Simon Jessop

A political tilt to the right in Europe and a potential Trump presidency in the U.S. will not derail climate efforts as businesses are increasingly locked

· 2-min read By Simon Jessop and Jake Spring LONDON/SAO PAULO (Reuters) - More than 100 companies, including Unilever, L'Occitane

LONDON (Reuters) -Britain's HSBC has set up a new unit to tap deals in infrastructure finance and project finance linked to the world's shift to a

Goldman Sachs' fund division is to leave investor engagement group Climate Action 100+, joining other financial services companies which have pulled out amid a political backlash in the United States.

Stalled efforts to expand companies' use of carbon credits to offset greenhouse-gas emissions are raising the prospect that some will backtrack or abandon targets to shrink their carbon footprint. Since 2015, when governments agreed in Paris to try to keep the world from warming more than 1.5 degrees Celsius (2.7 degrees Fahrenheit), more than half of the world's largest 2,000 publicly listed companies have announced targets to cut their emissions to zero on a net basis by 2050. Proponents of carbon offsets argue they can help companies meet their targets when efforts to slash their emissions fall short.

By Simon Jessop LONDON (Reuters) - BlackRock, the world's biggest asset manager, cut its support for shareholder proposals linked to

BlackRock, the world's biggest asset manager, cut its support for shareholder proposals linked to environmental and social issues to a fresh low of 4.1% in the most recent annual general meeting season, it said Wednesday.

European oil majors Shell and Eni have led an early stage funding round for climate technology start-up Mantel Capture, which aims to use molten salts to capture carbon dioxide emissions at refineries, factories and other industrial sites.

That put the group, which also sells white goods and mobile phones, on track for profit growth in the current financial year, it said, despite a 2% sales decline in its Nordic market.

LONDON (Reuters) - Climate technology firm AIR COMPANY said it has secured backing from aviation fuel supplier Avfuel in its latest funding round as it looks to convert carbon dioxide into a range of more climate-friendly products.