A UK High Court on Tuesday threw out a case brought by climate activists against the country’s oil and gas regulator OGA, rejecting their argument that the OGA’s actions amount to a type of unlawful subsidy of the fossil fuel …
COPENHAGEN – Container shipping giant A.P. Moller-Maersk now plans to achieve net zero emissions in its business by 2040, a decade earlier than previously announced, on the back of rising customer demand for green transportation and technical leaps. With about …
Ocean freight costs are likely to remain high in 2022 as investors and regulators scramble to accelerate decarbonization of the shipping industry and companies grapple with green financing, sources say. Shipping, which transports about 90% of world trade and accounts …
Leading companies in the marine insurance industry have joined an initiative linking their underwriting activities with the cutting of carbon emissions from global shipping as pressure builds on the sector to go fully green. Last month countries including the United …
AIA Group Ltd. has sold off almost $10 billion of investments in coal mining and coal-fired power businesses as pressure grows on financial firms to cut ties with the sector. The insurer completed the entire sale of directly managed equity …
Zurich Insurance Group will no longer underwrite new greenfield oil exploration projects, Europe’s fifth-largest insurer said on Thursday in an investor day presentation that sought to burnish its green credentials. It also committed to a full phase-out of thermal coal …
GLASGOW / NEW YORK – Insurers plan to increase their allocations to private markets to 14% from 11% over the next two years in the hunt for yield, as they add more money to environmentally focused investment funds, BlackRock Inc …
GLASGOW – The fund arm of French insurer AXA said on Monday it would take a tougher line with oil and gas companies over their environmental impact, selling out of laggards after three years if their emissions-reduction plans were not …
A week into the United Nations’ high-profile climate conference in Glasgow, executives and financial analysts said they are optimistic the talks will lead to changes needed for business to play a bigger role in tackling climate change. The business observers …
GLASGOW – A pledge to phase out coal gained the support of 23 more countries at the U.N. climate conference on Thursday, but was shunned by big users of the dirtiest of the fuels that cause global warming. The COP26 …
