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Berkshire Hathaway divests from airline industry
05 May 2020Insurance and investment conglomerate Berkshire Hathaway has sold its entire $6.5 billion investment in the US airline industry because of the impact of the coronavirus outbreak.
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Moody's: Plastics manufacturers face 'moderate' risk to credit ratings
01 May 2020Increased regulation poses a risk to the credit quality of plastic packaging manufacturers in the next five years, according to a report from Moody's Investors Service.
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Shell dividend cut sends shockwaves through oil & gas sector
30 April 2020Oil major Royal Dutch Shell has slashed its dividend for the first time since 1945, sending "shockwaves" through the oil & gas sector.
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Oil price crash 'will not derail energy transition'
30 April 2020The writing is on the wall for the oil and gas sector, BNP Paribas Asset Management's climate change research head tells Ahren Lester
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Barclays' new targets won't cause pension funds to drop climate resolution
29 April 2020Two UK local government pension funds announced they will vote in favour of Barclays' proposed net-zero emissions ambition resolution, but will still back a climate resolution pressuring the lender to strengthen its commitments.
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NYC pension fund calls on insurers to divest from coal
27 April 2020The New York City Comptroller, who oversees the city's $218 billion pension fund, has called on three major US insurers to stop insuring and divest from coal.
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Warning about climate risks in US Fed's Covid-19 bail-out package
24 April 2020A letter signed by eight Democratic senators has called on the US Federal Reserve to incorporate climate risks in its massive coronavirus bailout.
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Shell strengthens climate ambitions after investor pressure
16 April 2020Royal Dutch Shell has strengthened its climate change ambitions in order to help meet global 2050 greenhouse gas (GHG) emission reduction targets, but campaigners remain unconvinced that the proposals go far enough.
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Moody's carbon transition assessment is 'irresponsibly generous' to oil & gas
07 April 2020Moody's proposed carbon transition assessment (CTA) methodology has been accused of being "irresponsibly generous" to the downstream oil & gas sector.
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2°II explains its break with Science-Based Targets initiative
06 April 2020A disagreement that caused 2°II to walk away from the initiative boils down to whether it is appropriate to use the term 'science-based' to describe investor decarbonisation targets, writes Christopher Marchant