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The Government has pushed back a decision on whether to go ahead with a new coal mine Cumbria for the third time this year.
The UK’s audit watchdog has said it “strongly supports” the development of high-quality, global standards for reporting on climate and sustainability data. The UK’s Financial Reporting Council (FRC) said it backs plans put forward by the International Sustainability Standard Board’s (ISSB’s) for new worldwide ESG reporting rules. The comments come after the International Financial Reporting [...]
HSBC is in line to finance a $10bn revolving credit facility to one of the world’s biggest polluters, the Saudi Arabian Oil Company, or Saudi Aramco, despite the bank’s commitment to ‘Net Zero emissions by 2050’. HSBC’s latest venture in the Middle Eastern kingdom, in partnership with Standard Chartered, is likely to draw scrutiny from [...]
With COP26 a few months behind us, more than half of UK investors admit sustainable investing is not a priority for them, with just under 45 per cent saying it is important and it is a priority in their investment portfolio. In fact, less than a third of British investors say COP26 and the UK [...]
The government could cut the amount carbon-intensive industries pay amount pay for each tonne of carbon they emit into the atmosphere.
Far from providing a pivotal road map, COP26 has at least uncovered a few tangible solutions for multiple industries to move forward. For the first time ever, fossil fuels have been noted and added to the final agreement, albeit rather half heartedly, with a little help from India and China. Another key take-away [...]
Just one per cent of Brits have hailed COP26 as a ‘big success’, as climate change becomes the UK’s top concern, according to new research. Nearly 30 per cent of those surveyed said that the UN’s landmark climate conference was a failure, after hopes of ending fossil fuel use were scuppered at the final inning. [...]
Convex Insurance, the London-based insurance company, is targeted this morning at the London Market Conference by environmental organisation Market Forces, putting further pressure on the insurance company to rule out underwriting the controversial Adani Carmichael coal project. Convex has not ruled out the project despite 40+ other major insurers having done so. The Adani Carmichael [...]
The European Commission has proposed a law aimed at curbing the import of commodities linked to deforestation.
Many eyes were on Lord Gregory Barker of Battle earlier this week, as ‘his’ global energy giant En+ was at the heart of COP26’s complex ecosystem of executives, government reps, lobbyists, NGOs and activists in Glasgow. Lord Barker was appointed independent chairman of the En+ Group board of directors in October 2017, just before the company’s [...]
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