Offset costs could weigh on EU airlines' credit ratings, S&P warns

Global ratings agency says costs of offsetting carbon emissions likely to pile pressure on airlines already struggling to stay afloat
The outlook for cash-strapped airlines in Europe darkened this week, after ratings agency S&P Global issued a new report warning looming carbon offsetting costs will act as a further drag on future financial...
More news
Mark Carney responds to mounting criticism of 'net zero' claims
Carney concedes avoided emissions do not count toward science-based net zero targets, despite previously claiming asset manager Brookfield is 'net zero today' due to its investments in renewables
Global Briefing: Bangladesh drops plans for nine new coal plants
SEC climate disclosure plans, hydrogen developments, and climate-committed K-Pop are to the fore in this week's Global Briefing
Digging into the complex, confusing, and contentious world of soil carbon offsets
Jim Giles explores the deep divisions that are shaping the emerging field of soil-based offsets
UN: Weak 2030 national climate plans put world 'very far' from meeting Paris goals
UN urges countries to submit tougher climate plans to meet Paris goals and prevent climate catastrophe