The move comes as a result of domestic political pressure from Norway’s left-wing party, and marks a major change in tone for the country.
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Countries at the United Nations COP29 climate summit struck a deal on the basic rules to launch an international carbon trading market.
Hydrogen faces a number of hurdles before it can be considered a suitable alternative to jet fuel – namely, cost.
But stymieing aviation emissions may take more than just workarounds for contrails.
The US homeowners insurance segment took a $15.2 billion net underwriting loss last year, the worst loss this century.
Microsoft is is buying 500,000 carbon credits from Occidental Petroleum over the next six years to help reach its carbon-negative goal.
There were plenty of business losers in 2024, but only one for whom the sky was literally falling. In short: Boeing had a bad year.
Luxury brands were riding the subway instead of lounging in limos this year, though a couple of brands were able to buck the trend.
As the dealmaking environment improved in 2024 thanks to the bull market and interest-rate cuts, investment bankers reaped a windfall.