"Private equity firms are increasingly profiting from cleaning up climate disasters in the US, while failing to better protect workers and often also investing in the fossil fuels that are causing the climate emergency, new research has found."
"African leaders on Wednesday proposed new global taxes and reforms to international financial institutions to help fund climate change action in a declaration that will form the basis of their negotiating position at November's COP28 summit."
"Voluntary carbon markets have shrunk for the first time in at least seven years, as companies including food giant Nestle and fashion house Gucci reduced buying and studies found several forest protection projects did not deliver promised emissions savings."
"Some of the largest U.S. insurance companies say extreme weather has led them to end certain coverages, exclude natural disaster protections and raise premiums".
"A crypto-mining company in Pennsylvania is seeking to burn tires to produce bitcoin, prompting an outcry from residents and environmental groups."
"Global subsidies for fossil fuels reached $7 trillion in 2022, an all-time high, according to the International Monetary Fund."
"Climate activists caused a miles-long traffic jam when they blocked the only road leading into the Burning Man festival in the Nevada desert.
Videos posted online show activists using a trailer to block the road that leads into Black Rock City. One video posted to X, the social media platform formerly known as Twitter, shows a white pickup truck appearing to be from the Pyramid Lake Ranger Station crashing through the barricade set up by protesters.
"A company established by a Dubai sheikh is finalizing agreements with African nations to manage vast tracts of their forests and sell the carbon credits. Critics are concerned the deals will not benefit Africans and will just help foreign governments perpetuate high emissions."
"The company’s researchers predict that an expanding population and worldwide economy will drive up energy demand for fossil fuels."
"Exxon Mobil projected that greenhouse-gas emissions and the efforts to keep the planet’s temperature from rising beyond an increase of 2 degrees Celsius by 2050 is destined to fail in a report released by the oil giant on Monday.
"The world’s corporations produce so much climate change pollution, it could eat up about 44% of their profits if they had to pay damages for it, according to a study by economists of nearly 15,000 public companies."
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