Heathrow’s planned new runway just got canceled—thanks to the Paris Agreement

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For the first time ever, the Paris climate agreement has formed the basis of a major court ruling. The project to expand London’s Heathrow airport was first proposed in 2009, and it has had a turbulent journey since. It was initially backed by a Labour government, canceled a year later, revived, then backed by a Conservative government in 2018. Proponents have touted the plan as a source of extra jobs, additional air routes, and fewer delays. The U.K. Department of Transport has estimated an economic benefit of £61 billion, or $79 billion, over the next 60 years. Read Full Story

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Unilever is investing $1.1 billion in a new climate fund—and hopes to reach net zero emissions by 2039

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The goal is to hit the benchmarks set by the Paris Climate Agreement far earlier than the 2050 deadline. Unilever, one of the largest consumer goods companies in the world, had a carbon footprint equivalent to about 60 million metric tons of CO2 in 2019. But by 2039, the company plans to shrink the carbon footprint of its products to net zero, 11 years before the deadline set by the Paris Climate Agreement. Read Full Story

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Spain creates a universal minimum income targeted at 2.3 million people

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As the pandemic continues to destroy the economy, the government guarantees no one will earn less than about $500 a month. With the coronavirus pandemic exacerbating the most vulnerable people’s financial struggles, the Spanish government has decided to implement what it’s calling a national minimum income, ensuring that people in the nation’s 850,000 lowest-income households receive at least roughly $500 a month in income. The plan aims to reach 2.3 million people and is expected to cost the government about €3 billion a year. Read Full Story

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Banks won’t stop funneling billions of dollars into the fossil fuel industry

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Bank financing for companies that are planning new coal, oil, and gas extraction increased 40% from 2018 to 2019, despite warnings that we need to stop burning these fuels. Despite their claimed support for the Paris Climate Agreement, major global banks have not only continued to pour billions of dollars into the fossil fuel industry since 2015, they financed more fossil fuel extraction and infrastructure companies in 2019 than the year prior—funneling billions into new coal, oil, and gas projects even as experts warn that we need to stop burning these fuels. Read Full Story

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The 50th New York City marathon has been delayed a year due to the damn coronavirus

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The pandemic runs down another institution. Perhaps 53,000 runners breathing heavily on each other during a pandemic in the fall is not a savvy plan. And with that, the 2020 TCS NYC Marathon has been canceled. “I applaud New York Road Runners for putting health and safety of both spectators and runners first,” said New York mayor Bill de Blasio. The postponement was announced today by The New York Road Runners, along with the Office of the Mayor of New York City. Read Full Story

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The coronavirus is wiping out tech conferences, and that’s not all bad

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As tech giants cancel their developer events in favor of virtual education, more people might get access to the information they need. Is 2020 going to be the year all of Big Tech’s developer conferences got canceled? It’s looking like it might well be. In the wake of the coronavirus, the in-person versions of Facebook’s F8 and Google’s Cloud Next have been canceled and are set to be replaced with virtual events that will be streamed to participants. Google has also canceled Google I/O , and has been less specific about any plans to host an online version. Read Full Story

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Mother’s Day Spending to Near $27 Billion This Year, Reach New Peak

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Mother’s Day spending is expected to hit a new record of $26.7 billion this year, per the NRF in a new forecast, representing a 7% increase from last year’s $25 billion. A full 86% of US adults plan to celebrate Mother’s Day, which is up from 84% in 2019 and equal to the percentage who… Read More » The post Mother’s Day Spending to Near $27 Billion This Year, Reach New Peak appeared first on Marketing Charts .

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The Netherlands is slashing emissions by as much as 12 megatons this year—because of a lawsuit

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After losing a final appeal on a 2015 lawsuit, the Dutch government is being forced to invest billions to put itself on a path to be carbon neutral by 2050. As the Trump administration continues to roll back climate policy in the U.S., including changes to clean car rules that will allow cars to emit nearly a billion tons more carbon dioxide than they otherwise would have, the Netherlands is moving in the other direction, rolling out a set of new policies that will drastically cut emissions this year and put the country well on the path to its goal of becoming climate neutral by 2050. Read Full Story

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Ithaca, New York, is the first U.S. city to say it will cancel rent during the pandemic

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Postponing rent is one thing, but how are people with no jobs supposed to pay later? This city wants to eliminate the debt of renters. In Ithaca, New York, where nearly three-quarters of residents are renters, and COVID-19 has forced many out of work, a new resolution gives the mayor the power to cancel rent debt from the last three months, both for tenants and small businesses. The resolution—which also freezes rents and requires landlords to offer tenants lease extensions—requires approval from the state government, but housing activists believe that will happen. The city is the first in the country to act on nationwide calls to cancel rent because of the pandemic. Read Full Story

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