Oil company values likely to fall within five years, warn asset managers
New survey reveals share of fund managers who expect value of oil firms to drop in coming years has doubled in the last 12 months
As a growing number of banks and investors look to shift their focus away from high carbon industries, fund managers are becoming increasingly concerned that the value of oil companies could be about to...
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BNP Paribas sets out rules for coal financing phase out
In a string of new measures unveiled yesterday, the bank has tightened its rules on providing finance to companies invested in coal, giving European firms until 2021 to align their coal strategies with a 2030 exit date.
Centrica throws weight behind UK heat electrification drive amid hydrogen cost fears
British Gas owner says UK should target one million heat pumps by 2025 as it fears hydrogen domestic heating may be a decade away
Vattenfall gets green light for 1.8GW Norfolk Vanguard offshore wind farm
BEIS gives nod to huge 1.8GW wind farm proposed by Swedish energy company, as it delays approval for Ørsted's Hornsea Three project for the fourth time
Carbon Clean Solutions closes $22m funding round
Carbon capture and separation technology pioneer pulls in backing from oil and gas giant Equinor in second major funding round
