Wednesday 30th July 2014                 Change text size:

Mike Mozart  via flickr

Food company General Mills commits to fight climate change

The food and drink multinational has published a new climate policy promising to reduce greenhouse gas emissions from its operations and suppliers, cut food waste and engage with governments and NGOs to promote climate action. In its new policy on climate, the food giant said, “As a global food...


jail bankers by William Murphy via flickr

Bankers should take ‘moral oath’ in order to regain public trust

In a report listing details on how the financial industry can reform effectively, a ‘banker oath’, similar to the Hippocratic Oath for doctors, has been recommended in order to uphold levels of financial behaviour. The report, entitled Virtuous Banking: Placing ethos and purpose at the heart of finance, by...


Photo: Guy Freeman via Flickr

BP profits rise but fears over economic sanctions on Russia grow

Oil and gas giant BP reported a rise in second quarter profits on Tuesday, but has warned that further growth may be hit by proposed economic sanctions upon Russia. BP’s underlying replacement cost profit– which accounts for changes in oil prices - reached $3.6 billion (£2.1bn) for the second quarter....


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Mark Carney: Lloyds’ behaviour ‘clearly unlawful’

Bank of England governor Mark Carney has stated that Lloyds has clearly behaved unlawfully after it was revealed that traders have been manipulating interest rates in order to cut the fees it must pay after being bailed out during the financial crisis. On Monday it was revealed that the...


high speed train By Tom Page via Flickr

Britain’s rail franchises should be run by cooperatives and mutuals, say Labour

Labour has announced they will give cooperatives and mutually-owned companies the opportunity to operate Britain’s railways, in a “democratic renewal” for a customer driven industry. In the latest manifesto pledge, the shadow transport team is expected to announce plans to increase the involvement of customers and employees in how...


ell brown via Flickr

Lloyds Bank fined £218m over Libor scandal

Lloyds Banking Group (LBG) has been fined £218 million by the Financial Conduct Authority (FCA) and US regulators for serious misconduct of four employees related to the Libor rigging scandal, the Special Liquidity Scheme (SLS) and the Repo Rate benchmark. The bank, along with others punished for manipulating London...


mrpbps via flickr

Climate change may slowdown crop yield, study finds

Climate change makes 20 times more likely for corn and wheat crop production to decrease, significantly affecting food prices and availability in the long-term, according to a new study. Scientist from Stanford University and the National Center for Atmospheric Research (NCAR) have said in a new study that although...


Juan Manuel via flickr

Community-managed forests help tackle climate change

Forests managed and controlled by local and indigenous communities are healthier, with lower deforestation rates, therefore helping reducing the amount of carbon dioxide (CO2) in the atmosphere, a new report has found. The study by the World Resource Institute and the Rights and Resources Initiative looked at forests in...


NASA Goddard Space Flight via flickr

Melting Arctic to pave the way for luxury cruises

The dramatic melting of the Arctic will open possibilities for travel organisations to promote journeys on luxury ships, with some trips already scheduled for 2016 through the Northwest passage. Company Crystal Cruises has set its ship Crystal Serenity to be the first luxury ship to pass through the Northwest...


Elliott Brown via Flickr

Lloyds Libor-rigging scandal settlement reaches late stage

Lloyds Banking Group (LBG) is about to reach final settlements with UK and US financial regulators over the Libor-rigging scandal, with the bank expected to face fines of up to £300 million. The bank, partly owned by the government, would be the seventh UK bank to be fined by...


J D Mack via flickr

Lady de Rothschild to sue firm behind inclusive capitalism conference

Lady Lynn Forester de Rothschild is to sue the organiser of a conference on inclusive capitalism, claiming it was her idea. The summit took place in London and attracted high-profile speakers, such as Prince Charles, former US president Bill Clinton, Bank of England governor Mark Carney and Christine Lagarde,...


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MPs back circular economy and call for an end to the ‘throwaway society’

The Environmental Audit Committee is urging the government to take decisive action in a number of areas to encourage and support a circular economy, which would see an economy less focussed on consumption. The report – Growing a circular economy: Ending the throwaway society – calls for lower VAT...


Pepe RodMon via flickr

Conservationists call for Canary Islands to be protected from oil drilling

The World Wide Fund for Nature (WWF) in Spain has called for the government to create a sanctuary for whales and dolphins and to stop oil exploration in the Canary Islands. The Spanish oil and gas company Repsol was given approval by the Spanish government in March 2012, meaning...


Photo: Robert S. Donovan via Flickr

EU-US free trade deal at odds with government guidelines to ‘buy British’, say campaigners

David Cameron has come under fire from campaigners who say new guidelines for UK government and public sector organisations to commit to buying local produce, undermine the EU-US free trade deal. Earlier this week the government announced a new food and drink buying standard which means central government will...


Photo: Jako Jellema via Flickr

More support for Germany’s renewable energy sector as new law gets go-ahead

The EU Commission announced their approval of Germany’s new renewable energy law in Brussels on Wednesday. The Commission thinks the new law will help the country move away from fossil fuels and will not stop competition in the single market. The German Renewable Energy Act or EEG 2014 will...


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