Pension plans come under more pressure on climate risks. On Wednesday, the government will announce plans to “step up” existing requirements on pension schemes managing tens of billions of pounds of retirement cash to disclose what they are doing to manage climate risks for their savers.
FT 12th Feb 2020 read more »
The world’s largest oil traders are pouring hundreds of millions of dollars into climate-friendly projects – including wind farms, cow manure plants and blue hydrogen – as they seek to match the profits they make from trading oil. Trading firms such as Vitol and Trafigura have already put money into wind farms, hydrogen, solar, EV technology, biofuels and biomethane as potential replacements for oil, traditionally their big profit driver. But like the big international oil companies they have yet to figure out what could become their new business model for an environmentally-friendly future.
Reuters 12th Feb 2020 read more »