Big Oil’s Record-Breaking Spending on Lobbying Last Session Hobbled Key California Climate Measures

Tommy MalettaSRI/ESG News, Wealth of Networks, Latest Headlines

By Liza Gross, Inside Climate News One bill that would have required oil companies to help pay for damages from climate-driven disasters failed and another that would levy heavy fines on refineries that release toxic air contaminants was watered down. A view of the Martinez Refining Company in Martinez, Calif. …

This Startup Aims to Restore the Ocean’s Power to Store Carbon

Tommy MalettaSRI/ESG News, Greentech, Latest Headlines

By Scarlett Buckley, Sustainable Brands The startup’s ‘AI-optimized CDR’ approach is designed to re-create the optimal conditions for phytoplankton to play their part in oceanic carbon sequestration, with a goal to sequester 1Gt of CO? annually by 2030. The ocean is the most efficient carbon dioxide-removal (CDR) and -storage system we have, absorbing around 30 …

Microsoft backs nature-based carbon removal

Tommy MalettaGreen Prosperity, SRI/ESG News, Latest Headlines

By Andrew Freedman, Axios Chestnut Carbon, a nature-based carbon removal company, has inked a new, long-term agreement with Microsoft to provide the tech giant with removal credits from its projects in Arkansas, Texas and Louisiana. Why it matters: The 25-year offtake agreement is among the largest U.S. afforestation, reforestation, and revegetation (ARR) projects …

A Supreme Court Case About a Railway Could Have Widespread Impacts on U.S. Environmental Laws

Tommy MalettaSRI/ESG News, Trendspotting, Latest Headlines

By Wyatt Myskow, Inside Climate News A proposed Utah railway would quadruple the Uinta Basin’s oil production if built. Colorado and environmentalists have fought the project, arguing its impacts would extend far beyond Utah’s own borders. An aerial view of the Uinta Basin oil fields, where a proposed 88-mile railway …

Coca-Cola accused of quietly dropping its 25% reusable packaging target

Tommy MalettaSRI/ESG News, Sustainability News, Latest Headlines

By Helena Horton, The Guardian Campaigners say company’s apparent abandoning of 2030 pledge is a ‘masterclass in greenwashing’ Coca-Cola has been previously found by researchers to be among the world’s most polluting brands when it comes to plastic waste. Photograph: Régis Duvignau/Reuters Coca-Cola has been accused of quietly abandoning a pledge …