'Bring it on': California commissioner bullish on fossil fuel divestment
Commissioner Dave Jones was threatened with legal action from 12 Republican attorney generals who oppose his fossil fuel investments disclosure initiative. The threats appear to have spurred Jones on, however. Callum Tanner reports
Allianz says policy changes needed to boost renewables investment
The G20 countries need to roughly double their annual investments in renewables and power infrastructure to meet the 2oC global warming goal of the Paris Agreement on climate change, according to German insurer Allianz.
Insurers are bystanders on climate change risk management
Insurers are largely bystanders when it comes to managing climate change risk in their investment portfolios, according to the latest survey by the Asset Owners Disclosure Project (AODP).
Allianz Global Investors backs US solar project
Allianz Global Investors (AllianzGI) has agreed to provide a 'back-leverage' loan to the 250MW Moapa solar energy facility in Nevada. The size of the loan has not been disclosed.
Comment: Trump and Paris - who will have the last laugh?
As he announced that the US was to pull out of the Paris Climate Accord, President Donald Trump claimed that the rest of the world was laughing at the US for signing the agreement, and they won't be laughing any longer.
Allianz makes fifth tax equity investment in US wind
Allianz Capital Partners (ACP), the alternative investment arm of the German insurer, has secured its fifth US wind farm tax equity investment in a little more than a year.
Berkshire's 'huge appetite' for wind and solar assets
Berkshire Hathaway, the holding company of about 70 re/insurance companies globally, has a "huge appetite" for solar and wind power projects, according to chief executive Warren Buffett.
Investors with $15trn in AUM call on global governments to implement Paris Agreement
Investors representing more than $15 trillion in assets under management (AUM) have written to the governments of G7 and G20 countries calling on them to support and implement the commitments of the Paris Agreement, to limit global temperature increase to less than 2°C.
Allianz rejects calls to expand its coal divestment policy to its asset management and underwriting businesses
Allianz told its annual general meeting (AGM) that it has divested €225 million of ($245.7 million) of coal holdings, but it rejected a call to expand its coal divestment pledge to its asset management and underwriting business.
Green bond comment: April was all about innovation and infrastructure
April was a solid month for green bond issuance, raising some $5.6 billion. That figure is up on the $5.3 billion for the same month last year, mainly thanks to a RMB15000 ($2.2 billion) from Bank of Beijing, the biggest Chinese green bond of the year.