Lloyds Banking Group to stop financing new coal plants

It has also committed to power five million homes through supporting renewable projects in the UK by 2020

Four major UK banks ‘still investing heavily in fossil fuels’

Four big UK banks are said to be investing “heavily” in fossil fuels than in clean energy projects. Barclays, RBS, HSBC and Lloyds have been given a ‘D’ grade for a lack of climate policies and exposure to fossil fuels by charity Christian Aid. Its new report assessed policies of banks in relation to climate […]

Arctic business boom must err on the side of caution

The Arctic region has been earmarked as a major growth region for energy companies. But the firms who take risk management the most seriously will be the most likely to succeed commercially. This is according to a new report from Lloyd’s of London. The reduction in Arctic sea ice, amongst other things, is opening avenues […]

Official task force to cut offshore wind costs named

Figures from Lloyds bank, Vestas, Siemens, DONG Energy and Centrica are to join an official team tasked with cutting offshore wind costs. Energy Minister Charles Hendry unveiled the members of the Offshore Wind Cost Reduction Task Force, which was first announced as part of the Government’s Renewable Energy Roadmap in July. Mr Hendry said: “I […]