This Simple Rule Change Unleashes Energy Storage Rager Upon UK For Green COVID-19 Recovery
Liquid air batteries and other high capacity, long duration energy storage systems could soon sprout across the UK like mushrooms after a rain.
Bank of England
#Sludge Report — Who Is Funding The Fossil Fuel Industry?
Banks have provided trillions of dollars in financing for fossil fuel projects in recent years. Those investments endanger us all.
“The Accountants Are Taking Over” In The Oil & Gas Industry
Most energy companies today report on their climate, environmental, and social impacts. In the EU, they are even legally obliged to do so. But how transparent are these reports? How can they be compared? And how will they be used by investors and policymakers? Clare Taylor spoke to a number of experts and learned that energy companies are increasingly under pressure to improve their non-financial reporting – and that there is more legislation to come. Meanwhile, one NGO is working on a global benchmark. “The accountants are taking over.”
World’s Foremost Central Banks Discuss Carbon Bubble & Divestment
What risks does climate change pose to the stability of financial institutions? What role can and should supervisors play in mitigating these risks? These increasingly pressing questions were topics of discussion in Amsterdam on Friday, where 200 central bankers and financial supervisors from over 30 countries gathered during the first ever International Climate Risk Conference.
No Time Toulouse
For the past few decades, the simple message “no time to lose” has fallen on deaf ears, leaving many of us pushing for climate action feeling like Eric Idle in the homonymous Monty Python skit, in which he goes out of his way to help Michael Palin utter the four … [continued]
UK Pension Funds Have Lost £683 Million To Failed Coal Investments
New figures suggest that UK local council pension funds lost up to £683 million because of failed investments in coal. According to new calculations by Platform London, and released in conjunction with 350.org, Friends of the Earth, and Community Reinvest, failed investments in coal firms caused by the recent coal crash cost … [continued]
Global Divestment Day: Climate Action Vs Carbon Bubble Risk
The first-ever Global Divestment Day will bring the surging fossil fuel divestment movement to an international stage with action on five continents.
