Bloomberg Law
Jan. 25, 2023, 12:41 PM

Britain’s Antitrust Watchdog Vows to Boost Climate Collaboration

Katharine Gemmell
Katharine Gemmell
Bloomberg Editorial

Britain’s antitrust watchdog vowed to make it easier for companies to work together to tackle climate change after the insurance industry warned that firms were treading too carefully for fear of potentially massive cartel fines.

The Competition and Markets Authority will be “providing reassurance and clarity on our approach – including spelling out where we won’t take enforcement action against business collaboration to tackle climate change,” its Chief Executive Officer Sarah Cardell, said at an event on Tuesday. Cardell, who was appointed permanently to the role in December, said the agency will consult next month on a proposal. ...

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