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Drax calls for biomass co-firing support as capacity left idle
22 February 2011The operators of England's 4GW coal-fired power station Drax today admitted to leaving its biomass capacity partially idle because of "insufficient regulatory support".
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NRDC to judge 'green' claims of climate bonds; first standard to be unveiled next week
21 February 2011The Natural Resources Defense Council (NRDC) has been named as the first member of the body that will give the stamp of approval to 'climate bonds', ahead of the publication next week of the first green bonds standard.
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Record number of shareholder calls for US, Canadian energy firms to disclose environment risks
21 February 2011Energy companies in the US and Canada are facing a burgeoning shareholder revolt over inadequate disclosure of environmental risks.
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Philips commits €2bn for green R&D
18 February 2011Electricals giant Royal Philips Electronics says it will commit €2 billion ($2.7 billion) towards green R&D investment over the next five years, and is aiming for 'green products', such as low-energy electricals and PVC-free televisions, to account for half of its sales by 2015.
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Chevron investors shrug off $8.6bn pollution fine
17 February 2011An Ecuadorian court has a slim chance of enforcing an $8.6 billion pollution fine against Chevron, according to one lawyer, and investors seem unconcerned with the development.
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Republicans to block Obama's green spending plan?
17 February 2011Renewable energy and energy efficiency were major winners in President Barack Obama's proposed budget, but a fiscal battle with Congressional Republicans casts serious doubt on the likelihood of any funding increases.
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Figueres voices support for carbon tax
17 February 2011Christiana Figueres, the shepherd of UN climate change talks, this week voiced support for a carbon tax to address global warming.
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Emerging market executives take lead on sustainability – survey
17 February 2011'Sustainable' business practices are seen as more important in the developing world than in developed countries, according to a survey of executives – and the gap is set to widen.
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Leading investor plays down Climate Change Committee independence threat
17 February 2011Environmental groups fear the independence of the UK's Climate Change Committee (CCC) could be threatened – or worse, the committee could be scrapped – under a public bodies bill which could shift control over the CCC's structure to government ministers. However, a leading carbon market commentator has downplayed the threat.
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Carbon Trust looks to private sector to plug funding gap
17 February 2011UK climate advisory group The Carbon Trust anticipates a 40% cut in government funding next month, prompting the group to scale-back operations, axe jobs and intensify its push for private sector funding.