Economy & Business

Revealed: Oil Sector’s ‘Staggering’ $3Bn-A-Day Profits For Last 50 Years

 

"The oil and gas industry has delivered $2.8bn (£2.3bn) a day in pure profit for the last 50 years, a new analysis has revealed." "Vast sums provide power to ‘buy every politician’ and delay action on climate crisis, says expert".

 

Source: Guardian, 07/25/2022

WTO Deal on Fishing Subsidies May Reduce Ocean Overfishing

A new World Trade Organization agreement to limit global overfishing may yield important stories for environmental journalists, as billions of people around the world rely on already heavily exploited fish stocks as their main source of protein. This Backgrounder offers details on the pact and how it tries to address the problem, while providing resources for your reporting.

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Can Qatar’s World Cup Really Be Carbon Neutral?

Qatar — the world’s highest carbon emitter on a per capita basis — made big promises in its winning bid for the 2022 FIFA World Cup. But will they deliver? Doha-based journalism professor Craig LaMay writes that while sports megaevent hosts face increasing pressure to address environmental concerns, critical coverage of their follow-through is challenging, especially in countries with no free press or public right to government information.

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Biggest U.S. Cryptominers Use as Much Power as Houston, Findings Show

"Seven of the largest Bitcoin mining companies in the United States are set up to use nearly as much electricity as the homes in Houston, according to data disclosed Friday as part of an investigation by congressional Democrats who say miners should be required to report their energy use."

Source: NYTimes, 07/15/2022

"Science Offers Basis For National Climate Damage Claims - Study"

"A scientific basis exists to calculate how much one country's carbon emissions have damaged the economy of another, a study said on Tuesday of a development it billed as a potential game-changer for climate litigation."

Source: Reuters, 07/13/2022

"Manchin, Playing to the Home Crowd, Is Fighting Electric Cars to the End"

"The West Virginia senator, who holds the swing vote in negotiations for a budget plan, wants to cut incentives. The president and most Senate Democrats say buyer credits are crucial to fight climate change."

Source: NYTimes, 07/13/2022

BP Paid Rural Mexicans a “Pittance” for Carbon Credits

"In the coldest months of the year, thick fog blankets the mountain village of Coatitila in eastern Mexico, hiding the bulging, pine-covered hills that cradle it. At midday, the sun pulls back the fog to expose patches of blight where trees have been axed for logging or farm work."

Source: Bloomberg, 07/08/2022

"Environmental Justice Advocates Slam Supreme Court Ruling"

"The Supreme Court decision to limit how the Environmental Protection Agency regulates carbon dioxide emissions from power plants could make an already grave situation worse for those affected most by climate change and air pollution, advocates say."

Source: AP, 07/05/2022

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