business

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COVID-19 is a dress rehearsal for entrepreneurial approaches to climate change

By Jeffrey York, The Conversation Highlights Jeffrey York, a professor of sustainability and entrepreneurship at the University of Colorado, suggests that entrepreneurship could be the solution to the climate crisis. Environmental entrepreneurship offers solutions that create ecological and economic benefits  Being an environmentalist and a businessperson helps entrepreneurs recruit a broader range of people, inviting … Read more

Categories Business Network
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UBS exits arctic oil, coal mines and tar sands projects

By Dieter Holger, The Wall Street Journal Highlights UBS Group, one of the world’s largest banks and previously Europe’s fourth-biggest coal-mining financier, announced it will no longer finance new offshore oil projects in the Arctic, thermal coal mines or oil sands on undeveloped land after pressure from investors and environmentalists. Outside of investor pressures, UBS says its … Read more

Categories Business Network Divestment
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The world’s most profitable hedge fund is now a climate radical

By Edward Robinson and Nishant Kumar, Bloomberg Highlights: British billionaire Chris Hohn of  TCI Fund Management is pushing companies to provide transparency on their carbon emissions and ultimately reduce their environmental impact. Hohn is threatening to call on investors to fire managers and oust board members who do not make promises to reduce their carbon … Read more

Categories Business Network
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The water protection industry employs more people than coal or steel. Trump is changing that.

Oak Creek, Corvallis OR, by Maddie Maffia

by Nick Mott, NPR Highlights: An estimated half of wetlands across the country and 18% of streams will not have federal protection with the new rollback of water regulation The wetland mitigation industry fears their jobs could be lost due to these new environmental rollbacks  Many wetlands have been restored with the help of “mitigation … Read more

Categories Business Network Public Health
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IEEFA update: Bankruptcies multiply for fracking sector

Aerial view of fracking wells.

by Kathy Hipple, IEEFA, January 28, 2020 Highlights Forty-two companies within the United States that have fracking based portfolios filed for bankruptcy in 2019: In total, the aggregate debt of these companies was $26 billion The fracking sector struggled due to overproduction, gas and oil prices, and increasing debt throughout the past 5 years Moody’s … Read more

Categories Business Network Fossil Fuels
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Clean up cars and cement industry to reach California’s climate goals, report says

Zero emissions with SECNAVs permission

Highlights: “California’s current climate policies won’t cut greenhouse gas pollution enough to meet the state’s goals.” “A new report says cleaning up cars and the cement industry could help.” by Rachel Becker, CalMatters California won’t meet its ambitious climate goals in 2030 unless more drivers trade gas guzzlers for clean cars, and heavy industry like … Read more

Categories Business Network