| Chances are you haven’t heard of Climate Action 100+, a coalition of some of the world’s largest investors who manage a combined $32 trillion. You probably know their work, though. They’ve pressured fossil-fuel giants such as Shell, BP and Glencore to release near-term climate targets, detail how investments align with the Paris accord and cap coal output, respectively. CA100+ says companies should disclose exactly how climate change will affect them, so shareholders can decide whether they want to invest in those who aren’t preparing for the future. —Josh Petri “It’s a black eye for the Permian basin.”—Pioneer Natural Resources Chief Executive Officer Scott Sheffield. The oil patch is producing so much natural gas that producers are burning off more than enough of the fuel to meet residential demand across all of Texas—and in doing so, unnecessarily fueling global warming. Top stories Norway, in a dramatic shift, is walking away from billions of barrels of oil. The nation’s Labor Party withdrew its support for Arctic drilling over concerns about climate change.Recycling is evolving. At least 60 chemical companies are racing to develop technology that can break down trash to its original hydrocarbon ingredients. Investors be warned: If the planet heats up by more than two degrees, it’s going to get a lot harder to make money.Scientific consensus, growing public alarm and the progressive Green New Deal have forced Republicans to craft legislation to combat global warming.Forest fires in Sweden. Retreating glaciers in the Alps. Arid cropland in central and northern Europe. Dozens of new satellite images show how climate change is sweeping across the continent. |