News
Wood Pellet Giant Enviva Discloses a Financial Crisis
The company’s stock price plunged as its new interim CEO announced financial losses. Environmentalists had long questioned a business model they said was based on greenwashing.
By James Bruggers
A financial crisis has enveloped Enviva, the Maryland-based company that’s been harvesting large swaths of forest in the Southeast United States to make wood pellets for electricity production in the United Kingdom and Europe.
Related Knowledge Center: Climate science
State of Play
What began as a theory in the 1890s — that industrial emissions of carbon dioxide could increase global temperatures — had progressed to a scientific fact a century later. Scientists across a range of disciplines are studying the impact of the still-growing concentration of carbon dioxide and other so-called “greenhouse gases” in the atmosphere as they call for industrial and governmental policies to slow, then halt, the warming of the planet.