Europe's comprehensive efforts to fix everything from carbon neutrality to social inequality have been hailed as a model for the rest of the world.Screenshot_20250213-025334.png
Today, some of those efforts are about to be abandoned, the first domino to fall as the region weighs its response to the wave of global deregulation unleashed by Donald Trump's return to the White House.
The European Union is set to propose reducing some environmental, social and governance requirements that have been criticized for imposing significant compliance costs on companies with limited profits.
The details of Brussels' plan to address those shortcomings remain shrouded in mystery, even as countries pushing for change are reluctant to sell out on climate. But with the bloc's economy rapidly falling behind the rest of the world, many experts see the so-called omnibus package as a key step toward restoring competitiveness when it is unveiled on February 2. 26.
"We are still committed to the Green Deal," Financial Services Commissioner Maria Luis Albuquerque (pictured) said in an interview last month. Photo: Simon Wohlfahrt/Bloomberg
EPA in the mood to pull back some climate funding The EPA is trying to pull back about $20 billion in funding for climate projects awarded under President Joe Biden's signature climate law, Administrator Lee Zeldin said Wednesday night, calling the effort a "scheme" without proper oversight.
U.S. coal recycling company sees growth in India. LanzaTech Global Inc. sees opportunities to expand in India, the world's third-largest emitter, as uncertainty about U.S. clean energy technologies grows after Trump's climate withdrawal.
Nature startup raises $160 million to remove carbon from forests Chestnut Carbon aims to circumvent the problems that have plagued carbon markets. Many of the company's projects involve buying up unproductive farmland and pastures and planting trees instead of paying farmers to do it. We also read
The National Oceanic and Atmospheric Administration and its agencies, including the National Hurricane Center and the National Weather Service, are changing the name of the Gulf of Mexico to the Gulf of America.
All maps, charts, websites and weather products will reflect the name change, which is part of an executive order signed by U.S. President Donald Trump, focused on what the administration says is "restoring names that honor American greatness."
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