Among the eco-zealots who lambasted Rishi Sunak last week over his welcome rethink of net-zero pledges was City tycoon Peter Hughes.
The founder of the asset-management firm Apex Group, which manages $3 trillion for its clients and employs 12,000 people in 94 offices around the world, nobly wants to help the planet.
Last year, Apex declared it had offset its entire lifetime of carbon emissions, and in 2021 it planted 200,000 trees in Madagascar to help it go carbon neutral.
No surprise, then, that Hughes is no fan of Sunak’s change of gear.
‘The UK may have a small carbon footprint on a global scale but has an outsized opportunity to influence international climate policy for the good,’ he said last week.
‘This latest announcement risks the undermining and loss of that influence.’