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HSBC sets out oil sands policy, RAN unimpressed
27 January 2011HSBC has added language on oil sands to its policies governing lending to the energy sector – but the policy has left a leading pressure group unimpressed.
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Carbon Principles fail to slow US coal financing – RAN
27 January 2011The Carbon Principles have done nothing to slow down financing of US coal-fired power plants by the six banks that signed the voluntary agreement, according to a report by environment group Rainforest Action Network (RAN).
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Advanced biofuels projects win flurry of US loan guarantees
26 January 2011The US government is stepping up its support for advanced biofuels, with two federal agencies providing loan guarantees worth hundreds of millions, but the sector still faces funding and technology issues that are challenging its ability to scale-up operations.
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BP forecasts huge growth in energy demand, carbon by 2030
26 January 2011Global policy and technology efforts aimed at reducing emissions are not doing enough to set the world on a safe carbon path, according to BP, which predicts global emissions in 2030 will be 27% higher than today.
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Shareholders tell gas firms to 'frack' off
26 January 2011Shareholder resolutions related to natural gas "fracking" practices have proven more popular and sometimes more effective in changing energy company practices than similar resolutions, partly due to tremendous media scrutiny, investor advocates said.
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Renewable energy fund targets UK private investors
26 January 2011Guinness Asset Management is aiming to raise £10 million ($16 million) from tax-paying UK citizens for a fund that will invest in renewable energy assets.
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Dow, Nature Conservancy strike $10m ecosystem services research deal
25 January 2011Dow Chemical is to spend $10 million on a project to help companies measure the value of services provided by nature, and incorporate this into their planning.
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US wind power installation halved in 2010 – AWEA
25 January 2011Half as much wind capacity was built in the US in 2010 than in 2009, according to figures from the American Wind Energy Association (AWEA).
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Sustainable private bank launched by SAM founder opens its doors
25 January 2011Globalance, the sustainable investment private bank set up by responsible investment pioneer Reto Ringger, has received its banking license from Swiss banking authority FINMA and has named its board of directors.
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Time to send offsetting into retirement?
24 January 2011Carbon offsetting has received a mixed press in recent years – but switching from carbon credits to allowances could help restore its credibility, argues Jane Burston