EU labelling for sustainable investment funds on back burner for now
European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo/File Photo Acquire...
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EU backs fund focused on cutting energy wastage
European Union flags fly outside the European Commission in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - A private fund that plans to build power projects on sites such as hospitals and data centres to reduce energy wastage has secured backing from the European Union's investment arm.The European Investment Fund (EIF) said it had invested 125 million euros in the 'Green Energy Solutions Fund', which is run by Sustainable Development Capital (SDCL).The investment helped the fund hit its fundraising target of 650 million...
World Bank poised to host climate loss and damage fund, despite concerns
Local resident Tarusila Boseiwaqa walks along a sea wall that no longer protects homes from the intrusion of water at higher tides, as a rainbow forms over Serua Village, Fiji, July 14, 2022. REUTERS/Loren Elliott/File Photo Acquire Licensing RightsNov 4 - Countries moved a step closer on Saturday to getting a fund off the ground to help poor states damaged by climate disasters, despite reservations from developing nations and the United States.The deal to create a "loss and damage" fund was hailed as a breakthrough for developing country negotiators at...
Jury in FTX founder Sam Bankman-Fried’s fraud trial begins deliberations
NEW YORK, Nov 2 (Reuters) - The jury in Sam Bankman-Fried's fraud trial began deliberations on Thursday following a monthlong trial in which prosecutors accused the FTX cryptocurrency exchange founder of stealing billions of dollars of customer funds.Bankman-Fried is poised to learn his fate in Manhattan federal court nearly a year after FTX declared bankruptcy as its customers raced to withdraw their funds in a collapse that shocked cryptocurrency markets and obliterated the 31-year-old's fortune, once estimated by Forbes at $26 billion.Bankman-Fried has pleaded not guilty to two counts of...
Republican-led US states appeal ruling allowing Biden ESG investing rule
The U.S. Capitol dome is seen from the Russell Senate Office Building on Capitol Hill in Washington, U.S., April 19, 2023. REUTERS/Sarah Silbiger/File Photo Acquire Licensing RightsOct 26 (Reuters) - A group of Republican-led U.S. states on Thursday said they would appeal a Texas-based federal judge's decision rejecting their challenge to a rule from President Joe Biden's administration allowing employee retirement plans to consider environmental, social and governance (ESG) issues in investment decisions.The 26 states, led by Texas and Utah, filed a notice of appeal in federal court in Amarillo....
EU lawmakers push to weaken corporate sustainability disclosure
European Commissioner for Financial Stability, Financial Services and the Capital Markets Union, Mairead McGuinness speaks during the press conference on...
EU watchdog piles pressure on banks to better quantify climate risks
LONDON, Oct 12 (Reuters) - Banks may not be fully reflecting risks from climate change in their capital buffers and...
EU gives nod to “world’s first” green bond standards
European flags fly outside the European Commission headquarters in Brussels, Belgium September 20, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON,...
Banks behind 70% jump in greenwashing incidents in 2023 -report
A view shows skyscraper office properties at La Defense business and financial district near Paris, France, June 26, 2023. REUTERS/Stephanie...
EU watchdog monitors surge of cash going into biodiversity funds
European flags fly outside the European Commission headquarters in Brussels, Belgium March 13, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON,...
