social – Page 2 – The News Desk

12Dec

By adminNo Comments

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

By adminNo Comments

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

By adminNo Comments

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

By adminNo Comments

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

SEC’s Chief Accountant on What Worries Him

5Dec

By adminNo Comments

World

SEC’s Chief Accountant on What Worries Him

The Securities and Exchange Commission is paying close attention to the culture of audit firms and how a tepid one can foster professional misconduct, from cheating on exams to backdating workpapers, among other breakdowns in practice.Firms need to commit to auditor independence and place the public interest at the center of operations, rather than making the audit practice solely responsible for its quality, Paul Munter, the U.S. securities regulator’s chief accountant, said at a conference in Washington, D.C., this week.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Elliott’s Push at Phillips 66 Looks Familiar

4Dec

By adminNo Comments

Money

Elliott’s Push at Phillips 66 Looks Familiar

Elliott Investment Management’s push for change at Phillips 66 borrows straight from its successful playbook at Marathon Petroleum. In other words, it would probably be a mistake for Phillips 66 to ignore it.The activist investor said on Wednesday that it had taken a roughly $1 billion stake in U.S. refining giant Phillips 66 and pushed the company to sell noncore assets, focus more on its main refining business and fix its track record of relatively high operating costs.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

First They Came for the Cars, Then the Cows

4Dec

By adminNo Comments

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.

4Dec

By adminNo Comments

World

Elliott’s Push at Phillips 66 Looks Familiar

Elliott Investment Management’s push for change at Phillips 66 borrows straight from its successful playbook at Marathon Petroleum. In other words, it would probably be a mistake for Phillips 66 to ignore it.The activist investor said on Wednesday that it had taken a roughly $1 billion stake in U.S. refining giant Phillips 66 and pushed the company to sell noncore assets, focus more on its main refining business and fix its track record of relatively high operating costs.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

COP28 Climate Summit Takes Aim at Powerful Methane Emissions

4Dec

By adminNo Comments

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

Charlie Munger’s Donations Came With Blueprints

3Dec

By adminNo Comments

World

Charlie Munger’s Donations Came With Blueprints

Charlie Munger knew the power of collaboration.Over nearly 50 years, the billionaire investor helped build Berkshire Hathaway into one of the most valuable U.S. companies through his partnership with Chairman and Chief Executive Warren Buffett.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8