Swiss Re and UBS Among Founding Buyers of Credits From Carbon Removal Scheme May 23, 2022 By Susanna Twidale Insurance firm Swiss Re and banking giant UBS are among five founding buyers of credits from a scheme set up...
AXA to Join €1B Regenerative Agriculture Fund to Help Mitigate Climate Change May 13, 2022 Insurer AXA and consumer goods group Unilever plan to invest 100 million euros each into a new 1 billion euro...
Russia’s War With Ukraine Must Not Derail Climate Action: Envoys Warn May 12, 2022 By Simon Jessop and Kate Abnett The world needs to speed up decarbonization and not let a focus on energy security in the wake of Russia’s...
Insurer Aviva Urges UK Government to Detail How It Will Reach Net Zero Emissions May 6, 2022 By Alastair Marsh The British government should practice what it preaches on net-zero emissions, according to insurer Aviva Plc and conservation group WWF....
Allianz Plans to Take Harder Line on Insuring Fossil Fuel Industry to Meet Climate Goals May 3, 2022 By Simon Jessop and Carolyn Cohn Europe’s biggest insurer Allianz plans to take a harder line on insuring the oil and gas industry as part of...
Central Banks, Supervisors Must Focus on Financial Resilience to Climate Change: BoE May 3, 2022 The rise in demand for coal following Russia’s invasion of Ukraine is a setback to reaching a net-zero economy by...
Net Zero Business Opportunities Could Double Size of London Insurance Market: LIIBA May 3, 2022 The business opportunities provided by the global transition to net zero is potentially large enough to double the size of...
U.S. Lawmakers Push Insurers to Stop Underwriting Fossil Fuels April 27, 2022 By Josh Saul and Max Reyes A group of Democratic lawmakers, mostly members of the Congressional Progressive Caucus, have asked some of the nation’s biggest insurance...
Shell’s Board Faces Personal Liability for Failure to Cut Emissions: Environment Group April 25, 2022 A group that won a victory over energy major Shell last year with a Dutch court order to deepen greenhouse...
Climate Change Exacerbates Extreme Weather in Europe: Report April 25, 2022 By John Ainger Climate change produced another record-breaking year of extreme weather in Europe in 2021, triggering catastrophic flooding and the hottest summer...