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 …
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 …
Delivered straight to your inbox every morning, Hot News summarizes the most important climate and energy news of the day, delivering an unmatched aggregation of timely, relevant reporting. It also provides original reporting and commentary on climate denial and pro-polluter …
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 …
For immediate release: May 26, 2023 Climate Nexus, a US-based nonprofit strategic communications firm, is pleased to announce the appointment of Isis Dallis as our new Executive Director. “We are delighted to announce this appointment,” said Heather Grady, Vice President …
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.
MEET THE CLIMATE NEXUS TEAM Olivia AmitayAssociate for Projects and Partnerships Read bio As an Associate for the Projects and Partnerships Team, Olivia Amitay works to craft an effective climate finance communication strategy. She has approached climate communications from a …
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 …
Overview: Methane at COP27 Why methane? Background Methane is the second biggest cause of global warming, following carbon dioxide. It’s responsible for about half of the 1.1°C of warming, according to the IPCC. Main anthropogenic sources of methane (International Energy …