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News

HUTUBI, CHINA - DECEMBER 19: Employees work at an exploratory well, with an estimated hundred-billion-cubic-meter natural gas and oil reserves, operated by China National Petroleum Corporation CNPC in the middle of southern margin of Junggar Basin on December 19, 2020 in Hutubi County, Xinjiang Uyghur Autonomous Region of China. PUBLICATIONxINxGERxSUIxAUTxHUNxONLY Copyright: xVCGx CFP111311227425

Report: A quarter of ‘carbon bombs’ financed by EU companies

According to a new report by CAN Europe, Friends of the Earth and other NGOs, a quarter of the world's largest fossil fuel extraction projects are operated or financed by EU companies and banks. The alliance is calling for mandatory climate transition plans as part of the EU's due diligence law.

By Leonie Düngefeld

Slevarna Heunisch foundry pictured that produces demanding gray cast iron castings holds press conference on odour reduction in production over past two years in Brno, Czech Republic, October 25, 2023. CTKxPhoto/PatrikxUhlir CTKPhotoP2023102506452 PUBLICATIONxNOTxINxCZExSVK CTKPhotoP2023102506452

Energy price brake: DIHK calls for greater relief

SMEs and the energy industry are strongly criticizing the announced extension of the European energy price brake for companies. According to the DIHK, many companies have already reached their maximum limits for possible relief.

By Manuel Berkel