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Green Investment Bank sell-off plans alarm MPs and peers

2015-12-13 01:04:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Controversial plans to privatise the governments Green Investment Bank (GIB) have run into serious trouble in parliament amid fears among MPs and peers that the sale will strip it of any legal requirement to back exclusively green projects and promote a low-carbon economy. Key figures in government have admitted that the sell-off has become hugely problematic, because ministers have been told the switch to the private sector has to include rule changes that will release the privatised bank from...

Tags: green plans bank investment

World Bank approves $700m investment in Ghanas offshore gas project

2015-08-03 01:00:00| Offshore Technology

The World Bank has approved a $700m investment in guarantees for offshore Sankofa gas project in Ghana.

Tags: world project bank investment

Arlington investment bank buying New York firm

2015-07-28 22:02:58| Footwear - Topix.net

Arlington-based investment bank FBR & Co. will buy New York investment banking firm MLV & Co., a move FBR says will give it the top market share in placing equity in private companies and in at-the-market equity offerings.

Tags: york firm bank investment

How a green investment bank really works

2015-07-13 01:45:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Business secretary Vince Cable, responsible for the UK's Green investment bank (GIB), visits the German development bank KfW today, a day after the law establishing the GIB was published. It will be an interesting visit. When I met Leon Macioszek, director of KfW in Berlin on Tuesday, I pointed out that the GIB can't actually borrow. This rendered him speechless as his mind wrestled hopelessly with the contradiction. But I am sure he will recover in time to tell Cable about the bank's work. There...

Tags: works really green bank