Co-operative forced to freeze renewable energy lending

Jessica Shankleman
clock

Mutual admits it could fail to hit £1bn pledge to green energy projects

The Co-operative Group has been forced to halt a £1bn plan to invest in green energy projects, after the bank stopped lending to all new business ventures. The Co-op had been expecting to meet, and...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Morgan Stanley climate fund leads €49m raise for domestic energy flexibility firm

Morgan Stanley climate fund leads €49m raise for domestic energy flexibility firm

Morgan Stanley Investment Management's 1GT leads Series E funding for Amber Electric, as Australian firm seeks European expansion

Stuart Stone
clock 21 September 2026 • 3 min read
Data centres: How UK climate and water risks pose challenges for AI investors

Data centres: How UK climate and water risks pose challenges for AI investors

Energy-hungry and water-thirsty data centres pose risks for investors, with the build-out coinciding with a changing climate and rising demands in a more resource-scarce future

Jack Roach, Investment Week
clock 17 September 2026 • 5 min read
Carbon intensity of global equity emissions fell by a third over past decade

Carbon intensity of global equity emissions fell by a third over past decade

London Stock Exchange Group study reveals corporate climate targets have become widespread, but overall emissions are still yet to fall

James Murray
clock 17 September 2026 • 3 min read