"This year's minimum Arctic sea ice extent was 26% larger than 2012. @BBCNews said the Arctic would be ice-free by 2013."
Dec 31 (Reuters) - U.S. banks Citigroup (C.N), opens new tab and Bank of America (BAC.N), opens new tab said on Tuesday they are exiting the Net-Zero Banking Alliance (NZBA), a group of global banks that have pledged to curb greenhouse gas emissions.
They follow Wells Fargo (WFC.N), opens new tab and Goldman Sachs (GS.N), opens new tab, which both left the alliance earlier this month.
Financial firms, historically criticized for their connections to the fossil fuel industry, have made efforts to incorporate net-zero standards more prominently into their operations.
However, they have begun scaling back on some initiatives to avoid irking Republican policymakers who are opposed to limiting the financing of fossil fuels.
Citi said it had made progress toward its own net-zero goals and decided to leave the NZBA.
BofA, in an emailed statement to Reuters, said: "We will continue to work with clients on this issue and meet their needs."
The NZBA aims to bring down carbon emissions from the lending and investment portfolios of its members to zero on a net basis by 2050.
Last month, BlackRock (BLK.N), opens new tab, Vanguard and State Street (STT.N), opens new tab were sued by Texas and 10 other Republican-led states, which said the large asset managers violated antitrust law through climate activism that reduced coal production and boosted energy prices.
What's hilarious in any field is that any dissenters from the mainstream views, no matter how accredited or qualified they are, are viewed as outcasts who push psuedoscientific "misinformation". They say trust the science, but when someone with scientific background makes statements they don't like, it's not science apparently. Even more hilarious, if someone is homosexual or black or female, they're still vilfied - I thought diversity (including diversity of ideas) was their strength?
Interesting. I read her 5-minute speech and find her reasoning persuasive and clear. I especially agree with her ideas that we need to become more resilient to extreme weather conditions. Going to dig into more of her stuff.
Along the partially built road, lush rainforest towers on either side – a reminder of what was once there. Logs are piled high in the cleared land which stretches more than 13km (8 miles) through the rainforest into Belém.
Diggers and machines carve through the forest floor, paving over wetland to surface the road which will cut through a protected area.
The report explains that highway is one of scores of projects being undertaken to “prepare” and “modernise” the city, with the state government infrastructure secretary saying it will “serve people for COP30 in the best possible way”.
Really great read, thank you for sharing!Not entirely on topic but there's not an on-point environment thread that I see. Recycling is fake: https://performativebafflement.substack.com/p/recycling-is-fake