Prime Minister Justin Trudeau’s government strengthened its regulations to restrict methane leaks by the oil and gas industry, fulfilling a key pledge to crack down on the damaging greenhouse gas at the COP28 climate summit in Dubai.
African nations should conserve and expand their forest cover to take advantage of the rising demand for carbon offsets even though the current pricing for such projects remains low, a new report says.
Alaska Air Group Inc. shares sank after it said it would acquire Hawaiian Holdings Inc. for $1.9 billion in cash and debt, in the latest attempt to consolidate the US aviation industry despite regulatory headwinds.
Lloyds Banking Group Plc has received £1.2 billion ($1.5 billion) from the owners of the Telegraph newspaper, marking an end of the bank’s involvement in a saga that’s spawned government investigations and sparked a nationwide discussion on freedom of the press.
Continental AG is evaluating asset sales and will cut additional costs to protect returns and turn around its key automotive unit that’s fallen behind peers.
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