In brief | 2 June '25

European Scientific Advisory Board on Climate Change: Staying the course on climate action essential to EU security and competitiveness

Board calls on the European Union to maintain high climate ambition as it revises the European Climate Law to include a 2040 target.

Politico: EU climate chief lobbied Germany to back weakened 2040 goal

Wopke Hoekstra successfully pushed the incoming coalition to back foreign carbon credits, helping shift the EU-level 2040 talks. 

Financial Times: German asset manager divests Exxon shares over ‘insufficient’ climate commitment 

Union Investment sold out of US oil major and smaller peer EOG Resources after review.

The Guardian: Dieselgate pollution killed 16,000 people in UK, study estimates 

Experts decry lack of UK government action and warn a further 6,000 early deaths could occur.

Reuters: Swiss solar panel maker Meyer Burger files for insolvency for German subsidiaries

Company's operations in Europe and the United States struggled to compete with cheaper products imported from Asia.

Bloomberg: China’s coal industry has a big, dirty secret 

Largely unnoticed, an obscure corner of the trade has reached gargantuan proportions.