Abstract image for the COP28 UAW

COP28: Issues and Expected Storylines

COP28 Storylines Last updated: November 20, 2023 The United Arab Emirates will host the 28th UN Climate Change Conference of the Parties (COP28) in Dubai, from Thursday, Nov 30 to Tuesday, Dec 12, 2023. Global leaders, environmental advocates, the private …

U.S. Coastal Cities Show Strong Support for Offshore Wind

Why the Rise in Offshore Wind Costs is Temporary

Despite the short-term concerns, the offshore wind sector is well positioned to weather the challenges and come out delivering affordable, reliable energy along with myriad climate, health, and economic benefits as the U.S. industry matures.

Finance Media Monitor | 10.25.23

SPOTLIGHT Investors are ditching Article 8 funds, an EU fund classification requiring ESG goals are “promoted,” due to growing skepticism around their efficacy. These funds lost more than €20.5 billion last quarter, and the funds that suffered the most had the weakest sustainability …

Finance Media Monitor | 10.23.23

SPOTLIGHT Anti-ESG sentiment in the U.S. hasn’t deterred asset managers and investors, but some are revising their messaging strategies. 30% of asset managers surveyed in a new Cerulli report plan to be more cautious about messaging, though none of them intend to cease integrating ESG considerations …

Finance Media Monitor | 10.20.23

SPOTLIGHT Sierra Club sent a new supplemental comment letter to the SEC today, reminding the commission that millions of investors are still being misled by fund managers’ ESG marketing and urging the agency to finalize the proposed ESG Disclosure Rule. “The SEC must finalize …

Finance Media Monitor | 10.19.23

SPOTLIGHT The European Union is considering a delay in some of its ESG rules over concerns they’re too burdensome for industry. Certain elements of the European Sustainability Reporting Standards could be pushed off for two years in an attempt to make sure European companies “remain …

Finance Media Monitor | 10.16.23

SPOTLIGHT The European Banking Authority is revising the framework that sets industry-wide capital requirements for lenders, known as Pillar 1, to incorporate environmental and social risks. These rules will likely impact high-emitting sectors like oil, gas, cement, steel, and mining.While the EU is making progress …

Finance Media Monitor | 9.27.23

  SPOTLIGHT Expect a load of Republican disinformation about the proposed SEC climate disclosure rule today as Chair Gary Gensler testifies before the House Financial Services Committee. Elizabeth Warren and 24 other Democrats applied pressure on the SEC prior to the hearing to push out a strong reporting …

Finance Media Monitor | 9.26.23

  SPOTLIGHT Deutsche Bank’s investment arm, DWS, reached a $19 million settlement with the SEC to resolve allegations that it overstated its use of ESG factors in its funds. DWS did not admit or deny the charges, but accepted two cease-and-desist orders related …

Finance Media Monitor | 9.20.23

  SPOTLIGHT Skyrocketing property insurance premiums burden Americans across the country, yet a new report says premiums aren’t rising fast enough to accurately reflect climate risk. An estimated 39 million US homes are insured at suppressed prices compared to actual climate risk, and nearly 6.8 million of those …

Finance Media Monitor | 9.19.23

  SPOTLIGHT Almost 150 climate protesters were arrested in New York for blocking the Federal Reserve entrance in a call for financial regulators to curb fossil fuel funding. The act of civil disobedience—one of New York’s largest in a decade—followed Sunday’s estimated 75,000-person March …

Finance Media Monitor | 8.28.23

  SPOTLIGHT Saudi Aramco is under United Nations investigation for potential human rights violations linked to climate change. The UN’s human rights and transnational corporates working group is examining allegations against the world’s biggest fossil-fuel producer, claiming Aramco has violated Paris Agreement goals …

Finance Media Monitor | 8.25.23

  SPOTLIGHT Polluting companies would face a hefty price tag if they actually had to pay for their climate damage. The cost of emitted carbon pollution would eat up 44% of profits for the nearly 15,000 companies, with 90% of the calculated damage …

Finance Media Monitor | 8.24.23

  SPOTLIGHT Chaos erupted at last night’s debate after Republican presidential candidates were asked if they would calm younger voters’ concerns that the party doesn’t care about climate change. A chorus of boos rained down on candidate Vivek Ramaswamy when he claimed the ‘climate change …

Finance Media Monitor | 8.23.23

  SPOTLIGHT Washington D.C. Attorney General Brian Schwalb is investigating anti-ESG ringleader Leonard Leo and his dark money ring. While the scope of the probe is unclear, it likely has to do with multi-million dollar payments—totaling $73 million over six years—made from Leo’s …