Virginia Furness

TotalEnergies and Siemens have called on European governments to abolish one of the EU's flagship corporate sustainability laws in order to boost the continent's competitiveness, a letter seen by Reuters shows.

Major agri-food companies including Nestle , Ferrero and Olam Agri have warned that European Union delays to its anti-deforestation law are endangering forests worldwide.

Investors representing more than 4.5 trillion euros ($5.3 trillion) of assets have urged the EU not to water-down its methane emissions law amid concerns the rules may be weakened to ease U.S. LNG imports, according to a letter seen by Reuters.

Money managers' approach to environmental, social and governance investing in the United States has been discredited and needs to shift its focus from morality to economic impact, John Kerry, former U.S. Secretary of State and climate envoy under President Joe Biden said on Tuesday.

Public funding for international fossil fuel deals fell by up to 78% last year across a coalition of 35 countries, though members of the group, including Germany and the United States, approved new projects, research by a group of NGOs showed on Tuesday.

Company earnings could fall by as much as 25% over five years due to nature degradation, Barclays said, as rising input costs and operational disruptions driven by policy changes and worsening environmental conditions begin to bite.

Jockeys in white silks lined up outside parliament in central London on Wednesday, the first protest by the racing industry as it fights against a government proposal which could see taxes on online horse racing bets increased.

Multilateral development banks provided a record $137 billion in climate finance in 2024, up 10% from the previous year, and also helped boost private sector funding for climate-related investments by a third, a report by the banks showed on Tuesday.

No horse racing will take place in Britain on September 10 as jockeys, trainers and racecourses stage their first strike, protesting a government review that could raise taxes on remote bets. The stoppage marks the first time the sport has voluntarily halted racing in its history.

Britain will not back a high-profile initiative to form a multilateral defence bank, dealing a blow to a plan to create a global state-backed lender to help rearm countries.