Business

U.S. Products Labeled Recyclable Really Aren’t, Greenpeace Report Says

U.S. Products Labeled Recyclable Really Aren’t, Greenpeace Report Says

Just because that plastic item you rinsed out and placed in your blue bin says it is recyclable doesn’t mean it actually is. A new Greenpeace report released Tuesday found many examples of companies putting misleading labels on products that could not actually be processed by most U.S. material recovery facilities (MRFs). “Retailers and consumer […]

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    Fossil Fuel Industry Is Now ‘in the Death Knell Phase’: CNBC’s Jim Cramer

    Fossil Fuel Industry Is Now ‘in the Death Knell Phase’: CNBC’s Jim Cramer

    By Andrea Germanos Climate campaigners drew attention to CNBC’s Jim Cramer’s comments Friday that he’s “done with fossil fuels” because they’re “in the death knell phase.” Cramer added that “the world’s turned on” the industry as they did with tobacco. “They’re done,” Cramer said of fossil fuels on the network’s “Squawk Box.” “We’re starting to […]

    The Guardian Bans Ads From the Fossil Fuel Industry

    The Guardian Bans Ads From the Fossil Fuel Industry

    The Guardian became the first major international newspaper to put an outright ban on accepting money from the fossil fuel industry, citing the industry’s “decades-long effort” to subvert, undermine and prevent action to stop the climate crisis, according to The Hill. The move was announced on Wednesday and went into effect immediately. It is the […]

    Coca-Cola Says It Won’t Break Free From Plastic Bottles

    Coca-Cola Says It Won’t Break Free From Plastic Bottles

    Despite its status as the world’s No. 1 corporate plastic polluter, Coca-Cola won’t be phasing out its single-use plastic bottles anytime soon. The reason? Customers like them too much, the company’s head of sustainability Bea Perez told BBC News at the World Economic Forum in Davos Tuesday. Perez said that customers value the bottles because […]

    Microsoft Promises to Be Carbon Negative by 2030

    Microsoft Promises to Be Carbon Negative by 2030

    Microsoft announced ambitious new plans to become carbon negative by 2030 and then go one step further and remove by 2050 all the carbon it has emitted since the company was founded in 1975, according to a company press release. The focus on taking the enormous step of clearing all the carbon it has contributed […]

    Nestlé to Invest $2 Billion for Recycled Plastic Packaging

    Nestlé to Invest $2 Billion for Recycled Plastic Packaging

    Nestlé, the world’s largest food company, said it will invest up to $2 billion to address the plastic waste crisis that it is largely responsible for. The Swiss-based food giant said in a statement yesterday that it will invest in technology to source more recycled plastic for packaging its products and it will reduce its […]

    James Murdoch Slams His Father’s Climate-Denying Media Empire

    James Murdoch Slams His Father’s Climate-Denying Media Empire

    James Murdoch and his wife Kathryn spoke out against the climate crisis denials pushed by his father’s media empire in an exclusive statement released to the Daily Beast. James is the younger son of the Australian media tycoon Rupert Murdoch who owns News Corp, and the younger brother of Lachlan Murdoch who runs Fox News. […]

    World’s Largest Fund Manager to ‘Reshape’ Investment Portfolio to Consider Climate Crisis, Sustainability

    World’s Largest Fund Manager to ‘Reshape’ Investment Portfolio to Consider Climate Crisis, Sustainability

    BlackRock, an investment fund that manages nearly $7 trillion, will “reshape” its strategy toward investments that support environmental sustainability, according to a letter to investors from its founder and Chief Executive Larry Fink, as The New York Times reported. In the letter, Fink wrote, “Climate change has become a defining factor in companies’ long-term prospects […]