Shares at BP plc (LON:BP) have plunged to their lowest level since 1995, reaching a mere £2.10 on Wednesday and falling from its £5-a-share value at the start of 2020, just weeks after new CEO Bernard Looney warned of a major restructuring drive amid mounting fears about the role of the oil industry in the […]

The post BP shares dive to 25-year low amid climate crisis fears appeared first on UK Investor Magazine.

A coalition of 30 major asset managers, banks and investors – boasting Schroders, BlackRock, Barclays, and NatWest among others – have urged the UK government to issue a green bond to support investments in projects designed to decarbonise the UK economy and tackle social inequality. Reuters reported that the proposal involves a sovereign bond developed […]

The post Investors worth £10tr make impact investment plea to UK government appeared first on UK Investor Magazine.

Nest (National Employment Savings Trust), the UK’s largest pension scheme boasting a total of 9 million members, has pledged to pump £5.5 billion – almost half of its entire portfolio – into ‘climate aware’ investments, and aims to reach net zero carbon emissions across all of its stakes by 2050 by divesting from polluting projects. […]

The post Nest to inject £5.5bn into climate-friendly projects, decarbonise portfolio appeared first on UK Investor Magazine.

The latest figures released by energy researchers Bloomberg NEF (BNEF) have revealed that global investments in offshore wind farms surged to a new high of $35 billion in the first six months of 2020 – up by 319% year-on-year, and comfortably above 2019’s full-year figure of $31.9 billion. It appears that despite the enormous disruption […]

The post Offshore wind investment surges during lockdown appeared first on UK Investor Magazine.

A report by SWNS Digital has revealed that UK smart meter owners have managed to save a combined total of almost £270 million on energy consumption alone since 23 March. Across a study of 2,000 smart meter-owning Brits, each household estimated a £39.50 reduction in energy fees during the last three months of lockdown. This […]

The post Savvy smart meter owners saved almost £270m during lockdown appeared first on UK Investor Magazine.

The UK government is reportedly assessing its ongoing commitment to financially support overseas fossil fuels after it emerged that £3.5 billion of public funds has been spent on polluting operations since the Paris climate agreement came into effect in 2016. It is understood that senior civil servants are considering a new climate strategy with the […]

The post Government considers ending support for overseas fossil fuel projects appeared first on UK Investor Magazine.