News

• $3trn investor coalition heaps 'stranded asset' pressure on fossil fuel firms

  24 October 2013

  A coalition of investors worth $3 trillion has joined forces to write to 45 of the biggest oil and gas companies demanding how they are dealing with the threat of 'stranded assets'.

• Renewables company bond issue raises three times its target

  24 October 2013

  A UK renewable energy supplier has raised £15 million ($24 million) – three times its initial target – in an oversubscribed bond issue.

• World Bank seeks new carbon head

  24 October 2013

  Joëlle Chassard is to retire as manager of the World Bank's carbon finance unit at the end of the month, according to a newsletter from the Bank.

• China's battle with smog to drive up water stress, warns report

  24 October 2013

  China's recently announced effort to combat the smog blighting its eastern cities will exacerbate the water stress facing the country, a new report has warned.

• Next-generation biofuels maker raises $52m in $110m debt round

  24 October 2013

  A next-generation biofuels company has raised $52 million from three unidentified investors, as part of a $110 million financing round.

• Vattenfall joins calls for 'EU carbon central bank'

  23 October 2013

  The head of one of Europe's largest utilities has joined calls to set up a body regulating the supply of allowances in the continent's beleaguered emissions trading system.

• Macquarie targets Japanese solar through ¥100bn joint venture

  23 October 2013

  Macquarie Capital and Japanese construction and engineering group Maeda Corporation have launched a joint venture to invest in and raise finance for solar power projects.

• UK renewables projects earmarked for government loan guarantees

  22 October 2013

  A number of renewable energy projects have been earmarked to receive government guarantees worth up to £33 billion ($53 billion) in total, the UK Treasury announced today.

• Gates takes €113m stake in Spain's FCC

  22 October 2013

  Microsoft founder Bill Gates has bought a 6% stake in Spanish infrastructure and environmental services company FCC for €113.5 million ($155.9 million).

• Water is major risk to miners' competitiveness, warn bank analysts

  22 October 2013

  Water-related risks such as scarcity, pollution and flooding are a significant and growing threat to mining companies' operating costs, efficiency and licence to operate, says a new bank study.