Net Zero Asset Owner Alliance surges to almost $4tn

Four more investors have joined the UN-convened network

UK pension funds warned of legal action over climate risk

ClientEarth has written to trustees of 14 of the UK’s biggest pension schemes

London mayor urges councils to ditch fossil fuels

The London Pension Fund Authority has only 2% of its entire holdings invested in fossil fuel companies

Consumers foot bill for TV station and nurseries in energy tariffs

Extra charges on some European countries’ energy bills are going towards funding national broadcasters, pension funds and in the case of one central European country, nursery care. Portugal reports broadcasters’ fees are included in electricity bills and Italy is considering following suit. The revelation came in new analysis from trade body Eurelectric which flagged up the […]

Goldman Sachs invests in DONG Energy

Goldman Sachs and two Danish pension funds have invested a total of DKK11 billion (£1.24bn) in DONG Energy. Funds managed by the global investment bank will buy new shares worth DKK8 billion (£0.9bn) – gaining a 19% stake in the Danish company. Pension fund ATP will invest DKK2.2 billion (£0.25bn) for a 5% stake while […]

Green Investment Bank "delay" concerns Hillier

The Shadow Energy Secretary has expressed concern over the delay in Green Investment Bank lending. Speaking at the Offshore Wind Conference in Liverpool yesterday, Meg Hillier worried that the pushed back lending risked “throttling” the growth of smaller green businesses. The Green Investment Bank is the new financial body that will loan money to green […]