate a common purpose to reduce CO2 emissions. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

12Dec

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Health

California Kills Auto Jobs in Toledo

Sacramento’s crusade to banish fossil fuels isn’t merely destroying jobs in California. It’s harming workers in other states too. On Thursday Chrysler parent Stellantis warned 3,600 auto workers in the Midwest that they could lose their jobs owing to California’s electric-vehicle mandate. Stellantis said it plans to cut a shift at a Jeep plant in Detroit and adjust production at another in Toledo, Ohio, citing “the need to manage sales of the vehicles they produce to comply with California emissions regulations.” The changes, the auto maker added, would provide flexibility in the event “regulations or marketplace allows for an increase in volume” of gas-powered cars.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

9Dec

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Health

The Truth About Net Zero, at Last

The great and good of politics and business have converged on Dubai this week for the global climate conference known as COP28, and by now they must wish they hadn’t. The event has done the one thing such confabs are supposed never to do, which is expose the truth about climate change and the race to net-zero carbon emissions.The truth-teller in chief is the event’s host, Sultan Al Jaber. He’s become a figure of hate on the eco-left since letting slip that he’s a net-zero skeptic. “There is no science out there, or no scenario out there, that says that the phase-out of fossil fuel is what’s going to achieve 1.5 [degrees Celsius],” he said of the climate industry’s global temperature target during a virtual event last month. He warned that attempting to wean the world off fossil fuels woul...

8Dec

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Health

John Kerry and CO2 Emissions Reality

Give John Kerry credit for persistence if not realism. President Biden’s climate envoy keeps demanding the end of fossil fuels while the world continues to blow through his apocalyptic warnings. A new report in time for the COP28 climate conference in Dubai says that global CO2 emissions will hit a new peak this year. But Mr. Kerry keeps berating American fossil fuels producers though U.S. emissions are on track to fall 4% in 2023. The big problem: China’s emissions are set to rise by twice as much as the U.S. decline. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

How Wall Street’s Biggest Forest-Carbon Wager Is Starting to Pay Off

6Dec

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Money

How Wall Street’s Biggest Forest-Carbon Wager Is Starting to Pay Off

Investors who made one of the biggest timberland purchases in years with plans to make carbon deals said they sold more than $100 million of so-called forest offsets during the gambit’s first year.Aurora Sustainable Lands, created to carry out the biggest wager yet on forest-carbon markets, said it expects its 1.7 million acres of eastern U.S. forest to annually yield additional offsets worth between $60 million and $150 million at current prices. Aurora paid about $1.8 billion for the properties last year. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

First They Came for the Cars, Then the Cows

4Dec

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Business

First They Came for the Cars, Then the Cows

The climate lobby is now aiming to use taxes and regulation to restrict your meat consumption.

COP28 Climate Summit Takes Aim at Powerful Methane Emissions

4Dec

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World

COP28 Climate Summit Takes Aim at Powerful Methane Emissions

Updated Dec. 2, 2023 3:45 pm ETFrom Texas to Turkmenistan, global leaders at the COP28 climate summit in Dubai are taking a big swing at cutting methane, a potent greenhouse gas produced by oil and gas drilling, livestock and rotting vegetation. They are using financial incentives combined with strict new regulations to get countries and energy firms on board.On Saturday, the Biden administration announced a final methane rule for U.S. oil and gas producers, requiring them to plug methane leaks and stop burning excess gas with flares. The regulations also mandate regular inspections of facilities to make sure the planet-warming compound isn’t escaping into the atmosphere.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Defense Stocks Benefit From War, Renewing ESG Debate for Everyday Investors

3Dec

By adminNo Comments

Money

Defense Stocks Benefit From War, Renewing ESG Debate for Everyday Investors

When Shiva Chidambaram started putting money into his 401(k) a couple of years ago, he didn’t think much about his investments. Then the war in the Middle East began.Chidambaram came across a tweet about U.S. weapons manufacturers last month that prompted him to investigate the stocks in his retirement account. He discovered his 401(k) contributions were held in a target-date fund that owns shares of military contractors such as Lockheed Martin and Northrop Grumman.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8