RBS dealt £390m fine over rigging Libor rate
The Royal Bank of Scotland (RBS) will pay penalties totalling over £390m to three regulators for its role in fixing the Libor rate, it was revealed today. The bank becomes the third institution to be forced to pay fines over the scandal, after Barclays and UBS shelled out £276m and £940m...
Indonesian paper firm stops deforestation after decade-long protest
One of the world’s biggest paper companies has signalled an end to its deforestation activities in Indonesia, after continued pressure from environmental groups. Asia Pulp and Paper (APP) outlined its commitment to do so in its Forest Conservation Policy. As of the beginning of this month, clearance of natural...
Six out of 10 Australians want to align their investments with their values
The majority of Australians want their investments and savings to reflect their personal values, according to a survey by fund manager Australian Ethical. Some 62.5% of the 1,000 respondents thought this was important, while a further 87.9% considered themselves to lead ethical lifestyles. This comes after the newly-formed Global...
Conference added to New Energy & Cleantech Awards 2013
The New Energy & Cleantech Awards 2013, which take place in London on March 21, will be complemented by a conference called Fostering relationships between cleantech, clean energy and the financial community. “Financing and market penetration are two of the most important considerations for any clean energy and cleantech...
National competition launched to find young environmental champion
Five young people aged 11-18 will meet with politicians from the European parliament in order to discuss sustainable travel and the environment. Now in its second year, the Have your say on sustainability competition, organised by Eurostar and the Young People’s Trust for the Environment (YPTE), gives the next...
Water bills set for price hike to pay for improved network
Consumer water bills will rise by 3.5% in April – or £13 a year on average – to help fund £25 billion worth of network improvements between now and 2015. Water regulator Ofwat says the increase follows the rate of inflation, which was 3% when the rise was calculated...
Government poll charts major support of renewable energy
Nearly eight in 10 people (79%) in the UK are in favour of clean energy while just 4% are opposed to it, according to the Department of Energy and Climate Change’s (DECC) latest public attitudes tracking survey. Nearly two-thirds (64%) of respondents noted their support of onshore wind power...
Centrica nuclear withdrawal reveals a ‘very troubled UK energy strategy’
The UK has missed renewable energy opportunities by focusing too heavily on new nuclear, according to campaigners reacting to Centrica’s decision to withdraw from the UK’s nuclear rebuilding programme. The energy firm, which owns British Gas, rejected the chance yesterday to take a 20% stake in four new reactors...
Cameron: UK can be a ‘global showcase for green innovation’
David Cameron has outlined that the UK must be doing what is right for both the planet and the economy, in one of his most promising green speeches as prime minister. The speech, which has been republished here in full by BusinessGreen, marked the launch of the Department of...
First solar panels installed by South Wales co-operative
A renewable energy co-operative in Newport, South Wales, has successfully installed its first solar panels on the roofs of fuel-poor houses in the area. The project, which is co-ordinated by Gen Community, has so far raised £205,000 from 75 investors. London-based Bright Funding has pledged to bring that figure...
New Archbishop of Canterbury set to be confirmed
Former oil industry executive Justin Welby will be confirmed as the new Archbishop of Canterbury in a ceremony at St Paul’s Cathedral today. Following his legal confirmation, the ex-Bishop of Durham will sit on the parliamentary banking commission to discuss the Libor scandal – an issue he has been...
Articles you may have missed: January 25-31
These are the articles that have attracted the most interest on our site in the past week, and we’re republishing the links here to ensure you don’t miss out. On Wednesday, our article on Friends of the Earth’s campaign to get the government to take decisive action over dwindling...
George Osborne is ‘seriously misinformed’ on sustainable business, says Al Gore
Former US vice-president Al Gore has criticised the UK government over its environmental commitments, adding that the stance taken by the chancellor George Osborne was “seriously misinformed”. Speaking to Channel 4 News yesterday evening, Gore, an ardent green campaigner who has won several awards for his activism, said the...
Triodos and Cheviot debut on EIA most used asset managers list
At the end of 2012, we surveyed Ethical Investment Association (EIA) members for the third year in a row, and this week have been reporting on the asset managers that they use most often. After covering the top four (Ecclesiastical, Kames, Jupiter, F&C) and fastest risers, we’re now onto the highest new entrants: Triodos and...
FSA to investigate banks on interest rate swap mis-selling
Four high street banks are to be investigated by the Financial Services Authority (FSA) over the mis-selling of interest rate hedging products (IRHPs) – financial instruments that insure businesses against rises in interest rates. The basic principle is simple. By hedging against interest rate rises, you do not lose...
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