Latest Ed Davey News

Emissions declarations by equity firm Carlyle under question

Sep. 26, 2022 13:13 PM EDT

LONDON (AP) — At the start of 2022, the Carlyle Group, one of the world’s leading private equity firms, published a report on its financial risk from greenhouse gas emissions. Yet something was not in the report. Carlyle’s largest oil and gas investment, NGP, was not included....

New UK PM Truss vows to tackle energy crisis, ailing economy

Sep. 06, 2022 20:58 PM EDT

LONDON (AP) — Liz Truss became U.K. prime minister on Tuesday and immediately faced up to the enormous tasks ahead of her: curbing soaring prices, boosting the economy, easing labor unrest and fixing a national health care system burdened by long waiting lists and staff shortages. ...

Prince William charity invests with bank tied to dirty fuels

Aug. 19, 2022 13:14 PM EDT

LONDON (AP) — The conservation charity founded by Prince William, second in line to the British throne and who launched the Earthshot Prize, keeps its investments in a bank that is one of the world's biggest backers of fossil fuels, The Associated Press has learned. The Royal...

Banks far from hitting Paris climate targets, groups warn

Jul. 28, 2022 14:59 PM EDT

The world’s most influential banks need to substantially accelerate climate efforts if global temperature rise is to be kept within the targets of the Paris Agreement, an assessment released Thursday by an institutional investors group warned. The efforts of 27 giant banks in North...

Report: East Africa pipeline 'breaches banking principles'

Jul. 07, 2022 12:22 PM EDT

A controversial oil project that would connect oilfields in a Ugandan National Park to a port in Tanzania breaches global environmental guidelines for banks, according to a new nonprofit report Tuesday. The 897-mile (1443-kilometer) East Africa Crude Oil Pipeline (EACOP), planned by...