Category: CN_BUSINESSES_TA

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.

Germany put its energy sector on war footing last week, warning of impending shortages as Russia further tightens deliveries of natural gas to Europe. By reducing Europe’s ability to fill inventories that will be needed when winter comes, Russia is boosting its leverage to weaponize energy exports as part of its campaign to conquer Ukraine and break Western resistance. In escalating the gas system to the second-highest “alarm” stage—one step away from government energy rationing—German Energy and Economics Minister Robert Habeck called on Germans to “make a difference” by voluntarily changing their consumption behavior to conserve energy.

The global economy won’t reach net-zero carbon emissions without putting an end to deforestation. That’s the conclusion of the United Nations-backed Race to Zero campaign, which pushes companies and investors to reduce emissions. The report, which was published Wednesday in partnership with nonprofit Global Canopy, Science Based Targets initiative and the Accountability Framework Initiative, said companies committing to eliminate emissions by 2050 must act with urgency to stamp out tropical deforestation in their supply chains.

Equity index compiler MSCI said on Tuesday the world’s listed companies were on a course to cause global warming of 2.9 degrees Celsius, well above a target to limit the worst effects of climate change on the planet. Fewer than half of all global listed companies align with a 2 degree temperature increase, and only just over a tenth conform to the most ambitious 1.5 degree temperature rise scenario, MSCI said in its quarterly Net-Zero Tracker.

Alphabet, Microsoft, and Salesforce today pledged $500 million to new climate tech that’s supposed to pull carbon dioxide out of the atmosphere to keep it from heating up the planet. It’s the latest move by Big Tech to propel the emerging technology forward while painting themselves as global leaders when it comes to taking action on climate change.