When a company pledges to cut its carbon emissions, how big a deal is it? That depends on what’s being counted. An oil company’s direct emissions – those from its trucks, drills and facilities – are only a sliver of the carbon released when the fuel it sells is burned. When Chevron Corp.’s shareholders bucked management and passed a proposal to reduce emissions broadly, the nub of the conflict was what “scope” to apply.
When a company pledges to cut its carbon emissions, how big a deal is it? That depends on what’s being counted. An oil company’s direct emissions – those from its trucks, drills and facilities – are only a sliver of the carbon released when the fuel it sells is burned. When Chevron Corp.’s shareholders bucked management and passed a proposal to reduce emissions broadly, the nub of the conflict was what “scope” to apply.
May 4, 2021
Since former Michigan Gov. Jennifer Granholm was appointed as U.S. Secretary of Energy, she has made many comments about creating clean energy jobs.
“So what we need to do is to make sure that all parts of the country and their leaders understand that this clean energy economy, that reducing carbon emissions, is a job creator for every corner of the nation,” Granholm said in an interview with National Public Radio. “So even in coal country, even in gas and oil country, there’s an opportunity for jobs. . There will be millions of jobs that will be created in clean energy.”
(Bloomberg) European equities rose on Monday, as investors weighed robust earnings reports and a brightening economic outlook against the risks of rising inflation, supply disruptions, and higher taxes. The U.K. market was closed for a public holiday. The Stoxx Europe 600 Index climbed 0.6%, moving closer to historic highs reached last month. Carmakers led advances, despite continuing warnings about production disruptions due to a shortage of chips. Ferrari NV gained 2.6% amid upbeat estimates for its earnings report due Tuesday. Renewables underperformed after Citigroup Inc. said in a note that Siemens Gamesa Renewable Energy SA’s 2021 guidance was disappointing. Vestas Wind Systems A/S was among the biggest drags on the Stoxx 600 Index, dropping 4.3%. The Stoxx 600 Index has climbed more than 10% this year, buoyed by expectations of rapid economic recovery, as vaccinations against the coronavirus progress while fiscal and monetary policy across the region remains loose. While muc