Focus on Business
BMO becomes first Canadian bank to withdraw from Net-Zero Banking Alliance
BMO becomes the first Canadian bank to exit the NZBA, following similar moves by major U.S. lenders under political pressure.
US clean energy tax subsidies to cost $825 billion over 10 years, CBO says
U.S. clean energy subsidies under Biden's Inflation Reduction Act to raise deficits by $825B over the next decade, CBO says.
Carmakers at India auto show unveil charging network plans, new EVs
India’s auto giants Maruti, Tata, and Hyundai unveiled plans at the New Delhi Auto Show to expand EV charging networks nationwide.
Federal Reserve withdraws from global regulatory climate change group
The Federal Reserve exits global climate risk group NGFS, citing its scope as beyond the Fed's statutory mandate.
Portugal keen to create offshore wind cluster, could reach 10 gigawatts
Portugal advances offshore wind plans with a 10 GW goal, approving four ocean zones for upcoming renewable energy auctions.
Biden protects 84% of IRA clean energy grants from being clawed back
Biden secures 84 per cent of $96.7B in clean energy grants under the IRA, shielding funds from Trump's planned clawbacks.
Procter & Gamble accused of ‘greenwashing’ in Charmin toilet paper, lawsuit says
Procter & Gamble faces lawsuit over alleged greenwashing in Charmin toilet paper sourcing from Canada's boreal forest.
SLB says its Russia business aligns with new US sanctions as revenue drops
SLB said its current business in Russia still aligns with new U.S. sanctions on Russia, but that revenue in the country was declining.
Vistra’s battery storage facility goes up in flames, spurs evacuation orders
Flames engulf Vistra’s Moss Landing battery storage site near San Francisco, emitting toxic fumes as officials let it burn.
Indonesia plans to offer carbon credit certificates to foreign buyers next week
Indonesia to launch carbon credits for global buyers on Jan. 20, aiming to boost funds for 2050 net-zero targets.
