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UBS Banker's Frustration Exposes Cracks in World of Climate Finance

(Bloomberg) -- Judson Berkey didn’t hold back.Most Read from BloombergBiden Gains Ground Against Trump in Six Key States, Poll ShowsJapan Amps Up Intervention Threat as Yen Hits Lowest Since 1990Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleUsing Your Premium Credit Card May Cost More After Visa-Mastercard DealTrump Vows to Pay Fraud Trial Bond Cut by 68% to $175 MillionIt was early February and the UBS Group AG banker had WebEx-dialed into a meeting held on th

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Investor group turns up heat on mining tailings dam laggards

A group of investors managing more than $25 trillion said they plan to challenge mining companies that have not yet committed to a tailings dam best-practice standard and may vote against management at upcoming annual meetings. The Investor Mining and Tailings Safety Initiative was launched in August 2020 in response to the Brumadinho disaster in Brazil where 270 people were killed when a tailings dam collapsed. So far 77 listed mining companies, including the world's largest BHP and Rio Tinto, have signed up to a tougher code of conduct.

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CofE Pensions Board publishes inaugural climate action plan

The Church of England (CofE) Pensions Board has published its inaugural climate action plan which sets out its commitments to address climate risks across its investment portfolio.

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Phoenix Group joins Transition Pathway Initiative

Phoenix Group has become a member of the board of the Transition Pathway Initiative (TPI).

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12 pension funds launch EM climate collaboration

A group of 12 UK pension funds convened by the Church of England (CofE) Pensions Board have teamed up in a bid to find ways in which to support the climate transition in emerging markets.

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CoE pensions board ten years ahead on 2050 net-zero goal

The Church of England Pensions Board has said it is ten years ahead of the 2050 net-zero target it set for itself after “excellent” investment returns during 2021.

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Trial begins for Marine accused in soldier's hazing death

NORFOLK, Va. (AP) — To hear a military prosecutor tell it, U.S. Marine Mario...

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