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Author: Bloomberg
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EU Parliament Votes to Cut ESG Regulations Amid US Pressure
The European Parliament has voted to dramatically wind back the bloc’s ESG rules following intense pressure from US business associations and state attorneys general. The development means that more than 90% of companies originally in scope of environmental, social and governance reporting requirements will no longer need to comply. Other planks of the rulebook that emerged...
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NY and NJ Grant Key Permits for Controversial Williams Pipeline
New York and New Jersey granted crucial permits for a long-stalled Williams Cos. pipeline project that would bring more natural gas to the New York City area from Pennsylvania. Environmental regulators in both states approved certifications under the federal Clean Water Act for the company’s Northeast Supply Enhancement Project. It would expand an existing system delivering gas...
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RFK Jr. Orders CDC to Study Alleged Harms of Offshore Wind Farms
Health and Human Services Secretary Robert F. Kennedy Jr. directed Centers for Disease Control and Prevention staff to probe the potential harms of offshore wind farms, according to people familiar with the matter, as President Donald Trump marshals his administration to thwart the clean energy source he loathes. In late summer, HHS instructed CDC’s National Institute for...
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Why the World Is Divided on a Plastic Pollution Treaty
Almost every week seems to bring a new report that plastic is even worse than had been thought for both human and planetary health. This week, it’s a paper in the Lancet that warns of a “grave, growing” danger from the rising tide of the material, and puts its health-related economic costs at more than $1.5 trillion a...
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HSBC Sees 19% Jump in Sustainable Finance to $54 Billion
HSBC Holdings Plc said it did $54.1 billion in deals it categorized as sustainable finance in the first half of 2025, marking a 19% increase from the same period a year ago by Europe’s biggest bank. The dealmaking, announced in connection with HSBC’s interim results on Wednesday, means the bank has now provided $447.7 billion in sustainable finance since the...
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Why Buying Thrifted Clothes Is Getting More Appealing
Shoppers around the world are quickly adding more used shoes, accessories and clothes to their closets. Last year, they spent $227 billion on secondhand apparel, accounting for nearly 10% of all global spending on clothes, according to a new report from online resale marketplace ThredUp Inc. The trend is set to accelerate, particularly in the US...
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Solar Stocks Plunge as Senate Bill Ends Key Tax Credits Early
Shares of US solar companies fell sharply after Senate Republicans released a bill that would end clean energy tax credits earlier than expected, dashing hopes that major cuts passed by the House wouldn’t stick. Sunrun Inc., the largest US rooftop panel installer, plunged as much as 38%. SolarEdge Technologies Inc. fell 31%. Enphase Energy Incslid 21%. The new...
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NuScale Wins US Approval for Small Nuclear Reactor Design
NuScale Power Corp., the only company with US approval for a small nuclear reactor, has now won regulatory support for a second design that may go into service by the end of the decade. The US Nuclear Regulatory Commission formally authorized the company’s 77-megawatt reactor design, according to a statementThursday. NuScale won similar approval in 2020 for a...
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EU to Propose New Climate Goal With Greater Flexibility in July
The European Union is set to offer greater flexibility in July over achieving its emissions-reduction target for the next decade, as the bloc seeks to bolster flagging support for its ambitious climate plans. The European Commission, the EU’s executive arm, told member states it’s considering publishing a measure to set an interim climate goal for...