Britain is at a crossroads as it prepares to leave the European Union’s trading regime at the end of the year. UK Chancellor Sunak has made a major announcement on green finance, setting out his post-Brexit vision for the city of London as a green...
As the economy increasingly struggled amidst the COVID19 pandemic, many corporations halted their dividend plans but appeared instead more reticent in sacrificing their executive compensation plans. For instance, the cases of IAG, British Airways owner, and Ryanair Bonus payment to CEO Michael O’Leary bring forth ethical considerations on the...
World's biggest asset managers are facing enormous pressure over the role they (do not) play on climate change. Public opinion, shareholders and governmental institutions are urging JPMorgan, Vanguard and BlackRock to substantially change their strategies over climate change. What the last two months of 2019 showed...
Bank of England Governor Mark Carney will be the 2020 UN special envoy on climate action and climate finance. The Canadian economist and banker will replace billionaire Michael Bloomberg taking on the UN role to push finance to act on climate change. However, Mr. Carney’s successor at...
A report from Institute for Energy Economics and Financial Analysis (IEEFA) found out recently that BlackRock lost $6.5tn by betting on oil companies and missing out growth in clean energy investment. According to the IEFA report, BlackRock ignored “the serious financial risk of investing in fossil fuel and...