Business & Finance Archives - Inside Climate News https://insideclimatenews.org/topic/business-finance/ Pulitzer Prize-winning, nonpartisan reporting on the biggest crisis facing our planet. Tue, 03 Oct 2023 19:21:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.2 https://insideclimatenews.org/wp-content/uploads/2020/09/cropped-favicon-32x32.png Business & Finance Archives - Inside Climate News https://insideclimatenews.org/topic/business-finance/ 32 32 Apple Goes a Step Too Far in Claiming a Carbon Neutral Product, a New Report Concludes https://insideclimatenews.org/news/03102023/apple-claim-carbon-neutral-watch-draws-skepticism/ Tue, 03 Oct 2023 09:00:00 +0000 https://insideclimatenews.org/?p=74254 The maker of the iPhone is a leader in efforts to reduce the climate impact of its products, but a recent claim about its new line of Apple Watches may be “climate-wash,” a Chinese environmental research organization says.

Apple’s recent announcement of its first-ever “carbon neutral” product was questioned in a new report by a Chinese environmental research organization that gathers and tracks data on greenhouse gas emissions from China’s manufacturing sector, which makes the majority of Apple products. 

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In the Ambitious Bid to Reinvent South Baltimore, Justice Concerns Remain https://insideclimatenews.org/news/02102023/bid-to-reinvent-south-baltimore-justice-concerns-remain/ Mon, 02 Oct 2023 09:00:00 +0000 https://insideclimatenews.org/?p=74219 Parks, trails, housing, commercial development, flood resiliency efforts and new community amenities are supposed to turn the Middle Branch of the Patapsco River into the next Inner Harbor. But some activists worry about gentrification and more injustice.

Harm City: Fourth in a series about environmental justice and climate adaptation in Baltimore’s neighborhoods.

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A Drop in Emissions, and a Jobs Bonanza? Critics Question Benefits of a Proposed Hydrogen Hub for the Appalachian Region https://insideclimatenews.org/news/26092023/appalachia-hydrogen-hub-benefits-disputed/ Tue, 26 Sep 2023 10:00:00 +0000 https://insideclimatenews.org/?p=74107 The potential gains for Pennsylvania, West Virginia and Ohio have not been clearly spelled out, and the science is being challenged, as the Department of Energy prepares to announce the builders of six to 10 federally funded hubs across the country.

PITTSBURGH—As the federal government nears a decision on which of the nation’s proposed “hydrogen hubs” will share up to $8 billion in startup money, critics of the idea in the Appalachian region are asserting that the program would do little to curb greenhouse gas emissions or create jobs, while increasing electricity prices for consumers and businesses.

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Some Rare, Real Talk From a Utility About Competition With Rooftop Solar https://insideclimatenews.org/news/21092023/inside-clean-energy-utilities-rooftop-solar-competition-profits/ Thu, 21 Sep 2023 13:00:00 +0000 https://insideclimatenews.org/?p=73941 An Arizona utility’s expert witness said the quiet part out loud.

In a hearing last month in Arizona, an expert witness for the state’s largest utility said he agrees with the idea that utilities oppose rooftop solar because it is a threat to their profits.

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More Than 100 Protesters Arrested in New York City While Calling on the Federal Reserve to End Fossil Fuel Financing https://insideclimatenews.org/news/19092023/protesters-arrested-new-york-federal-reserve-fossil-fuel-financing/ Tue, 19 Sep 2023 09:00:00 +0000 https://insideclimatenews.org/?p=73902 In a mass act of civil disobedience, activists blocked the entrance to the Federal Reserve Bank of New York to urge financial regulators to take action on the climate crisis.

NEW YORK — In one of the largest acts of civil disobedience to protest climate change in New York in a decade, more than 100 climate protesters were arrested on Monday after blockading the entrances to the Federal Reserve Bank of New York, where they called on financial regulators to curb fossil fuel financing. 

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Errors In a Federal Carbon Capture Analysis Are a Warning for Clean Energy Spending, Former Official Says https://insideclimatenews.org/news/16092023/north-dakota-carbon-capture-doe-errors/ Sat, 16 Sep 2023 09:27:00 +0000 https://insideclimatenews.org/?p=73854 A coal plant seeking hundreds of millions in public funding submitted an analysis riddled with mistakes, according to a former Energy Department official. But the government published it anyway.

A former Energy Department official is warning that the government may not be prepared to assess the effectiveness of new clean energy projects, pointing to what she called serious errors in a recent analysis of a major carbon capture and storage proposal in North Dakota.

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Industrial Plants in Gary and Other Environmental Justice Communities Are Highlighted as Top Emitters https://insideclimatenews.org/news/14092023/gary-steel-works-top-emitter-environmental-justice/ Thu, 14 Sep 2023 10:00:00 +0000 https://insideclimatenews.org/?p=73816 A new report on toxic pollution, greenhouse gas emissions, health metrics and environmental justice indicators could guide investments to clean up heavy industry.

GARY, Ind.—It has been a bittersweet homecoming for Maya Etienne. Her affection for her birthplace runs deep—despite the decline of the city’s once-robust steel-manufacturing industry.

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As Federal Money Flows to Carbon Capture and Storage, Texas Bets on an Undersea Bonanza https://insideclimatenews.org/news/08092023/texas-land-office-offshore-carbon-storage-leases/ Fri, 08 Sep 2023 09:30:00 +0000 https://insideclimatenews.org/?p=73616 Hungry for royalties, the state is awarding offshore leases to oil and gas companies that hope to bury heat-trapping carbon dioxide deep beneath the seafloor. But critics worry about leakage through rock layers, pipeline safety and the lackluster record of carbon capture facilities onshore.

Over the last century, the state of Texas has reaped billions of dollars by allowing companies to burrow into the floor of the Gulf of Mexico to extract oil and gas. Now, the General Land Office—the state agency tasked with protecting the vulnerable Texas shoreline and other natural resources—is eyeing carbon sequestration as the next industry to develop in the Gulf. 

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Private Equity Giant KKR Is Funding Environmental Racism, New Report Finds https://insideclimatenews.org/news/08092023/private-equity-giant-kkr-is-funding-environmental-racism-new-report-finds/ Fri, 08 Sep 2023 09:00:00 +0000 https://insideclimatenews.org/?p=73620 The climate impacts of the private equity industry create significant harm to BIPOC communities in Texas, Louisiana and British Columbia, Canada, it found.

From the Gulf South to Canada, frontline communities are getting hit hard by fossil fuel projects supported by a powerful firm in a notoriously opaque sector of the financial industry.

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New Rules Help to Answer Whether Clean Energy Jobs Will Also Be Good Jobs https://insideclimatenews.org/news/07092023/inside-clean-energy-biden-ira-union-wages/ Thu, 07 Sep 2023 13:00:00 +0000 https://insideclimatenews.org/?p=73595 The Biden administration’s proposal for Inflation Reduction Act wage, benefit and apprenticeship requirements aim to create “real middle-class careers.”

One goal of the Inflation Reduction Act is to make sure that jobs created by the transition to clean energy have high standards for wages and benefits. The Biden administration is now providing some specifics about how this will work.

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