Exclusive-Assa Abloy considers selling Yale, Emtek brands to win U.S. approval for Spectrum deal -sources

By Svea Herbst-Bayliss and Emma-Victoria Farr NEW YORK/FRANKFURT - Assa Abloy (OTC:ASAZY) AB is considering options including selling its Yale and Emtek locks brands as it seeks to overturn U.S....

Analysis-Texas agency may keep BlackRock funds in test for new fossil fuel law

By Ross Kerber - The impact of a new "anti-woke" Texas law designed to protect fossil fuel companies is about to be tested after state agencies reported their holdings in BlackRock Inc (NYSE:BLK)...

India stocks lower at close of trade; Nifty 50 down 0.10%

Investing.com – India stocks were lower after the close on Friday, as losses in the Oil & Gas, Metals and IT sectors led shares lower. The best performers of the session on the Nifty 50 were Titan...

TikTok Parent ByteDance Lost Over $7 Billion in 2021 Despite 80% Revenue Growth

By Senad Karaahmetovic ByteDance, the parent company of the blockbuster social media app TikTok, reportedly witnessed an operating loss of $7.15 billion in 2021, up from $2.14 billion in...

Allies aim for risky Russian oil price cap as winter nears

WASHINGTON (AP) — U.S. officials celebrated in early September when top allies agreed to back an audacious, never-before-tried plan to clamp down on Vladimir Putin’s access to cash as he wages war...

EU countries approve energy windfall levies, turn to gas price cap

European Union countries agree to impose emergency levies on energy firms' windfall profits. Ministers from the 27 EU member countries met in Brussels on Friday. The package includes a levy on...

EU countries approve energy windfall levies, turn to gas price cap

European Union countries agree to impose emergency levies on energy firms' windfall profits. Ministers from the 27 EU member countries met in Brussels on Friday. The package includes a levy on...

EU set to adopt windfall levy, but no deal on gas price cap

BRUSSELS (AP) — European Union energy ministers were set Friday to adopt a package of measures including a windfall levy on profits by fossil fuel companies, but a deal on capping gas prices...

EU countries to back energy windfall levies, lock horns over gas price cap

By Kate Abnett and Gabriela Baczynska BRUSSELS - European Union countries meet on Friday to approve emergency levies on energy firms' windfall profits and launch talks on their next move to...

EU heads for deal on energy windfall levies, edges towards gas price caps

By Kate Abnett BRUSSELS -European Union countries are poised to approve a package of emergency measures including windfall profit levies on energy companies on Friday, at a meeting where states...

U.S. clean energy backers: permitting bill imperative in climate fight

By Timothy Gardner and Nichola Groom WASHINGTON/LOS ANGELES - Environmental groups and some fellow Democratic lawmakers had pilloried U.S. Senator Joe Manchin's bill to speed energy permitting as...

Fossil fuel recruiters banned from UK university careers service

Exclusive: Birkbeck, University of London, is first institution to blacklist firms ‘most responsible for destroying the planet’Fossil fuel companies have been banned from recruiting students...

Oil giant Shell is leading the way on this $4 trillion climate change solution some say won’t work

Fossil fuel companies are dominating carbon capture and storage technology that, despite investments from the Biden administration, has been criticized as a faulty approach to addressing carbon...

Emissions declarations by equity firm Carlyle under question

LONDON (AP) — At the start of 2022, the Carlyle Group, one of the world’s leading private equity firms, published a report on it financial risk from greenhouse gas emissions. The company said it...

Interview: New UN climate chief takes the fight personally

UNITED NATIONS (AP) — For the United Nations’ new climate chief, the fight is personal.As a former engineer who says he knows “how to make things work and get things done,” it wasn’t just what...

Gates Foundation prods UN, honors inspiration as Goalkeepers

NEW YORK (AP) — Bill Gates and Melinda French Gates combined characteristic optimism with sobering questions about persistent gender inequality and hunger at an event focused on reaching global...

UN secretary general calls for windfall tax on fossil fuel companies: 'Polluters must pay'

United Nations Secretary General António Guterres is urging the world's developed countries to tax the windfall profits of fossil fuel companies and redirect the money to "countries suffering loss...

'Polluters must pay': UN secretary general calls for global windfall tax on energy companies

UN secretary general António Guterres said it is 'high time to put fossil fuel producers, investors and enablers on notice' as he called for a global windfall tax to support countries struggling...

Denmark becomes first to offer 'loss and damage' climate funding

By Valerie Volcovici - Denmark on Tuesday pledged over $13 million (100 million Danish crowns) to support developing nations that have experienced losses caused by climate disruptions, becoming...

‘Polluters must pay’: UN chief calls for windfall tax on fossil fuel companies

António Guterres said money raised should be diverted to vulnerable nations suffering losses caused by climate crisisCountries should impose windfall taxes on fossil fuel companies and divert the...

U.S. senators want secondary sanctions on Russian oil

By Patricia Zengerle WASHINGTON - Democratic and Republican senators urged U.S. President Joe Biden's administration on Tuesday to impose secondary sanctions on international banks to strengthen...

Colombia's Petro calls on Latin America to unite against war on drugs

- Colombian President Gustavo Petro called on Latin American countries to join forces to end the war on drugs during a speech to the United Nations General Assembly in New York on Tuesday. Petro,...

UN secretary general says 'polluters must pay,' calls for extra tax on fossil fuel profits

Antonio Guterres says fossil fuel industry is "feasting on hundreds of billions of dollars in subsidies and windfall profits" While household budgets shrink and our planet burns, he says. Guterre:...

Polluters must pay, says UN chief, urges taxes to help climate victims

By Michelle Nichols UNITED NATIONS - U.N. chief Antonio Guterres on Tuesday urged rich countries to tax windfall profits of fossil fuel companies and use that money to help countries harmed by...

UN chief urges rich nations to address climate injustice

Rich energy companies should be forced to fork over some windfall profits to aid victims of climate change and offset rising fuel and food costs, the United Nations Secretary-General told world...

House Oversight Committee publishes internal energy company documents

U.S. lawmakers are looking into how truthful the largest oil companies are being about their commitment to climate change. The House Committee on Oversight and Reform published hundreds of pages...

EU expects to raise €140bn from windfall tax on energy firms

Fossil fuel extractors will be asked to hand back 33% of taxable surplus profits to ‘cushion blow’ of crisisThe EU expects to raise €140bn from windfall taxes on fossil fuel companies to “cushion...

Oil industry's ad firms shun U.S. hearing on climate disinformation

By Valerie Volcovici WASHINGTON - Public relations firms declined to attend a Wednesday hearing set by U.S. Democrats about whether they helped the fossil fuel industry spread disinformation...

EU proposes profits from energy firms should go 'to those who need it most'

The president of the European Commission, Ursula von der Leyen, is proposing to recoup money from energy companies profiting from the limited gas supply after sanctions against Russia. The EU said...

EU Scraps Price Cap On Russian Natural Gas

EU Scraps Price Cap On Russian Natural Gas Authored by Tsvetana Paraskova via OilPrice.com, The European Commission is walking away from the idea of proposing a price cap on Russian...

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