🚗 Amazon.com will invest more than 1 billion euros to achieve net zero carbon
A Amazon.com Inc reported on Monday (10) that it will invest more than 1 billion euros, over the next five years, in low-emission electric vans, trucks and package hubs across Europe, accelerating its drive to achieve net-zero carbon.
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The retailer said the investment also aims to stimulate innovation across the transport sector and encourage more public charging infrastructure for electric vehicles.
The company plans to achieve net zero carbon by 2040.
👨⚖️ European Commission intends to end system that protects fossil fuel reserves
Proposal aims to reform the Energy Charter Treaty (ECT) that protects multibillion-dollar investments in Europe.
But after all, what is the Energy Charter Treaty?
It is an international agreement, designed in the 90s, that provides legal protections for investments in fossil fuels. It allows business entities that invest in infrastructure and materials for energy production purposes, such as coal mines and oil fields, to sue governments over their climate policies. In practice, the Treaty authorizes sanctions against countries that, by adopting more sustainable energy policies, may have harmed the profits of the most polluting companies in the sector.
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Through the ECT reform, unexpected payments – such as the 210 million euros received by the British oil company Rockhopper, which was banned from drilling (The Guardian*) – would no longer be possible between the states of the European Union.
The ECT is the most litigious investment treaty worldwide and represents 17% of all arbitration actions initiated by a fossil energy-related investor.
Brussels' move is part of an ongoing attempt to “modernize” the ECT, in the face of growing calls for a full exit from the treaty.
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♻️ Do you know how to dispose of cooking oil?
Are you the team that throws the rest of the frying oil down the drain? You know it’s bad, but you think “a little bit doesn’t make a difference”?
Sometimes you have to store it in a jar waiting to dispose of it correctly, but it never happens, right? Well, you already know that it is important to dispose of it correctly, as any drop of these can cause problems for the environment and the sewage system.
The Basic Sanitation Company of the State of São Paulo (Sabesp) published a note stating that 1 liter of oil can contaminate up to 25 thousand liters of water. This is because its substances do not dissolve in water and, when dumped into waterways, they cause a lack of oxygen control and the death of fish and other species. In contact with the soil, there is contamination and more dirt.
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Check it out on the website Sustainable Oil the best way to store and dispose of used oil at home.
🌱 Vale aims to sell a stake in copper and nickel businesses
Vale is considering selling a minority stake in its nickel and copper businesses to take advantage of the growth in demand for these metals, used in components such as batteries.
The information was revealed by the Financial Times and confirmed by the company (*). The Brazilian mining company hired Goldman Sachs to evaluate a sale that could reach US$2,5 billion.
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Japanese metals traders and Middle Eastern sovereign wealth funds would be potential suitors. Proposals would be presented as early as November, according to the British newspaper.
The company's objective would be to capitalize on exploring the types of metals that will support the transition to a low-carbon economy. The explosion of interest in electric vehicles in developed countries is the most visible face of this demand.
O Curto Verde is a daily summary of what you need to know about the environment, sustainability and other topics linked to our survival and that of the planet.
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