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California Gov. Gavin Newsom says he plans to sign into law a pair of climate-focused bills intended to force major corporations to be more transparent about greenhouse gas emissions and the financial risks stemming from global warming NEW YORK -- California Gov. Gavin Newsom said Sunday that he plans to sign into law a pair of climate-focused bills intended to force major corporations to be more transparent about greenhouse gas emissions and the financial risks stemming from global warming. Newsom's announcement came during an out-of-state trip to New York’s Climate Week, where world leaders in business, politics and the arts are gathered to seek solutions for climate change. California lawmakers last week passed legislation requiring large businesses from oil and gas companies to retail giants to disclose their direct greenhouse gas emissions as well as those that come from activities like employee business travel. Such disclosures are a “simple but intensely powerful driver of d...

Music superstars Lenny Kravitz, Billie Eilish and H Music superstars Lenny Kravitz, Billie Eilish and H.E.R. will team with advocacy nonprofit Global Citizen for a free concert in front of the Eiffel Tower designed to convince world leaders to take further action against climate change. “Power Our Planet: Live in Paris” is set for June 22 to coincide with the Summit for a New Global Financial Pact, a gathering of the world’s political and Business leaders to help developing nations finance sustainability projects. Global Citizen CEO Hugh Evans says the summit is an opportunity for governments and global banks to collaborate to jump start climate projects stalled by the COVID-19 pandemic. He hopes “Power Our Planet” will encourage leaders to take advantage of that opportunity and provide the $16.7 billion in outstanding climate financing promised in 2009 to lower-income countries. He is also seeking to advance reforms at the World Bank to make up to $1 trillion in additional financ...

The World Economic Forum is back with its first winter meetup since 2020 in the Swiss Alpine town of Davos DAVOS, Switzerland -- The World Economic Forum is back with its first winter meetup since 2020 in the Swiss Alpine town of Davos, where leaders are seeking to bridge political divisions in a polarized world, buttress a hobbling economy and address concerns about a climate change — among many other things. Sessions will take up issues as diverse as the future of fertilizers, the role of Sports in society, the state of the COVID-19 pandemic and much more. Nearly 600 CEOs and more than 50 heads of state or government are expected, but it's never clear how much concrete action emerges from the elite event. Here’s what to watch as the four-day talkfest and related deal-making get underway in earnest Tuesday: WHO’S COMING? Back in the snows for the first time since the pandemic and just eight months after a springtime 2022 session, the event will host notables like European Union C...

The Federal Reserve has only a limited role to play in combating climate change, Chair Jerome Powell said Tuesday, a stance that puts him at odds with environmental activists who have pushed central banks worldwide to take steps to restrict lending to ... WASHINGTON -- The Federal Reserve has only a limited role to play in combating climate change , Chair Jerome Powell said Tuesday, a stance that puts him at odds with environmental activists who have pushed central banks worldwide to take steps to restrict lending to energy companies. Maintaining the Fed’s independence, Powell said, includes steering clear of issues that are more properly overseen by elected officials. “Without explicit congressional legislation, it would be inappropriate for us to use our monetary policy or supervisory tools to promote a greener economy or to achieve other climate -based goals,” Powell said during a panel discussion in Stockholm on the subject of central bank independence. “We are not, and will not b...