The Treasury’s narrow-minded Net Zero review is holding back Boris Johnson’s climate agenda May 21, 2021 Some truisms are worth repeating: the Treasury is powerful. Unlike its counterparts overseas, the Treasury in Britain is ale to set policy for economic development and control government spending. This power, however, is also an impediment on progress. It is one of the slowest Whitehall departments to change its ways and is holding back the [...]
Wincanton supply chains to be net zero by 2040, as profits slip May 20, 2021 Supply chain partner Wincanton is set to be net-zero by 2040, the group said today, but has been knocked slightly by a slip in profitability. With environment, social and governance (ESG) factors climbing increasingly higher on the investor agenda, the group’s shares were up 3.95 per cent to 447p per share this afternoon. The group [...]
Climate risk start-up Cervest closes $30m funding round May 20, 2021 A tech start-up which has developed a number of tools to help firms keep track of climate risk has today closed a $30m Series A funding round. Cervest, which was founded in 2016, uses its “climate intelligence” platform to allow companies to keep track of environmental threats to their assets. Venture capital firm Draper Espirit [...]
Golden eagles and wildcats could return to England May 19, 2021 The UK government announced a scheme to reintroduce wildcats and golden eagles back into the country. Reintroductions and habitat restoration work will help reverse decline of wildlife and meet new legally binding biodiversity targets, said the government in a new announcement. Golden eagles have been almost completely absent from English skies for around 180 years, [...]
Climate-related reporting sprints to centre stage May 19, 2021 | City Talk As the world begins to count the days to the start of the summer Olympics, a far more importance race for the human race has also begun in earnest. Whether due to the fast-approaching COP26 conference due to be held in Glasgow in November, efforts are now taking place at considerable pace to move the [...]
Shell’s shareholders vote for its climate strategy, despite growing support for its activist rival May 18, 2021 Energy giant Shell saw its shareholders overwhelmingly support the company’s energy transition strategy today, despite growing backing for a second climate resolution filed by an activist group. An advisory vote on its climate strategy, which meant it was a non-binding resolution, won 88.74 per cent shareholder support at its annual general meeting (AGM) today. The [...]
Net Zero: New oil, gas and coal development must end this year, IEA says May 18, 2021 New oil and gas field development and extraction must end this year, while no new coal-fired power stations can be built if the Earth is to stay within safe limits of global warming, the world’s leading energy organisation has said today. Halting developments is fundamental to meeting the net-zero emissions goal by 2050, to keep [...]
In the lead up to COP26, ministers need to revolutionise procurement policies to meet net zero targets May 14, 2021 Boris Johnson’s bold aim to cut carbon emissions by 78 per cent by 2035 has cemented Britain’s commitment to address the climate crisis in the lead up to COP26 in Glasgow later this year. Questions on delivery remain, however. While we await the Treasury’s much-anticipated Net Zero review, the UK needs to deploy a smart [...]
Consign coal to history ahead of COP26, says Sharma May 14, 2021 Alok Sharma has this morning called on nations around the world “to consign coal to history” ahead of this autumn’s COP26 climate conference in Glasgow. Speaking this morning, the UK’s president for the crunch talks said the G7 economies would lead the way in the quest to stop using the fossil fuel. “Because if we [...]
Vote against Shell’s energy transition strategy, Pirc urges investors May 11, 2021 Shareholder advisory PIRC has recommended investors vote against Shell’s non-binding resolution on its energy transition strategy at its annual meeting next week. The Pensions & Investment Research Consultants (PIRC), a major proxy advisory, said Royal Dutch Shell’s strategy to cut emissions “does not seem to have a clear plan for the competitive aspects of the [...]