The International Network of Financial Centres for Sustainability (FC4S) has launched a working paper on the implications of COVID-19 on sustainable finance. The paper explores how the sustainable financial system is reacting to the pandemic, and sets out a framework to assess existing levers aimed at strengthening the role of the system in supporting a low-carbon recovery. The paper will be updated every quarter and focuses on four major sections: Financial and Capital Markets; Policy Action; Regulation and Supervision; and International Networks covering recent developments in response to COVID-19.
The federal district court for the Northern District of California has ordered Resolute Forest Products to pay $800,000 in legal fees in a dispute with Greenpeace. The forest product company alleged that Greenpeace’s campaign which labelled the company a “Forest Destroyer” and a major contributor to climate change was “malicious and false”.