How much greenhouse gas a company produces has a significant effect on the value of the company’s stock, according to a new study by researchers at the University of California (UC), Davis; UC, Berkeley; and University of Otago in New Zealand. The greater the carbon emissions, the lower a company’s stock, all other factors being
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A new Climate Change Vulnerability Index has been released by the risk analysis firm Maplecroft. The index uses 42 separate social, economic, and environmental indicators to calculate the vulnerability of 170 countries to the impacts of climate change over the next 30 years. Sixteen countries, including some of the fast-growing economies in Asia, were identified
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Maplecroft launched rebalanced rankings for the Climate Innovation Indexes (CIIs), which rate the top 350 U.S. companies based on their climate innovation and carbon management programs. GE, Ford, Alcoa, Air Products, J&J, Praxair, Lexmark, Intel, UTC and AMD top the list. [More…]
The aviation industry has long proclaimed that it has a relatively insignificant impact on global climate change, accounting for less than 3 percent of CO2 emissions. The industry also asserts that because of the high cost of fuel, there is tremendous incentive to reduce fuel usage through more efficient engine technology. In fact, some analysts argue that the industry’s engines have become up to 70 percent more fuel efficient since the 1960s. This article examines the validity of the aviation industry’s climate change claims. […]
China, the world’s largest energy user, ordered 2,000 industrial facilities producing steel, coal, cement, aluminum, glass and other materials to close their old and obsolete plants by the end of September. Facilities that fail to meet the regulatory deadline risk losing their pollution emission certifications, having their bank loans frozen, and having their power cut
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The U.S. Department of Energy announced June 10th that it had awarded grants to demonstrate large-scale carbon capture and storage (CCS) from three industrial sources. The projects seek to test large-scale industrial carbon capture and storage, an important step in moving CCS technology toward eventual commercial deployment. The selected projects include large-scale applications that capture carbon dioxide (CO2) emissions from industrial sources and either store it in a deep saline formation or use it for enhanced oil recovery.
This is the third of a three-part series that examines the recent U.S. SEC Guidance on financial disclosures related to climate change. This article provides detailed suggestions for climate change disclosures.
The following report from the United Nations Framework Convention on Climate Change (UNFCCC) in Bonn, Germany was written by the lawyers at Norton Rose and excerpted from their insightful and oftentimes humorous blog. This session is the first opportunity for the Parties to formally revisit the Copenhagen negotiations of December 2009 in detail.
This is the second of a three-part series that examines the recent U.S. SEC Guidance on financial disclosures related to climate change. This article provides a detailed analysis of the SEC Guidance.
This is the first of a three-part series that examines the recent U.S. SEC Guidance on financial disclosures related to climate change. This article reviews accounting basics that will help readers better understand the context of the SEC Guidance.
