This week’s Current Climate, which every Monday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week.
The Securities and Exchange Commission voted to adopt new rules that would require public companies to disclose certain climate-related risks. Within hours, 10 red states–including West Virginia, Georgia and Alabama–had sued to challenge the regulatory body’s requirements. At issue were environmental disclosure rules first proposed in 2022 as part of President Joe Biden’s efforts to use the federal agency to address the threats of climate change, following similar disclosure requirements in Europe. The final rule that the SEC adopted was scaled back from an earlier version, dropping disclosures around what’s known as “scope 3 emissions,” which cover products that companies buy from third parties. That paring back angered some progressive Democrats (Senator Elizabeth Warren called the new rules “the bare minimum”) and climate groups, leading to speculation that the rule would be challenged from both sides, a highly unusual occurrence.
Steel production is horrible for the environment, accounting for some 8% of CO2 emissions globally each year. MIT spinout Boston Metal, which has raised more than $350 million from investors that include Bill Gates’s Breakthrough Energy Ventures and steel giant ArcelorMittal, thinks it has an answer: zapping iron ore with electricity instead of putting it through a blast furnace. In a major test of the ability of its technology — technically known as molten oxide electrolysis — to scale, the company is opening a plant in Brazil this week to make pricey, low-carbon iron alloys in a similar process. CEO Tadeu Carneiro told Forbes that he expects the Brazilian operation to reach $400 million in revenue, with operating profit of $100 million, by 2026, the same year the company expects to go commercial with its green steel.
Read more here.
Your target is to slash CO2 in half by 2030 and be net zero by 2050. How will you do that?
The biggest levers for us are, first of all, investing in new aircraft. That has an impact of minus 20% [carbon emissions] per new aircraft coming into the fleet with new technology. The second one is SAF — sustainable aviation fuel. And the third one is new technology, like carbon capture. For us as an industry to go greener we will need a whole array of different types of technology and different methodologies going forward.
What about carbon offsets, which have grown more controversial over things like tree plantings and forests that aren’t necessarily there?
It’s a topic which gets a lot of discussion these days. I think we should not be too negative about all carbon offsetting
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Looking for a springtime pick-me-up? These free travel contests, giveaways and sweepstakes could be just the ticket to have you winging to far-flung getaways with just a little luck. From big-ticket prices from famous hospitality brands to short weekend trips closer to home, these are some of the top competitions worth considering.
Greece inspires our dreams – we dream about its azure seas, its charming island villages and its myriad beaches, both broad and minute. We dream about the Acropolis, shining on a hill over fascinating Athens. This grand country, from mountaintop to city street, lives up to those dreams. Greece satisfies travelers looking for adventure, the great outdoors, relaxing seaside vacations and immersive cultural experiences.
If you are planning a trip to Japan this summer, you’re not alone. New research has revealed the most popular destinations for the coming peak travel season – and there are a few surprises.
Wherever you go to catch the total solar eclipse on April 8, those three or four minutes of daytime darkness — no matter how spectacular — might not be enough.
When Norse Atlantic released its results for 2023, it was a celebration of several milestones. These included completing its first full year of operation and carrying over a million passengers on more than 4,000 flights.
Digital nomadism has shot up in popularity recently. While many destinations have simple citizenship requirements in place, the country a person hails from can still significantly impact their travel opportunities.
Let's assume you're planning a trip to Europe and want to include a visit to the United Kingdom. Should you plan to visit London at the start, in the middle or at the end of your trip? Does it even matter?
JW Marriott, part of Marriott Bonvoy’s portfolio of over 30 extraordinary hotel brands, today announces the opening of the first Marriott International luxury hotel in St. Maarten: JW Marriott St. Maarten Beach Resort & Spa. Nestled in a tropical haven exuding multicultural charm, JW Marriott St. Maarten Beach Resort & Spa embodies the brand’s mindful ethos, offering travelers an enriching Caribbean retreat that nourishes the mind, body, and spirit. “JW Marriott St. Maarten Beach Resort & Spa marks our debut in this striking corner of the Caribbean, not only punctuating our incredible growth in the region, but also strengthening our global presence,” said Bruce Rohr, Vice President and Global Brand Leader, JW Marriott. “JW Marriott is committed to anchoring in premier destinations worldwide and this property seamlessly blends JW Marriott’s guiding wellness principles and luxury amenities, with locale-forward complements and tropical warmth closely in tow. We are poised to reimagine the hospitality landscape in St. Maarten and are eager to welcome guests to our newest jewel.”
The total solar eclipse that will sweep across North America on Monday, April 8, is set to draw crowds from across the continent and beyond. The prize—darkness in the day and a view of the sun’s corona with your naked eyes—is everything, but it’s only open to those inside the 115-mile wide path of totality. You have to be in it to win it.