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UBS to slow mountain-top removal financing
25 November 2010Tougher regulation and growing opposition to mountain-top removal (MTR) mining has prompted UBS to slow down its funding of companies involved in the controversial coal extraction technique – but the bank has stopped short of pulling out completely.
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Data snafu sees PRI scoring temporarily withdrawn
25 November 2010The Principles for Responsible Investment (PRI) secretariat has been forced to recall the scores sent out to hundreds of signatories, following a glitch in the survey software used.
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DJSI World enlarges to tap more investors
24 November 2010Demand from investors wanting a larger investment universe has led to an expansion of the Dow Jones Sustainability Index (DJSI) family.
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Exelon earmarks $5bn for clean energy
18 November 2010US utility Exelon is to invest nearly $5 billion in low-carbon energy projects starting this year, as part of plans to cut carbon dioxide emissions by more than 15 million tonnes a year by 2020.
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'Huge potential' for water impact on investors, but response limited
18 November 2010Investors are failing to factor water risk into their investment decisions because of a lack of information, according to a leading activist investor.
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CalPERS puts $500m to work in climate strategy
18 November 2010The California Public Employees' Retirement System (CalPERS) is investing $500 million in an environmental strategy based on HSBC's Global Climate Change Benchmark Index.
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US to raid loan guarantees to save clean energy grants?
11 November 2010The US midterm elections may have dealt a fatal blow to the federal cash grant and loan guarantee programmes for the clean energy sector, and financiers and developers are cool on a plan to sacrifice one programme to save the other.
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'Grim picture' for environmental investing set to brighten?
11 November 2010Institutional investors are risk averse, time-poor and "carbon and climate fatigued", making it difficult to generate interest in environmentally-orientated investing, according to a leading investment consultant.
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SRI investment growth outpaces wider US market
11 November 2010Growth in socially responsible and sustainable investments (SRI) has substantially outpaced the broader US market, despite the economic recession, according to the latest bi-annual study from the Social Investment Forum (SIF).
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Biofuel firm sends pork fat flying
11 November 2010A biofuel plant in Louisiana is turning chicken fat and pork lard into renewable diesel, in what its joint venture partners say is the first commercial-scale advanced biofuels facility in the US.