In brief | 7 August ‘26

The Guardian: Trump administration to pay German firm $1.22bn to cut offshore wind leasesAgreement with RWE is fifth deal Trump team has made with energy companies, offering payouts to give up projects.Reuters: EU to push countries to invest in nature as wildfire costs spiralThe European Union will push its member countries to invest more in environmental management to reduce wildfire risk, the bloc's environment commissioner told Reuters, as ​experts said the economic cost of this summer's blazes already exceeded 15 billion euros.Politico: The economic toll of Europe’s infernal summerGlobal warming, not climate policy, is bad for business, experts warn.Euractiv: EU delays political blueprint for electricity grid integration againThe bloc's promised white paper could be pushed to 2027, sources suggest.EUobserver: German taxpayers’ money backed new gas drilling in the Amazon, despite pledging to stop funding fossil fuels abroadA drilling rig whose purchase was underwritten by German export credit guarantees has been used to sink six new gas wells in the Brazilian Amazon, according to a report by global campaign group Oil Change International (OCI).

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