A group of investors with combined assets of more than 1.5 trillion US dollars (£1.23 trillion) have written to five of Europe's biggest banks, including Barclays, urging them to stop lending to fossil fuel firms.
Bracewell’s managing partner in London Jason Fox said this was not new “but the noose is tightening quickly and ESG is the headwind. It’s not just the E that’s biting but also the G, for governance, with banks increasingly retreating from emerging markets because of additional risks, particularly concerns around corruption.”
Major European banks must do more to tackle the climate crisis, cut emissions and safeguard the world's vital natural systems, campaigners have warned.
Colliers has reported a third quarter slowdown in Scottish office investments despite the £20 million sale of Equinor House in Aberdeen.
Saipem (MI:SPM) shares have plunged around 70% from July 11 after the company acknowledged demand for additional shares was less than expected.
Europe’s biggest banks are still pumping billions into the oil and gas sector despite signing up to a landmark net zero initiative.
With any energy transition, there is a need to bring about wholescale change, from the up, to the mid and the downstream.
Industry leaders have urged governments to put incentives in place to speed up the deployment and uptake of hydrogen.
Three French banks have committed not to provide project financing for the Total-led East African Crude Oil Pipeline (EACOP).
Over the past five years, the Asia Pacific region made up over three-quarters of global power demand growth, and led the world in wind and solar capacity installations.
If we are to stick within the Paris targets, the OECD estimates that $70 trillion of investment in decarbonisation will be needed over the coming decade. This begs the trillion dollar question; where’s the cash going to come from?
Petroleum Exploration and Production Africa (PEPA) has defended its work in Congo Brazzaville, following a condemnatory report from Global Witness and others.
Australia’s FAR has signed a deal to allocate its share of crude from Senegal’s Sangomar field to Glencore Energy.
EON has hired BNP Paribas to help sell an energy supplier in the Czech Republic it’s gaining as part of its pending takeover of rival Innogy, people with knowledge of the matter said.
Female leaders share their advice for considering a career in sustainable finance
BNP Paribas SA and its partners in a Scottish energy loan are staring at a loss of 122 million pounds ($172 million) after entrepreneur Ian Suttie’s venture went bankrupt, illustrating the wreckage banks are likely to face from the oil bust.
BNP Paribas is said to be pulling out of a US energy business for the second time in four years after plunging oil prices.
Oil prices fell more than 2% today after Goldman Sachs cut its crude forecasts, citing global oversupply and concerns over the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer summit.