European industrial companies have warned that proposed changes to the European Union’s Emissions Trading System (ETS) could weaken incentives for businesses that have invested heavily in low-carbon technologies. Firms including SSAB, Heidelberg Materials, and Rockwool argue that easing carbon pricing or expanding free emissions permits would unfairly benefit
A citizens’ group has decided how to distribute the fortune of Marlene Engelhorn, an Austro-German heiress. Earlier this year, Engelhorn established a panel of 50 individuals to determine how to allocate the millions she inherited from her grandmother. The funds will benefit 77 organizations, including social and climate groups, as well as notable left-wing entities.
Marlene Engelhorn, a 31-year-old Austro-German heiress residing in Vienna, is taking a unique approach to wealth redistribution. Inheriting a substantial fortune from her grandmother, Traudl Engelhorn-Vechiatto, who was valued at $4.2 billion, Marlene aims to address the inequality exacerbated by the absence of inheritance tax in Austria since 2008. Motivated by a sense of


