OVO urged to review job cut plans

UNISON has slammed OVO’s proposal to slash 250 jobs, urging them to seek alternative solutions

The banking sector needs to embrace climate language, says banking expert

In this week’s Net Hero Podcast, Heather Buchanan, Co-founder of Bankers for Net Zero told us people should have access to the carbon data of their purchases

UK businesses expect price hikes amid rising energy costs

Almost a quarter of UK businesses considering government energy support as essential for survival, according to a new survey

Barclays launches climate tech hub

Barclays reopens its Cambridge Eagle Lab, now a hub for climate tech startups, featuring a 90% carbon emissions reduction through innovative retrofitting

Davos: 320 global organisations to adopt green financial disclosures

More than 320 organisations globally commit to adopting nature-related financial disclosures, following the Taskforce on Nature-related Financial Disclosures recommendations

Geothermal lido shuts for winter due to high energy costs

The UK’s first geothermal lido, the Jubilee Pool in Penzance, Cornwall, will shut during winter due to unexpected operational costs and inefficiencies in the heating system

bp to reclaim £32m from former boss over “serious misconduct”

Former BP CEO Bernard Looney is poised to lose £32 million in pay and benefits as the company takes action following an internal investigation

Thames Water faces cash crisis warning

Thames Water’s parent company, Kemble Water Holdings, has received a caution from auditors, indicating a potential cash shortage by April if shareholders fail to inject additional funds

‘Minimal borrowing costs for oil and gas despite environmental concerns’

Oil and gas companies are facing almost no additional borrowing costs compared to less polluting businesses, according to a study by S&P Global Ratings

Thames Water to slash 300 jobs in bid to tackle £14bn debt

The water supplier is set to cut jobs, primarily in its retail and digital divisions, as part of a broader effort to enhance financial stability