Bloomberg The cost of pollution in the European Union exceeded 50 euros ($60) per metric ton for the first time in the market underpinning the region’s energy transition. Carbon’s run of records in the past year has mirrored the EU’s resolve to ramp up its climate ambition. The bloc’s cap and trade system is a key tool to enact its …

Bloomberg Peabody Energy Corp, the biggest US coal producer, named James Grech to be its next chief executive officer as the industry faces a long-term decline in demand for the fuel. Grech, the CEO of the Utah-based coal company Wolverine Fuels, will take over at Peabody from June 1, according to a statement. Peabody said in March that its current …

Bloomberg BP Plc set out to win back shareholders after a difficult year, saying it will begin share buybacks after “exceptional” natural gas trading buoyed earnings. The gesture is aimed at investors who have shown little love for the company since it cut its dividend by half last year. After lagging its European peers for much of 2020, BP re-jigged …