Kenza Bryan

Swiss bank pushed back net zero target from 2025 to 2035, citing ‘enlarged corporate real estate portfolio’

Proposal to weaken rules follows exodus of members since Trump election

Participation of experts from world’s biggest economy is seen as crucial

Slower-than-expected climate action blamed for move to cut back dedicated teams

Decision to stop backing SBTi comes as Amazon founder seeks to curry favour with Donald Trump

Lord Adair Turner advocates for ‘pull together’ of rest of the world to accelerate shift to green energy

Oil and gas groups rely more heavily on offsets to reach climate targets than any other sector

Tech giant acquires carbon credits worth around $200mn, as energy usage surges due to generative artificial intelligence

Climate activists are using elaborate stunts to highlight corporate inaction

Groups failing to meet EU climate targets face a choice of paying fines, discounting EVs or buying credits