Standard Chartered Plc has entered a deal with Acre, a state in western Brazil, to sell carbon credits it says will be generated by protecting part of the Amazon rainforest over the next half decade. Source link
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This story has been updated with additional information because an earlier version included an inaccuracy.CANYON — The annual budget process began for the Canyon City Commission on Tuesday night at their regular meeting.Before the property tax rate for the 2025-26 tax year can be adopted, they must hold a public hearing, which must include a tax rate that has been approved by the commission with a recorded vote, according to Joel Wright, finance director of the City of Canyon.“The approved tax rate can still be changed after the rate is approved but cannot exceed the approved rate. So, notice will…
The European Commission’s decision to allow offsets to meet its 90 percent emissions reduction target by 2040 will severely weaken Europe’s climate efforts, says T&E, Europe’s advocates for clean transport and energy. The Commission has announced it will be sticking to its 90 percent emissions reduction target by 2040, giving Europe’s carmakers, airlines, shipping companies, […] Source link
By Caroline Valetkevitch NEW YORK (Reuters) -U.S. stocks ended higher on Wednesday, led by a more than 1% gain in the Nasdaq, as Apple shares climbed after news of its plans to announce a domestic manufacturing pledge, and as some companies delivered upbeat earnings reports. Shares of Apple jumped 5.1% and provided the biggest boost to all three of the major indexes after a White House official said the company would announce a $100-billion domestic manufacturing pledge. In addition, shares of McDonald’s rose 3% after the fast-food restaurant’s affordable menu drove global sales past expectations, while Arista Networks shares jumped…
What’s going on here?Acadian Timber’s second-quarter revenue slipped to C$17.1 million, missing analyst estimates after last year’s carbon credit injection failed to repeat.What does this mean?Acadian Timber’s results show what happens when one-off gains can’t be counted on. Without last year’s C$19.7 million carbon credit tailwind, this quarter’s figures looked leaner: earnings per share came in at C$0.15, and adjusted EBITDA was C$2.4 million with a 14% margin. Rough weather and a shift to in-house logging stunted operations in Maine, cutting timber sales. Meanwhile, New Brunswick pulled off higher timber volumes, but lower prices and slim revenue from timber services…
The Tennessee Valley Authority priced $1.25 billion of power bonds Tuesday. It was the utility’s fifth offering of bonds and other long-term funding in the past year. Those funding efforts have raised $5.8 billion.The proceeds of the latest transaction will support construction of new power plants and refinance debt that’s coming due, the federal utility said in a press release.(READ MORE: TVA touts ‘great financial position’ as sales grow $1 billion)TVA had $22.9 billion of total debt as of June 30. That debt was composed mostly of long-term power bonds it sells on financial markets. As a fully owned corporation…
Carbon Market Watch submitted input on the ‘Draft Standard: Addressing non-permanence/reversals’. This draft standard has been written by the Source link
The nation’s enormous national debt burden, which just passed $37 trillion, relies on the confidence of investors — whether individuals or nations — that buy Treasury bonds. Take away the investors and the nation can’t finance that debt, at least not at a low interest rate.The biggest problem with President Trump firing Bureau of Labor Statistics Commissioner Erika McEntarfer following a jobs report that indicated an economic slowdown is that it harms confidence in future government reports, and that could spark jitters among those investors. That is why Michael Feroli, chief U.S. economist for JP Morgan sent a note to…
This report evaluates the effectiveness of the Article 6 rulebook against four key criteria: the quality, transparency, accountability, and equity. The report evaluates the effectiveness of the Article 6 rulebook against four key criteria: the quality, transparency, accountability, and equity. Source link
Mortgage rates retreated this week, with the 30-year fixed rate averaging 6.63 percent, compared to 6.75 percent the previous week, according to Bankrate’s latest lender survey. Loan type Current 4 weeks ago One year ago 52-week average 52-week low 30-year 6.63% 6.72% 6.86% 6.79% 6.20% 15-year 5.79% 5.85% 6.21% 6.01% 5.40% 30-year jumbo 6.66% 6.75% 6.98% 6.83% 6.36% The 30-year fixed mortgages in this week’s survey had an average total of 0.33 discount and origination points. Discount points are a way to lower your mortgage rate, while origination points are fees lenders charge to create, review and process your loan.…