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- Monday 3rd March 2025
Monday 3rd March 2025
US Senate scraps methane fines, China misses their own climate target, and Wells Fargo drops net-zero financed emissions goals—while Goldman nears its $750B climate target, HSBC defends fossil fuels, and Labour’s green cuts spark criticism amid UK net-zero tensions. The turbines are going black and is Ed Miliband in for the chop?
Susan Gonzales
March 03, 2025
In partnership with
24 Hours In Sustainability
Worldwide Highlights
US Senate reverses Biden-era EPA rule that required oil and gas companies to pay a fine for emitting methane
China missed its 2024 climate target as emissions rose slightly despite record renewable energy additions. Carbon intensity fell 3.4%, missing the 3.9% goal
Spotlight on the banks:
Goldman Sachs said it’s more than 80% of the way to meeting its 2030 goal of putting $750bn toward supporting the transition to a low-carbon economy
But what exactly are those investments in? JP Morgan’s ‘sustainable’ funds invested £200m in mining giant Glencore
Wells Fargo drops net zero financed emissions targets slammed by US Energy Secretary
And it’s not just the US banks - HSBC says it's time to end 'negative bias' towards fossil fuels
But there are green shoots - Standard Chartered lays out detailed net zero transition plan
‘Full on Fight Club’: How Trump is crushing US climate policy [cached copy]
Global net zero transition forecast remains optimistic post-Trump
UK Highlights
The Guardian view on Labour eyeing green cuts: they would undermine growth and climate goals
UK wind turbines painted black to stop deadly bird strikes ‘in concession to Donald Trump’
Keir Starmer confirms that Britons will not have to give up KEBABS to hit net zero emissions target
Lloyds scraps limits on bankers’ flights in net zero climbdown - lender will no longer include international air travel in its green pledge calculations
Ed Miliband could face axe in the Spring Reshuffle as Keir Starmer pushes Net Zero drive to the side
Oxbridge lead campaign to embed climate change into school subjects
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Susan