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...The US has imposed restrictions on companies using its products “given the company’s control by the [Chinese] government”....
...A small fraction of European companies have complied with an early reporting deadline on their carbon-intensive imports, underlining the challenge of EU efforts to tax Co2 heavy products entering the bloc...
Intervention comes as EU leaders prepare to debate bloc’s economic competitiveness
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...Several EU governments, including the Netherlands and Italy, have been sued by fossil fuel companies under the treaty for putting in place green legislation that they say undermines their investments....
...EU officials have been urging European companies to avoid buying Russian LNG now that gas storage levels are at record levels and prices have come down from the post-invasion peak....
...MEPs also approved key planks of the EU’s climate legislation, including new rules on packaging waste that will outlaw single-use plastics and on due diligence rules for companies....
...For some companies wanting to electrify, according to Mensink, grid operators have warned that it would take 12 years to get hold of the copper wire required....
...“It’s not something like a ban but we would prefer European companies . . ....
...We have this optimism bias towards being able to deliver faster,” Ian Edwards, chief executive of the Canadian engineering company, told the Financial Times....
...Tom Cummins, partner at the law firm Ashurst, said companies and financial institutions should “review these cases carefully. Corporate climate litigation often relies on human rights arguments . . ....
...of a capital markets union had resulted in a “lost opportunity” for the EU as it tries to shore up its industry, which is struggling with structurally high energy prices and competition from subsidised companies...
...Large energy companies can also use the courts....
...EU countries are set to vote on a significantly watered-down law holding companies liable for human rights and environmental abuses in their supply chain, as part of a last-ditch effort to persuade Germany...
...Underlying concerns that EU companies will be lured to the US by the $369bn Inflation Reduction Act’s package of tax credits and subsidies also cast a shadow....
...BusinessEurope, the lobby group of the bloc’s largest companies, criticised the supply chain law as imposing “harsh sanctions with potential existential implications for companies, and unilaterally expose...
...(Alice Hancock) Power Points BP has named Aviva’s chief executive Amanda Blanc as its next senior independent director in the first major shake-up of the energy company’s board since the departure last...
...EU countries have voted to pass a landmark supply chain law that would make companies responsible for environmental and human rights abuses, but only after the number of companies it will affect was cut...
...In contrast to the sometimes-brutal competition in short-haul aviation, trains in Europe are mostly operated by state-owned companies with near monopolies in their national markets....
...Under the rules, companies must notify Brussels of bids for public tenders when the estimated value of the contract is more than €250mn and when the company has received at least €4mn in subsidies from a...
...While Engelhorn has plenty of well-heeled company in her calls for higher tax rates, her other key argument — around philanthropy — is less common among the wealthy....
...“The judgment we are seeking would in effect be the same as legally binding regional treaty . . . that would compel them to rapidly reduce their emissions but would also force them to compel major companies...
...Marc Filippino And what would that do to European companies that rely on steel imports? Alice Hancock There is a big fear in Europe that indeed production will get reshored somewhere else....
Katrín Jakobsdóttir tells the FT the island nation needs food security in a hostile world
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