ABN Amro Asia Pacific sustainability chief departs as bank cuts non-European corporate finance business

ABN Amro Asia Pacific sustainability chief departs as bank cuts non-European corporate finance business

The Asia Pacific head of sustainability of ABN Amro has left the business, as the Dutch multinational bank scales back its operations in the region in the wake of the economic turmoil caused by the Covid-19 pandemic. ABN Amro exited the corporate and institutional banking sector outside of Europe in August after reporting second-quarter losses, at an estimated cost of about 800 jobs globally.  The restructures sees APAC sustainability head Ghislaine…

New Zealand PM Ardern urged to apply crisis skills to climate change

New Zealand PM Ardern urged to apply crisis skills to climate change

New Zealand’s re-elected Prime Minister Jacinda Ardern should use the skills she honed in successfully crushing the threat of Covid-19 to focus on a green recovery and help farmers tackle climate change’s “nuclear-free moment”, environmentalists said. Ardern, whose Labour Party won a landslide victory in the general election last weekend, made a name for herself by responding decisively to the coronavirus pandemic and healing the nation after the killing of Muslims by…

Land eight times the size of Bali burned in Indonesia in last five years: Report

Land eight times the size of Bali burned in Indonesia in last five years: Report

Greenpeace blames Indonesia’s poor law enforcement for the recurring crisis, stating that the government has failed to uphold pledges to prevent fires and punish companies behind the blazes, made after the catastrophic fire episode in 2015. Broken promises Indonesia’s 2015 fire season, which destroyed 2,6 million ha of land, was its worst in nearly two decades, with the blazes generating more carbon dioxide emissions than the United States’ entire economy for…

Drought and hunger drive Nepal farmers to India, defying Covid ban

Drought and hunger drive Nepal farmers to India, defying Covid ban

As an exceptionally wet monsoon season caused floods and landslides across much of Nepal, Buddhi Prasad Chaudhary, a farmer in the west of the country, was harvesting his rice early, after drought left it suitable only for animal feed. Chaudhary, 27, uses groundwater supplies to grow some of the crops on his half-acre (0.2-hectare) farm in the Narainapur rural municipality of Banke district. But for a thirsty crop like rice,…

We need to mine deep-sea metals to power the energy transition: DeepGreen CEO Gerard Barron

We need to mine deep-sea metals to power the energy transition: DeepGreen CEO Gerard Barron

The sort of deep-sea mining DeepGreen does involves scooping nodules of these metals off the ocean floor in a way that limits impact, says Barron, who grew up on a dairy farm in Australia, started his first business while at university, and founded an advertising technology firm before helping to set up and finance DeepGreen in 2011. There will be no deforestation, use of explosives, drilling, grinding or child labour—issues commonly…