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Norwegian oil fund continues ESG engagement ahead of renewables push
18 August 2020The manager of the giant Norwegian sovereign wealth fund reported it was continuing to engage heavily with firms on environmental, social and governance (ESG) issues, but was yet to get off-the-mark in its renewable energy investments.
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Deutsche Bank's tightened fossil fuel policy judged 'unambitious'
28 July 2020Deutsche Bank has tightened its fossil fuel policy to include exiting from coal mining investments by 2025, strengthening its stance towards coal power and restricting oil and gas sector financing - but campaigners continued to criticise the lender for its lack of ambition.
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Norwegian oil fund exits stakes in 12 firms on ESG concerns
13 May 2020The giant Norwegian oil fund has excluded a dozen companies from investment due to environmental, social, and governance (ESG) concerns, including mining giants such as Anglo American, Glencore and Vale in which it was a major shareholder.
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Coal utilities boosted by €16bn since Paris Agreement, say NGOs
21 May 2019Eight financial institutions have given Europe's 'most polluting utilities' almost €16 billion ($17 billion) in support since the Paris Agreement was signed in December 2015, a new briefing by NGO Europe Beyond Coal has found.
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French banks boost coal financing by 52% after COP21
27 November 2018French banks have increased their coal financing by 52% following the signing of the Paris Climate Agreement.
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EU carbon update, 20 August 2018
20 August 2018EU Allowance (EUA) prices are expected to take their lead from the power market this week, with further gains likely, says Louis Redshaw.
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EU carbon market weekly update - 12 March 2018
12 March 2018Further price gains for EU Allowances (EUAs) are likely this week as a result of continuing speculative demand and lower auction volumes, says Louis Redshaw.
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E.On to outperform RWE under 2oC scenario, says Barclays
12 September 2016German power utility E.On would fare much better than its domestic rival RWE, if the world manages to achieve the Paris Agreement goal of restricting global warming to no more than 2oC.
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Sweden green lights Vattenfall's coal divestment
04 July 2016Energy firm Vattenfall has been given the green light to divest its lignite coal plants as it looks to focus on clean energy.
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E.On completes separation of renewable and fossil fuel units
05 January 2016German utility E.On has placed its conventional power generation assets into a new entity, as it prepares to spin off the business, allowing it to focus on the rest of its operations, including renewable energy.