-
Airlines promise cap on emissions from 2020
11 June 2009Airlines have committed to a global cap on their carbon emissions in 2020, the International Air Transport Association (IATA) announced on Monday, but environmentalists slammed the group's lack of ambition.
-
Investors warned on biodiversity risk in key sectors
11 June 2009Investors have been warned of the "critical risks" to key sectors from biodiversity and ecosystem loss, in a report by the European Sustainable Investment Forum (Eurosif) and sustainable ratings agency Oekom Research.
-
IFC lends Tanzania wood and energy project $18m
10 June 2009The International Finance Corporation (IFC), part of the World Bank, is to lend Norwegian bioenergy and forestry firm Green Resources $18m for a $64.3m project in Tanzania to plant 8,000 hectares of forest for wood and energy.
-
Galileo Weather in management buy-out
04 June 2009Galileo Weather Risk Management Advisors has been bought by its founders for an undisclosed sum and has linked up with a soon-to-be-named insurance company that will provide counterparty credit.
-
HSBC's sustainability efforts hit by financial crisis
04 June 2009HSBC made mixed progress on its sustainability goals in 2008, according to its sustainability report published last week.
-
Financial firms 'worst' at climate disclosure – studies
04 June 2009Financial services companies are the worst offenders when it comes to failing to disclose climate change risks and mitigation strategies, which could have serious consequences for investors, two reports on corporate disclosure warn.
-
Bridging loan tides over Econcern, but breakup imminent
04 June 2009Dutch renewable energy company Econcern says it obtained short-term bridging finance earlier this week, and is now seeking to divest itself of potentially all of its joint ventures and operating companies.
-
Cap and trade would slash profits for US utilities – study
04 June 2009Carbon costs in a cap-and-trade programme could wipe out earnings for some companies in the Standard & Poor's 500, according to a study by the Investor Responsibility Research Center (IRRC) Institute.
-
Biofuels could cut jet emissions by 65%, says Air New Zealand
03 June 2009The replacement by biofuels of half of the jet fuels now being burned could cut airlines' greenhouse gas emissions by 60–65%, claimed Air New Zealand.
-
Weather risk market halves in 08/09 – WRMA
01 June 2009The notional value of transactions in the weather risk market in 2008/09 fell to $15.1 billion, less than half the previous year's $32 billion, as the economic meltdown took its toll on risk capital, according to an annual survey by the Weather Risk Management Association (WRMA).