Insurers face $5.5 billion bill from US tornadoes, floods

ING further restricts upstream oil & gas financing

ING has further tightened its restrictions on financing the oil and gas sector, although one NGO branded the development as being "of little value".

'Tide has definitely shifted on nuclear' in green finance

Attitudes towards the place of nuclear power in sustainable finance markets have "definitely shifted" in the last couple of years, an Environmental Finance event has heard - but their place in green bonds remains a "separation point" in the market.

M&G's £5bn Catalyst fund to open to institutional investors in 2025

M&G Investments plans to open its £5 billion ($6.6 billion) Catalyst fund to institutional investors from next year, Environmental Finance has learned, in a move that should enable it to expand.

Climate Asset Management closes nature funds after securing over $1bn

US regulator approves voluntary carbon credit guidance

The Commodity Futures Trading Commission (CFTC) has approved guidance on the listing of voluntary carbon credit derivative contracts for CFTC-regulated derivatives exchanges, which the agency said would drive standardisation, deter market manipulation and help price discovery.