Oil giants face major hit from UN climate rules shaking up the shipping sector September 11, 2023 Oil giants are set to face a major hit from new climate regulations on ship owners, which will eventually stop them from using high-polluting shipping fuels, analysts have warned. Under agreements made in July, the International Maritime Organisation (IMO) – the UN agency which sets legally binding regulations on international shipping – ruled that nearly [...]
Visas for people fleeing disasters caused by climate change, suggests think tank March 24, 2023 The UK should provide visas for people fleeing natural disasters caused by climate change, a think tank has said.
British companies could face tougher climate scrutiny under new G20 rules June 26, 2023 Companies will face more pressure to disclose how climate change affects their business under a new set of G20-backed global rules aimed at helping regulators crack down on greenwashing. The norms published on Monday have been written by the International Sustainability Standards Board (ISSB) as trillions of dollars flow into investments that tout their environmental, social and [...]
Barclays’ AGM disrupted by climate activists furious over bank’s fossil fuel investments May 3, 2023 Environmental protesters have disrupted banking giant Barclays’ annual meeting for shareholders in central London. A few minutes into the meeting, chairman Nigel Higgins was interrupted by a chorus of singers causing several minutes of disruption. Singing a version of the Spice Girls’ Thank You Very Much, the group sang: “Stop right now, no more oil [...]
UK finance at the ‘front of the peloton’ on climate, says Carney October 24, 2022 UK financial firms are at the “front of the peloton” on setting rigorous climate standards and the rest of the world will follow suit, the former Bank of England governor Mark Carney said today.
Corporate insolvencies surge as firms struggle to survive harsh economic climate January 17, 2023 The number of company insolvencies in December 2022 was 76 per cent higher than before the Covid-19 pandemic, new data from the ONS revealed on Tuesday. There were 1,964 company insolvencies in December 2022, 32 per cent higher than the previous year and 76 per cent higher than the 1,119 registered in December 2019. Fladgate’s [...]
Dam: Climate change poses risks to energy infrastructure October 16, 2022 Extreme weather events caused by climate change pose a significant risk to the world's energy infrastructure, warned the WMO.
Can British bullishness tackle one of the globe’s biggest climate problems? January 11, 2023 It’s not a myth. Climate change is here and it’s happening — it’s not just happening in David Attenborough documentaries. The effects of climate change are measured and proven — ice caps melting, rainy seasons are getting shorter, vegetation is drying out and dying, more cloud cover, record heat temperatures, the weather is becoming more [...]
Lightrock raises £744m for new climate fund October 13, 2022 London-based private equity platform Lightrock said it had sailed past funding targets for a new climate fund today after bagging €860m to pump into firms developing net-zero tech.
We can’t put off our plans to deal with climate change – the City certainly won’t September 25, 2023 Sunak is right to explore ways to deliver net zero in a climate of financial insecurity, but we can't put off the transition to a green economy, writes Nicholas Lyons.