Lloyd’s of London insurers dominate underwriting of fossil fuel projects, study shows

Insurers operating in the Lloyd’s of London market are the world’s biggest underwriters of fossil fuel projects, research has found. Fifty years after the insurance industry first warned about the impact of the climate crisis, it is continuing to contribute to the climate emergency, the Insure Our Future campaign, a global group of 24 NGOs, … Read more

BP projects have helped fund Azerbaijan military aggression, say campaigners

BP’s fossil fuel projects in Azerbaijan have helped fund the military aggression against Karabakh Armenians though the transfer to billions of dollars to the Azerbaijan government since 2020, a campaign group has claimed. Global Witness said Azerbaijan’s share of two large oil and gas projects operated by the British oil company had earned its government … Read more

Jill Beck wins seat on Pennsylvania Superior Court; AP projects

(WHTM) – Democrat Jill Beck has won a seat on the Pennsylvania Superior Court, according to the Associated Press. Voters could choose two of the four candidates on the ballot for Pennsylvania Superior Court. As of 1 a.m. the second winner had not yet been projected. A graduate of Duquesne University School of Law, Beck … Read more

Matt Wolf wins Pennsylvania Commonwealth Court race; AP projects

(WHTM) – Democrat Matt Wolf has won the race for Pennsylvania’s Commonwealth Court, according to the Associated Press. Wolf defeated Republican Megan Martin, the first woman to serve as Pennsylvania’s Senate Secretary-Parliamentarian. Dan McCaffery wins Pennsylvania Supreme Court election, AP projects A Supervising Judge in the Philadelphia Municipal Court, Wolf joins the Commonwealth Court with … Read more

What projects will be funded through the $16 billion from DOT?

(NewsNation) — The Department of Transportation announced Monday it’s providing $16.4 billion to 25 passenger rail projects along Amtrak’s Northeast Corridor, one of the highest-volume passenger rail corridors in the world. New investments into the rail line, which runs between Boston and Washington, D.C., will make the railroad safer, faster and more reliable, U.S. Transportation Secretary … Read more

GlobalFoundries projects profit above estimates in positive sign for chip market

Contract chipmaker GlobalFoundries forecast fourth-quarter profit above analysts’ estimates on Tuesday (Nov 7), providing the latest sign that a supply glut in the semiconductor industry was easing. The company’s shares rose 4.5 per cent in premarket trading after the July-September quarter earnings also beat expectations. The forecast feeds into recent signals that the slump in … Read more

Philippines says Japan, South Korea, India offer to fund railway projects

MANILA: Japan, South Korea and India have offered to finance three Philippine railway projects worth nearly US$5 billion, the country’s transport chief said on Monday (Nov 6), after Manila dropped China as a funding source last year. Transportation Secretary Jaime Bautista said the Philippine government could tap the three countries for possible official development assistance … Read more

Lendlease, Google end development deals for San Francisco Bay Area projects

:Lendlease Group and Alphabet’s Google reached a mutual agreement to end development services deals for four master-planned districts in the San Francisco Bay Area, the Australian developer said on Friday. “The decision to end these agreements followed a comprehensive review by Google of its real estate investments, and a determination by both organisations that the … Read more

Ørsted cancels two US offshore windfarm projects at £3.3bn cost

Denmark’s Ørsted has cancelled twobig offshore windfarm projects in the US at a cost of more than £3bn amid surging costs facing the global wind industry. Shares in the world’s biggest wind power company fell 20% on Wednesday after it told investors it had no choice but to take a 28.4bn Danish kroner (£3.3bn) impairment … Read more

PM Modi, Sheikh Hasina Jointly Inaugurate Key Rail Link, 2 Other Projects

Agartala : Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina on Wednesday jointly inaugurated three projects via virtual mode, including a key rail link between Tripura’s Nischintapur and Gangasagar in the neighbouring country.The other two projects inaugurated by Modi and Hasina are the 65-km Khulna-Mongla Port Rail Line, and Unit 2 of the … Read more

France is Europe’s biggest supporter of ‘carbon bomb’ projects, data shows

France is Europe’s biggest supporter of “carbon bomb” extraction projects that hold enough fossil fuels to pump out more than a gigaton of CO2 each, the Guardian can reveal. Since world leaders gathered in the French capital to sign the Paris agreement in 2015 – where they promised to try to stop the planet heating … Read more

Banks pumped more than $150bn in to companies running ‘carbon bomb’ projects in 2022

Banks pumped more than $150bn last year into companies whose giant “carbon bomb” projects could destroy the last chance of stopping the planet heating to dangerous levels, the Guardian can reveal. The carbon bombs – 425 extraction projects that can each pump more than one gigaton of carbon dioxide into the atmosphere – cumulatively hold … Read more