Ships seeking to avoid ongoing attacks by Houthi rebels in the Red Sea area are emitting millions of additional tons of carbon, making it tougher for companies to reduce pollution across their supply chains bloomberg.com/news/articles/… via Bloomberg Green

In Asia, a sharp drop in returns from making diesel is prompting some refiners to make modest reductions in operating rates, which could crimp regional oil imports. A major S. Korean refiner cut activity from this month, with another mulling a reduction in July.
#OOTT #Oil

Corals send an SOS.
Bloomberg Green.

Thanks to everyone at @Exxonmobilfaw and ExxonMobil UK for a first look at new production facilities at the site.

The $1 billion spend at Fawley on England's south coast will help reduce the UK's reliance on #diesel imports, lots of other details on the Bloomberg Terminal

Salvage crew climbing up a fire-ravaged ship lined with barbed wire. A French naval vessel fighting off drones. This is what it takes to rescue a Houthi-hit ship
bloomberg.com/news/articles/… via Bloomberg Politics #OOTT

Tankers Haul Russian Diesel to #Brazil Where There’s a Glut
#oott #Russia bloomberg.com/news/articles/…

The first ever global, mandatory charge on GHG emissions just got a little bit closer.

It'll apply to ships -- which carry 80% of world trade -- and it's scheduled to begin in 2027.

Free to read:

bloomberg.com/news/articles/… Bloomberg Green

Older ships with untraceable insurance are navigating the Red Sea in the face of Houthi attacks — and they’re increasing the threat to environmental and structural damage for everyone else
bloomberg.com/graphics/2024-… via @bbgvisualdata #OOTT

What you need to know about Russia's drone-struck oil refineries (story link at the end). At least six large ones have been targeted so far this year by the Ukrainians, with an escalation this week. 1/6

February was the ninth consecutive month to register as the warmest on record -- while sea temperatures have reached uncharted territory bloomberg.com/news/articles/… via Bloomberg Green

Ocean temperatures are soaring off the charts, shocking scientists. Here’s what it means for people, wildlife and the wider climate bloomberg.com/opinion/quickt… via Jack Wittels

Record-smashing heat in the world's oceans -- they've been by far the hottest on record for the time of year, every day, since May, 2023. What's going on, and what does it mean for fisheries, people and marine life?

Free read: bloomberg.com/opinion/quickt… Bloomberg Green

CHART OF THE DAY: Energy-related CO2 emissions hit a fresh record high in 2023, according to International Energy Agency data, with renewables energy slowing down the increase. Emissions grew by 1.1% in 2023, down from 1.3% in 2022. Full report here: iea.org/reports/co2-em… #EnergyTransition

Are you curious to learn more about climate anxiety?

Join our live LinkedIn conversation Thursday, Feb. 29 at 12pm EST.

Reporters Olivia Rudgard and Jack Wittels will speak to Louise Edgington, Leslie Davenport (she/her) and Charlie Hertzog Young.

RSVP and please share ⬇️ linkedin.com/events/7164251…

Climate change is fueling a new type of anxiety, according to therapists.

So what can you do to treat climate anxiety? Jack Wittels and Olivia Rudgard with more trib.al/BA4xYw7

Diesel-making profits are once again surging in Europe, supported by refinery outages, attacks on Russian energy facilities and Red Sea chaos bloomberg.com/news/articles/… via Bloomberg #OOTT #diesel