BOJ to launch new scheme for fighting climate change, keeps policy steady
The Bank of Japan surprised markets on Friday by unveiling a plan to boost funding for fighting climate change, joining a growing number of central banks stepping up efforts to address its economic and financial fallout.
Analysis: Biden may hinder oil and gas drilling even after court loss
U.S. President Joe Biden’s administration has the power to stymie oil and gas development on government-controlled lands and waters, industry and environmental experts said, even though a court decision ended his freeze on federal drilling auctions.
Quoting Irish poet, Biden ends EU trade war in renewal of transatlantic ties
U.S. President Joe Biden ended one front in a Trump-era trade war when he met European Union leaders on Tuesday by agreeing a truce in a transatlantic dispute over aircraft subsidies that has dragged on for 17 years.
Britain’s biggest investor drops AIG, others from some funds over climate
Legal & General Investment Management, Britain’s biggest asset manager, said on Tuesday it would drop four companies from a number of its funds over their “insufficient” response to the challenge of climate change, including U.S. insurer AIG (AIG.N).
Climate change is a major source of concern in the UK! These steps can be taken to avoid it!
Changes in the natural climate are visible, and they are a source of real concern not only for the United Kingdom but also for the rest of the world. The government should tighten regulations concerning pollution, carbon emissions, and other issues. Every individual should step forward and accept responsibility for reducing pollution as much as […]
Analysis: Climate change: Central banks’ new inflation puzzle
For Bank of England chief Andrew Bailey, tackling climate change carries inflation risks if you do too little, too late. For Larry Fink, head of investment giant BlackRock (BLK.N), the risk is if you go too fast.
New Exxon board member Hietala brings business transformation experience
Exxon Mobil’s newly elected board member Kaisa Hietala says her work at Finnish refiner and biofuel producer Neste makes her more than just a champion of biofuels, she also has experience transforming a business.
Climate change risks will affect U.S. bank capital in long-run – official
U.S. regulators will “eventually” have to factor climate change risks into bank capital rules, but it is still too soon to say when that would become necessary, a top official told Reuters.
REUTERS EVENTS Bank of England’s Bailey unconvinced by carbon capital rules
Bank of England Governor Andrew Bailey said on Tuesday there was no case yet for making financial institutions set aside more capital for climate change risks, even though markets were underpricing the danger of disruption.
EXCLUSIVE G7 to back minimum global corporate tax and support economy – draft
Finance ministers from the group of seven rich nations (G7) will vow this week to support their economies as they emerge from the pandemic and reach an “ambitious” deal on a minimum global corporate tax in July, a draft communique showed.
