ICAS calls for a UK tax strategy to support the transition to net zero May 5, 2022 | City Talk ICAS has issued a briefing paper ‘The role of tax in getting to net zero’, discussing how tax can be a vital part of the package of measures needed to deliver the UK’s ambitious target for reducing emissions. The UK’s Net Zero Strategy In 2019 the UK put into legislation a requirement to bring all [...]
Allianz vows to stop insuring Arctic oil and gas projects April 29, 2022 Insurance giant Allianz has said it will stop insuring Arctic oil and gas fields by the middle of next year. The German multinational, which is one of the biggest oil and gas sector insurers in the world, vowed to stop insuring new oil and gas fields, oil powerplants, and oil pipelines in the Arctic by [...]
Standard Chartered London HQ and global offices targeted by fossil fuel protests April 19, 2022 Standard Chartered has become the latest London-headquartered bank subject to climate change protests, as activists seek to stop investments in oil and gas. The nearly 170-year-old bank is the only bank in the UK facing a shareholder-proposed resolution on climate change at its annual this year. Despite protests erupting outside the British bank’s office in [...]
Camden building becomes first ‘net zero carbon’ residential home in the UK April 6, 2022 Camden is home to the first ‘net zero carbon’ residential house in the country, marking a watershed moment in the drive for cleaner energy. Max Fordham House uses a mixture of saving measures, including insulation and renewable energy, to achieve net zero. The building, designed for and lived in by designer Max Fordham, was validated [...]
Aviva chief Amanda Blanc to sit alongside Sir David Attenborough as ambassador for WWF March 31, 2022 Aviva chief executive Amanda Blanc is set to join a group of high-profile environmentalists in becoming an ambassador for nature charity WWF. In taking up her new position, the Aviva chief will sit alongside Sir David Attenborough and other prominent figures on WWF’s Council of Ambassadors. The insurance exec’s new role as ambassador will see [...]
Amazon ditches diesel with the UK launch of five new electric heavy delivery trucks March 24, 2022 Amazon has launched its first fleet of 37-tonne fully-electric heavy goods vehicles (HGVs), in a bid to ‘deliver’ on its 2040 net-zero target. Ditching diesel, the five new trucks are set to travel 100,000 miles a year powered by renewable electricity, meaning 170 tonnes of CO2 emissions are removed. The fleet will be charged at [...]
Exclusive: City buildings on track to be collectively carbon negative by 2027 February 11, 2022 Buildings in the City are on track to be collectively carbon negative by 2027, according to new research shared exclusively shared with City A.M. today. Drafty buildings produce 40 per cent of the UK’s carbon emissions, which London has been tackling for more than decade. Emissions from offices, homes and factories have shrunk steadily since [...]
Government slashes EV grant a second time in bid to reel in spending December 15, 2021 The government has slashed its grant for electric vehicles (EVs) for the second time this year, in a bid to reel in spending as inflation hits a decade-long high. The grant has been cut from £2,500 to £1,500, while the value of vehicles eligible for the funding assistance has been trimmed down by £3,000 to [...]
Decarbonisation is primary driver for transport investment, says DLA Piper November 17, 2021 Decarbonisation has become the primary driver for investment strategy in the transport sector. According to a report by law firm DLA Piper, 79 per cent of respondents from the railway industry believe decarbonisation a primary driver for their organisation’s investment strategy. Numbers go up when considering those working in the aviation and shipping industries, with [...]
IBM and Amazon team up to help oil companies manage data as industry seeks innovations November 15, 2021 IBM and Amazon Web Services (AWS) are teaming up to provide oil companies with more tools to manage data and to share production information more efficiently. The duo has worked together to ensure oil companies can use IBM technology OpenShift to record and store oil production information. In 2018, AWS worked with Royal Dutch Shell [...]