The legal action represents a world-first climate lawsuit against a commercial bank.

"Lack of regulation makes for a Wild West of sustainable fund management", Edward Lander from Ethical Consumer said.

US and Mexican activists fighting new oil and gas projects said they had to give a basic lesson on the harm caused by fracking during meetings with financiers in London.

A new report finds that while the multilateral development bank tries to position itself as a climate leader, it still supports gas pipelines, refineries, and gas export terminals.

Major verifier of existing projects says ‘few, if any, credits would pass’ under proposed new rules.

The industry, which is currently meeting in Monte Carlo, still has its head in the sand when it comes to the climate, write Ariel Le Bourdonnec and Lindsay Keenan.

Draft standards drawn up by the Integrity Council for the Voluntary Carbon Market aim to tighten up a notoriously opaque sector.