Government unveils biggest ever renewable power auction round September 13, 2021 The government today unveiled the biggest ever funding round for its flagship renewable energy scheme as it seeks to accelerate investment into green energy sources. Under the fourth round of the Contract-for-Difference programme, £200m will be made available to support the development of offshore wind farms. By the end of the decade, ministers have set [...]
Exclusive: City investors increasingly pay attention to ESG reporting and transparency September 8, 2021 Professional investors in the City and across the UK are expecting a greater focus on Environmental, Social and Governance issues in small and micro-cap companies, according to new data that was shared exclusively with City A.M. today. Just over 87 per cent of all investment managers MBH Corporation spoke to said they believe the focus [...]
UK buckled under Australian pressure and removed climate goals in trade deal September 8, 2021 The UK bowed to pressure from the Australian government and agreed to take out climate commitments in a free trade deal, it has been revealed. The UK-Australia trade deal will not contain binding commitments on reaching climate goals set at the landmark 2015 climate summit in Paris, after Canberra pushed for it to be dropped [...]
Calls to delay COP26 climate talks so poorer countries can attend September 7, 2021 The UN climate talks that will be held in Glasgow next month should be postponed amid fears people from poorer countries will not be able to fully take part, environmental groups said today. But the Government insists it is rolling out vaccines for foreign delegates and will fund quarantine hotels for those who would not [...]
JCB heir Jo Bamford joins forces with City insider Max Gottschalk to launch £1bn hydrogen investment fund September 6, 2021 The heir to the JCB excavators empire, Wright Bus chairman Jo Bamford, confirmed to City A.M. this morning that he has joined forces with multi-family office Vedra Partners to launch HyCap, a new hydrogen investment fund which has set its sights on raising £1bn. The capital, which currently stands at just over £200m after the [...]
Leaked messages: Boris Johnson trying to cut Nicola Sturgeon out of Cop26 summit September 5, 2021 No10 is seeking to cut Nicola Sturgeon out of the Cop26 summit to prevent her using it as “an advert for an independence campaign”, according to leaked messages. Advisers at No 10 and the Cabinet Office have been seeking to side-line the role of Scotland’s First Minster in the global gathering, The Independent reported. According [...]
London pollution: The worse the air you breathe, the worse your Covid symptoms September 4, 2021 Exposure to air pollution increases the risk of more severe coronavirus symptoms and hospitalisation with the disease, according to a new report by Imperial College London researchers. In a review of the latest evidence available, the researchers found a strong link between a person’s exposure to air pollution before the pandemic and the worst cases [...]
Housebuilder Vistry ties bosses pay to carbon cutting efforts September 3, 2021 Housebuilder Vistry has confirmed it will link its executives pay to sustainability targets from next year onwards, amid the UK’s push for net zero. The new practice appears a tangible effort to make the carbon-heavy construction and housebuilding sector more sustainable, ahead of the UN’s flagship climate conference COP26 in November. While bosses have been [...]
Scotland a world leader on climate change? Absolutely not, says Greta Thunberg August 31, 2021 Scotland should not be seen as a world leader on climate change, as the Scottish Government claims, according to climate activist Greta Thunberg. The Swedish teenager said she has not yet decided whether she will travel to COP26, the global UN climate conference in Glasgow next month, but will do if it is “considered safe [...]
Extinction Rebellion protesters block Tower Bridge August 30, 2021 Extinction Rebellion protesters are currently blocking Tower Bridge in London with a van and caravan. Activists are also lying on the ground near the London landmark to protest against government investment in fossil fuels as part of their fifth wave of mass protests on environmental issues. Demonstrators were seen at the end of the famous [...]