Archive

Spate of climate litigation takes aim at oil, gas, cement and nuclear

A spate of climate-related litigation has been launched that proponents say will increase companies' accountability for their contribution to climate change and prevent 'greenwashing'.

Investor welcome for Shell exit from Cambo oil project

Oil supermajor Shell has backed out of investing in the Cambo oilfield project in Scotland in a move described as a "deathblow" for the controversial project...

Audits 'undervalue climate risk, should be regulated'

Regulators should require companies and auditors to explain how climate risk is captured in financial statements, Greenpeace has urged, after the NGO said investors have failed to push audit firms to properly value such risks.

COP26 draft agreement 'needs more ambition'

A draft agreement thrashed out at COP26 has been praised for committing to phase out coal and subsidies for fossil fuels, but was lambasted for failing to scale up climate finance to the most vulnerable countries, and was accused of an overall lack of ambition.

UK climate disclosures mandatory within three years

Climate-related financial disclosures that will align with forthcoming standards to be drawn up by the International Sustainability Standards Board will become "mandatory" in the UK for investors in two or three years, the government has said.

Carney criticised for 'greenwashing' net-zero financial firm alliance

Former Bank of England governor Mark Carney has been criticised by more than 90 non-governmental organisations that the Glasgow Financial Alliance for Net Zero (GFANZ) that he chairs provides a means for banks to 'greenwash' their activities.

Total secures shareholder backing for controversial climate strategy

Shell ordered to cut emissions by 45% by 2030 in 'historic' court decision

Anglo-Dutch oil supermajor Royal Dutch Shell has been ordered by a Dutch court to reduce its carbon emissions by 45% by 2030, which campaigners describe as a "historic" decision.

COP26 president urges end of coal at 'last hope' summit for Paris goals

The incoming president of the UN COP26 climate summit in November said the meeting is the "last hope" of keeping the goals of the Paris Agreement alive, adding the summit should also "consign coal to history".

German court backs 'globally remarkable' climate law complaint

The German Federal Constitutional Court has decided that the 2019 climate change act violated the freedoms of the young complainants by offloading the majority of the carbon emissions reductions to after 2030, in a decision described as "globally remarkable new standard for climate protection as a human right"