Shell’s new chief executive is poised to cut hundreds of jobs from the oil giant’s low-carbon division as part a plan to boost the company’s profits. Wael Sawan plans to shrink the number of staff working on low-carbon solutions by around 200 next year, after vowing to shift Shell’s focus towards high-profit oil projects and expanding its...
People living on the front lines of conflict often find themselves on the front lines of the climate crisis as well. Many of the countries most vulnerable to climate change – including Sudan, Afghanistan and Yemen – are also experiencing instability that leaves them ill-equipped to adapt to its challenges. And some are warning that...
JOHN KERRY LOOKED on from the front row as Sultan Al Jaber of the United Arab Emirates took to the stage in Abu Dhabi in January. Next to Kerry on the plush white chairs reserved for VIPs were senior figures from the Emirati, British, and U.S. governments. It was Al Jaber’s first public appearance since being...
Welcome back — and a big thank you to all the participants who made day one of the Moral Money Summit Americas such a success (especially the many loyal readers in attendance).We continue today in New York with an action-packed second day, featuring former Colombian president Iván Duque Márquez, Verizon chief executive Hans Vestberg, Hester...
A worried Iraqi father points at a blister on the face of his one-year-old daughter, the result of a parasitic infection carried by sandflies in her remote village. “It’s a skin disease, the ‘Baghdad boil’,” Najeh Farhan said of the pustule on Tiba’s mouth as the toddler played with a pacifier at their home in...
Companies including Nestle (NESN.S), Unilever (ULVR.L), Mahindra Group and Volvo Cars are urging political leaders to agree a timeline at the upcoming U.N. climate summit to phase out fossil fuels. The 131 companies, which have nearly $1 trillion in global annual revenues, wrote in a letter published on Monday that attendees at the COP28 summit must commit...
Oil prices could surge. Disagreements between nations could worsen. The conflict complicates already fragile global diplomacy ahead of crucial climate talks. Global efforts to address climate change are already clouded by bitterness and distrust among countries of the world. Now a widening gyre of conflict in the Middle East threatens to fracture an already divided...
Since their inception more than 30 years ago, carbon offsets have given false comfort to those seeking easy solutions to the climate crisis. Encouraging one party to continue pumping greenhouse gases into the atmosphere, while paying another to do the opposite has been a giant diversion: side-tracking us from decarbonising our economies and lives. One scandal after another has...
The UAE government has repatriated the body of a Filipina domestic worker who died last month, and launched an investigation into the findings of a Guardian report on the recruiters that brought her into the country. When Vergie Tamfungan, 39, died on 25 September, she was being held in her recruiter’s accommodation in the emirate of Sharjah...
Wall Street is returning to climate talks that it largely snubbed last year, as the United Arab Emirates steps into the role of host. BlackRock Inc. Chief Executive Officer Larry Fink is among a string of finance heavyweights planning to attend the COP28 summit in Dubai that starts next month, according to people familiar with...