Europe’s comprehensive efforts to fix everything from carbon neutrality

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.Not a valid attachment ID.
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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