Protestors block London Esso oil facility ahead of new UN climate report April 4, 2022 Protestors have blocked an Esso oil facility near Heathrow Airport with two bamboo structures in a bid to stop new fossil fuel developments. In a fourth day of protests, demonstrators from Extinction Rebellion and the Just Stop Oil Coalition have been blocking the exits to several oil facilities across the country, beginning with seven on [...]
A changing China: Looking ahead to commodities in 2024 December 31, 2023 Commodities face an uncertain 2024 as geopolitical and climate risks continue to grow
City banks and insurers will book £330bn climate change loss without action to control impact May 24, 2022 The City could lose as much as £330bn over the next three decades if the UK fails to tackle climate change, the Bank of England said today. Firms will struggle to pay back loans due to costs swelling as a result of higher carbon prices, according to conclusions drawn by the Bank from its first [...]
HSBC banker’s climate comments signal end to sustainable investing free-for-all, warns ESG pioneer May 23, 2022 The controversial comments made by HSBC’s responsible investing chief signal an end to the frenzied ESG marketing free-for-all seen in recent years, an ESG pioneer warned today.
European Investment Bank-backed climate data firm snags £33m in funding March 22, 2022 Holborn-based climate and energy data analytics company Kayrros has snagged €40m (£33.5m) in its latest funding round, as investors seek to unlock the net-zero benefits of space. The company, backed by the European Investment Bank and BNP Paribas’ VC arm, specialises in geospatial detection technologies – which analyse satellite images to assess the climate costs [...]
UK and Australia to partner on climate-resilient infrastructure investment in the Indo-Pacific January 20, 2022 The UK and Australia have tabled an agreement which will see closer cooperation on offering finance for infrastructure in the Indo-Pacific. The new deal sets the stage for disaster resilient and climate adapted infrastructure, foreign secretary Liz Truss confirmed today. The government aims to mobilise £8bn of UK-backed financing a year by 2050, as the [...]
Climate change personal responsibility is a myth to excuse the world’s emitters January 19, 2022 Consumers do have power in their pockets when it comes to tackling climate change. The meteoric rise of ESG in the financial services industry, for instance, has been driven by consumer demand. Equally, in the retail sector the term “sustainable” has become a benchmark for any quality clothing brand as a result of customers wanting [...]
HSBC sets out more ambitious climate targets after pressure from investors March 16, 2022 HSBC has scaled up its climate commitments today after coming under fire from a group of investors convened by activist shareholder group ShareAction.
Shell gets injunctions against climate activists citing ‘safety’ of its employees during direct action May 6, 2022 Oil giant Shell has obtained an injunction against environmental protestors, citing the safety of its employees put at risk by direct action. The company listed a number of recent incidents involving Extinction Rebellion and Stop Oil demonstrations, which caused road closures, disruption, and fuel not being delivered It also highlighted numerous incidents where protesters, including [...]
Xi set to snub summit on climate crisis October 15, 2021 Chinese President Xi Jinping will not attend the COP26 climate conference in person. The Times has reported that the Prime Minister Boris Johnson has already been told of Xi’s upcoming absence. The UK is hosting the global summit in Glasgow later this month and over a hundred world leaders are expected to show up. It [...]