Tag Archives: finance

Ignoring natural capital could see countries’ credit ratings downgraded

BusinessGreen: Countries’ credit ratings may be rated as stronger than they actually are because of the lack of emphasis placed on national policies aimed at preserving natural resources. Degradation of a country’s so-called natural capital could exacerbate the sovereign debt crises that have helped trigger, and deepen, the global economic downturn, the UN warned yesterday. A report by the UN Environment Programme’s Finance Initiative (UNEP FI) says loss of soils, forests, and fisheries, as well as rising… Continue reading

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Ignoring natural capital could see countries’ credit ratings downgraded

BusinessGreen: Countries’ credit ratings may be rated as stronger than they actually are because of the lack of emphasis placed on national policies aimed at preserving natural resources. Degradation of a country’s so-called natural capital could exacerbate the sovereign debt crises that have helped trigger, and deepen, the global economic downturn, the UN warned yesterday. A report by the UN Environment Programme’s Finance Initiative (UNEP FI) says loss of soils, forests, and fisheries, as well as rising… Continue reading

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BP executives awarded bonuses despite Deepwater Horizon disaster

Guardian: BP, the company at the centre of the worst oil spill in US history, has awarded bonuses to two of its senior directors, according to its annual report. Byron Grote, the finance director, and Iain Conn, the head of refining, have both received payouts of more than £100,000 on top of their regular salaries although those bonuses are dramatically lower than in 2009. The payments have been made even though the share price of the oil group has continued to suffer from the Deepwater Horizon accident,… Continue reading

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