Michael Hurley

Shareholder action forces oil giant Exxon to increase climate disclosures

ExxonMobil is to start publishing reports on how policies to reduce global warming affect its profits, a move which marks a major victory for shareholder action on climate change, according to New York State Comptroller Thomas DiNapoli.

BNP to launch voluntary carbon market tool

A service to encourage investment in voluntary carbon offsetting projects is to be launched in mid-2018 by French bank BNP Paribas.

UK pension funds advised to adopt TCFD reporting and engage on climate

The UK's Pensions and Lifetime Savings Association (PLSA) has warned of the "severe" short-term risks to pension fund investments posed by climate change, as it releases a framework to help them mitigate climate risk and exploit opportunity.

Hg Capital completes spinout of renewables business to Asper

UK-based private equity firm Hg Capital has completed the spinout of its renewables infrastructure investment business, which includes funds with more than €800 million ($945 million) in commitments.

Green bonds round-up, 6 December 2017

Foresight launches UK fund to exploit infrastructure opportunity

A fund looking to exploit the 'stable and predictable demand' in UK renewable energy and infrastructure investments, with a target size of £100 million ($135 million), has been launched by Foresight Group.

Macquarie negotiating debt deal in world's largest biomass plant

Macquarie Group is understood to be in discussions with a consortium of Korean investors to introduce mezzanine debt to the construction of the world's largest biomass power plant.

UK's Brunel Pension Partnership joins IIGCC

The Brunel Pension Partnership has become the first of the UK's eight pooled local government pension schemes to join the Institutional Investors Group on Climate Change (IIGCC).

Green Investment Group enters energy-efficiency-as-a-service market

The Green Investment Group (GIG) has launched a 'pay-as-you-save' energy efficiency service, which has no upfront costs, for medium to large energy consumers in the UK.

Canada Pension Plan to buy up ReNew shares with an eye on IPO

Canada Pension Plan Investment Board (CPPIB) is positioning itself to acquire a stake of about 15% in Indian solar and wind company ReNew Power before the renewables company's initial public offering in 2018.