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Private equity giant to develop environmental metrics
01 June 2008Leading US private equity firm Kohlberg Kravis Roberts & Co (KKR) is to require companies in which it invests to measure and improve their environmental performance, in a partnership with Environmental Defense Fund (EDF). The two organisations are to develop pilot metrics that they hope will be rolled out across KKR's portfolio and, ultimately, more widely.
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Shell turns away from landmark wind project
01 June 2008Royal Dutch/Shell is weathering a storm of criticism after confirming plans to sell its stake in the London Array – a massive 1,000MW offshore wind farm.
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Exxon resists shareholder revolt on climate, governance
01 June 2008ExxonMobil has resisted pressure to strengthen its response to climate change by the descendants of the company's founder, John D Rockefeller, as well as by large institutional shareholders, including the $250 billion California Public Employees Retirement System.
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Coalition questions EBRD and IFC?financing for ArcelorMittal
01 June 2008Multilateral banks are under fire for continuing to finance the expansion of ArcelorMittal, despite the steel giant's questionable record on meeting environmental, social and human rights standards.
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After Andrew and Katrina
01 June 2008It took Hurricane Andrew to create the catastrophe risk market, and Hurricane Katrina really to prove its worth. Not even the sub-prime crisis has blown it off its course, says Albert Selius
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Supply chains targeted to disclose carbon risk
01 June 2008The Carbon Disclosure Project (CDP) is sending a second series of questionnaires to more than 1,000 companies supplying major multinational businesses, to try to understand better the climate risks in supply chains.
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Beating the credit crunch
01 June 2008Despite the credit crunch, clean-tech entrepreneurs can still raise money, says Alexander Munro – and here's how
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Troubled carbon firms set for takeovers
01 June 2008Carbon project developers Econergy and AgCert are both set to be taken over, following troubled times for both firms.
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To the Equator and beyond
01 June 2008This month, and this issue of Environmental Finance, mark the fifth anniversary of the Equator Principles. Five years ago, 10 private sector banks came together to announce that they would voluntarily commit to applying these environmental and social principles to their project finance business.
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New Forests wins investment from Generation
01 June 2008Generation Investment Management has taken a minority equity stake in Sydney-based New Forests, an investment management and advisory services firm managing more than $150 million in forestry and environmental assets.