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Conservatives in the European Parliament, alongside far-right parties, voted to weaken corporate sustainability reporting rules, marking a significant shift toward deregulation in the EU. This vote aligns with US President Donald Trump’s deregulatory agenda. The European People’s Party (EPP) relied on far-right support for the first time to pass this legislation, which limits reporting requirements primarily to large corporations. Critics view this as a troubling consolidation of power between the EPP and far-right factions, jeopardizing environmental standards.
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