Exxon poised to overtake Shell and BP on low carbon spending

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. ExxonMobil, which once derided European rivals’ clean energy investments as a “beauty contest” that would do little to halt climate change, is poised to leapfrog Shell and BP in low carbon spending. Investment guidance issued … Read more

Private credit firms take aim at ESG for holding back financing for European defence

Stay informed with free updates Simply sign up to the Aerospace & Defence myFT Digest — delivered directly to your inbox. Private credit firms that could offer vital funding to Europe’s expanding defence industry are exploring whether their investors’ sustainable investment requirements can be watered down to allow them to lend. Financing Europe’s defence sector … Read more

Vanguard rules out China in big international push

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Vanguard, the world’s second-largest asset manager, has ruled out re-entering China’s fund industry even as the group seeks to accelerate its global expansion beyond its biggest market in the US. Chris McIsaac, head of Vanguard’s … Read more