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The emissions equation: How US emissions fell ~10% last year

The emissions equation: How US emissions fell ~10% last year

US greenhouse gas emissions fell more than 10% in 2020, according to estimates from Rhodium Group — putting US emissions at their lowest point for 30 years.

The big win for the environment was on transportation — which accounts for a little over 30% of US total emissions. With fewer travellers the demand for jet fuel, petrol and diesel were all down significantly on 2019. That alone meant 273 fewer million metric tonnes of CO2 being pumped into the atmosphere in 2020 compared to 2019.

As Rhodium Group points out these historic falls mean that US emissions last year were more than 21% below those of 2005. That means the US is technically on track to meet its Paris Agreement goals of 26-28% below 2005 levels by 2025. Of course, that's only true if emissions don't immediately jump back up this year as economic activity returns. For the sake of the environment, hopefully some of those trips never come back.

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Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

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John Wayne Airport in Orange County tops the list of North America’s favorite airports

Despite a record year of passenger numbers, flight cancellations, and delays, a new survey has revealed that flyers have been increasingly satisfied about their experiences in North American airports. 

According to this year’s North America Airport Satisfaction Study from data analysts at J.D. Power, overall passenger satisfaction scores were up 10 points (on a 1,000-point scale), largely from “improvements in food, beverage and retail and ease of travel through the airport.” The annual survey measures overall traveler satisfaction across the region’s airports in seven categories (in order of importance): ease of travel, level of trust, terminal facilities, airport staff, airport departure experience, food and retail, and airport arrival experience.

Here are the regions favorites:

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