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Businesses Face Growing Pressure to Address Water Risks Amid Climate Challenges

As climate change intensifies, businesses worldwide are confronting increasing risks tied to water scarcity, floods, and poor water quality. Agriculture accounts for 70% of global freshwater use, but sectors like textiles, pharmaceuticals, and semiconductors are equally reliant on this vital resource. Historically viewed as an abundant commodity, water is now a pressing concern for businesses as…

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U.S. Biofuel Production Hits Multi-Month Highs Amid Stronger Margins

U.S. renewable diesel and biodiesel producers ramped up operations in October, achieving multi-month utilization highs driven by improved margins, according to advisory group AEGIS Hedging. Renewable diesel producers utilized 77% of total operable capacity in October, the highest since July 2024. Biodiesel plant utilization reached 89%, a peak not seen since June 2023. The rebound comes…

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UN Veteran Satya Tripathi Champions Grassroots Solutions for Global Sustainability

Former UN Environment assistant secretary-general, Satya Tripathi, is challenging conventional approaches to environmental finance with a bold grassroots initiative. Launching this month at the World Economic Forum in Davos, the Green Economy Accelerator for a Just Transition (GREAT) aims to empower smallholder farmers and promote sustainable practices at the village level in India. Rejecting top-down strategies,…

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Ruby Mountains Shielded from Oil and Gas Leasing Under Biden Proposal

The Biden administration announced Monday its decision to safeguard the Ruby Mountains in northeast Nevada from oil, gas, and geothermal development for the next 20 years. The Interior Department approved a U.S. Forest Service application to withdraw 264,442 acres of federal land in the Ruby Mountains from mineral and geothermal leasing. This move temporarily halts development…

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Major Companies Lag Behind in Renewable Energy Use, CDP Report Reveals as COP29’s Energy Day Begins

As COP29's Energy Day kicks off, a stark new report from non-profit CDP highlights a troubling shortfall in corporate renewable energy adoption. Nearly half of the global companies analyzed use no renewable electricity, underscoring the urgent need for accelerated action to combat climate change. The report analyzed nearly 10,000 companies, accounting for a quarter of global…

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SBTi Targets Critical Industries with New Decarbonization Standards

The Science Based Targets initiative (SBTi) has unveiled updated plans to decarbonize high-impact sectors, including oil and gas, chemicals, and power—industries responsible for the bulk of global emissions. The new criteria aim to align businesses with science-based 1.5°C pathways and accelerate the transition to net-zero. Oil and Gas: First-Ever Decarbonization Standard Accounting for 85% of global CO₂…

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EPA and DOE Announce $850 Million for Methane Emissions Reduction Projects, Including Initiatives in Colorado and Wyoming

The U.S. Environmental Protection Agency (EPA) and the Department of Energy (DOE) announced today a historic $850 million investment in 43 projects aimed at reducing methane emissions in the oil and gas sector. Seven projects in Colorado and Wyoming, part of EPA Region 8, are among those selected for funding as part of President Biden’s…

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European Commission’s First Net-Zero Building to Rise in Seville

The European Commission has unveiled plans for its first net-zero emissions building, set to house the Joint Research Centre (JRC) in Seville, Spain. This landmark project highlights sustainability and innovation, aligning with the principles of the New European Bauhaus initiative. A Sustainable Blueprint Designed to offset both construction and operational carbon footprints, the building will…

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Canada Launches Landmark Sustainability Reporting Standards

The Canadian Sustainability Standards Board (CSSB) has unveiled a pivotal new framework for sustainability reporting with the release of CSDS 1: General Requirements for Disclosure of Sustainability-related Financial Information and CSDS 2: Climate-related Disclosures. These inaugural Canadian Sustainability Disclosure Standards mark a transformative step in enhancing transparency and comparability in sustainability reporting across the nation. Key…

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