On Tuesday, an alliance of 35 non-governmental organizations told Bank of China, a major global investor in coal- power plants, that it must end the financing of projects which fuel global warming and instead support clean and renewable energy. In… Read More ›
On Tuesday, in a significant development Royal Dutch Shell is facing a lawsuit brought on by environmentalist and human rights groups demanding that the energy giant cut its reliance on fossil fuels. In April 2019, seven activist groups, including Friends… Read More ›
On Monday, Germany’s Economy Minister Peter Altmaier told German broadcaster Deutschlandfunk, in his assessment uncertainty in the United States is likely to continue for months and clarity would emerge only in spring regarding the direction U.S. policy would take. His… Read More ›
On Friday, in a statement Norway’s sovereign wealth fund stated, it will vote in favor of a resolution which will commit Barclays to tackle climate change at the bank’s annual general meeting on May 7. The resolution calls on Barclays… Read More ›
On Tuesday, Standard Chartered stated, by 2024 it will $75 billion in financing towards clean energy projects and sustainable development. The development sees Standard Chartered aligning its aspirations in support of the Paris Agreement on climate change. In a statement,… Read More ›
In a study aimed at putting the nail in the coffin of the perception that a low-carbon economy would be costly, the study concluded that moving to renewable energy sources could significantly boost the global economy. According to the results… Read More ›
With elections looming for the state of Victoria in November, a lucid, clear cut energy policy could be a challenge for the coalition government. Australian states are set to vote on a new energy policy this coming Friday which could… Read More ›
Investors are increasingly using their financial muscles to reward companies that limit their investments towards fossil fuel companies. On Monday, the world’s biggest reinsurer, Munich Re, stated it will stop investing in shares and bonds of companies that generate more… Read More ›
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