Saturday 1st August 2015                 Change text size:

Francisco Osorio via flickr

First UK’s fossil free pension scheme to be launched on Monday

London charity Platform is launching the first cooperative and fossil free pension scheme in the UK, focused on sustainable society and renewable energy. The scheme, called OurFuture, challenges traditional pensions, which have millions invested in fossil fuels, large multinationals and unethical banks. The charity says the new scheme will...


barclays phone

Barclays issued with record £1.5bn fine

Barclays bank is to pay a record £1.5bn fine after admitting members of staff were involved in rigging the foreign exchange rate. Barclays has reached a settlement with US and UK authorities worth over £1.5bn after it failed to ensure proper standards were maintained in its involvement with the...


The UK and EU flags

‘EU is key to national prosperity’, says CBI chief

The president of the Confederation of British Industry (CBI) will call upon business leaders to speak out on the benefits of Britain’s continued membership of the European Union. Sir Mike Rake, head of the CBI is expected to use a speech on Wednesday evening to the annual dinner of its members...


UBS

UBS faces £350m fines over forex rigging

The Swiss bank UBS is facing £350m in fines for rigging the foreign exchange rate in a fresh wave of penalties against multinational banks expected by the US Justice Department. The bank has already had fines imposed for forex rigging by regulators in both the US and the UK,...


Deutsche Bank by Elliot Brown via Flickr

Deutsche Bank prepares for UK exit from EU

The German bank has said that it has set up a working group to consider whether it should move its British division to Germany in the event of the UK’s exit from the EU following a referendum. Reports suggest that the bank has not yet made a decision as...


Screen Shot 2015-05-19 at 09.55.13

Pay bankers the same as civil servants, says former Tory strategist

David Cameron’s former director of strategy has suggested the government overhaul executive pay rules within the banking industry, a move that would see bankers’ pay fall in line with civil servants. Steve Hilton, a former aid to David Cameron made the remarks in an interview with the BBC, suggesting...


The co-op by sludgegulper via Flickr

Co-op Group members vote to continue funding political parties

55% of those who voted have backed continuing subscription fees to Labour’s sister party, the Co-operative Party. With a potential electorate of 2.8m, the votes cast was just over 88,000. The future of the Co-operative party was hanging in the balance on Saturday as 2.8m...


Roger Wollstadt via flickr

Climate Week Paris: no economic growth unless we tackle climate change, says Unilever boss

Business leaders and investors have gathered in Paris this week to discuss and demand climate measures to ensure long-term economic and environmental sustainability. The Climate Week Paris is organised by the Climate Group ahead of crucial UN talks in December 2015, when global leaders will gather in the French...


Blueandgreen Greenwise

Blue & Green and GreenWise Business create sustainable publishing powerhouse

Sustainability titles Blue & Green Tomorrow and GreenWise Business unite to create independent sustainable publishing powerhouse. GreenWise Business founder Louise Bateman is to become editor of Blue & Green, as title launches £260,000 Crowdcube share offer. Blue & Green Tomorrow, the fastest-growing sustainable lifestyle magazine in the UK, and...


US Geological Survey via Flickr

New polar shipping rules insufficient to protect ecosystems, campaigners say

The International Maritime Organisation (IMO) has approved a new legislation to prevent pollution and oil spills in polar waters, but environmental groups have argued these do not go far enough and called for a binding Polar Code for the Arctic. The IMO – the UN agency responsible for prevent...


pope by Semilla Luz via flickr

Pope Francis: care for creation, sustainable development and climate change

Pope Francis will write a letter to 1.2bn Catholics all over the world, emphasising the importance on sustainable living, eradicating poverty and calling on world leaders to address climate change. The pope has been critical of high profile issues in the past. He has spoken out against the dangers...


banknotes

Eurozone banks ‘as vulnerable today’ as before 2008 crisis

Efforts to mitigate the risks of financial chaos within the banking sector have been insufficient, a report published on Tuesday concludes. The report published on Tuesday in the Journal of Banking and Finance claims that some banks within the Eurozone are ‘as vulnerable today’ as they were before the...


Australia flag by Lee Bailey

Australia announces corporate tax crackdown

A crackdown on multinational corporations by Australian authorities has been described as “the first of its kind in the world”, with Google, Apple and Microsoft firmly in their sights. Australian Treasurer Joe Hockey announced the plans on the eve of the Australian budget, saying that it was “pretty evident”...


Andrey Belenko via flickr

Apple to boost forest protection and green energy in China

Tech giant Apple has announced new measures to increase responsible forest management in China and expand clean energy projects across its manufacturing facilities in the country. Apple has partnered with the WWF to protect up to one million acres of responsibly managed working forests to supply fibre for pulp,...


DECC via flickr

Amber Rudd appointed Secretary of State for Energy and Climate Change: the reaction

Newly-elected Prime Minister has appointed Amber Rudd as the new Energy and Climate Change Secretary, with many praising continuity with previous climate commitment.   Maria McCaffer, RenewableUK’s chief executive “We wish Amber Rudd well as Energy Secretary. We are pleased to see continuity at the Department following her role...



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