Monday 31st August 2015                 Change text size:

monopoly houses by images of money via Flickr

Summer budget 2015: benefit cuts to affect 13m families

Thirteen million families are expected to be affected by the welfare change announced in Chancellor George Osborne’s Budget yesterday, according to the Institute for Fiscal Studies. The Chancellor announced the Summer Budget yesterday, the first Conservative-only Budget since the 90s. In it he set out reforms to the welfare...


oil field sunlight by johnny choura via Flickr

Report: oil investments facing ‘heightened risks’

Price volatility, a changing financial environment and strengthening policy to mitigate climate change mans that there is a “heightened risk” for oil and gas investors, according to a report from thinktank Chatham House. The report argues that there is a current mismatch in Chinese demand of oil, which I...


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University of Warwick commits to fossil fuel divestment

After two years of campaigning from staff and students, the University of Warwick has committed to divesting from fossil fuels. The educational institution has joined a host of other UK universities pledging to some form of divestment. Members of the University Council met on Wednesday to make a strategic...


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EdenTree launch event triumph

On Monday evening Ecclesiastical revealed its new EdenTree Investment Management brand to over 150 guests at the Serpentine Pavilion in Hyde Park. The new identity represents the start of a big responsible investment push by the organisation. The sun shone, champagne and Pimm’s flowed while hor d’oeuvres were devoured. The location for...


George Osborne By altogetherfool via Flickr

Summer Budget 2015: renewables Climate Change Levy exemption to be scrapped

Chancellor George Osborne has delivered the first majority Conservative government Budget since 1996, including plans to scrap an “out-dated” Climate Change Levy exemption on renewable electricity. Presenting his Budget, Osborne said the plans set out put “security first” and was for “working people” who have worked hard and sacrificed...


money and calculator by images money via Flickr

Climate-aligned bonds grow 20% to reach $600bn

Over the last decade almost $600 billion (£390bn) worth of climate-related bonds have been issued, with the last year seeing a 20% increase, according to the Climate Bonds Initiative’s new report. The annual report was commissioned by the HSBC Climate Change Centre of Excellence. Zoe Knight, head of the...


wind turbine by Colin Brough via Freeimages

Ambitious policy ‘essential’ to transforming UK energy, say scientists

In order to meet carbon targets set for 2050 the UK government needs to take action now and set out an ambitious policy package to transform the energy system, according to research led by University College London (UCL) scientists. The study analysed potential pathways the UK could take to...


uk power plant by sheffield star via Flickr

Report: economic growth and achieving emissions targets possible

A new report has set out ten key economic opportunities that could help close the emissions gap while allowing economies to continue growing. The paper, from the Global Commission on the Economy and the Climate, calls for stronger cooperation between governments, businesses, investors, cities and communities. The report –...


clouds sun by astrangelyisolatedplace via Flickr

Study: hot and dry summers to become norm in UK by 2100

New research from the Met Office suggests that by the end of the century hot, dry summers like the one experienced in 2003 could become the norm, while wet winters are less likely to happen. The research, which has been published in the journal Nature Climate Change, used a...


Prince Charles - John Williams via Flickr

‘Unprecedented level of cooperation’ needed to tackle climate change, says Prince Charles

In order to “rewire the economy” and build synergy between ecological, social and economic goals there must be an “unprecedented level of cooperation and integration”, Prince Charles has said. Speaking at the University of Cambridge Institute for Sustainability Leadership ‘Rewiring the Economy’ dinner, Charles said that governments will have...


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Investments in gas projects could become stranded, warns Carbon Tracker

Some $283 billion (£183bn) of possible liquefied natural gas projects (LNG) to 2025 are likely to be surplus to demand if action to limit climate change is taken, according to a study from thinktank Carbon Tracker. The organisation warns investors to scrutinise the potential growth of LNG businesses. The...


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Markets dip after Greece rejects bailout

Share prices dipped today after Greece voted ‘no’ to a bailout deal. Greeks took to the polls over the weekend to register their vote in the referendum. The outcome has lead to fear that the country could be forced to exit the eurozone. The final result of the referendum,...


deforestation by crustmania via Flickr

Standard Chartered joins 9 other banks in pledge to cut deforestation

Standard Chartered has joined nine other banks in committing to helping prevent deforestation by cutting out businesses whose operations drive the practice by 2020. The Soft Commodities Compact aims to align the banking industry with the Consumer Goods Forum’s resolution to help achieve zero net deforestation in their supply...


coal by oatsy40 via Flickr

Coal-fired electricity investment threatens climate goals, warns OECD head

Angel Gurria, secretary general of the OECD, has called on governments to rethink the role of coal in energy supply, arguing the scale of investment being made in coal-fired electricity generation poses the “most urgent threat” to our climate. While Gurria noted that coal might be cheaper than other...


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​Ecclesiastical rebrands as EdenTree Investment Management

Today Ecclesiastical Investment Management rebranded to EdenTree Investment Management. The rebrand includes a redesigned website which uses their new visual identity which can be seen at www.edentreeim.com. Since March 1988, Ecclesiastical Investment Management Limited has been at the forefront of responsible investing. Head of Investments Sue Round launched one of the...



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