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Octopus Investments secure 400m financing for UK solar power projects

2015-10-19 01:00:00| Power Technology

Octopus Investments has secured 400m in financing for its 522MW portfolio of UK solar projects.

Citigroup Announces Financing Cuts for Global Coal Industry

2015-10-06 16:11:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: Citigroup today released a new policy to cut its lending to the global coal mining industry. The bank updated its environmental and social policy framework, stating that it had begun to cut its credit exposure to coal mining and that [g]oing forward, we commit to continue this trend of reducing our global credit exposure to coal mining companies. This is the second major bank to cut financing for coal mining this year after Bank of America announced a similar policy in May, following years of...

Tags: global industry financing cuts

Citigroup, citing climate change, will reduce coal financing

2015-10-06 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Citigroup Inc., the third-biggest U.S. bank, said it will cut back on financing for coal mining projects, in the latest blow to the industry thats viewed as a key contributor to global warming. Citigroup said its credit exposure to coal mining had declined materially" since 2011 and that the trend would continue into the future. The policy applies to companies that use mountaintop removal methods as well as coal-focused subsidiaries of diversified mining companies, according to the New York-based...

Tags: change reduce financing climate

Islamic auto financing fuels car sales in Pakistan

2015-09-28 10:23:43| Auto Dealers - Topix.net

In the wake of rising per-capita income in Pakistan, hopes for increased demand for cars is high. Carmudi has recently published a white-paper that encompasses current and future state of the flourishing car financing market in Pakistan, and how consumer attitudes towards credit have transformed in recent years, especially with the growing trend of Islamic banking and Finance.

Tags: auto sales car pakistan