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Environment

Bulk of UK corporate carbon emissions not covered by reduction target – report

LONDON (Reuters) - Two-thirds of UK corporate emissions are not covered by decarbonisation targets while a fifth or more of companies with 2030 targets are not on course to meet them, a report from

Texas power use hits record again amid heat wave

(Reuters) -Demand for power in Texas hit a record high on Wednesday for the second time this week and ninth time this summer as homes and businesses powered their air conditioners to escape a

Texas power use hits another record during heat wave

(Reuters) -Demand for power in Texas hit a record high on Wednesday for the second time this week and ninth time this summer as homes and businesses powered their air conditioners to escape a

Wind-fanned fires raze parts of Hawaii, forcing evacuations

By Marco Garcia, Rich McKay and Julia Harte MAUI (Reuters) -Fires fanned by the winds of a distant hurricane devastated Maui and other parts of Hawaii on Wednesday, forcing some residents to flee for

Canadian oil sands carbon emissions stalled in 2022 even as output grew

By Nia Williams (Reuters) -Greenhouse gas emissions from Canadian oil sands production were flat in 2022 even as output grew, an analysis by S&P Global showed on Wednesday, suggesting absolute

Cat bond funds ranked among 2023’s top-performing credit funds

By Nell Mackenzie LONDON (Reuters) - Catastrophe bond funds rank among the 10 best performing credit funds this year, as the hurricanes, earthquakes and other disasters that could trigger payouts have

Canadian oil sands greenhouse gas emissions flat in 2022 even as output grew -report

(Reuters) - Absolute greenhouse gas emissions (GHG) from Canadian oil sands production were flat in 2022 even as total output grew, according to an analysis by S&P Global Commodity Insights. Absolute

Factbox-Europe sees another year of droughts and wildfires

(Reuters) - Europe is battling the effects of scorching temperatures reaching worrying levels globally, with July being the hottest month recorded on both land and sea. Last year, heatwaves resulted

Swiss Re says natural catastrophe insured losses hit $50 billion in H1

By Simon Jessop, Alessandro Parodi and Laura Lenkiewicz LONDON (Reuters) -Insured losses stemming from natural catastrophes rose to $50 billion in the first half of 2023, the second highest reading

House of Lords launches inquiry into UK’s electric car transition

By Nick Carey LONDON (Reuters) - Britain's upper house of parliament said on Wednesday it was launching an inquiry into electric vehicles (EVs) that will examine the government's approach to phasing

On Camera

Hormuz crisis won’t replace the dollar with yuan. De-dollarisation is a myth

Recent data does not support any dramatic shift away from the dollar. As per IMF, the share of international transactions conducted in dollars has declined from 56.90% to 56.77%.

Haryana’s new industrial policy in the works, but industry says old problems remain unsolved

Increase in employment subsidy, Rs 500 crore for estate revamp, new townships in pipeline—but land cost, power breakdowns and inspector raj top among key worries for industry leaders.

Military pushes for private participation in space, more Indian satellites. ‘Can’t rely on single entity’ 

CDS Anil Chauhan says future space capability will not be built by government agencies alone. ‘It will be co-developed with industry, start-ups, and technology innovators’.

Trump, Netanyahu’s Iran gamble: The regime change rebound

American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.