U.S.-China climate relations restart with green shipping deal; plus, net-zero lawsuits begin

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By Trey Thoelcke Updated Published
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U.S.-China climate relations restart with green shipping deal; plus, net-zero lawsuits begin

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(A native of England, veteran journalist Matthew Diebel has worked at NBC News, Time, USA Today and News Corp., among other organizations.)

A childhood memory, a current-day dream

When I was a boy, my father and I used to enjoy going up onto a fortress-topped hill near our vacation house on the Channel Island of Alderney and watching the ships go by. And there were many, because we were overlooking the southern shipping lane of the English Channel, the waters between France and England that form the busiest waterway in the world.

There were a few ocean liners, such as the Queen Mary, the Queen Elizabeth and the Queen Elizabeth 2, which sailed by on their way to and from the U.S. But mostly it was large cargo boats and oil tankers making their way to ports such as London and Rotterdam.

And, boy, did they belch smoke. In fact, when the wind was headed our way, we could smell the acrid fumes from the heavy oil used to power their engines, emissions that make up about 3% of the world’s total.

Long an ignored and/or overlooked contributor to carbon pollution, the shipping sector is now getting more focus, though the efforts are still somewhat hampered by complex multi-national maritime laws that must go through many hurdles to be changed. However, one initiative has emerged which shows promise in making changes…

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Photo of Trey Thoelcke
About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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