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Energy crunch causes ESG to fall out of favour: John Browne

  Bloomberg The former chief of BP Plc warned that investors are pushing environmental, social and governance concerns aside as fears about energy security and mounting costs take precedence. John Browne, who ran BP between 1995 and 2007, was speaking 25 years after becoming the first boss of an oil major to acknowledge the link between manmade carbon emissions and ...

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Finland loses main gas supply after refusing payment in rubles

Bloomberg Russia is cutting Finland off from its natural gas supplies as relations between the two neighbours sour over the Nordic nation’s decision to join defense alliance Nato. Finland is the third European country to lose gas from Russia after refusing to pay for the fuel in rubles. Flows on a main pipeline from the region’s top supplier were expected ...

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Bailey proves inflation targeting is a bad idea

The Bank of England (BOE) would have preferred to have had more to celebrate on the 25th anniversary of its independence earlier this month. The central bank’s Monetary Policy Committee has one goal, to which everything else is subordinate: to keep overall consumer inflation at 2%. But it has been a year since the inflation rate was that low and ...

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