Forbes

A Dutch appeals court has overturned a 2021 ruling that required Shell to reduce its carbon emissions by 45% by 2030. This decision marks a setback for climate activists aiming to hold companies legally accountable for emissions reductions.

Saudi Arabia is making substantial moves to diversify its economy and reduce emissions by investing in green hydrogen as part of its Vision 2030 initiative. The Public Investment Fund has committed $10 billion to the Energy Solutions Company, a green hydrogen venture also backed by Saudi Aramco, aiming to capitalize on the country’s renewable energy resources.

Federal Reserve Chairman Jerome Powell stated he would not resign if Donald Trump asked him to step down before his term ends in 2026. Legally, it remains unclear if a president has the authority to fire a Fed chair, as no president has attempted it, and there is no specific statute addressing the matter.

Following his election win, many of the world’s wealthiest individuals saw major increases in their fortunes, largely due to expectations of cryptocurrency-friendly policies and corporate tax cuts.