Investors managing $39 trillion have called on governments to raise their climate ambition, including setting plans to phase out fossil fuel use and forcing companies to set out science-based transition plans.
Unilever chief executive Alan Jope said on Tuesday that consumer goods companies should get used to the idea of "crisis being more or less the new normal" as they fight soaring inflation, climate change and a global food crisis.
Former U.S. Vice President Al Gore is hopeful China and the United States will set aside their differences at U.N. climate change talks in Glasgow, just as they came together in 2015 to help hammer out the Paris Agreement.
Shares of oil refiner PBF Energy Inc fell more than 10% on Northern California's new air pollution requirement that could possibly shut down the company's Martinez refinery in the state.
Britain's Rolls-Royce, which makes engines for planes and ships, outlined plans to reach net zero emissions by 2050 through investing more in decarbonising technologies and, in the short term, using more sustainable aviation fuel.
New pledges by G7 leaders on climate change and biodiversity loss will boost efforts to strike a global pact to protect nature but an October deadline is likely to be missed without in-person talks, officials and observers say.
Exxon Mobil says it will appoint two new directors with energy industry and climate experience within the next 12 months, a pledge made days before a shareholder contest over the oil company's climate stance and board makeup.
