T: 01242 620894 E: info@mypoweruk.com

Legal & General dump firms who aren't doing enough for climate change

An interesting move by Legal & General, the UK’s largest fund manager, is reported in today’s Times.

L&G has sold holdings in businesses which it considers aren’t doing enough to meet climate targets. Firms dumped include oil firms, US food groups, Chinese banks (cited for funding coal fired generators outside China) and the Japanese car maker Subaru.

This is not mere greenwashing; L&G is in the business of making money for its customers. It will know that firms which embrace clean energy will have a competitive advantage over those which don’t. This will lead to bigger profits and better returns for investors.

This will set a trend and we should expect other fund managers to follow.  

You can read the Times story here.

Find out how your company can benefit from clean, cheap electricity here...


News Headlines

Jaguar Land Rover could be all electric in five to seven years

Scottish Power to only generate wind powered electricity

EDF plan to install 75,000 EV chargers across Europe

Tesla's Australian battery storage installation is already saving millions

Blackstone to invest in African and Asian renewable energy

UK businesses making the effort to reduce energy consumption

Porsche has called time on diesel

China and India are way ahead of Western economies with solar generation

BMW taking reservations for new fully electric car

Mercedes Benz teases its first foray into the EV market

Germany to be the distribution hub for Russian gas

ICE vehicles to be charged £130 for entering seven busy London streets

London to hit diesel cars even harder

Nuclear waste could be dumped under our National Parks

Porsche names its all-electric Mission E the Taycan

Mypower interview on BBC Radio Gloucestershire

EU judges uphold decision for UK to subsidise Hinkley Point

Germany in the pocket of the Russians due to imported gas dependency

There is no doubt about the direction of electricity prices

Electrifying the expanding number of delivery vans makes perfect sense