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Extinction Rebellion shattered over a dozen windows at HSBC’s headquarters in Canary Wharf as the group stages a climate change protest against the bank’s investment policies. Activists from the Extinction Rebellion group used hammers to break windows and pasted stickers on walls and windows before sitting down to wait for the police to arrive, according to [...]
Leading financial services firms have today announced the launch of a new alliance to reach net zero emissions ahead of President Biden’s climate summit. The Glasgow Financial Alliance for Net Zero (GFANZ) will bring together existing and new net zero initiatives and will be made up of 160 of the world’s biggest banks, asset managers [...]
The UK has announced a hike in its pledged fossil fuel emission cuts in a year that ends with its hosting of the COP26 climate summit. Boris Johnson has today made a new commitment to cutting emissions by 78 per cent by 2035 compared to 1990 levels, up from 68 per cent in 2030. Johnson [...]
A group of investors managing $11 trillion in assets is calling on banks to set radically enhanced emissions targets ahead of a key meeting aimed at tackling climate change. The group, which includes Aviva Investors and Legal & General Investment Management, said banks have a “critical role” in aligning the economy with net zero targets. [...]
Later this year, representatives of over 190 governments will gather at COP26 to voice their commitments to tackling the climate crisis, confirm a “landing zone” on net zero and negotiate the intricacies of the Paris Agreement rulebook. But it’s an illusion to think that government commitments are enough to kick-start climate recovery. Since the global [...]
The Science Museum has come under fire today as it revealed that Shell is a “major sponsor” of its flagship climate exhibition. The exhibition set for its reopening on 19 May, will focus on carbon capture and storage (CCS) technology, which Shell has said is “essential for society to reach the goals of the Paris [...]
BHP has completed its first refuelling of a ship with biofuel in a trial run aimed at reducing carbon emissions, the company announced today. It was the first time that a ship has been refuelled with biofuel in Singapore, the world’s largest bunkering hub. A biofuel blend derived from sustainable feedstock sources such as cooking [...]
Alok Sharma has today told MPs that the UK is working to ensure that this November’s COP26 climate summit can be held in person. Speaking in Parliament today, Sharma, the conference’s president, added that there was no intention of postponing the conference for a second time. “We are working very hard to ensure we deliver [...]
A group of European business leaders and politicians have today called on US President Joe Biden to dramatically increase its commitment to cutting greenhouse gases by the end of the decade. In a joint statement, 107 chief execs and lawmakers wrote: “We, European political decision makers, CEOs, business organizations, trade unions and think tanks, call [...]
There are myriad myths surrounding the climate crisis which desperately need to be debunked this year. Two in particular that are long overdue: the belief that environmentally-focused investments don’t deliver a strong bottom line and the idea that responsibility to deal with climate change and protecting biodiversity rests on the shoulders of Governments. Both are [...]
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