Burry of ‘Big Short’ fame reveals $530 mln bet against Tesla
The family office run by “Big Short” investor Michael Burry has disclosed a short position against Tesla Inc (TSLA.O) worth more than half a billion. Scion Asset Management said in a regulatory filing on Monday that it had bearish put options on 800,100 shares in Tesla as of the end of the first quarter that were worth […]
Carbon emissions drop across Europe in 2020 – Eurostat
Carbon emissions from use of fossil fuels fell across the European Union last year, the bloc’s statistics office estimated on Friday, citing COVID-19 restrictions that shut down travel and factories across the region. CO2 emissions from the combustion of fossil fuels – such as oil, coal and natural gas – dropped 10% in 2020 compared […]
Column: German Greens shifting market calculus
Five months is a long time in German politics but a mould-breaking surge in support for the Green party ahead of September’s Federal election has markets crunching numbers to assess its likely role in the next ruling coalition. Record high German stock prices, soaring EU carbon permit prices and less negative German debt yields all […]
South Africa to clamp down on captive lion breeding, minister says
South Africa will clamp down on captive lion breeding after a review panel concluded the industry risked the conservation of wild lions and harmed tourism, the environment minister said on Sunday. In the nearly 600-page report, the panel appointed by the ministry in 2019 recommended that South Africa end the breeding and keeping of captive […]
NGOs call on ADB to end fossil fuel loans amid climate reboot
A group of non-governmental organisations called on the Asian Development Bank (ADB) on Monday to end loans to the fossil-fuels sector, as the international lender holds its annual meeting this week with a focus on a green economic recovery. The ADB, which finances initiatives aimed at boosting economic prospects for Asia’s poorest, is also reviewing […]
Brazil’s Bolsonaro says govt reduced environmental fines for ‘peace and tranquility’
Brazilian President Jair Bolsonaro said on Saturday that his government had opted to reduce the number of environmental fines handed out to ranchers in order to bring “peace and tranquility” to the countryside. Environmental specialists have attributed a reduction in environmental fines in Brazil in recent years to the diminished capacity of federal environmental regulator […]
California program overestimates climate benefits of forest offsets -study
California’s forest carbon offset program has generated tens of millions of credits that have questionable value in fighting climate change, a nonprofit group of scientists said this week. CarbonPlan, a group that researches the integrity of programs designed to offset carbon emissions, said that 29% of the forest carbon offsets it analyzed in California’s cap […]
WIDER IMAGE For South Korea’s youngest ‘sea women’, warming seas mean smaller catches
Clad in a black wet suit and pink face mask, Jin So-hee’s figure cleanly parts the green-blue water until she abruptly dives below the surface, her purple fins disappearing into the deep. When she resurfaces a minute and a half later, her gloved hands grip six or seven sea cucumbers, their spiked backs glistening in […]
Big business seeks unified, market-based approaches ahead of climate summit
(Reuters) – Corporate executives and investors say they want world leaders at next week’s climate summit to embrace a unified and market-based approach to slashing their carbon emissions.
Brazil must show Amazon protection is working, top donor Norway says
OSLO (Reuters) – Brazil must demonstrate it can reduce the ongoing deforestation in the Amazon before Norway will resume payments in support of preserving the world’s largest rainforest, the Norwegian environment minister told Reuters.
