Explainer: How could the new US corporate minimum tax affect companies?

Aug 12 (Reuters) – The main revenue source in the new US tax, climate and drugs bill is a novel 15% corporate minimum tax aimed at stopping large, profitable companies from gaming the Internal Revenue Service code and slashing their tax bills to zero. The US House of Representatives was scheduled to vote on Friday … Read more

Explainer: Britain and regulators square up over post-Brexit financial reform

LONDON, Aug 11 (Reuters) – Britain’s government proposed a far-reaching financial services law last month to exploit “freedoms” to write its own capital market rules since leaving the European Union. Approval of what is the biggest market reform in two decades is expected by May 2023. Liz Truss, the front-runner to become Britain’s next prime … Read more

ECB, IMF call on climate standard setters to align company disclosures

Signage is seen outside the European Central Bank (ECB) building, in Frankfurt, Germany, July 21, 2022. REUTERS/Wolfgang Rattay/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 8 (Reuters) – A global standard setter for company climate disclosures should align with European and US alternatives for easier implementation across jurisdictions and to … Read more

UK companies may take ‘action’ if they downplay climate risk, watchdogs say

Smoke rises above a factory at sunset in Rugby, Britain February 10, 2021. REUTERS/Matthew Childs/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, July 29 (Reuters) – Some of Britain’s top listed companies could be downplaying risks from climate change on their bottom line and could take “appropriate action”, regulators said on … Read more

EQT in talks with LNG companies on possible agreements, CEO says

Model of LNG tanker is seen in front of the US flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register July 28 (Reuters) – US energy company EQT Corp’s (EQT.N) discussions with liquefied natural gas (LNG) companies are continuing, the CEO of the biggest natural … Read more

Australia’s Westpac vows to reduce lending to coal, oil companies

A pedestrian looks at his phone as he walks past a logo for Australia’s Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS/David Gray Register now for FREE unlimited access to Reuters.com Register July 27 (Reuters) – Australia’s Westpac Banking Corp (WBC.AX) on Wednesday announced plans to reduce its … Read more

US power companies face a supply-chain crisis this summer

June 29 (Reuters) – US power companies are facing supply crunches that may hamper their ability to keep the lights on as the nation heads into the heat of summer and the peak hurricane season. Extreme weather events such as storms, wildfires and drought are becoming more common in the United States. Consumer power use … Read more

US pipeline companies eye nat gas infrastructure for growth

The headquarters of US energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston, Texas, US September 27, 2020. REUTERS / Gary McWilliams / File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, July 20 (Reuters) – US midstream companies have set their sights on natural gas pipelines and … Read more