Exxon Mobil Corp is trying to block an investor proposal that calls on the world's largest publicly traded oil company to set targets for lowering its greenhouse gas emissions, two of the investor groups involved said on Sunday.
Sweden's Volvo is setting aside 7 billion Swedish crowns ($778 million) to cover costs related to its admission in October that its truck and bus engines could be exceeding limits for nitrogen oxide emissions.
A number of institutional investors in ExxonMobil Corp have said they will file a shareholder resolution which calls on the world's largest oil company to set targets for lowering its greenhouse gas emissions.
Britain's banks and insurers must come up with credible plans for protecting themselves against risks from climate change and may need to hold more capital, the Bank of England said on Monday.
French Environment Minister Nicolas Hulot announced his resignation on Tuesday, citing disappointment with the lack of progress on climate and other environmental goals.
This year's unusually warm summer in the Nordic region has increased sea water temperatures and forced some nuclear reactors to curb power output or shut down altogether, with more expected to follow suit.
