Global financial industry calls for more climate action from G20 ahead of COP26

GFANZ, which represents $90tn in global assets, has published a report of the further action that needs to be done by G20 governments to achieve net zero aims

Net Zero Asset Managers initiative reaches $43tn in assets

More than 40 new asset managers have joined the initiative to help their clients align their portfolios with reaching net zero emissions

Oil infrastructure
Decarbonisation ‘could leave fossil-fuel economies stranded’

These are the findings of a new World Economic Forum study which shows the world’s sovereign wealth funds collectively own $8 trillion

Global coal generation ‘plunging into death spiral’

A new report suggests 42% of the world’s currently operating coal fleets are unprofitable

Investment firm buys 100MW of Portuguese hydropower

Aquila Capital has agreed to acquire 21 operational small-scale hydropower plants from EDP

UK’s energy assets ‘will be in the hands of communities within a decade’

Matt Allen, CEO of Pivot Power, told ELN Editor Sumit Bose about how a new platform could help fund the change

GIB assets risk being sold off after privatisation

The Green Investment Bank’s (GIB) assets risk being sold off after the state-owned company is privatised. According to reports, Australian bank Macquarie is gearing up to sell some of the bank’s key assets once it secures the £2 billion deal to buy it from the UK government. The majority of these assets are whole ownerships or […]

Prize your business assets? Watch out for the new ISO standard

If you look after the buildings or infrastructure of your business, you’ll be familiar with the term ISO 9001 – but now there’s a new ISO on the block. It’s a new international standard for a company’s assets, be it their equipment, buildings, employees and even data about how the business runs. Officially launched today […]

Rosneft chairman sees danger in selling assets

Rosneft’s new chairman Alexander Nekipelov has warned his government to take a cautious approach over selling important oil assets. According to the privatisation plan for Rosneft, which pumps nearly a quarter of the country’s oil, the state is aiming to lower its stake from 75.16% to 51%. Mr Nekipelov told Reuters: “To make this decision […]