The Russian government has abandoned key provisions of a new “climate change” legislation package after the country’s leading businesses – most operating in the “not quite” ESG arena – mounted a significant protest, according to Russian daily Kommersant (via the Moscow Times ). The abandoned legislation included quotas on carbon emissions at Russia’s largest companies, along with a national carbon trading system and strict penalties for the country’s worst polluters. All that remains of the proposals are a plan to measure and collect emissions data as part of a so-called ‘green audit’ lasting five years. The campaign against a stricter package of measures was led by the influential Russian Union of Industrialists and Entrepreneurs (RSPP) — one of the main lobbying groups for Russia’s largest businesses. The new laws were set to be introduced as part of Russia’s ratification of the Paris Climate Agreement. Originally, the Russian government proposed […]