Government confirms electricity grid clocked up 650 hours of coal-free generation during the first quarter of the year – more than was achieved during the whole of 2017.
Business Green 12th April 2019 read more »
HSBC refused to stop the funding of coal power projects in developing countries at a fiery annual meeting Birmingham. HSBC was attacked for its decision, announced last year, to stop financing new coal-fired power stations in all countries except Indonesia, Bangladesh and Vietnam, amid pressure to help countries meet their goals as part of the Paris climate agreement of 2015. One campaigner for Christian Aid described the bank’s coal policy as a “net contributor to climate change”, causing “typhoons in Philippines, floods in Bangladesh and droughts in Kenya”. Another shareholder claimed the policy was contributing to as many as 70,000 premature deaths annually in Southeast Asian region alone and “exposing investors to risk”.
Telegraph 12th April 2019 read more »