Nest, GLIL invest £400m in UK offshore wind farm
ESG Ratings in fixed income: A good start
ESG ratings should only be used as a first step when it comes to assessing issuers, a panel at Environmental Finance's ESG and Fixed Income 2020 conference heard. Ahren Lester reports
Net zero transition to cost $1-2tn a year, say energy companies
Achieving net-zero emissions worldwide by 2050 will cost $1-2 trillion a year, around 1.5% of global GDP, according to a report from coalition The Energy Transitions Commission (ETC).
Siemens Gamesa inks medical research supporting bank guarantee
Wind turbine maker Siemens Gamesa signed an innovative €600 million bank guarantee line to cover the component construction for the world's largest offshore wind farm, with the premium on the deal used to finance a cancer research project.
Bonds round-up: KfW, DKB, Orsted, RBS ... and more
No oil & gas company aligned with 2°C pathway, says TPI
None of the 50 largest oil and gas companies have aligned their emission intensity with a pathway that would keep global warming to 2°C, as called for in the Paris Agreement on climate change, according to the Transition Pathway Initiative (TPI).
Glennmont buys stake in German wind farm from GIP
London-based fund manager Glennmont Partners has struck a deal to buy a 25% stake in the 330MW Gode Wind 1 offshore wind farm in the German portion of the North Sea.
People moves: CDP, PRI, East Capital, GIG
Bruno Sarda has joined CDP, formerly Carbon Disclosure Project, as president of North America.