energy
By Hans Nicholas Jong JAKARTA — Calls are mounting for global financiers to cut ties with Adaro, one of Indonesia’s biggest coal companies, as the miner shows no sign of moving away from the fossil fuel despite its net-zero pledge. More than 33,000 people have signed an online petition calling on JPMorgan, Citi and Deutsche Bank to drop Adaro as a client. Citi has loaned $400 million to Adaro, while JPMorgan and Deutsche Bank’s environmental, social and governance (ESG) policies don’t rule out financing the company. Adaro is a major emitter, responsible for 0.28% of global CO2 output since the...
Mongabay
By Maxwell Radwin MEXICO CITY — Mexico will hold elections on June 2 that are likely to shape the country for years to come. In addition to president, all 500 deputies in the lower house of Congress and all 128 seats in the Senate are on the ballot. The winners will have to reckon with a host of pressing environmental concerns that range from renewable energy and mining to access to clean water and infrastructure. The main presidential candidates are left-wing Claudia Sheinbaum and right-wing Xóchitl Gálvez, with center-left Jorge Máynez representing a third, dark-horse option. One of them wil...
Mongabay
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