Michael Hurley

Articles by Michael Hurley

  • Investors pressure oil and gas companies to improve methane disclosures

    22 October 2018

    Investor heavyweights Robeco and California State Teachers’ Retirement System (CalSTRS) have thrown their weight behind an initiative urging oil and gas companies to improve their disclosure of methane emissions.

  • Private equity will struggle to implement TCFD, lawyer predicts

    19 October 2018

    Private equity firms will struggle to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) across their many portfolio companies, a lawyer has predicted.

  • UK Financial Reporting Council to set up climate lab

    18 October 2018

    A working group to improve company reporting of information related to climate change is to be established by the UK’s Financial Reporting Council (FRC).

  • Legislation to clarify fiduciary duty could be mistake, says law firm

    18 October 2018

    Efforts to clarify investors’ fiduciary duty with regards to environmental, social and governance (ESG) factors in regulation are misplaced and could “unnecessarily box investors in”, according to law firm Baker McKenzie.

  • Green bonds round-up, 17 October 2018

    17 October 2018

    German commercial bank Berlin Hyp has raised €500 million ($578 million) from its third green Pfandbrief. This takes the total green debt issued by the bank to €3 billion.

  • ScottishPower sells last gas asset to complete shift to renewables

    17 October 2018

    ScottishPower has become the first integrated energy company in the UK to shift completely from coal and gas generation to wind power, after completing the sale of its traditional generation business to power company Drax for £702 million ($922 million).

  • IIGCC urges pension funds to improve climate risk management

    17 October 2018

    Pension funds have been urged to improve their management of climate-related risks and opportunities by a group of investors with more than €21 trillion ($24.3 trillion) in combined assets.

  • Central banks make rallying cry for swift action on climate risk

    15 October 2018

    The financial risks presented by climate change are “system-wide and potentially irreversible… and [these] risks call for action in the short-term to reduce impact in the long-term”, a group of some of the world’s most influential central banks and supervisors has warned.

  • Nasdaq launches 'world-first' ESG index-based futures contract

    15 October 2018

    Nasdaq claims it has launched the world's first exchange-listed futures contract based on an environmental, social and governance (ESG) index.

  • EU ETS prices not high enough to trigger switch from coal, says Natixis

    15 October 2018

    The surge in the price of EU carbon allowances in the past months remains insufficient to trigger a switch away from heavily polluting fuels such as coal, according to French bank Natixis.