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...Aviva and Phoenix Group did not provide figures when asked by the Financial Times....
...Yuyun Ismawati, founder of the environmental group Nexus3 Foundation in Indonesia, said plastic offsetting allowed corporations to fund damaging false solutions, such as the burning of plastic....
...The lorry management software and fuel cards payment provider, which trades as Eurowag, said: “At this stage, the group does not intend to pay dividends; instead, it intends to prioritise investment in growth...
...Right to reply Last week we featured an interview with economist Esther Duflo, on her proposal to use taxes on corporations and billionaires to fund climate-related assistance to developing nations....
...China’s state-owned giants, China National Nuclear Corporation and China General Nuclear Power Group, are also expanding rapidly....
...About 40 per cent of the fossil fuel assets it identified were issued by financial subsidiaries of fossil fuel corporations, report author Clarisse Murphy told me, putting them outside the scope of the ECB...
...The US is planning to fund the IRA by raising $300bn over the decade by requiring large corporations to pay a 15 per cent minimum tax on their profits, as well as through a stock buyback tax, among other...
...revelation that a Chinese company is funding several US patent lawsuits has put the $13bn litigation finance industry on the defence over claims that Beijing could exploit the American legal system and spy on corporations...
...A real-terms cut to fuel duty might seem strange given the small matter of climate change. But compared with a special tax cut on coal, it has the air of genius....
...than a phaseout of all fossil fuels, full stop....
...Exxon peers in Europe such as BP and Shell have sold parts of their fossil fuel portfolio in response to climate concerns. Both companies have cut oil output since 2019....
...Lyons, chair of FTSE 100 pensions group Phoenix, was instrumental in driving talks over the past year that led to the Mansion House compact....
...The group sits on an $18.4bn pile of investments, which Nuttall and Bae have bet will fuel earnings in the coming years....
...South Africa’s Public Investment Corporation, a manager of government employee pension assets that is Anglo’s largest shareholder, said it would assess any offers presented to shareholders....
...Fossil fuel emissions must come down pronto....
...The so-called presales model — in which buyers pay for property prior to construction — helped fuel rapid urbanisation, said Zeng at CreditSights....
...Last June, it agreed to sell 4mn tonnes a year of LNG to China National Petroleum Corporation for 27 years, following a similar deal with China’s Sinopec in November 2022....
...While Chevron will shell out $53bn for Hess Corporation....
...The 1,000 richest Americans will be subject to a minimum tax of 25 per cent, raising $500bn over 10 years, while corporations would pay at least 21 per cent in tax....
...United States Steel Corporation, for example, has said it will use generative AI software from Google to guide its workers through truck repairs and ordering parts....
...“This was the mother of all climate cases against corporations,” said Klaas Hendrik Eller, an assistant professor at the University of Amsterdam’s centre for transformative private law....
...Hunt is expected to freeze fuel duty, which has not been raised since 2011....
...Renewables developers are increasingly striking long-term power deals with large corporations, helping both sides get some certainty over long-term power prices....
...The next four crude cargoes will be supplied by the state-owned oil company the Nigerian National Petroleum Corporation (NNPC) in “two to three weeks” and ExxonMobil will supply the last of the initial six...
...The Isle of Man also has weaker corporate transparency rules than the UK and lower corporation and personal taxes....
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