Archive

Blackstone invests $3bn in North American renewable energy firm

Private equity firm Blackstone Infrastructure Partners has invested $3 billion for a minority stake in Invenergy Renewables,...

Investor welcome for Shell exit from Cambo oil project

Oil supermajor Shell has backed out of investing in the Cambo oilfield project in Scotland in a move described as a "deathblow" for the controversial project...

Audits 'undervalue climate risk, should be regulated'

Regulators should require companies and auditors to explain how climate risk is captured in financial statements, Greenpeace has urged, after the NGO said investors have failed to push audit firms to properly value such risks.

COP26 draft agreement 'needs more ambition'

A draft agreement thrashed out at COP26 has been praised for committing to phase out coal and subsidies for fossil fuels, but was lambasted for failing to scale up climate finance to the most vulnerable countries, and was accused of an overall lack of ambition.

COP26 round-up, 3 November: UK, South Africa and GFANZ

70% of net-zero funding could come from private investors

UK climate disclosures mandatory within three years

Climate-related financial disclosures that will align with forthcoming standards to be drawn up by the International Sustainability Standards Board will become "mandatory" in the UK for investors in two or three years, the government has said.

Carney criticised for 'greenwashing' net-zero financial firm alliance

Former Bank of England governor Mark Carney has been criticised by more than 90 non-governmental organisations that the Glasgow Financial Alliance for Net Zero (GFANZ) that he chairs provides a means for banks to 'greenwash' their activities.

Norwegian oil fund exits four traditional Chinese medicine firms

The giant Norwegian oil fund has excluded four traditional Chinese medicine firms from investment due to the "unacceptable risk" that they cause "serious" environmental damage through their use of body parts of threatened species.

Al Gore-backed satellite data suggests oil & gas GHG emissions double reported levels

A database of greenhouse gas (GHG) emissions based on direct, independent observation using satellites, remote sensing, artificial intelligence (AI) and machine learning has been launched, which suggests oil & gas emissions may be double the levels reported.