There has been a longstanding urban legend about Wall Street being a good ole boys’ club, sexist and exclusive with a cornucopia of decadent rewards for those on the inside, rewards that a recent blockbuster film has done much to sensationalize. A Bloomberg article last week revealed that much of this is indeed, factual, and is directly linked to college fraternity culture.
Category: Policy & Government
An approval of the EU Parliament to temporarily reduce supply in the EU carbon market marks a turning point for the scheme. Lawmakers in the EU have taken the first step towards systemic change of the carbon market. Following similar moves in other carbon markets, this measure reflects an intention of policy makers to guide carbon prices towards desired levels.
Did you forget to buy the politically charged present your kids really wanted this year? Luckily, it’s not too late to pick up a copy of “Ted Cruz to the Future,” a 24-page coloring and activity book detailing the “life, principles, values and mission” of the Texas senator.
SPECIAL SERIES: The Rise Of The Sharing Economy
In the United States, the average commuter loses 34 hours a year to congestion delays, according to Deloitte.
Last week, the European Union joined the US and China in pushing for a limited ban on the use of appliances that rely upon hydroflurocarbons (HFC), or “super greenhouse gases.” It’s a controversial move, and one that might just encourage other countries to take stronger steps toward HFC phase-down.
Los Angeles, the second most populous city in the U.S., has made history by becoming the first major city to require all new and refurbished homes have a “cool roof.”
Delta Air Lines recently joined other oil industry trade groups to fight the U.S. biofuel mandate that requires refiners to meet an annual biofuel quota, either through production or through the purchase of credits.
The airline filed a lawsuit through its year-old refiner, Monroe Energy, in the U.S. Court of Appeals for the District of Columbia Circuit that challenges the EPA’s 2013 renewable fuel requirements, according to FuelFix.
Under the EPA policy, refiners generate renewable identification numbers (basically, compliance credits) for every gallon of biofuel they incorporate. Monroe’s status as a “merchant refiner” that sells unblended products to wholesale marketers means it must always purchase credits. The refiner, in its Oct. 4 federal court petition, claimed this forces it to spend millions of dollars to acquire compliance credits at what it says are “artificially inflated” prices.
In 2011, ten professors of law sent a petition to the SEC, urging it to require corporations to disclose all significant political spending so shareholders can hold their companies accountable. As of last month, the petition already had garnered more than 640,000 comments – 99.7 percent of which were in support of greater transparency.
Using the system-wide approach to understanding climate change and concrete impacts on the local community, West Michigan Environmental Action Council (WMEAC) in partnership with the City of Grand Rapids, developed the first of its kind, Climate Resiliency Report.
The COP 19 climate conference in Warsaw, Poland might not have been very effective, but it sure was interesting. For many, it was defined by the presence of Poland’s fossil fuel industry. Here is a look at how Poland is doubling down on coal use and possible shale gas development, plus the country’s carbon emissions and what a few regular Polish citizens think of all this.
The Canadian province of Ontario is pushing legislation that would outlaw the use of coal for power generation. As part of that plan, last week it announced the end of two of its coal-burning plants – with more closures to come.