Global shipping industry climate pledge slammed as a 'wishy washy' compromise | CNN

The shipping industry, which transports more than 80% of the world’s traded goods, produces around 3% of all human-caused planet-heating pollution due to the fossil fuels it uses to propel ships across the ocean. But until now, the industry has not had a commitment to reach net zero – which would mean removing from the atmosphere at least as much planet-warming pollution as it emits.

“These higher targets are the result of relentless, unceasing lobbying by ambitious Pacific islands, against the odds,” Albon Ishoda, special presidential envoy for the decarbonisation of maritime shipping from the Marshall Islands, said in a statement. “This outcome is far from perfect, but countries across the world came together and got it done,” Ralph Regenvanu, a Vanuatu politician, said in a statement.

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UPS and Teamsters' marathon talks end without a deal to avoid a strike | CNN BusinessA marathon negotiating session between UPS and the Teamsters union ended early Wednesday morning with both sides accusing the other of walking away from the table. There are no signs of a contract settlement in sight.
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