Breaking Waves: Ocean News

Exclusive: Newly uncovered documents reveal chemicals giant was aware ‘environmentally neutral’ products did not biodegrade The multibillion-dollar chemicals company 3M told customers its firefighting foams were harmless and biodegradable when it knew they contained toxic substances so persistent they are now known as “forever chemicals” and banned in many countries including the UK, newly uncovered documents show. From the 1960s until 2003, 3M made foams containing PFOS and PFOA (perfluorooctane sulfonate and perfluorooctanoic acid), synthetic chemicals that can take tens of thousands of years to degrade in the environment and have been linked to cancers and a range of other health problems such as thyroid disease, high cholesterol, hormonal problems and fertility issues. Continue reading...

The scope of the Cop26 net zero banking alliance may have been limited, but the exodus of six US banks signifies a seismic political shift Last week, as flames began tearing through greater Los Angeles, claiming multiple lives and forcing more than 100,000 people to evacuate, JP Morgan became the sixth major US bank to quit the Net Zero Banking Alliance (NZBA) since the start of December. A smaller story, certainly, but the departure of top US banks from the NZBA in the weeks since Donald Trump’s re-election nonetheless speaks to a seismic political shift prompting major financial institutions to turn away from the climate-related commitments they made in the optimistic years after the Paris agreement. The NZBA is a voluntary network of global banks committed to “align lending and investment portfolios with net zero emissions by 2050”. It is part of the umbrella Glasgow Financial Alliance for Net Zero (GFANZ), which counts among its membership dozens of “alliances” covering the various segments of global finance. For its part, the NZBA requires new members to submit science-aligned targets within 18 months of joining, alongside disclosing plans for and status updates on meeting them. Adrienne Buller is director of The Break Down and the author of The Value of a Whale: on the illusions of green capitalism Continue reading...

Exclusive: US companies are increasingly shipping toxic waste to other countries, where some argue it poses a risk US companies ship more than 1m tons of hazardous waste to other countries each year, raising questions over possible impacts on health and the environment, an investigation by the Guardian and Quinto Elemento Lab has found. Exports of toxic waste, most of which is shipped to Mexico and Canada, have climbed 17% since 2018, US records show. And while sending it away for recycling and disposal is legal, some experts are concerned that more and more of America’s most dangerous discards are leaving the country. Continue reading...

Legislation has new life in wake of Los Angeles catastrophe but US fossil-fuel industry is already mobilizing against it In the year preceding the devastating Los Angeles county wildfires, big oil fiercely lobbied to kill a “polluter pay” bill that moved through the California senate and would have forced major fossil fuel companies to help cover the costs of climate disasters. Fossil-fuel industry lobbying in California spiked to record levels during the 2023-24 legislative session, and the polluter pay bill was among the most targeted pieces of legislation, a Guardian review of state lobby filings found. Continue reading...