Pension funds under pressure on climate change
Nearly half of the top 500 global asset owners are doing nothing to protect investments under their stewardship from the threat of climate change, according to the Asset Owners Disclosure Project (AODP).The AODP, an independent global organisation aiming to improve disclosure of climate change risks by pension funds, has ranked the world’s largest 500 asset owners according to their performance in ma
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The UK government has earmarked £5.5bn for a new Energy Bills Discount Scheme over one year, which is far less than the £18bn in support given for six months under the previous scheme.
One of the world’s leading climate physicists has again called for new regulation forcing the fossil fuel industry to carry out large-scale carbon capture and storage (CCS).