F1 Sponsor under fire for misleading sustainability claims
Saudi Aramco and the Financial Times have been accused of greenwashing after claims made about sustainable fuels were cast in doubt. As concerns regarding climate change and environmental sustainability mount, corporations are under increased pressure to embrace and offer green initiatives. But this demand also exacerbates the risk of greenwashing, as...
Current in Companies
Miami Seaquarium faces eviction over animal neglect investigations
Following the tragic death of an orca whale named Lolita, the welfare of animals kept in the Florida Seaquarium has come under intense scrutiny. Now, it appears the site will be forced to close for good. It’s a big day for animal rights. After almost 70 years, the Seaquarium in Miami,...
Slovakia is turning old cigarette butts into asphalt roads
Around Bratislava, containers specially designed for cigarette butts have been set up by the local council. Once full, their contents are being upcycled into asphalt roads, preventing tons of chemicals and plastic waste from entering the natural environment. Every day, a whopping 18 billion cigarette butts are thrown away. Over a...
Biden administration hit by lawsuits from green groups and Big Oil
Biden’s offshore drilling plan has sparked controversy, with both oil and gas companies and environmental groups voicing their concerns through lawsuits filed against the administration. Recently, two separate lawsuits were filed against the Biden administration at the same time over its five-year oil drilling plan in the Gulf of...
Spain becomes latest European nation to ban short-haul domestic flights
Back in November, the Spanish government proposed a ban on flights that take less than 2.5 hours by train. Confirmation that the law will come into effect soon signals a win for the environment – but is it too good to be true? In efforts to reduce its national carbon...
JP Morgan and State Street back out of largest climate investor group
Some $14 trillion of assets have up and left Climate Action 100+. Key corporate members JP Morgan and State Street have announced their resignation from the global investment group while BlackRock has significantly limited its involvement. Sigh. Climate adaptation costs could reportedly climb to $340 billion by 2030. Yet, a...
New report shows plastic companies knew recycling would be useless
Plastic pollution is one of the biggest environmental and public health issues of our time. A new investigation shows that the companies producing it knew all along that recycling programs would be pointless. For the last 50 years, we have been advised to recycle plastic waste whenever possible, yet a new report claims that oil companies and plastic producers knew this effort was pointless. Published by the Center for Climate Integrity...
Activists urge UEFA to break up with airline sponsorships
As airline sponsorships become more intrinsically linked to European football, activists are urging clubs and governing bodies to break away from this ecologically damaging association. There’s rarely a quiet day at UEFA HQ, and Valentine’s Day brought forth a fresh batch of criticism to the association’s door. The Union of European Football Associations, which hosts the sport’s elite EU competitions; including the Champions League, Europa League, and Conference League, is now...
Is Wall Street about to scupper the psychedelics industry?
Money is pouring into the burgeoning psychedelics industry and an influx of startups are racing to patent key ingredients found in ‘magic mushrooms.’ Wall Street is moving in to monopolise the sector. It’s becoming increasingly clear that mushrooms are good for more than just ayahuasca trips on university graduates’ gap years. Scientific studies are feeding hype about the effectiveness microdosing psilocybin may have in treating mental health disorders such as depression...
What the Sephora cookie tells us about the productivity-pay gap
After the beauty retailer reached $10 billion in revenue this month, employees were gifted a ‘stale’ biscuit as thanks. Sephora – one of the leading beauty retailers in the world – made headlines last week after it amassed a staggering $10 billion in revenue. But the attention wasn’t for reasons it might have hoped; focus turned to the company’s employee gift, a single ‘stale’ cookie celebrating its latest margins. The...