Digbee: The platform helping mining firms clean up their act June 11, 2021 With the global economy now resolutely focused on the threat of climate change, businesses of all stripes are now under pressure to clean up their act. This year has seen a resurgence in climate-focused investor action against listed companies, as shareholders seek assurances that firms are doing “the right thing” with their money. Nowhere is [...]
£333m Brexit deal: UK agrees annual fishing quotas with EU June 10, 2021 The UK has today agreed its annual catch limits for the fishing industry with the EU, in a deal which the government said was worth £333m. As a result of leaving the bloc, Britain will have to renegotiate its fishing quotas independently every year. UK fisherman will be able to catch around 160,000 tonnes of [...]
Thousands of BA staff go back on furlough June 10, 2021 Thousands of British Airways (BA) staff are being put back onto the furlough scheme as the wait for a meaningful return of international travel continues. With 17 May as the date the government had set for the restart of travel, the carrier had begun to bring back workers in preparation for the summer season. But [...]
Drax signs deal with MHI to use carbon capture tech June 10, 2021 Drax Group has today announced a long-term deal to use Mitsubishi Heavy Industries’s (MHI) carbon capture technology as it seeks to make its UK plant emissions negative by 2030. By using the tech at its biomass-fired power plant in Yorkshire, Drax said it could ultimately remove more carbon dioxide from the atmosphere than is emitted across its operations. [...]
Croydon tram crash: Safety issues highlighted eight years before fatal accident June 10, 2021 The former chief engineer of the Croydon tram network highlighted safety issues with the Sandilands tunnel almost a decade before a fatal crash killed seven people, an inquest into the deaths has heard. Jim Snowdon told the jury that he had written a paper in 2008 warning there was a risk of accident on the [...]
UK should slash barriers to green free trade, says think tank June 10, 2021 The UK should slash tariffs on environmentally friendly goods and services in order to fulfil its twin goals of championing free trade and protecting the environment. A new report from the Centre for Policy Studies (CPS) says that removing such barriers to trade will minimise the costs of adopting green solutions and business practices. At [...]
Airlines bid for furlough to be extended until next May June 10, 2021 The UK airlines industry has called on the Treasury to extend furlough for sector workers until the end of April next year as the wait for the lifting of travel restrictions goes on. After weeks of speculation, the industry’s hopes were dashed in May when the government revealed that just 12 countries and dependencies would [...]
Former Volkswagen and Audi bosses to pay millions in damages over ‘dieselgate’ June 9, 2021 The former bosses of Volkswagen and Audi will pay millions in compensation related to their roles in the “dieselgate scandal”, the German car giant revealed today. The payments will form part of a €288m (£248.5m) deal, of which €270m will come from directors’ and officers’ liability (D&O) insurances. Volkswagen first said that it would seek [...]
Wizz Air says summer flying on course to beat pre-pandemic levels June 9, 2021 Wizz Air’s chief executive today said that the carrier was on track to fly more this summer than it did before the pandemic struck, a rare statement of confidence from an otherwise downbeat industry. Speaking to a conference today, Jozsef Varadi said that the Hungarian flier was already operating at 90 per cent capacity, way [...]
Ryanair wins third case against EU state aid as O’Leary’s crusade goes on June 9, 2021 Ryanair boss Michael O’Leary has now bagged a hat-trick of victories in his quest against European state aid for struggling airlines during the pandemic. Luxembourg’s General Court, the EU’s second highest court, today annulled the European Commission’s decision to $550m in support to German charter airline Condor. In its ruling, the court said that the [...]
