Tories spell out green policy November 24, 2009 Shadow chancellor George Osborne yesterday explained how a Tory government would tackle climate change and stimulate investment in new green technologies and jobs. He said policies included cutting central government emissions by ten per cent within a year, consulting on Britain’s first green bank, introducing green ISAs and paying the public to recycle.
WHAT THE OTHER PAPERS SAY THIS MORNING July 8, 2010 FINANCIAL TIMES MOD UNDER FIRE ON £20BN PROPERTY ESTATE The Ministry of Defence has failed to make the most efficient use of its £20bn property estate and should consider selling more land to help reduce costs in the current economic climate, a report by the National Audit Office will say on Friday. The department raised [...]
EPA grabs new powers December 7, 2009 THE Environmental Protection Agency yesterday cleared the way for regulation of greenhouse gases without new laws passed by Congress, reflecting President Barack Obama’s commitment to act on climate change at the Copenhagen summit. The EPA ruling that greenhouse gases endanger human health, widely expected after it issued a preliminary finding earlier this year, will allow [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 31, 2010 FINANCIAL TIMES US BANKS FACE INSIDER TRADING PROBE Neil Barofsky, the special inspector-general overseeing the US government’s financial rescue efforts, is to probe allegations of insider trading among bank executives and their associates. Eight of the largest banks in the US received between $2bn and $25bn in October 2008 under a programme to prop up [...]
Shipping industry fears Copenhagen summit will agree on new green tax December 14, 2009 THERE were growing fears within the shipping industry last night that government ministers gathered at the Copenhagen climate change summit would impose a green tax on shipping. There was thought to be growing support at the talks for a global tax or an emissions trading scheme for shipping and aviation. The British government favours emissions [...]
Accountants can save the world, report November 11, 2009 THERE has been no shortage of talk about the forthcoming Copenhagen climate change conference in December, at which presidents and prime ministers will discuss ways to save the world by reducing carbon emissions. Already, many suspect that little will be decided at the meeting. The reality is that if the world is saved, it will [...]
Copenhagen will set the agenda for carbon trading December 7, 2009 AFTER months of preparation, wrangling and hype, the world’s leaders have finally descended on Copenhagen for the UN Climate Change Summit, where they will attempt to thrash out a successor to the 1992 Kyoto Treaty. The stakes could not be higher. The Kyoto agreement expires at the end of 2012 and it has done little [...]
At a glance: All of Alistair Darling’s 2010 Budget tax and spend policies March 24, 2010 THE ECONOMY/ PUBLIC FINANCES l Confirmed pre-Budget report (PBR) 2010 growth forecast of 1-1.5 per cent. But the chancellor revised downwards the 2011 forecast to 3-3.5 per cent to bring forecasts in line with those of the Bank of England. Growth forecast of 3.5 per cent in 2012 maintained. l Inflation spike expected to be [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 7, 2009 FINANCIAL TIMES APAX PAYS £975M IN MARKEN BUY-OUTApax Partners will today announce the £975m buy-out of Marken, the provider of distribution services to the pharmaceutical industry, generating big profits for its management and Intermediate Capital Group, which acquired the company in 2007. The acquisition of Marken is the biggest private equity deal in the UK [...]
Turner now in energy plan October 11, 2009 LORDADAIR TURNER, chairman of the Financial Services Authority (FSA), will today unveil a massive shake up in the renewable and nuclear energy industries. In a report from the Government’s Committee on Climate Change, which Lord Turner heads, guidelines to force action on climate change targets will be made, including a plan to directly intervene in [...]