A handful of snippets for the sustainable investor.
Data from the Rainforest Action Network, and reported by the FT in the chart below, showed the extent of banks’ financing for fossil fuels globally from 2016 to 2019.
Former Labour MP Chuka Umunna will join JP Morgan as the head of its European ESG advisory unit.
The approval of a new coal plant in Cumbria in the UK is an example of the difficulties posed by decentralisation of government in pursuing a path to net zero emissions. Local authorities can approve certain projects or engage in activities without central government approval in many cases, although the central government often has veto rights. This is even true of China, which despite its seemingly centralised governance structure, does give some power to local authorities to make decisions. Where local jobs and economic growth are concerned, often local government priorities can differ from central government strategy.
Sustainability digest is a weekly newsletter highlighting a handful of interesting issues facing the sustainable investor.
To the pound 