+ Bill Gates' new priorities

Get full access to Reuters.com for just $1/week. Subscribe now.

 

Sustainable Finance

Sustainable Finance

By Ross Kerber, U.S. Sustainable Business Correspondent

You know Tesla cares when the electric vehicle maker responds to a media question, even if it was only to decline to comment. That's what happened after I asked their press department about its shareholder meeting next week and how voting might go.

There is more on Tesla and CEO Elon Musk's pay in this week's main story, linked below. I have also flagged our coverage of a lawsuit against Brazil's top meatpacker, a new push on carbon accounting, and Bill Gates' new priorities.
     
Please follow me on LinkedIn and/or Bluesky. You can reach me via ross.kerber@thomsonreuters.com 

 

Latest Headlines

  • Portugal's chemicals sector needs to spend $35 billion on decarbonisation, industry group says
  • Former Morgan Stanley advisers sue US Labor Department
  • Germany to lift hourly minimum wage to 14.60 euros from 2027
  • Mondelez defeats greenwashing lawsuit over 'climate neutral' Clif Bar claim
  • UK development finance body to invest $75 million for Blueleaf Energy's India plans
 
 

Tesla CEO Elon Musk gestures during a cabinet meeting at the White House, in Washington, D.C., U.S., March 24, 2025. REUTERS/Carlos Barria

Tesla pay critics line up vs new robber baron era

Tesla critics hope to block the stratospheric compensation proposed for its CEO Elon Musk but face an uphill fight.

Investors in the electric vehicle maker will decide on November 6 whether to approve the pay package for Musk that is potentially worth $1 trillion - likely the largest-ever CEO compensation agreement. Tesla's board is pushing for shareholders to approve the plan, with Chair Robyn Denholm warning on Monday that Musk could leave if the deal is rejected.

Meanwhile, longtime skeptics of the company's corporate governance, including Democratic U.S. state leaders and union officials, have launched a campaign to vote down the offer.

Several have tried and failed to block earlier record payouts to Musk, including his $56 billion compensation plan that investors reapproved last year amid legal challenges that remain.

Will this time be different? You can click the button below to read my story on the matter. And you car-biz junkies out there can subscribe to the Reuters Auto File newsletter which also carries items about Tesla and its rivals.

Read the story here
 
 

Company news

  • A global carbon accounting initiative backed by Exxon Mobil, BASF  and others will form an independent panel to guide its work.
  • Three companies including Westinghouse Electric, Cameco and Brookfield Asset Management said they are in a public partnership to build at least $80 billion of nuclear reactors across the U.S.
  • In a fresh legal challenge for the world's biggest meatpacker ahead of global climate talks in its home country, Brazil's JBS has been accused of making false climate claims including about its commitment to reaching net-zero emissions.

Cattle stand at plant of JBS S.A, the world's largest beef producer, in Santana do Araguaia, Para state, Brazil September 11, 2025. REUTERS/Amanda Perobelli

 

On my radar

  • World leaders should focus on improving health outcomes rather than temperature targets ahead of the COP30 conference, billionaire and philanthropist Bill Gates posted on his blog.
  • Some 76% of investors and the public think the U.S. government should require AI content watermarking for consumers, according to a new survey released by research and polling organization Just Capital.
  • Norway's government won a round when the European Court of Human Rights ruled against a lawsuit brought by young activists who claimed the country's Arctic oil exploration puts their future at risk.
 

Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters' website

LiveIntent Logo
AdChoices Logo
 

Reuters Sustainable Finance is sent weekly. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here.

Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here.

This email includes limited tracking for Reuters to understand whether you’ve engaged with its contents. For more information on how we process your personal information and your rights, please see our Privacy Statement.