Climate Change
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Former Nigerian President, Olusegun Obasanjo has raised alarm over water borehole drilling in homes, declaring that the repercussions could be devastating. He lamented that the incessant construction of boreholes particularly in Abeokuta, the Ogun State capital, was as a result of failure of subsequent administrations to sustain the Oyan Dam project embarked on by his…
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Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for greater fossil fuel production. In a further row back of climate targets the company has said renewable energy investment will fall by $5bn (£3.95bn) a year to just $1bn to $2bn (£790m to £1.58bn). Less than half that…
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BP’s hiking of fossil fuel production in the face of overwhelming evidence it will worsen the rapidly changing climate was done for one reason – to increase shareholder value. After the announcement, however, its share price was down 1% at points, making it one of the worst performers among the most valuable London Stock Exchange listed…
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A judge has dismissed New York City’s lawsuit alleging that Exxon Mobil, BP and Shell were liable for misleading the public about their products, and their commitment to renewable energy and fighting climate change. In a decision Tuesday, state Supreme Court Justice Anar Patel in Manhattan rejected the city’s argument that the oil companies should…
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Azerbaijan’s first bid for a climate finance deal has failed to break a stand-off between rich and poor nations, though it says a ‘breakthrough’ is imminent. A keenly-awaited draft agreement on climate finance was immediately deemed inadequate by EU negotiators at COP29 this morning, with campaigners also calling it an “illusion of progress”. “As for…
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A fresh draft deal published on Thursday (Nov 21) at the deadlocked COP29 climate talks shows rich and poor countries still divided as time runs out to strike a finance agreement for developing nations. The streamlined text released in Azerbaijan recognises developing countries need a trillion dollars per year to fight global warming, but does not present…
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UN Secretary-General Antonio Guterres on Thursday highlighted the role of young people in driving climate action and shaping urban futures, and called for empowering them to accelerate global sustainable development progress. In his message to mark World Cities Day, which is observed annually on Oct 31, Guterres said, “We recognize the role of young people…
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China’s Ministry of Commerce (MOC) said Thursday the country is studying increasing tariffs on imported fuel-powered vehicles with large-displacement engines. A decision will be made prudently after comprehensive consideration of various factors, MOC spokesperson, He Yadong, told a press conference. When answering a question on negotiations between China and the European Union (EU) on electric…
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The Antarctic Ice Sheet is retreating at a faster rate than in previous decades, raising concerns about a total collapse. Last week, scientists revealed concerning findings about the colossal Thwaites Glacier in Antarctica. Researchers said there is a “grim outlook” for the future of the ice sheet. Measuring roughly the size of Great Britain, the…
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The European Commission on Monday proposed financial support of 119.7 million euros (141.4 million U.S. dollars) for farmers in Bulgaria, Germany, Estonia, Italy and Romania impacted by severe weather this spring and summer. Germany will receive the largest share of the funding, totaling 46.5 million euros, followed by Italy with 37.4 million, Romania with 21.6…
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Up to 68 percent of Australia’s tourism sites will be facing major risks from climate change, a report said on Monday. The first Climate Risk Index for Australia’s tourism industry, published by Zurich Financial Services Australia and economics consulting firm Mandala Partners, found that half of Australia’s tourism assets, including national parks, museums, airports and…
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Several communities in Somalia are at imminent risk of flooding as river levels continue to rise in central parts of the country, a UN agency warned in a flood advisory issued Saturday. Projections by the Food and Agriculture Organization of the United Nations and the Somalia Water and Land Information Management (FAO-SWALIM) indicate a risk…
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As global temperatures rise due to climate change, mosquito season has lengthened across much of the contiguous United States, a development that scientists warn could heighten the risk of outbreaks of diseases such as dengue and malaria, and the spread of West Nile and Zika viruses, reported The Washington Post (WP) on Thursday. “Over the…
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A credible corporate climate commitment begins with setting an emissions reduction target that covers both a company’s direct and indirect greenhouse gas emissions: if a company does not already have an emissions baseline from which to set a target, creating one is a necessary first step. Aligning such a target’s ambition level with the latest…
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Deadly heatwaves are scorching cities on four continents as the Northern Hemisphere marks the first day of summer, a sign that climate change may again help to fuel record-breaking heat that could surpass last summer as the warmest in 2,000 years. Record temperatures in recent days are suspected to have caused hundreds, if not thousands, of deaths across…
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Torrential downpours hitting El Salvador since Friday have claimed 11 lives and forced over 880 people to evacuate, the National Civil Protection Commission said Monday. Luis Alonso Amaya, director of the National Civil Protection System, told a press conference that three minors were among the fatal victims, and falling trees were to blame for several…
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