- “BP Gambles Big On Fast Transition From Oil To Renewables” • Oil major BP agreed to sell a third of its majority stake in a very profitable project earlier this year. The deal exemplifies a larger strategy to liquidate the company’s fossil-fuel assets to raise cash for investments in renewable-energy projects that BP concedes won’t make money for years. [Reuters]
- “Why Is There A CO₂ Shortage And How Will It Hit Food Supplies?” • When two large UK fertilizer factories stopped work because of soaring wholesale gas prices, they also stopped producing CO₂, a by-product. This means there has been a cut of 60% of the UK’s food-grade CO₂ supply. And CO₂ has many different uses for food. [BBC]
- “Poland Ordered To Pay A $580,000 Fine For Each Day It Continues Operating A Controversial Coal Mine” • Poland is to pay a €500,000 ($586,000) fine for each day it takes coal from an open-pit mine near the Czech and German borders, Europe’s top court ruled. The KWB Turów mine supplies power to around 2.3 million Polish households. [CNN]
- “More Than 200 Companies Joined A Pledge To Hit Net-Zero Carbon By 2040” • More than 200 companies, including Twitter, Salesforce, and Procter & Gamble, signed a climate pledge that aims to reduce their carbon emissions over the next two decades. The project is part of a collaboration between Amazon and the advocacy group Global Optimism. [CNN]
- “Vermont Yankee Decommissioning Ahead Of Schedule” • The Vermont Yankee nuclear plant closed seven years ago, and the decommissioning process is still going on. Northstar, which specializes in the work, took ownership of plant in January of 2019. It is now over a third of the way through the project, the Northstar CEO Scott State said. [WCAX]
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