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...fresh funding from the US Congress in 2026, opening it to political scrutiny from Republican lawmakers who are resistant to cutting off finance for oil and gas, and progressive lawmakers critical of the bank...
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...Rinehart, and her iron ore vehicle Hancock Prospecting, acquired the stake less than a week after she built a 5 per cent holding in US listed MP Materials....
...Instead, they have enjoyed huge gains in the value of their assets, which they can then use as collateral for bank loans to fund their lifestyles....
...Industrialists, still struggling with the effects of 2022’s energy crisis, said EU targets and bureaucracy were holding up investment and innovation....
...However, it marked the most significant breach between Israel and the US at the UN since a 2016 dispute over settlements in the occupied West Bank....
...Only about a fifth of the country is used for agricultural production, according to the World Bank....
...” that would unlock more financing from commercial banks....
...Now from Shell’s trading floor to Brussels, where EU correspondent Alice Hancock asks whether Europe’s power grid is ready for the energy transition....
...German support is seen by many diplomats as crucial to holding the agreement together....
...The new normal The sun is out, gas prices are down and the EU’s energy commissioner has said that the bloc no longer needs its emergency energy regulations, writes Alice Hancock....
...One Belgian protesting in Brussels tells the FT that the bank was likely to reclaim his farm next year if he did not meet a loan repayment that he was unlikely to afford because recent nitrogen emissions...
...The European Investment Bank, the world’s largest lender that labelled itself the “climate bank” in 2019, is also under pressure to fund more projects in the arms industry....
...The FDA trade union, which represents senior civil servants, is holding crunch meetings with both its lawyers and its members on Thursday to establish its next steps....
...Banks will be exempt from reporting on their clients’ activities under new EU rules to make companies responsible for environmental impacts in their supply chain....
...“What we’re asking is for the same rules for all companies and banks,” one of the officials said....
...European Commission last October announced a “wind power package’” that set out accelerated permitting procedures and financial guarantees for wind turbine manufacturers through the European Investment Bank...
...France has secured a partial carve-out for banks from new EU rules to make companies responsible for environmental impacts in their supply chains....
...In the span of a week, Rinehart’s Hancock Prospecting has bought shares in Australia’s Lynas and taken a 5 per cent holding in US-listed MP Materials....
...The United Arab Emirates, hosts of COP28 in Dubai, have come in for criticism for holding a climate conference despite their status as a petrostate....
...But some EU countries are not living up to commitments made in 2022 to phase out subsidies for oil and gas, writes Alice Hancock....
...The European Central Bank has warned that touching the profits made by Euroclear, the central securities depository holding the assets in Belgium, could destabilise the financial system....
...“It is not a good idea to insult people who work for you,” Stefan Gerlach, former deputy governor of the Irish central bank who is now chief economist at EFG Bank, wrote on X....
...Her expected bid for a second one involves dumping them, write Andy Bounds and Alice Hancock....
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