Newly proposed rules which determine the amount of carbon dioxide removal (CDR) that companies can use to hit climate targets are still too restrictive, according to some carbon credit providers. This week, the Science Based Target Initiative (SBTi) tabled revisions to its flagship climate target-setting framework. The keenly awaited changes did not include a loosening of the rules around carbon offsets, as had been expected after SBTi controversially indicated last year that it would allow companies to use them to neutralise some Scope 3 emissions. The new rules instead largely hold the line on offsets – only allowing them to…
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As you know, our steel and metals industry is facing a serious crisis, between an explosion in electricity prices and global overcapacity arriving on our market. Trade tensions have not helped matters.We Europeans had two possible choices:Either accept that Europe is no longer competitive in steel, and gradually lose our production capacity and become dependent.Or preserve an industry we need for construction, automobiles and defense.The choice was clear. Europe must save its steel.We owe it to our history. Europe began with steel.We owe it to steel and metal workers.We owe it to our entire economy.This plan was drawn up with…
Amazon has unveiled its new carbon credit service, part of a broader initiative through its Sustainability Exchange platform, aiming to help partner companies accelerate their decarbonization efforts. The announcement was made on March 19, 2025, and already, six companies, including Flickr, have signed up for this innovative service that aligns with Amazon’s ambition to achieve net-zero carbon emissions.The launch of this service reflects a growing urgency among firms to address the looming threat of climate change while balancing their operational demands and sustainability objectives. In its communication, Amazon highlighted the role of high-quality carbon credits in funding essential reduction actions…
Author: Lin Bo-yu Announcement March 20, 2025 Amazon launches a carbon credit service for qualified companies. (Photo: iStock) Amazon, the retail giant in the U.S., announced the launch of its carbon credit service through its Sustainability Exchange platform on March 19. This service aims to help its supply chain partners achieve decarbonization. Six companies, including cloud-based image storage platform Flickr, have already joined the service, responding to Amazon’s goal of reaching net-zero carbon emissions. Amazon helps suppliers buy high-quality carbon credits Amazon emphasized that high-quality carbon credits provide funding for reduction actions, help decrease greenhouse gases in the atmosphere and are…
Image source: Getty Images We don’t always know which Berkshire Hathaway (NYSE:BRK.B) moves are down to Warren Buffett specifically. But it’s fairly clear the recent investments in Japanese trading houses are. Investors like me, however, don’t have the ability to match Buffett’s Japanese deals. But I’m looking to follow a similar principle when it comes to my own portfolio. Berkshire’s Japanese investments Since 2019, Berkshire Hathaway has been buying shares in each of Japan’s five major trading houses. And it has recently received permission to increase its stake in each to above 10%. This, however, isn’t the most interesting part…
Federal Reserve Chairman Jerome Powell pauses while delivering remarks at a news conference following a Federal Open Market Committee (FOMC) meeting at the Federal Reserve on March 19, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesFederal Reserve officials slashed their economic outlook in the latest projections released Wednesday, seeing the U.S. economy growing at a pace lower than 2%.The rate-setting Federal Open Market Committee downgraded its collective outlook for economic growth to 1.7%, down from the last projection of 2.1% in December. In the meantime, officials hiked their inflation outlook, seeing core prices growing at a 2.8% annual pace, up…
Last update: March 19, 2025 EU Industry Commissioner Stéphane Séjourné (European Union) The EU Commission’s steel and metals action plan promises European industry rapid protection against cheap imports. There is criticism of the measures on energy prices.The EU Commission wants to adapt the “steel safeguards” on April 1, which are intended to protect the European steel industry from cheap imports from Asia. This was announced by Commission Vice-President Stéphane Séjourné on Wednesday at an initial presentation of the Commission’s steel and metals action plan. The steel safeguards will be tightened to maintain effectiveness and take account of recent market developments,…
Image source: Getty Images International Consolidated Airlines’ (LSE: IAG) share price has dropped 20% from its 7 February one-year traded high of £3.68. This might indicate that a business is worth less than it was before. Or it could result from market speculation over the short-, medium, or long-term outlook for a company. As a long-term investor I am not particularly concerned about shorter-term market worries. My key investment concern for a growth stock is whether there is substantial value in it over time. I did a deep dive into the numbers behind the British Airways-owner’s business to see if…
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Image source: Getty Images The FTSE 250 investment manager formerly known as abrdn has not only added a few more vowels to its name recently. The newly-renamed aberdeen group (LSE: ABDN) has also turned a 2023 £6m IFRS loss before tax into a 2024 £251m profit. According to the 4 March results, this included an adjusted operating profit of £255m against last year’s £249m. It also incorporated a £92m gain on the sale of its European private equity business and a 34% drop in restructuring expenses to £100m. This restructuring focuses on cutting costs (mainly in middle management) and improving…