climate change

Bank of England tells banks to take climate action now or face profit hit

Banks and insurers that fail to manage climate risks as a "first-order" issue could face a 10% to 15% hit…

4 years ago

Climate change is hurting insurers, report says

Climate change is hurting the insurance industry and only 8% of insurers are preparing adequately for its impact, consultants Capgemini…

4 years ago

EXCLUSIVE Dutch bank ING ends financing for new oil and gas projects

ING Groep NV (INGA.AS) will no longer finance new oil and gas projects, its energy chief said, becoming the biggest bank yet…

4 years ago

India’s Reliance intensifies green push with $80 bln investment in Gujarat

India's Reliance Industries (RELI.NS) said it would invest 5.95 trillion rupees ($80.49 billion) to set up green energy projects and bolster its…

4 years ago

Analysis: Biden’s regulatory agenda to take shape in 2022

Next year will be a turning point for U.S. financial policy as Democratic President Joe Biden's new regulators ready a…

4 years ago

Analysis: Pandemic debt adds to challenge of funding world’s climate goals

Huge spending by governments kept the world economy afloat during the pandemic as officials mobilized a fiscal response not seen…

4 years ago

Risky business: Climate change turns up the heat on insurers, policyholders

Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned…

4 years ago

World leaders seek ways to strengthen global supply chains

U.S. President Joe Biden and 16 other world leaders on Sunday discussed action to make supply chains more resilient in…

4 years ago

World must triple clean energy investment by 2030 to curb climate change -IEA

Investment in renewable energy needs to triple by the end of the decade if the world hopes to effectively fight…

4 years ago

Sweden’s Vattenfall raises emission targets, eyes 2040 net zero goal

Swedish energy company Vattenfall (VATN.UL) said on Monday it increased its emission reduction goals for 2030 and brought forward its…

4 years ago