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Pre-Market Review: Tyson Foods Inc., Fossil Inc., Hormel Foods Corp., and Chiquita Brands Intl. Inc.

2013-10-25 16:18:12| Jewelry - Topix.net

The S&P 500 ended the day at 1,752.07, up 0.33%; the Dow Jones Industrial Average closed at 15,509.21, up 0.62%; and the NASDAQ Composite finished at 3,928.96, up 0.56%.

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Investors demand fossil fuel giants assess climate risks

2013-10-25 01:05:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: A group of 70 investors controlling more than $3trn in assets yesterday opened a new front in the battle to get fossil fuel companies to fully assess the climate risks they face, revealing that they have written to 45 fossil fuel and energy companies requesting detailed information on the "financial risks that climate change poses to their business plans". Dubbed the Carbon Asset Risk (CAR) initiative and orchestrated by the Ceres group of responsible investors and the Carbon Tracker Initiative,...

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Fossil Fuels Dominate Primary Energy Consumption

2013-10-24 23:31:00| Climate Ark Climate Change & Global Warming Newsfeed

Worldwatch Institute: Coal, natural gas, and oil accounted for 87 percent of global primary energy consumption in 2012, as the growth of worldwide energy use continued to slow due to the economic downturn, according to a new Vital Signs Online trend. The relative weight of these energy sources keeps shifting, although only slightly. Natural gas increased its share of energy consumption from 23.8 to 23.9 percent during 2012, coal rose from 29.7 to 29.9 percent, and oil fell from 33.4 to 33.1 percent. The International...

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Wall Street Demands Answers From Fossil Fuel Producers on 'Unburnable' Carbon

2013-10-24 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

InsideClimate: A well-heeled coalition of investors is asking top fossil fuel companies to calculate the risks of plowing billions into new oil, gas and coal projects. They fear that carbon emission limits and slowing demand will turn them into bad investments that leave investors worse off. The requests, contained in letters sent to 45 companies [3] last month, are part of an initiative aimed at persuading oil producers and others to rein in their quest to stockpile more carbon energy. They hope to do so by tapping...

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Melting Arctic easing access to fossil fuels

2013-10-24 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

FuelFix: More direct routes may be opening up in the Arctic, as melting ice has made previously unnavigable routes a growing possibility for large ships, including tankers carrying oil and gas, an expert said Wednesday at the Third Houston Shipping and Offshore Conference. "The ice is melting and a new ocean is opening up," said Johan Vold, managing director of the Energy Policy Foundation of Norway and a former executive at Royal Dutch Shell and Statoil. The conference was held at the Houstonian Hotel...

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