UK politics
fromwww.independent.co.uk
5 hours agoEnergy firm bosses face bonus ban if they break the rules' in major Ofgem reforms
Ofgem is gaining new powers to hold energy executives accountable and protect consumers from harm.
Gabelli Healthcare & WellnessRx Trust has maintained quarterly payments for over 14 consecutive years with no missed or skipped dividends, recently raising its distribution to $0.17 per share.
"Ironically, many if not most of these 'sustainability' projects remain disassociated from companies' core procurement strategies, meaning the coffee produced from these projects is not necessarily bought by the companies involved, or only in minimal quantities," the paper states. "And for the coffee that is purchased, prices do not factor into the project design, despite the fact that price is the single variable impacting farmer income that is in the direct control of companies."
Multinational firms are under rising pressure-from investors, regulators, and employees-to demonstrate positive societal impact in the places where they do business. With ESG-focused institutional investments projected to reach nearly $34 trillion this year and roughly 90% of large U.S. companies now disclosing ESG reports, these pressures are now a central part of corporate strategy.
When Obvious Ventures launched 12 years ago with a focus on "world positive" companies, the idea was a contrarian bet: that startups tackling climate, health, and economic resilience could deliver big returns, not just feel-good impact. Founded by Twitter cofounder Ev Williams and others, the firm backed companies like Beyond Meat, the AI drug discovery company Recursion Pharmaceuticals, and Diamond Foundry, which makes sustainable lab-grown diamonds.
BP ( NYSE: BP) just confirmed what many already suspected: Big Oil's renewable energy pivot was an expensive mistake. The British oil giant took a $5.4 billion write-down on its green energy portfolio in 2025, including $3.5 billion on solar developer Lightsource bp and renewable natural gas producer Archaea. The company suspended share buybacks entirely to shore up its balance sheet while CEO Carol Howle emphasized a return to BP's "distinctive opportunity set in upstream business."
You have probably heard about voluntary carbon offset-if not from elsewhere, from buying plane tickets, where, after you have paid for the ticket, the tax, the seats, maybe the luggage fee, and the priority boarding, you have an option to also pay to offset your carbon footprint. Companies get to do this, too, and, unlike you, they get to brag about it.
"2025 was a year of accelerated momentum, with strong operational and financial performance across Shell." He added, "In the fourth quarter, despite lower earnings in a softer macro (environment), cash delivery remained solid and today we announce a 4% increase in our dividend and 3.5 billion dollars share buyback, making this the 17th consecutive quarter of at least three billion dollars of buybacks."
As we kick off 2026, activist investor campaigns are no longer just prevalent; they are global, sophisticated, and have increasingly become an acute threat to corporate leadership. The escalating pressure is undeniable: Barclays data shows that activist investor campaigns hit a high last year - surpassing 2024 by 5% - with 32 CEOs resigning as a result (a record) - and showing no signs of slowing down.
Most CEOs believe climate change is real. They need to deal with it to stay profitable, create resilient operations, and remain relevant to their customers and employees. Texas leads the country in the production of both fossil fuels and renewable energy, in part because everyone knows the state's power grid needs all the help it can get.
As audit committees confront a rapidly expanding risk landscape, their role in corporate governance is being reshaped. Boards have often turned to current and former CFOs as independent directors, particularly for audit committees, because of their ability to translate complex operational and financial realities into effective oversight.For example, this month, J. Michael Hansen, former EVP and CFO of Cintas Corporation, was appointed to the audit committee at Paychex.