Exxon Mobil has agreed to pay $59.5 billion for rival Pioneer Natural Resources in a deal that will secure the energy giant’s status as the fracking leader in the all-important Permian Basin—a region that stretches across West Texas and New Mexico and produces nearly 40% of all U.S. oil and 15% of all U.S. natural gas. If the acquisition survives a...
Unprecedented global warming will wipe out all mammals during a mass extinction event in about 250 million years, according to a new study. The world’s continents are predicted to eventually merge once again to form an ultra-hot, dry and largely uninhabitable supercontinent called Pangea Ultima, said the climate change research, published on Monday in the journal Nature Geoscience. Read more: independent.co.uk Photo: independent.co.uk
![Study finds possibilities to reduce pollution from major industry: ‘This [is] an area for immediate action’](https://earthactiongloballeague.com/wp-content/uploads/2023/09/Screenshot-440.png "Screenshot (440)")
The construction industry is one of the biggest global polluters — accounting for a possible 40 percent of global carbon pollution — so finding solutions to make practices more sustainable is crucial in the fight to stop temperatures rising worldwide. Positive findings in a study published in the journal One Earth, summarized by EurekaAlert, have revealed that it is...
Oil-rich nations are in a quandary – how to keep harvesting their natural riches under the earth, continue to generate vast amounts of revenue, and stay out in front of the coming tsunami of climate action? The United Arab Emirates (UAE) has found a solution: sponsor the annual COP28 conference, position itself as a leader in...
When one of Canada’s most influential oil lobby groups set out to cleanse its image of an industry proven to drive global heating, it designed a splashy advertising offensive to change public perception. In the ads, the six oilsands majors that make up the Pathways Alliance — Suncor Energy, Imperial Oil, Cenovus Energy, ConocoPhillips, Canadian...
It is feasible to phase out coal in steelmaking by 2043 to 2045 without ‘premature shutdowns’ of plants, report by Agora Industry and Wuppertal Institute saysTechnologies required to reach net zero in steelmaking are available, but governments and firms need to join hands to deploy them quickly, Agora’s Frank Peter saysThe global steel industry can...
The coal mining industry runs the risk of suffering significant losses as governments increasingly tilt towards renewable energy sources and demand that companies have net-zero carbon emissions. Leisure businesses, such as ski resorts, face risk of melting snow owing to climate change. Droughts, wildfires, and flooding are red flags for the agricultural sector. Also Read...
COP28 will be the third Conference of Parties I have reported on the ground from for ESG Clarity, and it is the one I am most concerned about. Apart from the loss and damage fund, little was agreed last year, as we predicted. But this year has the potential to do worse than nothing – it could...