Thursday 24th July 2014                 Change text size:

Jesse Richmond via flickr

Oakland votes to divest from ‘dirty energy economy’ based on fossil fuels

Oakland city council has unveiled plans to become the fifth Californian city to move finance away from companies blamed for worsening climate change, while also banning transportation of coal in the city. The city council has unanimously approved plans to divest its funds from companies “whose primary business or...


Photo: Ewan Munro via Flickr

Blue & Green Tomorrow ‘office’ named best station pub in the world

Blue & Green Tomorrow’s makeshift office, the Parcel Yard pub in King’s Cross station, London, has been named the best railway station pub in the world. The establishment – where we regularly hold meetings and team events – was named best individual food and beverage concept at a rail...


Photo: Zero Emission Resource Organisation via Flickr

Investing in fossil fuels is ‘a bet on the future’

The way energy investors react to the financial analysis that describes up to 80% of fossil fuel reserves as “unburnable” will determine whether or not the world successfully tackles climate change, according to a leading green entrepreneur. Jeremy Leggett, founder and chairman of solar developer Solarcentury, told delegates at...


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Unep: corporates and investors should join forces for sustainable business

Corporations and investors should work together to ensure that sustainability is integrated throughout businesses, in order to establish long-term value creation, according to a report from the UN Environment Programme Finance Initiative (Unep FI). The report – Integrated Governance – A new model of governance for sustainability – argues...


Photo: Light Painting via Flickr

Complaints to ‘big six’ energy companies hit record high

Complaints to the six largest energy companies in the UK have reached an all-time high, with smaller companies continuing to see an increase in customers. New figures from the consumer group Which? show that complaints to the so-called ‘big six’ are still rising, reaching 1.7 million in just three...


RPHK Kalimantan via flickr

‘Global vision’ launched to make paper industry more sustainable

More than 100 environmental and social organisations have unveiled the Global Paper Vision, which calls for the paper industry to adopt more sustainable practices that fully respect the environment and local communities. The strategy, by the collective Environmental Paper Network, identifies seven key areas for change: reducing consumption, maximising...


richard branson by Jeff Rizzo via flickr

Sir Richard Branson invests in ‘anti-bank’ start-up TransferWise

Financial technology business TransferWise has successfully attracted $25m (£14m) in fundraising from both sides of the Atlantic – as well as support from a number of high-profile investors. The firm which was set up in 2011, is an increasingly popular alternative money transferring system that allows currency to be...


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Trillion Fund wind crowdfunding opportunity offers investors 7.5% return

Investors could achieve a 7.5% return on their investment whilst supporting renewable energy in a new crowdfunding opportunity. Trillion Fund will launch on Thursday the first offing on its new platform, which allows investors to support projects in just a few minutes. E2Energy, a joint venture between wind turbine...


shannonpatrick17 via flickr

Canadian tar sands oil pipeline is approved, despite protests

The 1,177-km (731-mile) Northern Gateway pipeline project, which will carry tar sands oil from Alberta to the Pacific coast in Canada, has been approved by the Canadian government, despite strong opposition from scientists, environmentalists and indigenous communities along the route. Canada’s prime minsiter Stephen Harper has often said that...


Photo: Charity Bank

Leading social enterprises recognised at Charity Bank Impact Awards 2014

In its annual Impact Awards, Charity Bank, the bank that exclusively serves the social economy, has recognised three of its clients for their outstanding positive impact. Emmaus Brighton and Hove, a charity that offers volunteer work and accommodation, and a sense of community to the formerly homeless, won the award...


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Government rejects MPs’ greener vision for HS2 rail project

The government has rejected calls from MPs to better protect the environment during the construction of the controversial HS2 rail project. In April, the environmental audit committee urged the government to provide greater “environmental compensation” for sites of natural value and areas of ancient woodland destroyed by the line....


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Investors welcome US act to combat slavery and human trafficking

Investors have commended US congresswoman Carolyn Maloney after she introduced the Business Supply Chain Transparency on Trafficking and Slavery Act 2014, amid increasing investor concern around slavery. The act requires companies with over $100m (£59m) in global assets to publicly disclose any measures to prevent human trafficking, slavery and...


Photo: www.joiseyshowaa.com via Flickr

Leonardo DiCaprio donates $7m to help fight oceans crisis

Leonardo DiCaprio has said his philanthropic foundation will be donating $7m (£4.1m) over the next two years to help overcome the “systematic devastation” of the world’s oceans and fisheries. At an event in the US, the Hollywood star expressed concern about overfishing and the degradation of the Great Barrier...


solar sky by Patrick Moore via freeimages

Elon Musk-backed SolarCity to build huge solar panel plant in New York

SolarCity, the rooftop solar panel business backed by technology entrepreneur Elon Musk, has announced plans to expand its production to 1,000 megawatts (MW) a year in one of the world’s largest solar manufacturing plants. On Tuesday, the firm unveiled plans to buy Silevo, a solar panel technology business, for...


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Santander and Funding Circle partnership to boost alternative finance

Santander has agreed to a referral relationship with Funding Circle, the first of its kind in the UK, suggesting that alternative methods of finance are gaining ground and becoming more mainstream. Peer-to-peer lending is a method of debt lending that allows individuals to borrow and lend money without using...


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