European Privacy Group Takes Stance on Meta’s Controversial ‘Consent or Pay’ Strategy

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Yet a binary choice (aka “consent or pay”) is exactly what Meta is currently forcing on users in the region. The European Data Protection Board (EDPB) has been meeting this week to discuss adopting an opinion on so-called “consent or pay”, following a request made back in February by a trio of concerned data protection authorities. A spokeswoman for the EDPB confirmed to TechCrunch that it adopted an opinion on “consent or pay” on Wednesday morning, saying it will be published later today. However the choice Meta gives EU users is a binary one: Either consent to its use of personal data for targeted advertisng or pay a monthly fee to access ad-free versions of its social networks. But on the core issue of whether Meta’s mechanism complies with the EU’s long-standing data protection framework the Board’s opinion is key.

Climate Reporting Regulations by the SEC Solidify Establishment for Carbon Measurement Startups

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The SEC voted on Wednesday to require public companies to report a portion of their greenhouse gas emissions and their exposure to risks from climate change. While the new rules do not apply to privately held companies like startups, they do create opportunities for those focused on the carbon tracking, accounting, and management space. Some, like Amazon, Vanguard, Ralph Lauren, and Chevron, supported Scope 3 disclosures; already, many public and private companies voluntarily track those emissions. In recent years, a number of startups have turned to AI to automate and improve Scope 3 estimates. In adopting the new rules, the SEC is playing catch-up with other large economies, including China and the EU, which both have greenhouse gas reporting requirements.