New York CNN Business — In 2019, Air Company made a splash when it launched vodka derived from recaptured carbon, in an effort to reduce the amount of the harmful greenhouse gas in the atmosphere. Today, the Brooklyn-based startup has begun using the same process to make fuel for airplanes. Air Company’s sustainable aviation fuel, […]
CNN — One of the biggest surprises at last year’s United Nations climate summit came in the form of a handshake. US climate envoy John Kerry and his China counterpart Xie Zhenhua did so at COP26 in Glasgow as they announced a commitment to cooperate on the climate crisis. The countries vowed to work together […]
New York CNN — Phillips 66 is cutting at least 1,100 jobs by the end of this year as the refining giant seeks to slash costs and steer a larger chunk of its soaring profits to shareholders. At its investor day meeting in New York Wednesday, Phillips 66 detailed plans to slim down in a […]
CNN — Egypt is facing a barrage of criticism over what rights group say is a crackdown on protests and activists, as it prepares to host the COP27 climate summit starting Sunday. Rights groups have accused the Egyptian government of arbitrarily detaining activists after Egyptian dissidents abroad called for protests to be held against President […]
CNN — A group of tourists traveling in the Peruvian Amazon, who were detained on Thursday by an indigenous community demanding government action over an oil spill, will be released Friday, Abel Chiroque, head of the ombudsman office in Loreto, told CNN. “We have been in touch with the leader of the Cuninico community… and […]
London CNN Business — Commodities giant Glencore (GLCNF) has been ordered to pay a record £281 million ($314 million) penalty by a UK court for bribing officials across Africa to gain access to oil. The UK government’s Serious Fraud Office (SFO), which brought the case against Glencore Energy UK, said on Thursday that the penalty […]
CNN — The climate crisis is touching nearly every region of the world. But perhaps one of the most visible indicators of its impact is its effect on Earth’s iconic glaciers, a major source of freshwater supply. Glaciers have been melting at a breakneck pace in recent decades, leading to around 20% of global sea […]
New York CNN Business — Former US Treasury Secretary Larry Summers said on Tuesday that the growing chorus of economists and politicians urging the Federal Reserve to pause its aggressive rate hikes in order to fight inflation are misguided. Those critics say that the Fed could throw the economy into recession, but Summers argued there’s […]
London CNN Business — BP’s profit more than doubled in the third quarter of the year, extending a bumper run of earnings for the world’s biggest oil and gas companies that will add to growing calls in Britain and the United States for higher taxes on windfall profits. The UK-based energy company posted underlying profit […]
London CNN Business — European inflation has accelerated to a new record high as energy and food prices in the region continue to skyrocket. Prices across the 19 countries that use the euro increased at an annual rate of 10.7% in October, up from 9.9% in September, according to initial estimates released Monday. Energy prices […]