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Lloyd's issues call to arms to insurers on climate change
23 November 2017A call to action was issued to the insurance sector to step up its efforts to deal with climate change, as it comes to terms with what is expected to be the most costly year on record for natural disasters.
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Trillion-dollar wealth fund to consider dropping oil and gas investment
20 November 2017Norway's $1 trillion sovereign wealth fund is to consider divesting its holdings in oil and gas because of the risk fossil fuels pose to its portfolio.
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Axa calls for TCFD to be made mandatory
20 November 2017Financial disclosures on climate risk should become mandatory – as they are in France, according to an executive from insurance giant Axa.
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A quarter of refineries under threat in a 2°C world, warns Carbon Tracker
02 November 2017Falling oil demand in a carbon-constrained world could result in the closure of a quarter of global refineries in the next 20 years, the latest report from Carbon Tracker has found.
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Biggest fossil fuel companies more than six times over carbon budget
27 October 2017The 200 biggest coal and oil & gas companies have more than six times their allocated carbon budget in their reserves, according to a report by the Fossil Free Indexes (FFI).
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Shell and BP shareholder capital at risk, says ShareAction
26 October 2017Shareholders need to escalate engagement action with the management and boards of oil companies BP and Shell over the low-carbon transition as they face significant financial risk, according to responsible investment non-profit organisation ShareAction.
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BNP Paribas says 'non' to oil and gas from shale and tar sands
11 October 2017BNP Paribas today pledged to stop doing business with companies focused on oil and gas from shale and tar sands.
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Dutch central bank warns of climate risks
06 October 2017The Dutch central bank (DNB) has become the latest supervisor to warn about the risks climate change poses to the financial system, as it pledged to better integrate these concerns into its practices.
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Dutch central bank warns of green bubbles and greenwashing
06 October 2017The Dutch central bank (DNB) has warned that the boom in green finance holds the risk of bubbles and greenwashing and warns against looser regulation for such products.
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Asset manager plans shareholder resolutions on methane
04 October 2017An engagement initiative on methane has been launched, targeting the 2018 proxy voting season.