Green stocks are often overpriced and can offer investors limited scope for making a positive impact on the environment, the chief executive of Aviva Investors has argued. “I believe that as a general strategy, buying brown and helping it to become green will deliver better investment returns, and it doesn’t matter what asset class you’re…
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Crédit Agricole, the French bank that won plaudits from environmental campaigners three years ago for its strong stance on cutting links with the coal industry, is now under fire from the same green activists after continuing to finance several groups that are developing coal projects. France’s second-biggest bank helped arrange loans and bonds over the…
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Shortly after taking the helm at BP two years ago, Bernard Looney issued a rallying cry at its grand London headquarters, captivating staff with a vision to turn the 112-year-old oil major into an integrated energy company of the future. Within months the strategy appeared to be stalling, with the pandemic throttling oil demand and…
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The UK start-up with ambitious plans to build a battery gigafactory to help equip the nation’s car industry for an electric future has secured renewed support from Glencore in a £200mn funding round. Britishvolt said the miner and commodity trader would be the cornerstone investor in its Series C financing, which is being opened to…
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California PUC adopts plan to add 25.5GW of renewables by 2023 No posts to display We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok
Medical leaders have made a rare intervention in the climate change debate, calling on the UK government to halt new oil and gas exploration to avoid further damage to the nation’s health. The broadside is contained in a letter signed by institutions with a combined membership of more than 250,000, including the British Medical Association,…
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Duke Energy aims to double renewable energy capacity by 2030 Home News Duke Energy aims to double renewable energy capacity by 2030 No posts to display We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy…
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This article is an on-site version of our Moral Money newsletter. Sign up here to get the newsletter sent straight to your inbox. Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT Happy Valentines Day! We hope you are feeling plenty of luuurve, wherever you may…
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The new head of Boston Consulting Group has said he wants to hire climate activists to work for the consultancy as it pushes to win fees by advising companies on their plans to reach net zero emissions. Christoph Schweizer also said the consulting group had tightened its policies on working for companies in high-emitting industries,…
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FERC receives two proposals for same California pumped storage location Home Baseload FERC receives two proposals for same California pumped storage location No posts to display