EnvironmentalRegulations

Swiss Regulators Unveil Climate Risk Guidelines for Financial Institutions Amid Industry Resistance

6 days ago

The Swiss Financial Market Supervisory Authority (FINMA) has officially introduced a set of climate risk-related regulations aimed at enhancing accountability and transparency among financial institutions. This move comes after considerable pushback from the banking sector, which has expressed concerns regarding the potential burden these rules could impose. The new regulations are designed to ensure that banks adequately assess and disclose the financial impacts associated with climate change, thereby reinforcing the country's commitment to sustainable finance.

Chris Wright's Nomination: A Turning Point for Oil and Climate Policy under Trump?

19 days ago

Former President Donald Trump’s recent nomination of Chris Wright to lead the U.S. Energy Department has stirred significant discussion regarding the future of energy policy in the United States. Known for his strong views on fossil fuels and climate change skepticism, Wright's appointment is particularly pivotal given the current global emphasis on clean energy and sustainable practices.

India's Coal Plants Fall Short on Pollution Goals as Delhi Suffers from Severe Smog

1 month ago

In a concerning development for India's environmental policies, recent reports indicate that the country's coal-fired power plants are set to miss crucial pollution reduction targets. This failure comes at a particularly alarming time, as the capital city, Delhi, grapples with a thick blanket of smog that has choked the air quality to hazardous levels.

Hilcorp Hit with $9.4 Million Fine for Excessive Methane Emissions in New Mexico

2 months ago

In a significant enforcement action, Hilcorp Energy Company has been fined $9.4 million due to violations relating to methane emissions from its oil and gas operations in New Mexico. This hefty penalty underscores the increasing scrutiny that fossil fuel companies are facing regarding their environmental practices and the growing urgency to tackle climate change.

Nissan Faces Uphill Battle Without Hybrids in the US and Intense Competition in China

3 months ago

It faces growing problems in key car markets, including the lack of hybrid models in the United States and increasingly tough competition by local manufacturers in China. Such problems set relatively high barriers for the Japanese carmaker to keep a foothold in the two largest car markets of the world.