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☆ Sam Bankman-Fried's lawyers avoid challenges to 'cartoon' villain image
▼ + stars: | 2023-10-23 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +5 min

Defense lawyers will have a chance to put forward a competing narrative when they present their case, beginning as soon as Thursday. A STRATEGIC CHOICEAllowing specific unfavorable accounts by prosecution witnesses to go unchallenged on cross-examination could be a strategic choice by the defense, according to experts. During opening statements, Cohen told jurors of the prosecutors: "They'd have you think he was quite the villain, or, more precisely, almost a cartoon of a villain. "It was pretty humiliating," said Singh, who has pleaded guilty to fraud charges. Ellison, who has also pleaded guilty to fraud, said Bankman-Fried told her that his signature sloppy dress and wild mop of curly locks was an "important part of FTX's image."

Persons: Sam Bankman, Andrew Kelly, Fried, Bankman, doesn't, Jordan Estes, Kramer Levin, Mark Cohen, Cohen, Rachel Maimin, Lowenstein Sandler, Sam, gooder, Nishad Singh, Singh, Caroline Ellison, Alameda's, Ellison, Luc Cohen, Will Dunham, Amy Stevens Organizations: FTX, Manhattan, REUTERS, Alameda Research, Thomson Locations: New York City, U.S, Manhattan, Washington, Alameda, New York

Senator Bob Menendez is set to enter a plea on Monday to a new indictment charging him with conspiring to act as an unregistered foreign agent for the Egyptian government. In an Oct. 12 statement, Menendez said "piling new charge upon new charge does not make the allegations true." Nadine Menendez and one of the businessmen, Wael Hana, pleaded not guilty to the foreign agent charge on Oct. 18. Under the Foreign Agents Registration Act, individuals must register with the department if they act as "an agent of a foreign principle." In return, the businessman put Nadine Menendez on the payroll of a company he controlled, prosecutors said.

Persons: Bob Menendez, Craig Hudson, Menendez, Sidney Stein, Nadine Menendez, Wael Hana, Hana, Luc Cohen, Noeleen Walder, Jonathan Oatis Organizations: Democratic, Capitol, REUTERS, New, New Jersey Democrat, Senate Foreign Relations, Foreign, Prosecutors, Thomson Locations: Washington , U.S, New Jersey, Jersey, New York

☆ Judge raises possibility of imprisonment for Trump for violating gag order, NBC reports
▼ + stars: | 2023-10-20 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +4 min

"Despite this order, last night I learned the offending post was never removed from a website. This is a blatant violation of the gag order. The trial could lead to the dismantling of Trump's business empire as he seeks to regain the presidency in 2024. The frontrunner for the 2024 Republican nomination for the presidency was also hit with a partial gag order in a federal criminal case accusing him of trying to overturn his 2020 election loss. U.S. District Judge Tanya Chutkan in Washington on Monday barred him from verbally attacking U.S. prosecutors, court staff and potential witnesses, pointing to disparaging social media posts.

Persons: Donald Trump, Brendan McDermid, Donald Trump's, Trump, Arthur Engoron, Engoron, Letitia James, Christopher Kise, Chuck Schumer, Kise, James, Donald Jr, Eric, Tanya Chutkan, Chutkan, Kanishka Singh, Luc Cohen, Chizu Nomiyama, Jonathan Oatis Organizations: U.S, REUTERS, NBC News, Trump, Trump Organization, Thomson Locations: Manhattan, New York, U.S, Washington

☆ Judge raises possibility of imprisonment for Trump for violating gag order -NBC News
▼ + stars: | 2023-10-20 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | Pm Utc | ) www.reuters.com time to read: +4 min

"Despite this order, last night I learned the offending post was never removed from a website. This is a blatant violation of the gag order. The frontrunner for the 2024 Republican nomination for the presidency was also hit with a partial gag order in a federal criminal case accusing him of trying to overturn his 2020 election loss. U.S. District Judge Tanya Chutkan in Washington on Monday barred him from verbally attacking U.S. prosecutors, court staff and potential witnesses, pointing to disparaging social media posts. Trump plans to appeal that order.

☆ Tesla gets US assist in lawsuit challenging Louisiana direct-sales ban
▼ + stars: | 2023-10-20 | by ( Mike Scarcella | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +3 min

Tesla is suing the Louisiana Automobile Dealers Association, members of the Louisiana Motor Vehicle Commission and a group of dealers. The Justice Department and lawyers for Tesla said U.S. civil antitrust law does not require a showing of intent. Adding that requirement would "improperly" restrict antitrust law, Justice Department lawyers told the appeals court. Tesla countered in the appeal that Louisiana car dealers had "agreed with one another to harass Tesla with baseless investigations and drive it out of the state." The case is Tesla v. Louisiana Automobile Dealers Association et al, 5th U.S.

Persons: Tyrone Siu, Tesla, Elon Musk, Sarah Vance, Vance, Ari Holtzblatt, Wilmer Cutler Pickering Hale, Dorr, Mark Beebe, Adams, Reese, Paul Clement of Clement, Murphy, Matthew Mandelberg, Read, Mike Scarcella Organizations: Tesla, REUTERS, Tyrone, U.S . Justice, Louisiana Automobile Dealers Association, Louisiana Motor Vehicle Commission, Department, Circuit, Appeals, Justice Department, Louisiana Legislature, Louisiana Automobile Dealers, 5th U.S, Reese For Louisiana Automobile Dealers, Thomson Locations: Taipei, Taiwan, New Orleans, U.S, Louisiana, Michigan, 5th, States

☆ Judge temporarily lifts Trump gag order in federal 2020 election case
▼ + stars: | 2023-10-20 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +2 min

Republican presidential candidate and former U.S. President Donald Trump delivers a speech during a campaign rally in Wolfeboro, New Hampshire, U.S., October 9, 2023. REUTERS/Brian Snyder/File Photo Acquire Licensing RightsWASHINGTON, Oct 20 (Reuters) - A U.S. judge on Friday temporarily lifted a partial gag order she had imposed limiting Donald Trump's public statements about the federal criminal case in which the former president is accusing of illegally attempting to undo his 2020 election loss. Lawyers for Trump on Friday asked Chutkan to lift the restrictions while he asks a U.S. appeals court to strike down an order by the judge that they called "breathtakingly overbroad." Chutkan on Monday barred Trump from making public statements that "target" Special Counsel Jack Smith, who is prosecuting the case, and members of his staff. The order also prohibits Trump from making comments disparaging court staff and potential witnesses in the case.

Persons: Donald Trump, Brian Snyder, Donald Trump's, Tanya Chutkan, Chutkan, Jack Smith, Trump, Smith, General Merrick Garland, Democrat Joe Biden, Andrew Goudsward, Kanishka Singh, Will Dunham Organizations: REUTERS, Rights, Trump, New, Democrat, Thomson Locations: Wolfeboro , New Hampshire, U.S, New York, Washington

Chesebro pleaded guilty in a Fulton County court to conspiracy to commit filing of false documents, one day after another former lawyer for Trump, Sidney Powell, also pleaded guilty in the case that had been scheduled to begin on Monday. The plea agreements mean that the first scheduled trial in the case, which was set to give Trump and other co-defendants a preview of the state’s case, will not happen. The Georgia case is one of four state or federal criminal cases that Trump is facing and one of two specifically focused on his attempts to overturn his election defeat. Trump, the frontrunner for the 2024 Republican presidential nomination, has pleaded not guilty and continues to falsely claim his loss was the result of fraud. Reporting by Andrew Goudsward and Doina Chiacu; writing by Susan Heavey; Editing by Doina ChiacuOur Standards: The Thomson Reuters Trust Principles.

Persons: Donald Trump, Kenneth Chesebro, mugshot, Donald Trump's, Chesebro, Sidney Powell, Trump, Andrew Goudsward, Susan Heavey, Doina Organizations: U.S, Sheriff's, Trump, Thomson Locations: Fulton, U.S, Georgia, Fulton County

Former U.S. President Donald Trump delivers remarks after exiting the courtroom as he attends his Manhattan courthouse trial in a civil fraud case in New York, U.S., October 18, 2023. Future violations by Trump could be punished by steeper fines and possible imprisonment, Justice Arthur Engoron said in an order. Engoron said in the order that a social media post by Trump attacking the judge's clerk - which was deleted from the former president's Truth Social platform - had remained visible on his campaign website two weeks after he had ordered it taken down. Trump at times has appeared in person at the ongoing trial, attacking James and Engoron in inflammatory remarks to reporters outside of the courtroom. Trump, who has sought to portray the case as intended to hurt him politically, has denied wrongdoing and defended his asset valuations.

Persons: Donald Trump, Brendan McDermid, Arthur Engoron, Engoron, Trump, Joe Biden, Letitia James, Chuck Schumer, James, James accused Trump, Jasper Ward, Jack Queen, Costas Pitas, Will Dunham, Noeleen Organizations: U.S, REUTERS, Trump, Republican, Democratic, Thomson Locations: Manhattan, New York, U.S, Washington

☆ Eli Lilly sues online pharmacies to ban US imports of fake Mounjaro
▼ + stars: | 2023-10-19 | by ( Patrick Wingrove | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

Eli Lilly logo is shown on one of the company's offices in San Diego, California, U.S., September 17, 2020. Lilly is accusing the online pharmacies of infringing its trademark for Mounjaro, falsely associating themselves with Lilly and approved tirzepatide, and making false or misleading statements in their advertisements related to tirzepatide. “The unapproved drug products are dangerous research chemicals that are not approved for human consumption and have no connection to Eli Lilly or Mounjaro,” Lilly said in its lawsuit. Lilly is the only company with U.S. Food and Drug Administration approval to sell tirzepatide products. The suit comes exactly one month after Eli Lilly sued 10 U.S. medical spas, wellness centers and compounding pharmacies at federal courts in Arizona, Florida, Georgia, Minnesota, South Carolina and Utah for selling products claiming to contain tirzepatide.

Persons: Eli Lilly, Mike Blake, drugmaker, Britain’s Biolabshop, Audrey Beauty, Lilly, Mounjaro, ” Lilly, Patrick Wingrove, Bill Berkrot Organizations: REUTERS, U.S . International Trade Commission, Labs, Mew Mews Company, ITC, Federal Register, U.S . Food, Drug Administration, FDA, Thomson Locations: San Diego , California, U.S, Indianapolis, Poland, Arizona , Florida, Georgia, Minnesota, South Carolina, Utah, Nordisk’s

☆ Judge bars Trump from 'smear campaign' against prosecutors, witnesses
▼ + stars: | 2023-10-17 | by ( Andrew Goudsward | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +3 min

Speaking at a campaign rally in Iowa on Monday, Trump called the judge's order "unconstitutional" and vowed to appeal it. "I'll be the only politician in history that runs with a gag order where I'm not allowed to criticize people," Trump told supporters. The order bars Trump, frontrunner for the 2024 Republican presidential nomination, and attorneys in the case from personally targeting Special Counsel Jack Smith, prosecutors working with him and court staff. Prosecutors sought a limited gag order that would bar certain statements from Trump during the case. The judge said she would allow Trump to make critical statements about the U.S. Justice Department and that denounce the prosecution as politically motivated.

Persons: Donald Trump, Tanya Chutkan, I’m, Chutkan, Trump, Jack Smith, Democrat Joe Biden, Shannon Stapleton, Smith, ”, Mark Milley, ” Chutkan, “, ” Trump, John Lauro, Prosecutors, Lauro, Molly Gaston, Andrew Goudsward, Nathan Layne, Scott Malone, Howard Goller Organizations: U.S, Trump, Democrat, Former U.S, Republican, REUTERS, U.S . Justice Department, Justice Department, Thomson Locations: Washington, Iowa, West Palm Beach , Florida, U.S

☆ US Senator Menendez's arraignment on new charges moved to Oct. 23 -judge
▼ + stars: | 2023-10-16 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +1 min

Senator Robert Menendez, Democrat of New Jersey, and his wife Nadine Menendez arrive at Federal Court for a hearing on bribery charges in connection with an alleged corrupt relationship with three New Jersey businessmen, in New York City, U.S., September 27, 2023. REUTERS/Brendan... Acquire Licensing Rights Read moreWASHINGTON, Oct 16 (Reuters) - U.S. Senator Bob Menendez's arraignment on new charges that he conspired to act as a foreign agent for Egypt has been rescheduled for Oct. 23, a federal judge in New York said on Monday. Menendez was charged with Foreign Agents Registration Act violations, along with his wife and other codefendants, in federal court in New York on Oct. 12. Reporting by Jasper Ward in Washington Editing by Doina Chiacu and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Robert Menendez, Nadine Menendez, Brendan, Bob Menendez's, Menendez, Sidney Stein, Jasper Ward, Doina Chiacu, Matthew Lewis Organizations: Democrat, Federal Court, REUTERS, New, New Jersey Democrat, Thomson Locations: New Jersey, Jersey, New York City, U.S, WASHINGTON, Egypt, New York, Washington

☆ Q&A With the Sustainability Chief of Oilfield-Services Firm SLB
▼ + stars: | 2023-10-05 | by ( Rochelle Toplensky | ) www.wsj.com time to read: +9 min

The German native joined SLB, formerly known as Schlumberger , in 2021 as its chief strategy and sustainability officer. Katharina Beumelburg, chief strategy and sustainability officer of SLB. Beumelburg: This push toward lowering carbon emissions in the oil-and-gas industry is a major change. The other side is our transition technology portfolio that focuses on bringing the carbon emissions at our customers down. Carbon capture and storage is the obvious short-term solution to reduce carbon emissions, one where the technology is ready, where we know what to do.

Persons: Katharina Beumelburg, SLB, Beumelburg, SLB Beumelburg, Johan Rockström, Rochelle Toplensky Organizations: Sustainability, Siemens, SLB, Schlumberger, Pro, WSJ, Potsdam Institute, Business, Microsoft, Saudi Aramco, Linde, Rochelle, rochelle.toplensky@wsj.com Locations: Greenland, Paris, Texas, Europe, Australia, Japan, South Korea, Davos

☆ Who is Sam Bankman-Fried, the onetime crypto mogul set to testify in his own defense?
▼ + stars: | 2023-09-27 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +6 min

NEW YORK, Oct 26 (Reuters) - A few years after graduating from college, Sam Bankman-Fried grew worried he was not taking enough risks. Two years after launching a hedge fund, Alameda Research, Bankman-Fried founded FTX, an exchange that let users buy and sell digital assets such as bitcoin. Based in the Bahamas, Bankman-Fried became known for his mop of unkempt curly hair and for wearing rumpled shorts, even when entertaining dignitaries like Bill Clinton. They contend the theft came to a head in 2022, when crypto prices swooned and he used FTX funds to plug losses at Alameda. Defense lawyers have argued that their cooperation agreements with prosecutors encourage them to implicate Bankman-Fried in the hopes of receiving lenient sentences.

Persons: Sam Bankman, Fried, Bill Clinton, Tom Brady, Larry David, FTX, Caroline Ellison, Alameda's, Forbes, Bankman, Jane Street, Gary Wang, Ellison, Nishad Singh, Wang, Singh, District Judge Lewis Kaplan, FTX's, influencer, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: Stanford Law School, Alameda Research, Forbes, Democratic, NFL, Alameda, Massachusetts Institute of Technology, Bankman, Prison, MIT, Jane, U.S, District, New York Times, Times, Thomson Locations: Bahamas, Manhattan, Alameda, United States, Asia, New York

☆ More Companies Are Disclosing Their ESG Data, but Confusion on How Persists
▼ + stars: | 2023-09-21 | by ( David Breg | ) www.wsj.com time to read: +6 min

The proportion of companies disclosing sustainability and ESG information was 63%, up from 56% last year. Breaking that down, a quarter of private companies don’t plan any ESG reporting, while only 7% of public companies felt the same. Six percent said they don’t yet report, but plan to, while another 7% don’t plan to. The picture looks quite different for private companies: 45% don’t report ESG information and more than half of those don’t plan to. The sustainability information respondents were most likely to publish was for employee diversity, equity and inclusion, at 47%.

Persons: Thomas R, ”, Maria Ghazal, David Breg Organizations: Street Journal, Regulators, U.S . Securities, Exchange, Sustainability, Board, Business, Nations, Global Reporting, Task Force, Business Roundtable’s, david.breg@wsj.com Locations: U.S

☆ Companies Might Be Forced to Report Their Impact on Nature. A New Framework Aims to Help.
▼ + stars: | 2023-09-19 | by ( Joshua Kirby | ) www.wsj.com time to read: +6 min

New nature-reporting recommendations aim to help companies assess their impact on and risks from the world’s natural systems. This is despite growing awareness of the catastrophic effects of biodiversity loss, Capgemini said in a report, based on a survey of executives of large organizations from major economies. The TNFD recommendations are currently voluntary, but come as regulation tightens around degradation of the natural world. Separately, in the EU, many companies are already facing obligations to report their impact on nature under the bloc’s Corporate Sustainability Reporting Directive. “We recognize that nature loss poses both risks and opportunities for business, now and in the future,” said Jennifer Motles, PMI’s chief sustainability officer.

Persons: ”, Elizabeth Mrema, David Craig, TNFD’s, “, Capgemini, Aurélie, Philip Morris, Jennifer Motles, laurent gillieron, Gillon, Gucci, Zoe Balmforth, ” Balmforth, Joshua Kirby, joshua.kirby@wsj.com Organizations: Sustainable Business, United Nations, Force, Economic, World Bank, EU, Philip Morris International, European Union, Unilever Locations: “, France, Montreal, Canada, Switzerland, ”

☆ Leaked Recording of U.A.E. Officials Reveals the Nation’s Concern Over Its Public Image
▼ + stars: | 2023-09-01 | by ( Hiroko Tabuchi | More About Hiroko Tabuchi | ) www.nytimes.com time to read: +1 min

When the United Arab Emirates hosts this year’s United Nations climate summit, it will elevate the Gulf nation’s global profile. But the conference is also inviting scrutiny of the Emirates’ record on human rights as well as its position as a leading oil producer. A leaked recording of a February meeting between representatives from the United Arab Emirates and summit organizers provides a candid look at their efforts to respond to the criticism. It also highlights the authoritarian state’s focus on its image, managed through contracts with public relations companies, lobbyists and social media specialists around the world. The Times verified the recording with the person who made it, who asked to remain anonymous out of concerns about retaliation.

Organizations: United Arab Emirates, Emirates, United Arab, Centre, Climate, The New York Times, Times Locations: United Nations, United Arab Emirates, London

☆ How Donald Trump’s trial dates overlap with his 2024 election campaign
▼ + stars: | 2023-08-31 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +3 min

Republican presidential candidate and former U.S. President Donald Trump speaks as he campaigns at the Iowa State Fair in Des Moines, Iowa, U.S. August 12, 2023. A trial date for Trump and the other defendants in this case has not yet been set. FEB. 24, 2024South Carolina Republican presidential primary. MARCH 4, 2024Trial starts in the federal criminal case in Washington that charges Trump with illegally trying to reverse his 2020 election loss. MARCH 5, 2024"Super Tuesday," in which 14 state presidential primaries take place.

Persons: Donald Trump, Evelyn Hockstein, Trump, Democrat Joe Biden, Letitia James, James, Trump's, Kenneth Chesebro, E, Jean Carroll, Carroll, JAN, Fani Willis, Andy Sullivan, Deepa Babington, Jonathan Oatis, Grant McCool Organizations: Fair, REUTERS, U.S, Republican, Democrat, Trump, Nevada Republican, South Carolina Republican, National Convention, Thomson Locations: Iowa, Des Moines , Iowa, U.S, Georgia, Manhattan, New York, Iowa . New Hampshire, Nevada, Washington, Fulton County, New York City, Miami

Climate change coverage has progressed leaps and bounds in recent years. Newsrooms have become far more cognizant about tying extreme weather events, like flash flooding and heat waves, to the larger trend. More alarmingly, perhaps, of the only eight segments that mentioned climate change during this particular window on television, all of them came from CNN and MSNBC. ABC News, CBS News, and NBC News did not tie the fires to climate change in any of the 35 segments that aired. “The best climate coverage pairs human stories with the stories in the data and science.

Persons: ”, Mark Hertsgaard, Hertsgaard isn’t, ” Hertsgaard, Michael Mann, Donald Trump, Max Boykoff, Boykoff, “, Peter Girard, ” Girard Organizations: CNN, Media, MSNBC, Media Matters, ABC News, CBS News, NBC News, Department of Earth, University of Pennsylvania, University of Colorado, Trump, Climate Locations: United States, Maui, University of Colorado Boulder

☆ Check out the pitch deck that Measurabl, a real estate startup that boasts Major League Baseball as a client, used to raise $93 million during a proptech fundraising drought
▼ + stars: | 2023-08-07 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

Regulators and investors are putting pressure on the real estate industry to go green. The most obvious end-users are commercial real estate owners, but Ellis says the revenue potential is far bigger than that. The company's fundraising comes as more policymakers seek to require landlords and real estate investors to reduce their carbon emissions. Capital hasn't been far behind, with leading proptech venture fund Fifth Wall raising a $500 million fund to decarbonize real estate. See the deck, minus confidential financial information, that Measurabl used to raise its monster $93 million round below.

Persons: Matt Ellis, Ellis, Bob Sulentic, CBRE's, CBRE, Measurabl, hasn't Organizations: Major League Baseball, Energy Impact Partners, Sway Ventures, Suffolk Construction, Colliers, Lincoln Property Company, New Locations: San Diego, Real, Suffolk, Measurabl

☆ Stock Exchange Regulators Back Global Climate-Reporting Rules
▼ + stars: | 2023-07-25 | by ( Rochelle Toplensky | ) www.wsj.com time to read: +5 min

Regulators of the world’s top stock exchanges gave their backing to the international climate-reporting standards framework Tuesday, adding momentum to efforts to establish the rules as the global baseline. The International Organization of Securities Commissions, known as Iosco, endorsed the International Sustainability Standards Board’s recently published climate reporting standard. While some businesses may be waiting to see the completed SEC climate reporting rules, it hopes the advantages of using a single standard worldwide outweigh any disadvantages of being more demanding than the SEC’s coming climate reporting rules. PREVIEWIt is now up to individual countries and jurisdictions to decide if and when they adopt the ISSB standards. “This is a hugely significant step towards a global baseline of sustainability reporting.

Persons: —, Jean, Paul Servais, Benoit Doppagne, “ Iosco, ”, Larry Bradley, Iosco, PwC, KPMG’s Bradley, “, Rochelle Toplensky Organizations: International Organization of Securities Commissions, International, U.S . Commodity Futures Trading Commission, Securities, Exchange, Zuma, SEC, U.S, EU, KPMG, Sustainable Business, Rochelle Locations: Japan, China, Britain, U.S, Australia, Canada, Hong Kong, Malaysia, New Zealand, Nigeria, Singapore, Glasgow

☆ COP28 in Dubai: Inside the push to greenwash the next climate summit
▼ + stars: | 2023-07-18 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +11 min

The country has embarked on a major PR campaign to boost its green credentials ahead of the COP28 UN climate summit in Dubai later this year, prompting heavy criticism from climate groups and some politicians. The controversial road to COPThe climate summit takes place at a different location each year, with responsibility for hosting rotating among five regional groups. But the UAE stands out because of the way it chose to intertwine the summit with its oil business. In January, the UAE announced Sultan Al Jaber would be the summit president, to the horror of many climate groups. The country is “ideally suited to host” the summit, a spokesperson for the COP28 presidency told CNN.

Persons: ”, Jennie King, Sultan Al Jaber, Al Jaber, CNN Al Jaber “, Al Jaber’s, John Kerry, Frans Timmermans, “, ” Al Jaber, It’s, it’s, Al, ADNOC, Marc Owen Jones, Hamad, Jones, King, Cop28, Kat Ainger, ” King Organizations: CNN, United, United Arab Emirates, Centre, Climate, Guardian, Institute for Strategic, Abu, Abu Dhabi National Oil Company, US, Associated Press, EU, Hamad bin Khalifa University, Twitter, UAE COP28, UAE Ministry of, Environment, UAE, US Justice Department, Corporate Locations: United Arab, Dubai, UAE, Katowice, Glasgow, Abu Dhabi, Al Jaber, Qatar, Paris, China, India, ”

☆ Pro Take: Forget the SEC, International Climate Reporting Standards Could Become the Global Baseline
▼ + stars: | 2023-06-26 | by ( Rochelle Toplensky | ) www.wsj.com time to read: +8 min

New international sustainability reporting standards could fulfill their ambition in becoming the global baseline as the advantages of using a single standard worldwide may, for many companies, outweigh the disadvantages of being more demanding than the SEC’s coming climate reporting rules. On Monday, the International Sustainability Standards Board released its initial two reporting standards. PREVIEWDespite the strong demand for one standard, U.S. and European Union officials are each developing their own climate reporting regimes. It is now up to individual countries and jurisdictions to decide if and when they will adopt the ISSB standards. Sue Lloyd, vice chair of the International Sustainability Standards Board, at the launch of the inaugural sustainability standards.

Persons: Sue Lloyd, ”, Brian Moynihan, Lloyd, Um, Lysanne Gray, Eelco van der Enden, Jean, Paul Servais, Benoit Doppagne, Iosco, Unilever’s Gray, Rochelle Toplensky, Amplifications Iosco Organizations: Sustainability, Task Force, Sustainable Business, European Union, International Organization of Securities Commissions, Securities, Exchange Commission, U.S, Wall Street, Bank of America, London Stock Exchange, Asian Development Bank, Unilever, Alignment, Global, Initiative, Belgian Financial Services, Markets, FSMA, Zuma Press, Accounting, Rochelle, wsj.com Corrections, Amplifications Locations: EU, Australia, Canada, Japan, Hong Kong, Malaysia, New Zealand, Nigeria, Singapore, Glasgow, Monday’s, Egypt, Africa, Asia, U.S

☆ Climate crisis: Russia's war in Ukraine is undermining global efforts to tackle emissions, new report finds
▼ + stars: | 2023-06-07 | by ( Laura Paddison | ) edition.cnn.com time to read: +7 min

The report, titled Climate Damage Caused by Russia’s War in Ukraine, follows on from a first interim assessment presented at the UN COP27 climate conference in November 2022. Nearly 22 million metric tons of planet-heating pollution came from warfare, almost 20% of the total emissions attributable to the conflict, the report found. “We probably will only be able to really get a more accurate estimate once the war is over,” de Klerk said. “The biggest chunk of the emissions are still in the future reconstruction of Ukraine,” de Klerk said. The report authors even calculated the extra planet-warming pollution created by airlines rerouting flights to avoid Russian and Ukrainian airspace.

Persons: “, ” Lennard, Klerk, It’s, ” de Klerk, Leah Millis, de Klerk, James Appathurai, ”, Rachel Kyte Organizations: CNN, UN, Firefighters, Reuters, Aris Mssinis, Getty, Global, Fletcher School, Tufts University, “ Locations: Ukraine, Belgium, Russia, Nemyshlianski, Kharkiv region, Russian, Avdiivka, Donetsk, AFP, Europe, Ukrainian

☆ Carbon Accounting Changes Could Lift Corporate Greenhouse-Gas Emissions
▼ + stars: | 2023-05-18 | by ( Dieter Holger | ) www.wsj.com time to read: +5 min

Changes to emissions accounting rules are being considered that could significantly increase carbon footprints for companies claiming to use 100% renewable power in their efforts to decarbonize. How companies tally greenhouse-gas emissions from their electricity purchases—so-called Scope 2 emissions—was the most popular issue in a recent consultation on updating widely used GHG Protocol carbon accounting rules. A recent review by carbon management firm FlexiDAO of 22 multinationals that bought renewable electricity across 27 countries found that they could be underestimating their electricity emissions by close to 50% under the current system. The GHG Protocol secretariat is reviewing the more than 1,400 survey responses, around 400 of which mentioned Scope 2. Other areas of focus were emissions in the value chain, or so-called Scope 3 emissions, market-based accounting approaches, and corporate accounting and reporting standards.

☆ At Least 10,000 Foreign Companies to Be Hit by EU Sustainability Rules
▼ + stars: | 2023-04-05 | by ( Dieter Holger | ) www.wsj.com time to read: +7 min

The estimates exclude foreign companies that are subject to the reporting requirements due to other conditions, such as having an EU bond listing. Foreign companies with EU listings will need to start reporting these disclosures in 2025 if they have more than 500 employees in the EU. Businesses based in the EU that reported under the bloc’s previous sustainability rules must follow the new requirements from 2025. The EU rules call for limited-assurance audits to start, with a goal of eventually moving to reasonable assurance. Other sustainability reporting regulations are also set to go into effect in the next few years.

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