Energy in Demand News, August 3-4, 2025

The EU and US agreed to a new trade deal in recent days, to a distinctly mixed reaction. The European Environmental Bureau (EEB), Europe’s largest network of environmental NGOs, warns that the centrepiece of the deal, a €700 billion pledge to buy U.S. fossil fuels and nuclear energy over the next three years, is fundamentally incompatible with the EU’s 2030 climate targets. The EEB is calling on the European Parliament and Member States to scrutinise and reject any elements of the agreement that undermine Europe’s climate goals, energy sovereignty, or international credibility.

The Financial Times reports that Standard Chartered chief Bill Winters has attacked companies that have scrapped their sustainability and ESG policies in the Trump era for political gain, and lamented US and UK aid cuts as bad for the world. ‘Shame on them,’ Winters said in attacking companies ditching ESG pledges, He criticised firms that had jumped on the climate bandwagon when it was “fashionable”, but had since rolled back on their green ambitions or gone quiet on the subject.

The Guardian reports that Barclays has become the second UK bank to withdraw from a UN-backed Net-Zero Banking Alliance (NZBA), claiming that a wave of defections by international lenders meant it was no longer fit for purpose. HSBC left in early July. “Barclays said it was no longer effective, given it no longer counted some of the world’s biggest lenders as members. The US lenders who cancelled their membership at the start of the year include JP Morgan, Citigroup, Bank of America, Morgan Stanley and Goldman Sachs.” Barclays issued this statement: “We are committed to our ambition to be a net zero bank by 2050,” Barclays said, adding that its plans to issue $1tn (£750bn) in loans to fund sustainable projects and help firms transition to more climate-friendly operations “remain unchanged. We continue to work with our clients on their transition, finance the transition and scale climate tech, while helping to ensure energy security for our customers and clients.” They better.

The European Environment Agency has announced the winners of its “Environment&Me 2025” photo competition. Check out the winners here.

Don’t forget eceee’s Zero Carbon Industry event in Rome in February 2026. The deadline for submitting abstracts is September 15th.

In planning travel over the upcoming weeks, here are some useful ideas to help you along:

Herman Melville (1819-1891), an American novelist, short story writer, and poet of the American Renaissance period, best-known for his novel Moby Dick, asks an important question: “Is there some principal of nature which states that we never know the quality of what we have until it is gone?”

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