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financial sector, Tag
- Banks pumped more than $150bn in to companies running ‘carbon bomb’ projects in 2022 Tue, 31 Oct 23, 4:00pmExclusive: Projects that risk 1.5C heating target operated by companies receiving financing from European, Chinese and US banks
- Labour proposes long-term tax breaks to increase UK investment and growth Tue, 7 Mar 23, 9:28amNews comes after top company bosses criticise government energy policy for failing to spur investment
- Pressure on Hunt rises as CEOs criticise lack of investment support before budget Tue, 7 Mar 23, 1:52amComments by Shell, DS Smith and ScottishPower chiefs add to sense of UK’s waning attractiveness to business
- Leading UK CEOs attack energy support policy as brake on investment Mon, 6 Mar 23, 9:45pmCriticism by Shell, DS Smith and ScottishPower chiefs add to sense of UK’s waning attractiveness to business
- Banks still investing heavily in fossil fuels despite net zero pledges – study Tue, 17 Jan 23, 5:00pmFinancial institutions signed up to GFANZ initiative accused of acting as ‘climate arsonists’
- UK could face ‘banking crisis worse than 2008’ if City fails to prepare for fossil fuel collapse Thu, 12 Jan 23, 5:00pmReport from climate activist groups says City is unprepared for potential collapse in value of fossil fuel assets
- Climate regulations ‘could trigger banking crisis worse than 2008’ Thu, 12 Jan 23, 5:00pmReport from climate activist groups says City is unprepared for potential collapse in value of fossil fuel assets
- A windfall tax on energy generators? Sure, but the devil is in the complex detail Thu, 17 Nov 22, 5:29amExcess profits look set for a levy in the autumn statement – but first define ‘excess’ and for whom
- Next PM must get a grip on net zero plans or deter investment, warn Lords Thu, 21 Jul 22, 3:01pmInfluential committee says UK must join dots between policies to plug gap between ambition and delivery
- Sunak’s hospitality bailout is only enough for now, just Wed, 22 Dec 21, 6:00amThe £1bn support package merely plays catch-up with the current ‘stealth lockdown’. More may well be needed – and soon
- Drax dropped from index of green energy firms amid biomass doubts Tue, 19 Oct 21, 4:00pmDoubts over sustainability of company’s wood-burning power plant mount within financial sector
- Future BP dividend hikes will test investor commitment to its green plan Wed, 4 Aug 21, 5:01amIf the price of oil rises further, the firm’s move away from oil and gas output will fuel doubts
- Leading investors urge governments to end support for fossil fuels Thu, 10 Jun 21, 2:01pmGroup controlling $41tn in assets sign joint statement calling on world leaders to bolster net zero targets
- BlackRock holds $85bn in coal despite pledge to sell fossil fuel shares Wed, 13 Jan 21, 4:00pmLoophole means asset manager can hold shares in firms earning less than a quarter of revenues from coal
- Investors plan major move into renewable energy infrastructure Tue, 24 Nov 20, 4:42amGlobal survey finds spending expected to double in five years in response to climate fears