Calls for mandatory human rights and environmental due diligence have gained momentum, but what does this mean for financial institutions? BankTrack’s Hannah Greep and Richard Gardiner from Global Witness explain why mHREDD is necessary and why financial institutions should support
FRANKFURT (Reuters) – The European Central Bank is setting up a small team dedicated to climate change to spearhead its efforts to help the transition to a greener economy in the euro zone, ECB President Christine Lagarde said on Monday.
ABUJA — Nigeria’s parliament will pass the Petroleum Industry Bill by the second quarter of 2021, Senate President Ahmed Lawan said in a parliamentary session on Monday. Read More
By David Milliken LONDON (Reuters) – A group of British members of parliament said on Monday that the Bank of England should stop buying bonds from businesses whose activities accelerate global warming. Britain’s central bank doubled its holdings of corporate
(Bloomberg) — Canada is uneasy about President Joe Biden’s planned “Buy American” provisions and will press the case against moves that would harm the countries’ $725 billion trade relationship, according to Canada’s top diplomat. Read More
WASHINGTON — U.S. President Joe Biden’s administration is poised to release within days the policies it believes are needed to tackle climate change, Gina McCarthy, the White House’s national climate adviser, said on Saturday. Read More
(Bloomberg) — Europe and the U.S. should jointly adopt a carbon tax on imports as a means to promote low-emission production globally, according to the leaders of Germany’s Greens, the country’s No. 2 political force. Read More
(Bloomberg) — Hours after taking office, President Joe Biden made good on a campaign promise to cancel the Keystone XL oil pipeline. Later that day his Interior Department mandated that only top agency leaders could approve new drilling permits over
By Jennifer Hijazi Read More
OTTAWA — Prime Minister Justin Trudeau said on Friday that Pfizer Inc’s Chief Executive Albert Bourla has reassured him it would supply Canada with 4 million doses of COVID-19 vaccine as scheduled by March 31, though the coming weeks would
LONDON — U.S. President Joe Biden was elected with a promise to reduce net emissions of greenhouse gases to zero no later than 2050. Read More
ABIDJAN — The European Union on Friday urged Ivory Coast to prepare for stricter cocoa laws the body hopes to ratify later this year which aim to protect forests, curb child labor and end farmer poverty. Read More
Tighter rules on the carbon footprint of new homes in England look set to trigger a fresh boom for residential solar. New homes will be expected to produce 31 percent less carbon dioxide than they do now, according to plans
The Scottish Government has unveiled proposals for a new model of ‘green ports’ that will operate with net zero goals and fair work practices. According to the Scottish Government’s green ports scheme, operators and businesses must commit to supporting sustainable
BEIJING — China’s recent antitrust measures are not aimed at private firms, and will not hinder their development, a senior banking and insurance regulator said on Friday. Read More
(Bloomberg) — On Jan. 13, with the nation’s attention riveted on the vote to impeach President Trump again, the U.S. Environmental Protection Agency issued a new rule severely limiting its own ability to regulate heat-trapping gases. A little over a
(Bloomberg) — Britain’s natural gas network operators set out a strategy for delivering the U.K.’s first hydrogen-heated town by 2030. Read More
WASHINGTON — U.S. President Joe Biden signed 15 executive actions shortly after being sworn on Wednesday, undoing policies put in place by his Republican predecessor, Donald Trump, and making his first moves on the pandemic and climate change. Read More
New US President Joe Biden will announce America’s return to the Paris agreement to fight climate change on Wednesday, which is the centerpiece of a number of day-one executive orders aimed at restoring US leadership in combatting global warming. The
(Bloomberg) — Joe Biden will unveil sweeping action to combat climate change hours after becoming president, moving to rejoin the Paris accord and imposing a moratorium on oil leasing in the Arctic National Wildlife Refuge. Read More
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