News

• Cox to retire as head of BP's alternatives

  11 June 2009

  BP's head of alternative energy, Vivienne Cox, is to retire from the company after four years of leading the division.

• Greens gain, but centre-right dominates, in EU elections

  11 June 2009

  The European Greens have heralded their increase in seats in last week's European Parliament elections, but with the centre-right parties as the dominant players, it looks unlikely that Europe's politicians will emerge with a stronger line on climate change in time for the UN's Copenhagen summit on climate change in December.

• Public sector must lead way on climate finance – China

  11 June 2009

  Governments from developed countries must lead the way on finance for climate change adaptation, mitigation and technology transfer, said a negotiator for China today at UN climate talks.

• Airlines promise cap on emissions from 2020

  11 June 2009

  Airlines have committed to a global cap on their carbon emissions in 2020, the International Air Transport Association (IATA) announced on Monday, but environmentalists slammed the group's lack of ambition.

• Investors warned on biodiversity risk in key sectors

  11 June 2009

  Investors have been warned of the "critical risks" to key sectors from biodiversity and ecosystem loss, in a report by the European Sustainable Investment Forum (Eurosif) and sustainable ratings agency Oekom Research.

• IFC lends Tanzania wood and energy project $18m

  10 June 2009

  The International Finance Corporation (IFC), part of the World Bank, is to lend Norwegian bioenergy and forestry firm Green Resources $18m for a $64.3m project in Tanzania to plant 8,000 hectares of forest for wood and energy.

• Galileo Weather in management buy-out

  04 June 2009

  Galileo Weather Risk Management Advisors has been bought by its founders for an undisclosed sum and has linked up with a soon-to-be-named insurance company that will provide counterparty credit.

• HSBC's sustainability efforts hit by financial crisis

  04 June 2009

  HSBC made mixed progress on its sustainability goals in 2008, according to its sustainability report published last week.

• Financial firms 'worst' at climate disclosure – studies

  04 June 2009

  Financial services companies are the worst offenders when it comes to failing to disclose climate change risks and mitigation strategies, which could have serious consequences for investors, two reports on corporate disclosure warn.

• Bridging loan tides over Econcern, but breakup imminent

  04 June 2009

  Dutch renewable energy company Econcern says it obtained short-term bridging finance earlier this week, and is now seeking to divest itself of potentially all of its joint ventures and operating companies.