Category: CN_BUSINESSES_TA Greenwashing_CN

The Swedish fast-fashion giant canceled its “Conscious Choice” collection in September after a 12-year run following a reprimand from the Netherlands Authority for Consumers and Markets for employing vague and unsubstantiated terms that could mislead consumers into thinking the products are better for the environment than they really are.

Republican officials and corporate lobby groups are teeing up a multi-pronged legal assault on the Biden administration’s effort to help investors hold public corporations accountable for their carbon emissions and other climate change risks.

Donnel Baird created BlocPower to solve a huge problem that’s central to the global effort to address climate change. It is such a big problem that investors have poured over $100 million in debt and equity financing into the company to help him solve it. Nearly one-third of the carbon emissions generated in the United States comes from the energy required to heat buildings. Most of that energy comes from oil and gas which leads to the carbon emission problem. Donnel ultimately wondered, “what if we could change the source of energy? What if we could electrify buildings instead?”

Lowe’s Companies is a home-improvement retailer with nearly 2,200 stores in the United States and Canada. The Mooresville, NC company employs 300,000 people and had sales in 2021 of $96 billion.
In 2021, it cut its scope 1 and 2 greenhouse gases by 42% over the last five years. It, therefore, beat its goal of cutting those emissions by 40% by 2025. Its new objective is to cut emissions by 60% by 2030 from 2022 levels.

Amazon’s carbon footprint grew 18% last year — the third straight year of increased emissions since the company started sharing the information.
The Seattle-area company created the international Climate Pledge, vowing to reach carbon neutrality by 2040, and urged others to do the same.

Ford Motor Co. is preparing to cut as many as 8,000 jobs in the coming weeks as the automaker tries to boost profits to fund its push into the electric-vehicle market, according to people familiar with the plan.

Before Alex Laskey launched an energy efficiency company in 2007, he was primarily working on political campaigns, “almost exclusively losing campaigns,” he told CNBC in a phone conversation in June.

To fight climate change, companies and nonprofits have been promoting worldwide planting campaigns. Getting to a trillion is easier said than done.

Microsoft just made a major commitment to sucking carbon from the sky. The company signed a 10-year deal with Swiss direct air-capture company Climeworks as part of its carbon dioxide removal portfolio.

The Supreme Court yesterday limited the Environmental Protection Agency’s authority to regulate power plant emissions, dealing a significant blow to the Biden administration’s climate change agenda. The ruling is the product of a longstanding campaign by some conservatives to curtail or dismantle the power of the so-called administrative state, the system of agencies that regulate wide areas of the economy. It is already altering the balance of power between businesses and the regulators that oversee them.