Category Archives: Climate crisis

Antarctic science expedition put on ice due to problems with Australia’s research vessel Nuyina

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Ocean voyage to study declining sea ice levels cancelled after RSV Nuyina required repairs leaving climate scientists dismayed

A major scientific expedition to urgently assess record-low sea ice levels in Antarctica has been cancelled due to ongoing repairs on Australia’s icebreaking vessel, RSV Nuyina, with climate scientists expressing disappointment at “Band-Aid” solutions.

US scientists have this week reported that the floating ice around the continent – which protects melting glaciers from currents and warmer waters – has reached the lowest level ever recorded, in part due to unprecedented heatwaves in recent years.

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Australia politics live: Philip Lowe says RBA ‘still unsure’ how high interest rates will go during Senate estimates grilling

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RBA boss tells Senate estimates about rationale for rate rises as Adam Bandt demands end to new coal and gas projects. Follow live

Around and around we go …

So CBA shareholders are to get a (fully franked) dividend of $2.10 for each of their share – 20% more than the last time dividends were sent out.

We reported strong financial and operational performance in our financial results for the six months ended 31 December 2022. Our cash net profit after tax of $5,153 million reflects the Bank’s customer focus and disciplined strategic execution. Our continued balance sheet strength and capital position creates flexibility to support our customers and manage potential economic headwinds, while delivering sustainable returns to shareholders. A fully franked interim dividend of $2.10 per share was determined, an increase of 20% on 1H22, driven by organic capital generation and a reduction in share count from share buy-backs. Despite the current uncertainty, your Board and management feel optimistic for the future and are committed to delivering for our customers and for you, our shareholders

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World’s largest skating rink on thin ice as Canada’s warm winter prevents opening

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Mild temperatures in Ottawa make it too dangerous to open Rideau Canal Skateway, the capital’s 7.8km long ‘blockbuster’ attraction

Canada’s Rideau Canal Skateway – the largest outdoor rink in the world and a Unesco heritage site – may not open this winter for the first time in five decades, due to a lack of ice.

Ottawa is in the grips of its third-warmest winter ever recorded, according to Environment Canada, with temperatures hovering just below freezing through most of December and January.

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UAE ‘running towards’ renewable future, says oil boss Cop28 president

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Climate groups have accused head of national oil company, Sultan Al Jaber, of conflict of interest

The United Arab Emirates, the oil-rich Gulf nation that is hosting the next UN climate summit, is “running towards” a renewable energy future, the president of the summit has said.

“The UAE has always made progress by getting ahead of the future,” said Sultan Al Jaber, who will oversee the Cop28 conference beginning this November, at an international meeting in Dubai on Tuesday. “We believe that gamechanging solutions can be achieved if the collective political will is there. It certainly is from the UAE. We in the UAE are not shying away from the energy transition. We are running towards it.”

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Flooding hampers rescue efforts as North Island residents told power could be out for weeks – as it happened

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This blog is now closed

New Zealand’s national power grid operator has declared a “grid emergency” and warned that power might not be restored to some for “for days to weeks, rather than hours”.

The widespread power cuts in Hawkes Bay and Bay of Plenty happened after a substation flooded during severe rain from Cyclone Gabrielle.

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New Zealand minister decries climate crisis ‘lost decades’ in wake of Cyclone Gabrielle

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James Shaw says country is entering ‘period of consequences’ for inaction over climate change as extreme weather wreaks havoc across the North Island

New Zealand’s climate change minister has made a furious speech excoriating parliament for lost decades of “bickering” over the climate crisis, as Cyclone Gabrielle devastates the country.

“As I stand here today, I struggle to find words to express what I am thinking and feeling about this particular crisis,” James Shaw told parliament on Tuesday.

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Food for thought: carbon footprint of salmon and chicken farming mostly stems from feed, study suggests

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Scientists hope emerging research into new types of animal feeds will make aquaculture more sustainable

Most of the environmental effects of farmed chicken and salmon arise from the food the animals are reared on, new research suggests.

Animal feed given to farmed chickens and salmon account respectively for at least 78% and 69% of the industries’ environmental pressures, according to a study published in the journal Current Biology.

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UK must quit climate-harming energy charter treaty, experts say

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Secret international court system enables fossil fuel firms to sue governments for lost future profits

Experts have urged the UK to leave the controversial energy charter treaty (ECT), a secret court system that enables fossil fuel companies to sue governments for huge sums over policies that could affect future profits.

The European Commission said this week that remaining part of the treaty would “clearly undermine” climate targets and that an exit by EU countries appeared “inevitable”. Seven EU countries, including France, Germany, Spain and the Netherlands, have already said they will quit the ECT.

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Britain’s biggest gas supplier accused of ‘profiteering’ from energy crisis

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Climate campaigners hit out at Norwegian state-owned Equinor’s record £62bn profits as household bills rise

Britain’s biggest gas supplier, the Norwegian state-owned oil company Equinor, has been accused of “profiteering” from the energy crisis and higher household bills after posting record annual earnings of £62bn.

The oil and gas producer said on Wednesday that adjusted profits hit $15.1bn (£12.5bn) in the final three months of last year, bringing total annual profits to $74.9bn, the highest in its 51-year history.

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Labor urged to halve $8bn a year in fuel tax credits for trucks and heavy vehicles

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Reforming the scheme would shrink the budget deficit and help Australia hit net zero emissions by 2050, the Grattan Institute says

The Albanese government has been urged to halve the $8bn a year in fuel tax credits it gives mining trucks, semi-trailers and other heavy vehicles, with a new report finding changes are crucial for budget repair and meeting emissions targets.

Fuel tax credits have been “gnawing away an ever-growing share of fuel tax revenue”, with only half of the current amount spent justified in economic or social terms, according to a Grattan Institute report released on Monday.

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World’s biggest investment fund warns directors to tackle climate crisis or face sack

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Norway’s sovereign wealth titan threatens to vote against boards on firms it holds investments with over lax climate and social targets

Norway’s sovereign wealth fund, the world’s single largest investor, has warned company directors it will vote against their re-election to the board if they don’t up their game on tackling the climate crisis, human rights abuses and boardroom diversity.

Carine Smith Ihenacho, chief governance and compliance officer of Norges Bank Investment Management, which manages more than 13tn Norwegian kroner (£1tn) on behalf of the Norwegian people, said the fund was preparing to vote against the re-election of at least 80 company boards for failing to set or hit environmental or social targets.

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Weather tracker: historic rainfall wreaks havoc in New Zealand

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Auckland has experienced its wettest January since records began, while temperatures plummet in southern US

Historic rainfall hit New Zealand in the past week with the worst flooding in at least 200 years in Auckland. Auckland airport reported 249mm of rainfall in a 24-hour period on 27 January, with a month’s worth of rainfall in less than an hour. At another station, Albert Park, there was 280mm in one day, with 211mm falling in less than six hours.

These totals are more than 8.5 times higher than a typical January, and more than 2.5 times higher than an entire typical summer. Overall, Auckland has had the wettest January since records began, with more than half a metre of rain falling in places. The rainfall has caused numerous landslips, flooding and damage to roads and properties with four people killed and 350 in need of emergency accommodation. More than 9,000 people are still stranded as flights in and out of Auckland experiencing delays and cancellations.

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Death in the marshes: environmental calamity hits Iraq’s unique wetlands

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Rivers and lakes that have nurtured communities since civilisation’s dawn are drying up, as drought leads to hunger, displacement and simmering conflict

Small gangs of buffaloes sat submerged in green and muddy waters. Their back ridges rose over the surface like a chain of black islets, spanning the Toos River, a tributary of the Tigris that flows into the Huwaiza marshes in southern Iraq.

With their melancholic eyes, they gazed with defiance at an approaching boat, refusing to budge. Only when the boatman shrieked “heyy, heyy, heyy” did one or two reluctantly raise their haunches. Towering over the boat, they moved a few steps away, giving the boatmen barely enough space to steer between a cluster of large, curved horns.

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NSW plan to offer emissions offsets with car registration sends wrong message, critics say

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Government told to focus on boosting uptake of electric vehicles, public transport, cycling and walking rather than offset ‘gimmick’

Drivers in New South Wales will be offered the chance to buy carbon offsets when they renew their car registration in a step critics have described as a “gimmick” that could undermine efforts to cut transport emissions.

The NSW treasurer and energy minister, Matt Kean, announced the scheme on Friday saying it would give people “looking for practical ways to take action on climate change” more ways to cut their emissions.

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Human activity and drought ‘degrading more than a third of Amazon rainforest’

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Fires, land conversion, logging and water shortages have weakened resilience of 2.5m sq km of forest, says study

Human activity and drought may have degraded more than a third of the Amazon rainforest, double the previous estimate, according to a study that heightens concerns that the globally important ecosystem is slipping towards a point of no return.

Fires, land conversion, logging and water shortages, have weakened the resilience of up to 2.5m sq km of the forest, an area 10 times the size of the UK. This area is now drier, more flammable and more vulnerable than before, prompting the authors to warn of “megafires” in the future.

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Food, feed and fuel: global seaweed industry could reduce land needed for farming by 110m hectares, study finds

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Scientists identify parts of ocean suitable for seaweed cultivation and suggest it could constitute 10% of human diet to reduce impact of agriculture

An area of ocean almost the size of Australia could support commercial seaweed farming around the world, providing food for humans, feed supplements for cattle, and alternative fuels, according to new research.

Seaweed farming is a nascent industry globally but the research says if it could grow to constitute 10% of human diets by 2050 it could reduce the amount of land needed for food by 110m hectares (272m acres) – an area twice the size of France.

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Africa has become ‘less safe, secure and democratic’ in past decade, report finds

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Progress in key areas has stalled because of Covid, conflict and the climate crisis, but peaceful nations are performing better

Africa is less safe, secure and democratic than a decade ago, with insecurity holding back progress in health, education and economic opportunities, according to an assessment of the continent.

The Ibrahim index of African governance, which examines how well governments have delivered on policies and services, including security, health, education, rights and democratic participation, said Covid had contributed to the stalling of progress over the past three years.

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UK climate minister received donations from fuel and aviation companies

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Exclusive: Graham Stuart received £12,000 towards campaign from fuel distributor and aviation consultant

The UK climate minister – who recently stated not all fossil fuels were the “spawn of the devil” – received campaign donations from one of the largest fuel distributors in the UK as well as an aviation consultant and recruiter, it has emerged.

Graham Stuart, Conservative MP for Beverley and Holderness, was appointed climate minister by Rishi Sunak in September. He has responsibility for net zero strategy and low carbon generation, and is the Commons lead for clean heat.

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Celebrities call on UK banks to stop financing new oil, gas and coalfields

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Stephen Fry, Emma Thompson and Mark Rylance add their voices to Richard Curtis’s Make My Money Matter campaign

Famous names including Stephen Fry, Emma Thompson and Mark Rylance have joined activists and businesses in calling on the UK’s big five banks to stop financing new oil, gas and coal expansion.

Make My Money Matter, a campaign set up by Richard Curtis, the screenwriter, director and Comic Relief co-founder, has written to the chief executives of HSBC, Barclays, Santander, NatWest and Lloyds to urge these banks to “stop financing fossil fuel expansion”.

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‘No chance’ of global heating below 1.5C but nuclear tech ‘promising’ in climate crisis, Bill Gates says

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Billionaire and founder of Microsoft tells Sydney audience it is ‘great to have Australia on board on climate’

The world will be lucky to avoid 2.5C of heating, but emerging technology may help avert even worse, Bill Gates has told a Sydney audience.

The US billionaire and philanthropist told the Lowy Institute on Monday that while malaria still killed more children – 400,000 a year – the climate crisis was “worth investing in massively because it will get worse and worse over time”.

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