Michael Hurley

Articles by Michael Hurley

  • Equinor buys energy trading company in move toward cleaner fuels

    06 July 2018

    Oil and gas company Equinor has acquired power and gas trader Danske Commodities (DC), as it looks to shift its business model toward cleaner fuels.

  • Channelling capital into forest conservation

    06 July 2018

    A significant increase in the level of private finance being channelled into forest conservation is required in order to meet the aims of the Paris Agreement, a roundtable organised by Environmental Finance and Finance for Forests heard. Michael Hurley reports

  • Impax assets rise by 7% in third quarter

    06 July 2018

    Impax has grown its assets under management (AUM) to £11.8 billion ($15.6 billion), an increase of 7% compared with the previous quarter.

  • AccorHotels signs €1.2bn sustainability-linked loan

    06 July 2018

    A consortium of 15 banks has signed a deal with AccorHotels to link the interest rate on a €1.2 billion ($1.4 billion) loan to the hospitality company’s sustainability performance.

  • Green Climate Fund director quits following ‘challenging’ meeting

    05 July 2018

    Howard Bamsey has resigned as executive director of the Green Climate Fund (GCF), it has been announced.

  • Green bonds round-up, 4 July

    04 July 2018

    Spanish utility Iberdrola has returned to the market with its tenth green bond. The €750 million deal pays a coupon of 1.25% and matures in October 2026.

  • NY Green Bank forges ahead with plans for $1bn fundraise

    28 June 2018

    The NY Green Bank has moved forward in its effort to raise at least $1 billion from private investors following the appointment of a strategic advisor.

  • Green Bonds round-up, 27 June

    27 June 2018

    KBC Group, a leading Belgian financial institution, has issued its first green bond – a five-year, €500 million ($600 million) transaction that was three-times oversubscribed.

  • AP4 pension fund divests from 22 coal companies

    26 June 2018

    The Fourth Swedish National Pension Fund (AP4) has divested from 22 coal companies to reduce the carbon footprint and climate risk in its global equities portfolio.

  • Tar sand pipeline divestment doesn’t fit PGGM’s climate strategy, CIO says

    25 June 2018

    Dutch asset manager PGGM has rejected criticism from Greenpeace that its investments in tar sand pipeline companies do not align with the aims of the Paris Agreement.