News

• UK Treasury wins first round of RBS environment case

  01 November 2009

  A High Court judge has quashed an attempt by three NGOs to force the UK government to apply stricter environmental and social criteria to investments made by RBS, one of the banks nationalised during the credit crunch.

• Funds digest

  01 November 2009

  Robeco raising third clean-tech fund; Impax clears £100m for Asia environment fund; Leadenhall launches $100m cat risk funds; EIB seeks managers for sustainable energy fund; US non-profits launch energy efficiency fund

• Climate Change Capital pulls out of listed equities

  01 November 2009

  Investment manager Climate Change Capital (CCC) is pulling out of listed equities, after its loss-making unit failed to perform as well as expected.

• World Bank arranges $290m Mexico cat bond

  01 November 2009

  Mexico has sold a $290 million catastrophe (cat) bond to investors, becoming the first country to use the 'Multicat' framework developed by the World Bank.

• Aviva calls for CDP to launch 'Carbon Mitigation Project'

  01 November 2009

  The chairman of financial services group Aviva has called for the Carbon Disclosure Project (CDP) to move from disclosure to mitigation – a proposal which was enthusiastically met by the CDP's chairman and CEO.

• VAT clampdown leads to carbon market's first quarterly drop

  01 November 2009

  Both the value and the volume of carbon trading fell between the second and third quarters this year, under the twin effects of recession and a clamp-down on value-added tax (VAT) fraud.

• Centrica's $1.2bn offshore bet shows bank caution

  01 November 2009

  UK utility Centrica has announced plans to invest £725 million ($1.2 billion) in an offshore wind farm, and has refinanced part of its existing renewables portfolio with a consortium of 14 banks.

• Investors discounting Copenhagen climate talks

  01 November 2009

  Investors are downplaying the importance of the forthcoming Copenhagen talks in terms of providing a boost for – or harming the performance of – low-carbon stocks.

• Counting on Copenhagen?

  01 November 2009

  Everywhere you look, concerned environmentalists are warning that we have two months, 50 days, 45 days – and soon, less than a month – to save the planet.

• AIG Investments culls sustainability team

  29 October 2009

  AIG Investments is shedding its sustainable investment division, following its acquisition by Pacific Century Group, a Hong Kong-based private equity firm.