Boris Johnson has been warned by some of his foreign ambassadors that a planned coal mine in Cumbria is damaging his reputation. The PM wants to lead the world on climate change, but the ambassadors say his tacit support for the mine is bringing accusations of hypocrisy. The issue has flared as the UK co-hosts a coalition of nations pledging to phase out coal in power generation. The Powering Past Coal Alliance (PPCA) was initiated by the UK. Supporters of the Cumbria mine argue it should be encouraged because it will produce special coking coal for steel making, not thermal coal for power. But that’s too fine a distinction for some developing nations. They have accused the UK of hypocrisy for shunning one type of coal while backing another. I understand some of the UK’s ambassadors have told the government the Cumbria controversy is making it harder for them to persuade other nations to contribute fully to the UN climate summit Mr Johnson will host in November.
BBC 1st March 2021 read more »
Aviva chief executive Amanda Blanc has warned that the insurance industry cannot “speak with forked tongue” on global warming by doing one thing with its investment portfolios and another with the products it sells. More insurers are promising to focus their often vast investment portfolios on those companies committed to cutting carbon emissions in line with the Paris climate agreement. But in an interview with the Financial Times, Blanc said the industry’s efforts to curb global warming also needed to be reflected in how it sold insurance.“The underwriting needs to catch up with the investments,” she said. “We need to be having conversations with corporates around our ability to underwrite something which is no longer sustainable. “We can’t be saying we want to take the premium but we’re not going to invest in these organisations. That would just be incoherent”, said Blanc, who has run Aviva since last July.
FT 28th Feb 2021 read more »
Aviva has announced it intends to reach net zero emissions across its operations, supply chain, and investments by 2040, unveiling a number of new exclusion policies that will see the firm distance itself from the most carbon intensive fossil fuel companies.
Business Green 1st March 2021 read more »
Guardian 1st March 2021 read more »
Times 1st March 2021 read more »