Michael Hurley

Articles by Michael Hurley

  • 'Big four' Australian banks slammed for fossil fuel backing

    25 July 2017

    Australia's 'big four' banks have invested AUD17 billion ($13.5 billion) in fossil fuel extraction projects since they committed to keep global warming to well below 2°C, Australian environmental pressure group Market Forces has said.

  • CDP report says Vedanta "markedly out of line" on climate risk

    25 July 2017

    A CDP report says as much as $16 billion in emissions costs is being generated in the value chains of mining giants, including Vedanta Resources and Freeport McMoRan, as they fail to manage their own climate risk.

  • UK's £246m plans to jolt battery industry into life

    24 July 2017

    The UK Government plans to jolt new life into its battery storage industry, with a £246 million ($320 million) investment to make it a world leader.

  • Foresight purchases second UK battery storage facility

    24 July 2017

    UK-based investment manager Foresight has acquired a 10MW battery storage project, adding to its expansion in the sector after the purchase last month of a 35MW facility in north-east England.

  • Luxembourg reserve pension fund plans green bond fund

    21 July 2017

    Luxembourg pension reserve fund Fonds de Compensation (FDC) plans to launch a pair of sub-funds, for green bonds and 'positive impact' equities, respectively.

  • Renewables investment firm Cubico appoints chief executive

    21 July 2017

    Cubico Sustainable Investments has appointed Stephen Riley as its chief executive. Riley had since January been a non-executive director at the company.

  • NRG yieldco sell-off 'unlikely' to spark bidding war

    21 July 2017

    A bidding war is unlikely in NRG Energy's sale of up to 100% of its stake in yieldco NRG Yield, even if strong interest exists, a financial analyst has said.

  • Nine UK pension funds to adopt much of EAPF's responsible investment strategy

    20 July 2017

    A newly created pool of ten UK Local Government Pension Scheme Funds, with total assets of £27.5 billion ($35.9 billion), will extend much of the Environment Agency Pension Fund's (EAPF) responsible investment strategy across its funds.

  • Oversubscribed Greencoat Renewables IPO raises €270m

    20 July 2017

    Investment company Greencoat Renewables has raised €270 million from its initial public offering, a result of "heavy demand" for its shares.

  • UK Environment Agency pension fund points to longer term success after annual underperformance

    19 July 2017

    The UK Environment Agency Pension Fund's (EAPF) multi-asset 'active' fund last year underperformed its benchmarks by 1.6 percentage points, but it pointed to its longer term outperformance as evidence of the success of its strategy.

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