BusinessGovernmentTechnology

EU Sustainability Reporting Overhaul Faces Political Gridlock After Parliamentary Delay

The European Parliament has unexpectedly delayed a crucial vote on reducing sustainability reporting requirements for businesses. This political setback throws the EU’s regulatory timeline into disarray and creates fresh uncertainty for companies navigating environmental compliance.

Political Standoff Disrupts EU Regulatory Timeline

The European Parliament has postponed a scheduled vote on reducing sustainability reporting requirements for businesses, according to reports, creating significant uncertainty around the future of corporate climate regulations in the bloc. Sources indicate the delay stems from a last-minute political maneuver by the Progressive Alliance of Socialists and Democrats (S&D), which upset what was expected to be a fast-track approval process.

FundingStartups

Oxford Biotech Firm Wild Bio Secures $60M for AI-Driven Crop Innovation

Wild Bioscience, the Oxford-based agricultural technology company co-founded by Irish professor Steve Kelly, has reportedly secured $60 million in Series A funding. The investment round was led by the Ellison Institute of Technology to accelerate the development of climate-resilient crop varieties using artificial intelligence and precision breeding techniques.

Major Funding for Agricultural Innovation

Wild Bioscience, the Oxford University spinout co-founded by Irish academic Prof Steve Kelly, has reportedly raised $60 million in a Series A funding round led by the Ellison Institute of Technology (EIT). According to reports, the substantial investment will accelerate the company’s mission to develop improved crop varieties using genetics research and precision breeding technologies to address global sustainability challenges in agriculture.

Assistive TechnologyEnergy

Amazon Advances Nuclear-Powered Data Center Initiative with Washington SMR Project

Amazon has revealed additional details about its planned small modular reactor facility in Richland, Washington. The Cascade Advanced Energy Facility will utilize X-energy’s pebble-bed reactor technology to provide carbon-free power for Amazon’s growing AI infrastructure.

Amazon’s Nuclear-Powered Data Center Strategy

Amazon has unveiled further details about its planned small modular reactor (SMR) facility in Washington state, according to recent reports. The Amazon-backed Cascade Advanced Energy Facility will be constructed outside Richland, Washington, in partnership with SMR developer X-energy and utility provider Energy Northwest.

EnergySustainability

Virgin Media O2 Signs Major Onshore Wind Power Deal with TRIG for UK Operations

Virgin Media O2 has secured a decade-long corporate power purchase agreement with The Renewables Infrastructure Group for wind energy from two UK facilities. The deal reportedly covers 15% of the telecom giant’s total energy needs and supports its accelerated net zero timeline.

Major Renewable Energy Partnership Announced

Telecommunications provider Virgin Media O2 has entered into a significant corporate Power Purchase Agreement (PPA) with The Renewables Infrastructure Group (TRIG) for power generated from two onshore wind farms in the United Kingdom, according to reports. The ten-year agreement, set to commence in April 2026, is expected to supply approximately 15 percent of the company’s total energy requirements.