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Firms are ignoring financial risks of emissions, finds study

  Bloomberg Companies in industries with the biggest carbon footprints aren’t reporting how their emissions feed into financial risk, according to an analysis of corporate reports by the Carbon Tracker Initiative. The non-profit, which looked at 134 financial statements from last year in sectors spanning fossil fuels, mining, manufacturing, automotive and technology, found that almost all failed to consider the ...

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France to use power company windfalls to help struggling firms

  Bloomberg France plans to recoup part of windfall profits made by electricity producers to bolster aid to companies and local governments struggling to pay rising bills. The government will take any surplus made by power generators when they sell above 180 euros ($179) per megawatt-hour, as recently agreed at a European Union level, Finance Minister Bruno Le Maire said. ...

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BP ramps up offshore wind hiring

  Bloomberg BP Plc plans to triple its number of offshore wind-farm workers as it expands the business to reach its green goals. Scaling up wind power is key to the UK oil giant’s plans to produce more renewable energy in the coming years to hit net-zero emissions by the middle of the century. BP aims to next year reach ...

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