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Rio Tinto shareholders in largest ever vote for climate resolution
03 May 2018Investors with a combined $4 billion of shares in Rio Tinto have recorded the largest vote for a climate change-related resolution, without board support, in Australian corporate history.
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The beginning of the end for coal investment and underwriting
30 April 2018Insurers have made efforts to disengage themselves from the coal industry on both sides of the balance sheet, but climate activists say they could do more. Cintia Cheong and Nick Roumpis examine the latest developments
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Actiam backs third successive Shell climate resolution
27 April 2018Dutch asset manager Actiam criticised Shell for not doing enough to change its business strategy as it threw its weight behind a third successive climate-related shareholder resolution with the company.
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TCFD guidance for banks launched
26 April 2018Guidance was today launched to help banks assess and report the 'transition risks' in their loan books, as recommended by the Task Force on Climate-related Financial Disclosures (TCFD).
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Voting begins for EF's Deals of the Year awards
25 April 2018A new category of 'Loan of the Year' has been added to Environmental Finance Deals of the Year awards.
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Climate-related risk will dent oil company valuation by 2020, fund managers predict
25 April 2018About 90% of fund managers expect that the valuation of international oil companies (IOCs) will drop 'significantly' within two years because of energy transition risks such as new legislation, a survey of organisations with more than $13 trillion in combined assets has found.
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HSBC is latest bank to withdraw from coal and tar sands
20 April 2018HSBC pledged to stop lending to most coal-fired power stations and to stop financing oil from tar sands, but "missed the chance to join the green banking leaders", according to one NGO.
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Norges Bank backs climate and water shareholder resolutions
20 April 2018The advisor to the world's largest sovereign wealth fund has thrown its weight behind climate-related shareholder resolutions with energy companies Imperial Oil and TransCanada.
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Banking on a changing climate? Part 2
13 April 2018Climate change poses a significant threat to banks. How big is their exposure to climate risks, and what are they doing to mitigate them, asks Peter Cripps. The second part of this two-part feature explores physical risks and liability risks
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Danish pension fund excludes 35 oil companies on climate grounds
12 April 2018PKA has excluded 35 oil and gas companies from its investment portfolio based on concerns about their approach to climate change.