"Talks at COP26 on international carbon markets are running into difficulties, as the U.S. lines up behind the European Union with objections to a key demand from developing countries, according to people familiar with the situation."
Economy & Business
"The oil giant floated the idea for an enormous carbon capture and storage hub this week. It just needs some help footing the pricetag."
"Ahead of a key city council vote on a $28.5 million water pact with Google, the city of The Dalles filed suit in state court Friday in an effort to keep the tech giant’s water use a secret."
"Some of the world’s biggest financial institutions on Wednesday vowed to mobilize trillions of dollars to help shift the global economy toward cleaner energy as negotiators at the United Nations climate summit struggled with the question of how to pay for the enormous costs of climate change."
"Hundreds of the world’s biggest banks and pension funds with assets worth $130tn have committed themselves to a key goal in limiting greenhouse gas emissions, the UK government will announce on Wednesday."
"Investors, foundations, universities and governments pulled their assets from fossil fuel companies in record numbers in October."
"Minutes into the questioning of oil company executives at a hearing on climate disinformation this morning, House Oversight and Reform Chair Carolyn Maloney suggested the head of Exxon Mobil Corp. had perjured himself."
"After months of debate and delay, the Australian government on Tuesday promised to reach “net zero” emissions by 2050, unveiling a plan built on hope and investment in low-emissions technologies."
"Years before Amplify Energy made headlines for its ruptured pipeline that spewed oil into Southern California ocean waters in early October, the company’s owners were successfully fighting in court to change its obligation to maintain federally mandated funds for plugging and abandoning offshore oil and gas wells and equipment."