JPMorgan Chase commits to $18 an hour minimum wage in D.C.
JPMorgan Chase bank has committed to paying its newly hired tellers, bankers and branch managers in the Washington area a minimum of $18 an hour.
Finance
HSBC U.K. Pension Scheme invests £250 million in renewable energy
The pension scheme will focus its renewable investment on solar plants and wind farms and will generate enough clean electricity for the entire population of Oxford.
Global green energy patents up 43% in a year
Figures reveal that more than 14,800 renewable energy patents were filed worldwide in 2017 — a 43 per cent rise on the 10,500 in the previous year.
Connecticut Green Bank has provided over $1 billion for clean energy projects since 2011
The Connecticut Green Bank was established in 2011, and since then has been working to accelerate the deployment of clean energy.
Investor coalition joins manifesto to halt deforestation in the Cerrado region of Brazil
A coalition of investors managing over US$5.6 trillion in assets joined a coalition of more than 70 large food companies in calling for zero deforestation in Brazil’s Cerrado region.
NYC pension fund to invest $4 billion in climate change solutions by 2021
In order to accomplish this objective, City pension systems will aim to double the existing $2 billion investment across all asset classes to reach $4 billion of investment in renewable energy, energy efficiency, and other climate solutions.
Capital Dynamics lines up $1.2 billion to buy renewables
Capital Dynamics, one of the biggest buyers of U.S. solar farms, closed a $1.2 billion fund to acquire even more clean-power plants.
Investors worth $6.7 trillion advocate for better palm oil standards
More than 90 institutional investors representing over $6.7 trillion in assets under management have written to the Roundtable on Sustainable Palm Oil (RSPO) calling on it to strengthen its green certification standards for palm oil production.
Lloyds Banking Group halts financing for new coal plants
Banking giant will no longer finance coal-fired power stations or thermal coal mines in support of Paris Agreement goals
London Mayor announces £500 million clean energy fund
London Mayor Sadiq Khan has this week announced the creation of a £500 million Mayor’s Energy Efficiency Fund which will focus on helping public sector organizations and small businesses to cut carbon emissions.