CommoditiesAugust 21 at 01:50 AM

Germany has withdrawn carbon credits from 30 China-based projects deemed to be suspicious, overstated or fake, Bloomberg reports; ExxonMobil (XOM) and Vitol are linked to some of the projects

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Germany revoked carbon credits from 30 China-based projects claiming 2.1 million tons of CO2 cuts, ordering buyers like ExxonMobil to cover resulting shortfalls amid broader fraud investigations.

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XOMExxonMobil Holdings Corporation$166.42Current price

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Germany has withdrawn carbon credits from 30 China-based projects deemed to be suspicious, overstated or fake, Bloomberg reports; ExxonMobil (XOM) and Vitol are linked to some of the projects

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Germany has withdrawn carbon credits from 30 China-based projects deemed to be suspicious, overstated or fake, Bloomberg reports; ExxonMobil (XOM) and Vitol are linked to some of the projects

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What do investors think?

Today's market highlights

Security officials reportedly see a lower near-term risk of an expanded war with Iran, with Trump’s new economic sanctions intended to buy time until after the US midterms, Jerusalem Post reports