Europe Relaxes Rules on Company Climate Reports

Europe Relaxes Rules on Company Climate Reports

The European Commission on Wednesday proposed to substantially loosen the requirements on companies to report on the social and environmental impacts of their operations. The proposal would limit the rules to companies with more than 1,000 employees and revenue over 50 million euros ($53 million), which means that about 80 percent of companies currently covered…

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BP to ‘Reset’ Strategy After Pressure From Investors, C.E.O. Says

BP to ‘Reset’ Strategy After Pressure From Investors, C.E.O. Says

Murray Auchincloss, the chief executive of the struggling energy giant BP, promised “a fundamental reset” of the company’s strategy on Tuesday while reporting disappointing earnings. The shift comes after a long period of lackluster share performance compared with its industry peers. BP’s weak stock price has attracted interest from Elliott Investment Management, a hedge fund…

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