Carbon News - Intelligence for the carbon market


Tesco cuts emissions by 13% in one year

15 May 18 - UK supermarket giant Tesco cut its 2017-18 carbon emissions by 13 per cent on the previous year, and a full 26 per cent on 2015.

BP profits leap 71% as oil prices rebound

3 May 18 - BP’s profits jumped 71 per cent during the first three months of the year, in the latest sign that the British oil company is back on the path to growth.

Fonterra turns to wood to help fire dairy plant

2 May 18 - Fonterra says it will replace some coal with wood at one of its factories, a move expected to cut greenhouse gas emissions by 2400 tonnes a year.

New tool eases pathway to disclosure

2 May 18 - Businesses wanting to disclose their carbon exposure to investors have a new tool.

What if Tesla's time is running out?

23 Apr 18 - A massive cash burn and multiple factory snafus mean investors in Tesla are losing patience.

Directors face climate liability, says report

20 Apr 18 - New legal analysis shows that company directors in at least four Commonwealth countries must take action to address material climate risk or face legal and reputational risk.

Plight of the bees hits unaware businesses

17 Apr 18 - Declining numbers of bees, butterflies and midges could leave companies facing the prospect of reduced crop quality and a shortage of raw materials.

MEMO BUSINESS: Ignore carbon liability at our peril

10 Apr 18 - Businesses ignore carbon liability at the country’s peril, an international investment organisation is warning.

FOSSIL FAIL: Report points finger at Big Four banks

29 Mar 18 - All four of New Zealand’s largest banks have received fail marks in a new climate change report analysing bank lending to fossil-fuel investments.

Bloomberg praises EU drive for green finance

27 Mar 18 - Capital markets are “one of the most powerful tools in the fight against climate change” which is often “overlooked”, says billionaire philanthropist Michael Bloomberg.

Adidas has sold a million shoes made of plastic from the ocean

20 Mar 18 - Adidas chief executive Kasper Rorsted has let slip that his company last year sold one million shoes made out of ocean plastic.

How stock market could help fight climate change

12 Mar 18 - Finance experts are trying to figure out how to integrate environment, social and governance factors into investment planning by comparing returns of carbon-efficient and carbon-inefficient...

Business seeks closer access to climate talks

19 Feb 18 - Business lobbies in Europe and the US are pushing for a distinct, direct and formalised “business channel” into UN climate negotiations.

Why now's the time for businesses to cost carbon

13 Feb 18 - Businesses are being told to price carbon into their forecasts now – regardless of whether they currently face a carbon price.

Big companies back circular economy moves

8 Feb 18 - A new global initiative to foster the circular economy principles has been backed by more than 30 major international companies.

Ikea buys 25,000 acres of sustainable forestry

7 Feb 18 - Swedish multinational Ikea has announced it is buying 25,000 acres of forest in Alabama.

Musk could pocket $95b if Tesla's dreams come true

26 Jan 18 - Tesla president and CEO Elon Musk stands to reap the word’s biggest ever payday – $US70 billion ($NZ95b) by some estimates – if he can deliver on his company's new 10-year performance plan.

Corporates winning race to become 100% renewable

26 Jan 18 - The RE100 group of multinational companies pledging to run entirely on renewable energy has made astonishing progress over the past year.

Coca-Cola launches ‘World Without Waste’ campaign

26 Jan 18 - Coca-Cola has pledged to collect and recycle the equivalent of 100 per cent of its packaging worldwide and to mak its bottles using at least 50 per cent recycled plastic by 2030.

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