Labour is plotting to introduce new net zero laws that will force big companies and banks to limit their carbon footprint to comply with UN climate goals. Ed Miliband, the shadow Climate and Net Zero Secretary, has confirmed plans for a new crackdown that would force bosses to ensure their companies are aligned with the goal of keeping global temperature rises below 1.5C this century. The new laws planned in the event of a Labour victory would legally oblige directors to publish their company’s carbon footprint every year. They would also have to show that their business’s policies were compliant with the UN Paris climate treaty signed in 2015, under which the world agreed to try to limit temperature rises. The treaty was agreed between governments but Mr Miliband wants the obligations it enshrines to also apply to FTSE 100 businesses including energy producers like Shell and BP, significant energy consumers such as Easyjet and major supermarket chains Tesco and Sainsbury. Perhaps more importantly, he also wants it to apply to the banks and financial institutions that lend to all businesses. It could potentially mean companies could only get loans if they were “climate compliant.” Mr Miliband outlined the plans...