Michael Gove has attacked Donald Trump over his decision to withdraw the US from the Paris Agreement on climate change, saying the world’s second biggest source of greenhouse gases could not “simply walk out of the room when the heat is on”. In a speech in which the Environment Secretary promised a “green Brexit”, Mr Gove said he “deeply” regretted the move by the US President, who once described global warming as a “hoax” perpetrated by China. However he also expressed hope that Mr Trump was reconsidering the decision, Mr Gove said environmental factors had brought about “collapse or crisis” that destroyed past civilisations “again and again” over history. He pointed to evidence of new threats posed by “climate change, the build-up of toxins in our soil, air and oceans and the spiralling level of resource consumption, waste generation and demand for energy which all threaten human progress in the future”. “It is because environmental degradation is such a threat to future prosperity and security that I deeply regret President Trump’s approach towards the Paris Agreement on Climate Change,” Mr Gove said in a speech at environmental charity WWF-UK.
Independent 21st July 2017 read more »
Aviva Investors has warned more than 1,000 companies globally that they face shareholder backlash at their annual meetings next year if they fail to publicly disclose the risks posed to their business models by climate change. The UK fund house, which oversees $437bn of assets, said it will vote against the annual reports and accounts of companies that fail to embrace recommendations set out last month by the task force for climate-related disclosure, a group backed by the Financial Stability Board, the body that makes recommendations to the G20 group of nations about regulation and policy, and led by Mark Carney, the Bank of England governor. The recommendations, which are voluntary, call for companies to set out the risks and opportunities linked to climate change that they face, and how boards are dealing with these issues. Companies have also been encouraged to describe how their current business strategies would be affected by varying degrees of climate change.
FT 20th July 2017 read more »