Greenpeace defeated in Norway Arctic oil exploration lawsuit January 23, 2020 Greenpeace has lost its attempt to disrupt Norway’s plans to expand oil exploration operations in the Arctic after an Oslo appeals court ruled against the climate group. Along with the Nature and Youth group, the environmental organisation had tried to argue that the activities violated people’s right to a healthy enivironment. Article 112 of Norway’s [...]
Volkswagen hit with largest environmental fine in Canadian history January 23, 2020 Volkswagen has been hit with the largest environmental fine in Canada’s history after the automobile giant pleaded guilty to dozens of diesel emissions violations. In December the carmaker was charged with importing 128,000 vehicles into the country which breached emissions standards. As a result, the firm will be forced to pay CA$196.5m (£113.7m) for 60 [...]
Mothercare replaces senior leadership as firm gets to grips with new life January 23, 2020 After closing all 79 of its stores last weekend, collapsed retailer Mothercare has this morning announced wholesale changes to its leadership. Following on from November’s transformation plan, when the group announced plans to become an international franchise operation, the firm today said that chief executive Mark Newton-Jones would step down. He will remain as an [...]
Asos chases away blues with record Black Friday performance January 23, 2020 Online retailer Asos beat the January blues with this morning’s trading statement as revenue grew 20 per cent across the group for the final four months of 2019. The fashion firm said that the growth, which was consistent across all of its divisions, was due to record Black Friday sales. Total sales hit £1.1bn, driven [...]
Anglo American boosts production despite copper slump January 23, 2020 Mining giant Anglo American shook at water shortages at its copper mine in Chile to post a four per cent increase in production in the fourth quarter. Output from the Los Bronces mine slumped 28 per cent, which pulled the group’s overall coper production down around 13 per cent. However, strong performance of 6.2m tonnes [...]
John Laing chief steps down after six years at infrastructure giant January 23, 2020 John Laing chief executive Olivier Brousse has this morning resigned from the long-running infrastructure firm in order to take up a new role at French utility Veolia. Brousse, who has been at the firm since 2014 and led the firm’s initial public offering in 2015, will remain at the company while a successor is identified. [...]
Citizens Advice warns government over ability to achieve net zero by 2050 January 23, 2020 Charity network Citizens Advice has issued a warning to the government saying that it risks fatally undermining the country’s ability to achieve net zero by 2050 unless it puts the public at the heart of the process. According to a new report from the charity, which is the UK’s official consumer watchdog for energy, 82 [...]
Natural disasters knock global economy for $232bn hit in 2019 January 22, 2020 Economic losses from natural disasters topped $232bn in 2019 as the costliest decade on record comes to a close, according to a new report by insurance giant Aon. There were 409 natural disasters in 2019, 41 of which were responsible for wiping out over a billion dollars each. The two costliest events were the twin [...]
Antofagasta hails record production as it shrugs off strikes January 22, 2020 Chilean mining giant Antofagasta hailed record production in 2019 despite unrest in Chile causing major disruptions to its projects in the country. Copper production came in at the top end of the firm’s guidance at 770,000 tonnes, 6.2 per cent higher than last year. Production did take a 5.8 per cent hit in the final [...]
Brazil to begin discussions on joining oil cartel Opec January 22, 2020 Brazil is set to begin discussions on joining oil producer cartel Opec, its energy minister announced today. Bento Albuquerque said that talks would begin during a visit to Saudi Arabia, the group’s de facto leader, in July this year. He hastened to add that Brazil would not join the group this year. Brazilian president Jair [...]
