Spain’s Deoleo says olive oil sector faces one of its toughest moments

Extreme hot weather and persistent drought conditions have dealt a severe blow to olive oil production in southern Europe, resulting in a significant surge in prices.  Anadolu | Anadolu | Getty Images Spain’s Deoleo, the world’s largest olive oil producer, says the industry needs to undergo a “profound transformation” as it grapples with one of … Read more

World’s happiest countries are looking beyond net zero

People sit on an unusually high bench at the sunset in Copenhagen, on May 9, 2023. The height of a dozen public benches across Denmark was increased by 85 cm to draw attention to climate change. According to the World Climate Research Programme, the high-end global mean sea-level rise is now projected to be up … Read more

Energy storage is key to global renewable goals

Paris, France —  G7 environment ministers committed on Tuesday to ramp up the production and deployment of battery storage technology, an essential component for increasing renewable energy and combating climate change. Here is how and why batteries play a vital role in the energy transition: Growing demand Batteries have been central to the rise of … Read more

Colorado oil and gas, climate deal includes fees, abandoned bills

Leading Colorado Democrats and the state’s oil and gas industry announced a preemptive armistice Monday — one that seeks to defuse the latest round of dueling ballot initiatives and legislation aimed at the industry and its environmental impacts. The proposals, described to reporters by Gov. Jared Polis and legislative leadership, include imposing a new per-barrel … Read more

Trans Mountain pipeline ushers in new economic era for Fort McMurray

As the urban centre at the heart of Canada’s oilsands industry, Fort McMurray has seen more than its share of ups and downs. A decade and a half ago, the northern Alberta community was this country’s most famous boom town. High oil prices helped to drive unprecedented demand for the thick, viscous bitumen that lies … Read more

World’s largest wealth fund says it may benefit from ESG backlash

Nicolai Tangen, chief executive officer of Norges Bank Investment Management, during a news conference in Oslo, Norway, on Tuesday, Jan. 30, 2024. Norway’s $1.6 trillion wealth fund added to its bets in the biggest technology companies last year after interest in artificial intelligence drove a surge in the sector. Bloomberg | Bloomberg | Getty Images … Read more

In Disney-fication of Venice, world hits its overtourism tipping point

Demonstrators try to break through the blockade created by police officers to enter the city at Piazzale Roma, opposing the charge for tourists to enter the city on April 25, 2024 in Venice, Italy. Today Venice authorities launched a pilot program charging visitors a 5-euro entry fee in the hope that it will discourage at … Read more

Dubai deluge likely made worse by warming world, scientists find

A powerful rainstorm that wreaked havoc on the desert nation of the United Arab Emirates last week was likely made more intense because of climate change, a team of international scientists has found. The World Weather Attribution (WWA) group, composed of researchers from around the globe, said rain storms like the one that struck last … Read more

Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock

In an aerial view, brand new Tesla cars sit parked in a lot at the Tesla Fremont Factory on April 24, 2024 in Fremont, California. Justin Sullivan | Getty Images Former Tesla executive Drew Baglino, who announced his resignation earlier this month, sold shares in the electric vehicle company worth around $181.5 million, according to … Read more

Photos show Sahara dust turn Athens orange

Athens and the south of Greece appeared to be coloured in orange and red after dust from the Sahara engulfed the area on Tuesday evening. Strong winds had carried the dust across hundreds of miles from Africa. The dust is expected to clear throughout Wednesday, when winds are set to ease, local media reported. The … Read more