Business & Finance - Inside Climate News https://insideclimatenews.org/topic/business-finance/ Pulitzer Prize-winning, nonpartisan reporting on the biggest crisis facing our planet. Fri, 27 Sep 2024 22:35:44 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://insideclimatenews.org/wp-content/uploads/2020/09/cropped-favicon-32x32.png Business & Finance - Inside Climate News https://insideclimatenews.org/topic/business-finance/ 32 32 228474941 Fossil Fuel Presence at Climate Week NYC Spotlights Dissonance in Clean Energy Transition https://insideclimatenews.org/news/27092024/fossil-fuel-presence-at-climate-week-nyc-spotlights-dissonance-in-clean-energy-transition/ Fri, 27 Sep 2024 19:35:35 +0000 https://insideclimatenews.org/?p=86787 As climate activists spoke out against fossil fuel presence, countries detailed the barriers slowing their transition to clean energy.

As Hurricane Helene strengthened in the Gulf of Mexico over the past few days—officially making landfall last night—thousands of government leaders, business representatives, nonprofit heads and guests met across New York City for Climate Week NYC, discussing ways to curb the emissions that fuel climate disasters.

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Wyoming Lags in Clean Energy Jobs, According to New Report https://insideclimatenews.org/news/27092024/wyoming-lags-in-clean-energy-jobs/ Fri, 27 Sep 2024 08:50:00 +0000 https://insideclimatenews.org/?p=86736 Without a stronger commitment to renewables, some fear the state may miss out on the energy transition’s economic opportunities.

In the first full year since President Joe Biden signed the Inflation Reduction Act, clean energy jobs in the U.S. grew at a faster clip than jobs across the rest of the economy, according to a new report by a business nonprofit. But there are few signs of that expansion in Wyoming, long the nation’s largest purveyor of coal and a hotbed of fossil fuel development, where clean energy job growth has been halting. 

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Activists Disrupt Occidental Petroleum CEO’s Interview at New York Times Climate Event https://insideclimatenews.org/news/26092024/activists-disrupt-occidental-petroleum-interview-at-new-york-times-climate-event/ Thu, 26 Sep 2024 09:05:00 +0000 https://insideclimatenews.org/?p=86685 The move is part of a string of similar disruptions targeting appearances by oil company representatives and government leaders at Climate Week NYC.

NEW YORK—Vicki Hollub, the CEO of Occidental Petroleum, had barely stepped on stage for her interview at the New York Times’ Climate Forward event when an audience member leapt up into her path. 

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How New York City Has Lost Out on $4.2 Billion in State Green Bonds https://insideclimatenews.org/news/26092024/new-york-city-billions-in-state-green-bonds/ Thu, 26 Sep 2024 08:55:00 +0000 https://insideclimatenews.org/?p=86594 Voters in New York City were the biggest backers of the Environmental Bond Act, but funding formulas have steered nearly every dollar upstate, with the city getting just 2 percent so far.

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In Honduras, Libertarians and Legal Claims Threaten to Bankrupt a Nation https://insideclimatenews.org/news/15092024/foreign-investor-legal-claims-threaten-to-bankrupt-honduras/ Sun, 15 Sep 2024 09:00:00 +0000 https://insideclimatenews.org/?p=86122 One of Latin America’s poorest countries faces a wave of claims from foreign investors seeking billions of dollars. Chief among them is an American company looking to build a semi-autonomous “startup city.”

ROATÁN, Honduras—Years later, Luisa Connor and Vanessa Cárdenas would look back ruefully on the day foreigners visited their beachfront village with plans for a development next door. They had no idea the effort was backed by Silicon Valley billionaires who wanted to build a “startup city,” or that a relatively new Honduran law would allow them to establish this semi-autonomous enclave. They could not foresee they would lead a fight against it that would launch their village into national politics and prompt an international legal dispute, threatening to bankrupt the country. They thought it was just another hotel.

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Departures From Climate Action 100+ Highlight U.S.-Europe Divide Over ESG Investing https://insideclimatenews.org/news/14092024/climate-action-100-esg-investing-departures/ Sat, 14 Sep 2024 09:05:00 +0000 https://insideclimatenews.org/?p=86108 In recent months, several major U.S. financial firms have left Climate Action 100+ in apparent response to political pressure. Abroad, the initiative is anything but losing steam.

Over the past few months, a string of large American asset managers have left Climate Action 100+, a global investor group created to ensure that the largest corporate emitters of greenhouse gases take action on climate change. Their departure coincides with intensifying political debate over sustainable investing, as a variety of Republicans have sought to crack down on what they call a “climate cartel.” 

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When Will the EV Sales Slump End? Here’s What the Experts Say https://insideclimatenews.org/news/12092024/inside-clean-energy-ev-sales-slump/ Thu, 12 Sep 2024 13:00:00 +0000 https://insideclimatenews.org/?p=86063 Three questions and answers to help get a handle on the electric vehicle market.

U.S. electric vehicle sales have slowed in 2024. So how long will this period last?

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A Power Plant Expansion Tied to Bitcoin Mining Faces Backlash From Conservative Texans https://insideclimatenews.org/news/12092024/texas-bitcoin-mining-power-plant-expansion-backlash/ Thu, 12 Sep 2024 09:00:00 +0000 https://insideclimatenews.org/?p=86073 In a city with just over 10,000 people, a noisy Bitcoin mine keeps residents up at night. Now, the power plant that fuels it wants to expand, but the neighbors are worried about the impact on their health.

GRANBURY, Texas—About 150 angry residents gathered in a conference center here on Monday for a public meeting hosted by the state environmental agency regarding Constellation Energy’s proposal to build a new 300-megawatt power plant alongside two existing power plants that border residential neighborhoods. 

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As the UAW Moves Into Battery Plants, New Research Shows the Shift to EVs Doesn’t Lead to Job Losses https://insideclimatenews.org/news/10092024/ev-batteries-union-workers-downplay-politics/ Tue, 10 Sep 2024 09:05:00 +0000 https://insideclimatenews.org/?p=86000 Years after GM’s Lordstown Assembly plant closed, union manufacturing jobs have returned to northeast Ohio, where workers feel the benefits firsthand.

Politically Charged: Fifth in a series about how political polarization threatens the EV future. 

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As the Planet Warms, Activists in North Carolina Mobilize to Stop a Gathering Storm https://insideclimatenews.org/news/08092024/gaslighting-north-carolina-lng-plant-permits/ Sun, 08 Sep 2024 09:00:00 +0000 https://insideclimatenews.org/?p=85818 A liquified natural gas processing facility, four natural gas plants, multiple compressor stations and a clutter of pipelines are all now in the works, awaiting approval from state regulators. Can any of it be stopped?

Gaslighting: First in a series published in partnership with The Assembly about opposition to a wave of new natural gas pipelines, power plants and storage facilities on the drawing board in North Carolina. 

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