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5 Things You Need To Know, Today, on Monday 28th March 2022
5. British pensions provider Scottish Widows will no longer invest in tobacco stocks and will cut back further on coal investments as it expands its responsible investment strategy.
Scottish Widows, part of Lloyds Banking Group, said this added a further £1.5 billion to its exclusions, bringing total divestments from firms deemed to pose a threat to the pension provider's environmental, social and governance (ESG) goals to £3 billion.
4. Canada says it can provide more oil, gas and uranium to help solve the global energy crisis.
Prices have soared as a result of Russian supplies being squeezed because of its invasion of Ukraine.
3. Global oil prices have fallen as China starts to implement a city-wide lockdown in Shanghai, an important financial and manufacturing hub.
Brent crude lost more than $3 a barrel on concerns that the move would mean that demand for oil will fall.
2. The government plans to take a 20% stake in a £20bn large-scale nuclear plant at Sizewell.
French developer EDF will also take a 20% stake in the Suffolk power station.
1. Ministers plan to force all ferry operators operating from UK ports pay at least the National Minimum Wage, in a bid to persuade P&O Ferries to reinstate 800 workers it has sacked.
Legislation will be introduced in the Commons later this week.