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The ruling, and another crucial court decision this week, will force the company to face charges it lied about global heating

The Massachusetts high court on Tuesday ruled that the US’s largest oil company, ExxonMobil, must face a trial over accusations that it lied about the climate crisis and covered up the fossil fuel industry’s role in worsening environmental devastation.

Exxon claimed the case brought by the Massachusetts attorney general, Maura Healey, was politically motived and amounted to an attempt to prevent the company from exercising its free speech rights. But the state’s supreme judicial court unanimously dismissed the claim in the latest blow to the oil industry’s attempts to head off a wave of lawsuits across the country over its part in causing global heating.

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Experts say 35% rise in acreage covered by migratory insects my reflect adaptation to changing climate

Mexican experts have said that 35% more monarch
butterflies arrived this year to spend the winter in mountaintop forests, compared with the previous season.

Experts say the rise may reflect the butterflies’ ability to adapt to more extreme bouts of heat or drought by varying the date when they leave Mexico.

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Germany’s European Energy Exchange (EEX) Group on Tuesday announced the launch schedule of a voluntary carbon market (VCM) product suite, with vintage-differentiated nature-based units and removals-focused credits among the four standardised contracts offered across multiple time zones.

Colombian blue carbon credits from mangrove projects will triple in price in the next two years, a minister told a conference on Tuesday.

Scientists hope Albanese government addresses extinction crisis as new research shows 63 vertebrates face annihilation by 2041

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More than 40 Australian animals at the highest risk of extinction in the next two decades could be saved – and it would take only a small amount of extra conservation effort to achieve this, according to new research.

A team of Australian scientists has identified the 63 vertebrates they believe are most likely to go extinct by 2041, and found at least 47 can be brought back from the brink.

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We can replace coal power with renewables and storage, electrify everything, create a renewable export industry and grow clean energy supply chains

“Together we can end the climate wars, we can be a renewable energy superpower,” said Australia’s 31st prime minister, Anthony Albanese, in his victory speech on election night. Words are powerful, and by uttering them, our nation’s new leader signalled a new way for our policy and politics aimed at uniting and strengthening our communities and economy.

But what sits behind the words of politicians is often more important, so let’s get into what it means for Australia to become a renewable superpower and how that will cast the climate wars into the history books where they belong.

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A second consecutive winter heavily influenced by La Niña weather patterns threatens violent storms.

The EU carbon market is overreacting to a proposal to sell up to €20 billion in allowances over four years to fund the bloc’s move away from Russian energy, one of the fathers of the ETS told Carbon Pulse Tuesday, adding that he's far more worried about efforts to limit speculators.

A data aggregating company for voluntary carbon market (VCM) offsets has struck a deal to use credit ratings to support its assessment of prices.

A global blockchain-enabled system to transfer carbon units and track meta data of credits between various registries is due to launch in November after three years of testing.

Despite direct carbon price instruments covering almost one quarter of global greenhouse gas (GHG) emissions bringing in $84 billion in 2021, less than 4% are within a system with a sufficient price to meet Paris Agreement-aligned 2030 climate goals, a report from the World Bank said Tuesday.

Government limit on contracts for new renewable energy generation is ‘outdated thinking’, says Greenpeace UK

Consumers will face higher energy bills than necessary next winter because of a decision by the government to limit new renewable energy generation, described as a “missed opportunity” by the renewables industry, and “outdated thinking” by a green campaign group.

Ministers have decided to authorise contracts for about 12GW of new renewable energy generation, to start construction this year, with much of it likely to come on stream before next autumn. However, the renewable energy industry estimates that about 17.4GW of projects have cleared planning permission and are “shovel-ready”.

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A US agtech startup that focuses on connecting farmers to carbon revenues has raised $38 million in its second round of funding.

UN Chief Antonio Guterres tells university graduates not to work in industries that are "killing the planet", including fossil fuels.

The post “Don’t work for climate wreckers:” UN chief warns young people off fossil fuels appeared first on RenewEconomy.

António Guterres says young people should tackle climate crisis by using talent to deliver a renewable future

The UN secretary general has told new university graduates not to take up careers with the “climate wreckers” – companies that drive the extraction of fossil fuels.

António Guterres addressed thousands of graduates at Seton Hall University in New Jersey, US, on Tuesday. “You must be the generation that succeeds in addressing the planetary emergency of climate change,” he said. “Despite mountains of evidence of looming climate catastrophe, we still see mountains of funding for coal and fossil fuels that are killing our planet.

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European carbon made a robust recovery in Tuesday morning trading as short covering in a thinly traded market drove prices back above €80, while an EU official said that proposed sales of EUAs from the market stability reserve would be evenly spread over four years.

Australian carbon project developers are giddy at the prospects of a transformed carbon market after Labor’s election win, however opinions are mixed over what they would like to see in the “short, sharp” review of the Emissions Reduction Fund and its governing regulator.

Shell was forced to halt its AGM in London after it was disrupted by environment protesters chanting: 'We will stop you' and shouting: 'Shame on you' at executives.

Investors were due to vote on Shell’s climate proposals. The company has come under increased scrutiny after a senior safety consultant quit, citing Shell's 'disregard for climate change risks' and accusing the company of causing 'extreme harms' to the environment

• Shell pauses London AGM as protesters chant ‘We will stop you’
  

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A US-based technology startup has raised $32 mln in venture capital funding amid plans to launch multiple bundles of tokens that track key market segments.

The European carbon market requires assurances that the proposed sale of EUAs from the Market Stability Reserve (MSR) was an exceptional circumstance and will not be repeated in order to avoid undermining the function of the entire EU ETS, stakeholders told a conference Tuesday.