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photo: thetaxhaven via Flickr

Charities used in offshore tax avoidance scam

A number of rich investors have been claiming to give to charities as a measure of avoiding paying tax – when in fact the charities have never received a penny. The investors used the charities to hide millions of pounds in the British Virgin Islands and other tax havens,...


Photo: Forest Wander via Flickr

EU votes to impose landmark pesticide ban to save bees

EU member states have voted to ban the use of neonicotinoid pesticides that studies have shown are harmful to bees. The decision means the European commission can now prevent chemical companies from using the stream – with campaigners describing it as a “victory for common sense”. The Guardian reports...


Triodos Bank by Triodos Bank

Triodos launches two new ethical funds

Offering investments linked to stock markets for the first time, Triodos Bank has developed two new ethical funds that allow investors to select which end of the green spectrum they prefer. The first of the two – Sustainable Pioneer – is a global fund designed to support small to...


Steve Ford via sxc.hu

EU member states see boost in renewables use

The 27 EU member states increased their consumption of renewable energy by 13% in 2011, according to the recent figures by Eurostat. The EU’s statistical office states that over the past two years, most European countries have increased their production of energy from renewable sources. Although Sweden, Latvia, Finland...


PEA Business Awards

Gaeia makes shortlist at People and Environment Awards for Business

The final shortlist for the 2013 People and Environment Awards for Business (PEABs) has been unveiled. Helen Tandy, financial adviser at Gaeia, and the Co-operative Group are among the nominees. The winners will be announced on May 7 at an event in London that will seek to showcase green...


Photo: Labour Behind the Label via Flickr

Bangladesh tragedy ‘could have been avoided’

The recent collapse of a factory in Bangladesh poses serious questions about safety and working conditions of clothes manufacturers, and also emphasises the role of consumers and buyers in western societies. More than 300 people are believed to have died in the collapse, with rescuers still searching for over...


Photo: Dunc(an) via Flickr

The march of the beekeepers: campaigners protest over harmful pesticides

A coalition of campaign groups are taking to the streets of London to urge the government to get behind plans to ban three harmful streams of pesticide that research suggests are harmful to bees. Eleven organisations, including Avaaz, Friends of the Earth, Greenpeace, the RSPB and 38Degrees, are rallying...


Photo: Daniel Foster via Flickr

‘Too early to say’ whether fracking will reduce bills, say MPs

The controversial shale gas extraction method known as fracking could boost energy security but it is “too early to say” whether it will bring down consumer energy bills, according to a cross-party group of MPs. In its latest report, The Impact of Shale Gas on Energy Markets, the energy...


Photo: Sam Savine via stock.xchng

Pensions committee can go further by encouraging sustainable investment, says UKSIF

Pension schemes need to realign their focus onto long-term and responsible investment, according to the UK Sustainable Investment and Finance Association (UKSIF). Its calls come after the publication of the work and pensions committee’s latest report, Improving governance and best practice in workplace pensions. The report says a single...


Photo: Luke Addison via Flickr

Inquiry launched to ‘get to the bottom’ of UK energy subsidies

The environmental audit committee has begun an investigation into the government’s distribution of subsidies for nuclear power, fossil fuels and renewable energy. The committee will look to define exactly what a subsidy is, while also examining whether finance is spread appropriately across the different energy sources. This comes less...


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Report shows growth potential of small-scale solar in developing world

New research from the Carbon Trust has found that developing countries hold enormous growth potential in the use of small-scale concentrated solar power (CSP) systems. In a report commissioned by the Department of Energy and Climate Change (DECC), the Carbon Trust found that there was particularly huge room for...


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Sustainable transport ‘crucial’ in tackling climate change, says UN

The role of sustainable transport is vital in creating safe and liveable cities in Asia and fighting climate change, the UN secretary-general said this week in Bali. “On a global scale it is essential that we better design and build transport infrastructure to make it safer and more environmentally...


Photo: Images_of_Money via Flickr

Firm launches research tool for sustainable investment

A London-based business has developed a research tool to help asset managers check the sustainability and behaviour of companies in which they may be investing. FusionExperience has created the Sustainable Investment Research Portal, an instrument designed to help the industry monitor the environmental, social and governance (ESG) performance of a...


Photo: Mr Fogey via Flickr

Climate campaigners plan four-day protest at gas power station

Climate campaign group No Dash for Gas has revealed that it is to stage a four-day protest at the Nottinghamshire power station that it successfully shut down for a week last October. Twenty-one activists scaled chimneys at West Burton, forcing it to close for seven days. Energy firm EDF,...


Photo: David Ohmer via Flickr

Twitter hoax wipes $200bn off Dow Jones (for five minutes)

The Wall Street Journal yesterday reported on a sudden but short-lived fall in the US stock market. This is a powerful demonstration of how fragile financial capitalism remains. The WSJ wrote, “A tweet purportedly from the Associated Press just before 1:08pm reported two explosions in the White House and that...


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