UK Financial Watchdog Launches First Ever Climate Investigation
- FCA says it can’t name company targeted by its climate probe
- Revelation follows ClientEarth freedom-of-information request
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Britain’s financial watchdog has launched its first ever investigation of a company on climate-related grounds.
The Financial Conduct Authority, which didn’t identify the company by name, made its probe known in response to a freedom of information request filed by ClientEarth, a nonprofit that successfully sued the UK government over its climate stance in 2022. The FCA said the case was opened in July last year.