UK Watchdog Promises Not to Target Firms in Climate Alliances With Antitrust Law

New CMA guidance advises companies on what actions won’t trigger competition probes. It comes as U.N. climate clubs are scrutinised in the United States.

A man climbs stairs on day two of the COP 26 United Nations Climate Change Conference at SECC in Glasgow, Scotland, on Nov. 1, 2021. Ian Forsyth/Getty Images

The UK’s competition watchdog published new guidance on Thursday, promising not to go after firms over environmental collaborations using antitrust law.

It come after the United Nation’s Net-Zero Insurance Alliance lost almost two-thirds of its members this year after some Republican attorneys general in a number of U.S. states alleged members of climate clubs may be breaching U.S. antitrust laws.