SPOTLIGHT JPMorgan Chase & Co. is voluntarily complying with new European Union sustainability disclosure regulations. The firm issued a principal adverse impact (PAI) statement, which provides a set of metrics to help clients compare asset managers based on negative ESG impact. In …
SPOTLIGHT New York City pension funds asked the state’s Supreme Court to dismiss a lawsuit against them for divesting from fossil fuels. The funds argue that the plaintiffs are “wasting the Court’s time” and trying to protect companies that repeatedly uplift fossil fuels despite the …
SPOTLIGHT The SEC’s enforcement division has issued subpoenas to several asset managers, seeking details on their ESG investment marketing strategies, in a push to eliminate greenwashing. Those under scrutiny include traditional investment funds that have pivoted to ESG funds, as well as funds …
SPOTLIGHT McDonald’s Corp. has removed the term “ESG” from parts of its website, coinciding with Republican criticism of environmental, social, and governance initiatives. At the same time, concerns over the clarity and consistency of ESG scoring have led Norway’s sovereign wealth fund to support …
SPOTLIGHT S&P has switched from numbers to narrative when rating ESG factors. It is a welcome move to focus on a clearer qualitative assessment of investments instead of complex, sometimes contradictory scores across different parts of a company’s activities. Investors have found S&Ps …
SPOTLIGHT Even as insurers cite climate risk as the reason for dropping out of volatile markets, a new report reveals U.S. insurers held $536 billion in fossil-fuel related assets in 2019. The report, conducted by Ceres, ERM, and Persefoni, found that the top …
SPOTLIGHT Barclays classified a $10 billion revolving credit facility for Shell as “social and environmental financing,” helping Barclays reach its $150 billion sustainable financing goal. Regulators are concerned that these climate commitments are a dishonest attempt to continue funding fossil fuels, even if …
SPOTLIGHT A recent Financial Times op-ed highlights three inherent inconsistencies within sustainable investing that make it difficult to implement effectively and consistently. 1. Contradictions between ESG goals and actions: Recent events including the UK government’s decision to issue new North Sea oil and gas licenses …
SPOTLIGHT “Climate cartel” has become a popular anti-climate action buzzword both on social media and in the halls of power. A new Fortune op-ed refutes these false accusations, stating climate alliances are permissible under U.S. antitrust law as they focus on collaborative …
Over 3.2 million people worked in clean energy jobs according to the 2023 U.S. Energy & Employment Report, which uses data from 2022.
Introduction The World Bank Group (WBG) and International Monetary Fund (IMF), also known as the “Bretton Woods institutions,” are global financial power brokers dominated by US and EU interests. Their prominent role in the multilateral, public financing landscape reflects their …
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.
While subfreezing temperatures affect how far any vehicle can travel, many EVs have unique capabilities that can help drivers cope with chilly temperatures.
COP27 Context Egypt will host the 27th UN Climate Change Conference of the Parties (COP27) in Sharm el-Sheikh between November 6-18 2022. Last year’s meeting in Glasgow led to countries setting ambitious goals, and at this meeting, billed as the …
Background Climate finance will be center stage during November’s 27th UN Climate Change Conference of the Parties (COP27) in Egypt. Rich countries’ governments will be urged to spend much more money in the developing world and follow through on unfulfilled …
The Climate Nexus finance newsletter delivers a weekly update that looks ahead to the big stories and players at the intersection of climate change, finance, regulation, clean energy, and oil and gas. Finance Newsletter | April 16, 2024 Exxon’s mask …
The Clean Energy Newsletter delivers the week’s top energy transition stories every Wednesday afternoon. Clean Energy Newsletter | May 31 2023 Former whaling town embraces offshore wind, green shipping corridors take shape, solar energy investment overtakes oil Public housing retrofits …
A poll of 1,965 registered U.S. voters on support for increasing renewable energy in response to Russia’s war against Ukraine.
