ExxonMobil CEO Darren Woods has warned that the company may pull out of Europe if the European Union moves forward with a sweeping sustainability law that would impose heavy penalties on global corporations.

Qatar has warned it may redirect liquefied natural gas (LNG) exports away from the European Union if the bloc proceeds with its new corporate sustainability law, a letter obtained by Reuters shows.

A new United Nations report highlights that the world’s largest tech companies, particularly in artificial intelligence (AI), have experienced a 150% increase in their indirect carbon emissions between 2020 and 2023.

On January 14, the official opening ceremony of Abu Dhabi Sustainability Week and the Zayed Sustainability Prize awards ceremony were held in the capital of the United Arab Emirates.

In preparation for COP29, scheduled to be held in Baku from 11th to 22nd November, the COP29 Azerbaijan Operating Company, together with the State Tourism Agency, and the Azerbaijan Hotel Association is taking significant action to bolster sustainability competencies across all key members of staff, said Press Service of the COP29 Azerbaijan Operating Company, News.Az reports.