Bank of England launches climate stress test for banks and insurers June 8, 2021 The Bank of England has set out its first climate stress test for the UK’s top banks and insurers but have said the results will not currently be used to determine capital requirements. The test will scrutinise the resilience of Britain’s financial system to stresses from a shift to a net zero-carbon economy as well [...]
Don’t let the eco-sceptics bend Sunak’s ear against green investment July 24, 2023 Months later, Rishi Sunak is yet to set out a plan to compete with the billions Joe Biden has offered climate-friendly firms in the UK, writes Cameron Smith
Climate management solutions group Genuit sees revenue climb ahead of COP26 August 17, 2021 Climate management solutions group Genuit has had its half-year revenue climb to £295.6m as the need for climate conscious measures has gripped the UK ahead of COP26. Revenue was up 32.4 per cent on pre-pandemic levels, as the group worked with the construction industry to provide sustainable water, as well as climate and ventilation [...]
Exxon Mobil lobbyist admits to denying climate science in lobbying efforts July 1, 2021 A senior Exxon Mobil lobbyist has been captured on camera revealing how the oil giant is using its power and influence to water down US climate legislation. The footage was obtained by Greenpeace UK’s investigators, who posed as head-hunters to obtain the information from one of Exxon Mobil’s most senior Washington lobbyists. Exxon Mobil has [...]
Small businesses will bear the burden of climate costs and reap few rewards – CityAM : CityAM September 30, 2021 Climate is Covid on steroids, so says Mark Carney, the former Governor of the Bank of England. While the world has grappled with, and seemingly started to defeat, this coronavirus pandemic, the next challenge is going to be even harder. The upcoming Cop26 conference in Glasgow is a bellwether moment for the fight against global [...]
Today at COP28: Draft agreement labelled ‘deeply offensive’ December 11, 2023 The phrase "the science is clear" has been repeated and glorified ad infinitum at COP28. But as the summit draws to a close, it appears the world still cannot come to a consensus on the action needed to prevent climate change.
Capitalism is the solution, not the problem, when we look at climate change June 5, 2021 One of the most frequently raised arguments against capitalism is that it is the primary driver of environmental pollution and climate change. But if we compare Yale University’s ranking of countries with the highest environmental performance with the Heritage Foundation’s Index of Economic Freedom, a very different correlation emerges. Read more: In the lead up [...]
Climate change brews trouble for Brits beloved tea May 10, 2021 The British cup of tea is at risk, a new report has warned, as climate change prompts extreme weather and rising temperatures in tea-growing regions. The UK and Ireland drink more tea per person than any other country in the world. Meanwhile, the world’s biggest tea exporter, Kenya, which produces half of the black tea [...]
Barclays to offer climate vote to investors next year May 5, 2021 Barclays will offer investors a vote on its climate policy at next year’s investor meeting after pressure from activists and shareholders to become greener. The bank will devise extra climate targets in consultation with shareholders, its chairman Nigel Higgins told a webcast investor meeting today. Barclays set itself a target in March 2020 to reach [...]
EU urged to bring in tougher climate finance rules May 5, 2021 European Union policymakers today faced a call to break a ‘climate-finance doom loop’ by making banks hold up to three times more capital to cover risks from fossil fuel activities. Finance Watch, which campaigns to improve how finance works for society, has written to EU President Ursula von der Leyen, urging the union to toughen [...]