Starbucks hopes to cut carbon emissions from its operations and huge supply chain by 50% by 2030 as part of new environmental pledges unveiled Tuesday.
Why it matters: Starbucks is the latest multinational giant to set new targets as global emissions rise and multilateral efforts fail to even lay the groundwork for steep cuts.
DAVOS, SWITZERLAND — President Trump diverged sharply from the tone of this week's World Economic Forum in at least two ways during his opening session speech on Tuesday — he was exuberant about the state of the U.S. economy and dismissive of the threat from climate change.
Between the lines: Trump didn't mention impeachment in a campaign-style address in which he claimed to have launched a U.S. "economic boom the likes of which the world has never seen before."
Swedish climate activist Greta Thunberg warned world leaders Tuesday at the World Economic Forum in Davos, Switzerland, that time is running out to address climate change by reducing carbon emissions.
Why it matters: She cited a 2018 report from the International Panel on Climate Change that estimates that carbon emissions would need to be cut significantly in the years ahead to limit global warming to 1.5°C (2.7°F) relative to preindustrial levels.
The world’s oil and gas companies will undergo annual reviews by the International Energy Agency to assess how they’re doing on climate change and clean energy issues.
Driving the news: The group released a report on Sunday showing that oil and gas producers, including those owned by governments, spend on average just 1% of their total capital expenditure outside oil and gas.
