London launches England’s first hydrogen-powered double decker buses June 23, 2021 Transport for London (TFL) will today add 20 new environmentally friendly hydrogen double decker buses to its fleet. Launched by London mayor Sadiq Khan in Ealing, the buses will provide commuters with smoother, quieter journeys thanks to less vibrations. Free-to-use USB charging ports will also be available onboard. They will join more than 500 electric [...]
FCA tables new climate disclosure rules to tackle fossil fuel investment chains June 22, 2021 The UK’s financial watchdog has tabled new proposals on climate-related disclosure rules for listed companies and certain regulated firms in the UK today. As climate-conscious commitments and environmental disclosure climb in importance for investors and consumers alike, the Financial Conduct Authority’s (FCA) new rules help ensure climate-related risks are known across the investment chain. “The climate change [...]
Protecting the green belt is not about the environment, it’s blinkered self-interest June 22, 2021 The UK needs approximately 345,000 new homes per year if we are to tackle our housing crisis. It is also estimated that by developing just 5.2 per cent of the existing Green Belt, we could build 1.4 million homes. Everybody knows the UK is in the throes of a housing crisis, yet we refuse to [...]
Medical leaders pile pressure on Boris Johnson to slash legal air pollution levels June 21, 2021 Prime minister Boris Johnson has been urged to cut legal levels of air pollution in the UK by the country’s top medical organisations in a letter today. Following the death of London nine-year-old Ella Kissi-Debrah, the first person in the UK to have pollution listed as a cause of death, the World Health Organisation (WHO) [...]
Mindy Lubber, CEO of Ceres, on why the private sector must wake up to the economic impact of climate change June 18, 2021 | City Talk As President and CEO of Ceres, Mindy Lubber is a world-leading voice on sustainability and finance. She tells Laurence Eastham why the private sector must act now on climate change or risk being left behind. Ceres has been there from the very start. The sustainability advocacy organisation, founded in the wake of the Exxon Valdez [...]
Britain can win the race for hydrogen supremacy if it faces down competition from Japan June 17, 2021 Japan has made an unprecedented commitment to hydrogen power as an alternative energy source, investing US$19.2 billion in the technology in new funding alone. As first out of the starting blocks, Japan has staked its claim as the world leader in the industry. We are at a critical juncture, however, and there is a golden [...]
A UK-Australia trade deal must address Canberra’s reluctance to tackle climate change June 16, 2021 The new trade deal with Australia is the first building block in the Prime Minister’s vision for a Global Britain, and sets the UK on a firm path to joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. There has already been fierce debate over the contents of the agreement. Environmental concerns must be at [...]
Mean on green: LGIM oust four companies over ‘insufficient’ climate commitments June 15, 2021 One of London’s oldest fund managers Legal & General Investment Management has said today it will exclude four companies from some of its funds over their “insufficient” climate change response. US insurance giant AIG, the most notable of the divested companies, joins Chinese lender Industrial and Commercial Bank of China, US utility company PPL Corporation [...]
CBI boss warns world’s path is ‘way off track’ in tackling climate change June 14, 2021 The boss of the UK’s biggest business lobby group has urged today that the world is “way off track” in tackling climate change. With “no room for failure”, the Confederation of British Industry (CBI) director-general Tony Danker has outlined key corporate areas for change. Danker, who called for the government to strengthen its 10-point plan, [...]
Multinational tax dodging strategies should be as damaging as fuelling climate change June 11, 2021 The G7’s landmark deal to tackle tax avoidance and crack down on multinational companies that treat our global economy as a financial rabbit warren, might seem a welcome step in the right direction. But until businesses start seeing tax as an investment opportunity as opposed to an unwelcome bill, it’s unlikely to make much of [...]