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Today: March 18, 2025
Today: March 18, 2025
Virginia Furness

Virginia Furness

Staff Writer

Latest From Virginia Furness

Business|Economy|Environment|Finance|Political

Bank climate coalition seeks to overhaul rules, chair says

The world's leading climate coalition for the banking sector is canvassing members over changes to its rules, its chair told Reuters, following

Bank climate coalition seeks to overhaul rules, chair says
Africa|Asia|Economy|Environment|Political|World

BRICS' climate leadership aims hang on healing deep divides

Ambitions by the BRICS group to take on a greater climate leadership role, building on success last month at United Nations nature talks, depend on the countries

BRICS' climate leadership aims hang on healing deep divides
Environment|Europe|Political|US|World

United States quits board of UN climate damage fund, letter shows

The United States has withdrawn from the board of the U.N.'s hard-negotiated climate damage fund, dedicated to helping poor and vulnerable

United States quits board of UN climate damage fund, letter shows
Business|Economy|Environment|Europe|Political

EU green finance row-back sets climate investment challenge

A move by the European Commission to pare back its flagship sustainability reporting rules risks making it harder for investors to

EU green finance row-back sets climate investment challenge
Business|Economy|Environment|Political|World

Countries make fresh attempt at $200 billion nature finance deal

Countries gather in Rome this week for a second crack at figuring out how to generate $200 billion a year to help preserve the world's biodiversity - and give a

Countries make fresh attempt at $200 billion nature finance deal
Business|Economy|Environment|Europe|Political

EU to pare back sustainability rules for companies, draft shows

The European Commission plans to cut back the number of companies facing EU sustainability reporting requirements, as part of its drive

EU to pare back sustainability rules for companies, draft shows
Business|Economy|Environment|Europe|Finance

StanChart pledges to cut emissions linked to oil and gas bonds

Standard Chartered on Friday pledged to cut the emissions linked to the bonds it sells for oil and gas companies and will press ahead with its net-zero strategy,

StanChart pledges to cut emissions linked to oil and gas bonds
Business|Environment|Finance|Political|Stock Markets|US

US SEC will not defend climate rule in court

The acting chair of the U.S.

US SEC will not defend climate rule in court
Africa|Americas|Economy|Political|US|World

Trump's aid cuts imperil emerging market investment cash

The United States' decision to freeze and potentially scrap its core aid agency jolted countries receiving its funding and could make it harder

Trump's aid cuts imperil emerging market investment cash
Business|Economy|Environment|Europe|Finance

EU advisers propose plan to cut corporate green reporting by a third

A group of sustainable finance experts tasked with advising the European Union have proposed changes to the bloc's rules for classifying climate-friendly

Business|Economy|Environment|Europe|Finance|Political

Investors with 6 trillion euros warn EU not to weaken green rules

Investors with 6.6 trillion euros in assets under management have urged the European Union not to weaken its sustainability rules, as Brussels

Investors with 6 trillion euros warn EU not to weaken green rules
Business|Environment|Europe|Political

Auditors get tougher guidelines on judging firms' environmental claims

International auditors have been given new guidance on what to check when assessing firms' environmental, social and governance claims - and how

Auditors get tougher guidelines on judging firms' environmental claims
Business|Economy|Environment|Finance|Political

Climate shift to help boost StanChart income by almost $1 billion, CEO says

Standard Chartered is set to book almost $1 billion in income in 2025 from business geared towards helping clients meet

Climate shift to help boost StanChart income by almost $1 billion, CEO says
Business|Economy|Environment|Europe|Political|US|World

Trump's Paris climate exit will hit harder than in 2017

A second U.S. withdrawal from the world's primary climate pact will have a bigger impact - in the U.S. and globally - than the country's

Trump's Paris climate exit will hit harder than in 2017
Business|Economy|Environment|Europe|Finance|Political|US

Central banks' green push hits a hurdle as Fed drops out

A global effort by central banks to join the fight against climate change has hit a major hurdle with the U.S.

Central banks' green push hits a hurdle as Fed drops out
Business|Economy|Europe|Finance|News|Stock Markets

Biggest owner of UK stocks warns LSE against weaker listing rules

The biggest collective owners of UK shares have warned the London Stock Exchange against weakening its listing rules and governance

Biggest owner of UK stocks warns LSE against weaker listing rules
Business|Environment

Exclusive: Corporate climate watchdog document deems carbon offsets largely ineffective

Staff at an influential corporate climate action group whose board announced a plan to allow companies to offset greenhouse gas emissions from their supply chain

Exclusive: Corporate climate watchdog document deems carbon offsets largely ineffective
Finance

US House committee grills Carney, Schapiro in push against climate coalitions

A U.S. lawmakers' committee conducted interviews with two Glasgow Financial Alliance for Net Zero (GFANZ) leaders, former central bank governor Mark

US House committee grills Carney, Schapiro in push against climate coalitions
Environment|Europe|US

Right-wing shift may slow, not reverse climate action

A political tilt to the right in Europe and a potential Trump presidency in the U.S. will not derail climate efforts as

Right-wing shift may slow, not reverse climate action
Environment|Finance|News|World

More finance, policy ambition demanded at London climate week

The world's climate goal is hanging by a thread and countries need to dig deeper to provide the finance and set the policies

More finance, policy ambition demanded at London climate week
Business|Finance

Amazon sidesteps carbon offset standard Bezos helped fund

(This July 1 story has been corrected to show the companies' plans involved Abacus-certified or equivalent types of credits, not only Abacus-certified credits in paragraph 9) By Virginia Furness (

Amazon sidesteps carbon offset standard Bezos helped fund
Business|Economy|Finance

New UK government puts wealth fund at heart of investment push

Britain's new government took a first step on Tuesday to boost public and private investment and modernise the economy, placing a National

New UK government puts wealth fund at heart of investment push
Economy|Environment|Finance

Some G20 financial regulators overlooking risks linked to nature loss, watchdog says

Financial regulators and supervisors in some G20 countries are overlooking the risks posed by biodiversity loss and deforestation because of insufficient data,

Some G20 financial regulators overlooking risks linked to nature loss, watchdog says
Environment|News|Opinion|US

Anti-ESG backlash in US is overstated, JPMorgan exec says

The impact of a political backlash against environmental, social and governance-related (ESG) issues in the United States is overstated and having little bearing

Anti-ESG backlash in US is overstated, JPMorgan exec says
Economy|Environment|Europe|Finance

Multilateral development banks are stepping into climate breach- EBRD President

Multilateral development banks are putting much more focus on investments to tackle climate change, the president of the European Bank for

Multilateral development banks are stepping into climate breach- EBRD President

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