Edition for 01 March 2020

Top Stories

'It’s our right to be here': the Torres Strait Islanders fighting to save their homes from a rising sea (Guardian)

  • The Intergovernmental Panel on Climate Change (IPCC) estimates that by 2100 tides will rise 30–60cm with immediate cuts to carbon emissions, and 61-110cm without.
  • “Being removed, forcibly removed, from here, just because of rising sea levels and the effect of climate change, and becoming climate change refugees, it’s just something that really haunts my mind,” Tamu says.
  • “That experience was taken away because of climate change, because of the rising sea levels.

Underground seabed primed for massive carbon dioxide injection (The Sydney Morning Herald)

  • A vast swathe of underground rock beneath the sea is being primed to store millions of tonnes of carbon dioxide with the latest tests showing the site could help deliver a massive cut in greenhouse emissions.
  • The government has described the “positive initial results” as a milestone in the project that would store 125 million tonnes of carbon dioxide under the ocean.
  • The project’s backers believe the site can hold the equivalent amount of carbon dioxide that is emitted by 25 million cars over a one-year period.

Alter Eco to debut Grass Fed Milk Chocolate Collection (ConfectioneryNews)

  • “As climate change continues to impact the planet and the food we eat, it’s important for us to help reverse the effects in any way we can​,” said Forbes.
  • Alter Eco practices a full-circle approach to sustainability throughout its operations and supply chain through four pillars: sourcing using Fair Trade principles, producing only organic and non-GMO foods, creating minimal waste by working towards 100% compostable packaging, and in-setting carbon emissions by means of large-scale reforestation/conservation programs in the cooperatives that produce its crops.

Billionaire, liberal activist Tom Steyer ends presidential bid (ABC News)

  • Running a campaign centered on rooting out corporate influence over American politics, and combatting the challenge of climate change, Steyer spent over $150 million of his own money on television advertisements to boost his name recognition and get himself in front of voters in the four early voting states of Iowa, New Hampshire, Nevada and South Carolina.
  • After spending several years in the late 1970s and early 1980s at Morgan Stanley and Goldman Sachs in New York, Steyer and financier Warren Hellman founded a San Francisco hedge fund, later named Farallon Capital, which grew from managing $15 million at the start to $20 billion today, and where he built his fortune by making high-risk investments in distressed assets.
  • Steyer has been criticized for making carbon-polluting investments during his time at Farallon -- and then for not divesting of them fast enough In an interview on ABC's "This Week," Chief White House Correspondent Jonathan Karl pressed Steyer on his past investments in fossil fuels despite championing himself as an advocate for combating climate change.

Emissions targets not 'ambitious enough': Nationals' Steph Ryan (The Sydney Morning Herald)

  • The Victorian Nationals have split from their federal colleagues over the flashpoint issue of climate change, with the state branch’s deputy leader saying Australia’s emissions reduction targets are not “ambitious enough”.
  • “I think the [climate change] debate has moved beyond whether we’re meeting our existing targets,” the Euroa MP said.
  • “I think the majority of people do want to see greater action, and in rural communities we live at the knife edge of the consequences of climate change.

The Climate Sentinel is an AI-powered news assistant for ESG investors and those concerned about climate change, corporate social responsibility, and related topics. Learn more.

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