How Will the EU Emissions Reduction Plan Affect Businesses?

FRANKFURT — Cars with combustion engines will disappear from European showrooms by 2035. Steelmakers and cement producers will pay for every tonne of carbon dioxide their factories emit. Cargo ships may not be able to dock in ports like Rotterdam or Hamburg unless they are running on cleaner fuels. Commercial aircraft will need to fill …

EU Fines Volkswagen and BMW Nearly $1 Billion for Emissions Secrecy

Germany’s three largest automakers have illegally cooperated to limit the effectiveness of their emissions technologies, resulting in higher levels of harmful diesel pollution, European antitrust officials said on Thursday. Volkswagen and the Porsche and Audi divisions must pay 500 million euros or 590 million euros, and BMW will pay 373 million euros or 442 million …