New York Times

Archive for the ‘Business’ Category

  • Exxon finally comes clean

    Published: 4:24 pm

    BY PETRO CHEMICA
    DALLAS – After years of waging a disinformation campaign denying climate change, ExxonMobil, the American oil and gas giant, has announced that it is converting fully to renewable energy, following the positive outcome of the U.N. climate summit in Copenhagen.

    The corporation has also agreed to pay off the fines originally awarded by a [...]

  • Top CEOs take to the streets

    Published: 1:29 pm

    Credit card companies do not agree with U.N. ban on CO2 offsets
    BY MORTON LOANER
    WASHINGTON, DC – A gaggle of CEOs from some of the biggest credit card companies assembled peaceably to protest the new worldwide ban on cheap carbon “offsets” as a method for mitigating global warming-causing pollutants.
    “What’s with this sudden rash of responsibility? I [...]

  • Renewables stock bullish

    Published: 1:29 pm

    ‘Ethical’ windfalls while traditional performers plummet
    BY RICHARD VENTO
    NEW YORK – Stocks in clean energy were on the up last night while uranium mining and nuclear reactor construction were at historic lows as investors scrambled to dump shares in the doomed industries. The moves followed the announcement at the Copenhagen Climate Summit that endorsed green power [...]

  • "Green Nukes" advocates lock down to try to save reactor

    Published: 1:29 pm

    Energy
    belgium
    “Green Nukes” advocates lock down to try to save reactor
    A group of high level executives and advocates for the nuclear industry have locked themselves to a nuclear reactor in Belgium to prevent its decommissioning today. They say will remain there until their demands are met.
    While the agreement made by the United Nations at the Copenhagen [...]

  • Gas burial funds put to better use

    Published: 1:29 pm

    Underground storage
    BY PERSEPHONE HAYDES
    GENEVA – Companies pushing now-discredited “carbon capture and sequestration” technology (CCS) as the ‘solution’ to climate change are scrambling to save themselves from bankruptcy. CCS was initially lauded by politicians as a cutting-edge method that would make coal plants environmentally friendly. It is now clear that CCS simply does not work.
    According to [...]

  • Shoe giant switches product line

    Published: 1:29 pm

    Manufacturing

    Shoe giant switches product line
    United States – Global brand Nike today announced a radical shift in their manufacturing processes to avoid any possible climate impacts from their practices.
    Facing probing over their supply chain, which could include cattle raised on illegally logged Amazon rainforest, the company made an abrupt about-face.
    “If there is even the slightest chance [...]