Citi and Bank of America announced Wednesday they will join the Partnership for Carbon Accounting Financials, a global framework for financial institutions to measure and disclose the emissions from their lending and investment portfolios.
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Today, Morgan Stanley announced it will become the “first U.S.-based global bank to join the Partnership for Carbon Accounting Financials (PCAF) and its Steering Committee as part of the firm’s commitment to measuring and disclosing its approach to climate change risk and opportunity.”
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Duke Energy and Dominion Energy, two of the nation’s largest utility companies, announced Sunday the cancelation of the Atlantic Coast Pipeline, a 600-mile natural gas pipeline that would have crossed West Virginia, Virginia, and North Carolina, and under the Appalachian Trail.
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Shareholder’s today sent a strong message of concern to JPMorgan Chase about its outsize support of fossil fuels in the face of catastrophic climate risk.
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Fifty-four percent of investors voted to pass a shareholder resolution at the Phillips 66’s annual meeting this week asking the company to report on the public health risks of expanding petrochemical operations in areas increasingly prone to climate change-induced storms, flooding, and sea level rise.
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The Trump administration today announced its final fuel economy rule, rolling back more stringent Obama-era standards. These standards were considered some of the most ambitious and impactful policies to curb climate change emissions from the transportation sector, the largest source of U.S. emissions.
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For the second year in a row, the U.S. Securities and Exchange Commission (SEC) has allowed Exxon to reject shareholders’ request for clear reporting on whether and how it intends to reduce its total carbon footprint in alignment with the global Paris goal of net-zero emissions by 2050. In a separate ruling, the SEC also allowed Chevron to avoid the question of whether it intends to align with the Paris goal.
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The 2020 report Banking on Climate Change released today demonstrates that banks are fueling catastrophic warming of the globe. Shareholders, whose portfolios are already being impacted by climate change, are greatly disappointed by these results.
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The U.S. Securities and Exchange Commission (SEC) recently held that JPMorgan Chase, the world’s largest funder of fossil fuels, must include a climate-related shareholder proposal on its proxy this year.
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Last week, the U.S. Securities and Exchange Commission (SEC) allowed Sempra Energy and Dominion Energy to omit resolutions filed by shareholder representative As You Sow to address the growing potential for stranded natural gas assets at the utilities.
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News that GM and Toyota are siding with the Trump administration in its plan to restrict California from setting its own air pollution standards for vehicles comes as the Golden State continues to battle fierce wildfires throughout the state.
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The Sierra Club today filed a lawsuit against the Securities and Exchange Commission (SEC) for failing to respond to a Freedom of Information Act (FOIA) request.
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The Guardian, in collaboration with the Climate Accountability Institute, revealed Wednesday that 20 large multinational companies are responsible for one third of all greenhouse gas emissions emitted in the modern era — and these polluters are still driving the relentless climb of global temperatures.
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Duke Energy, the largest U.S. power utility, announced today a major commitment to address climate change by setting a target to achieve net-zero carbon emissions by 2050, with an interim target of 50 percent carbon emission reductions by 2030.
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Anadarko Petroleum Corp shareholders voted today to approve the oil and gas producer’s $38 billion sale to Occidental Petroleum Corp — the largest merger seen in the oil and gas industry since Royal Dutch Shell Plc acquired BG Group Ltd. in 2016.
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his week Devon Energy announced a new commitment to reduce the intensity of its methane emissions from 0.32 percent in 2018 to 0.28 percent by 2025. This announcement comes recently after the company’s sale of its high-carbon oil sands assets in Canada.
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Today, 33% of investors at Chevron Corporation’s annual meeting voted in support of a shareholder resolution asking the company to report on how it plans to reduce its full range of greenhouse gas emissions and transition its business model to align with a decarbonizing energy market. Also today, at Exxon’s annual meeting, 25% of investors voted in support of a shareholder resolution asking the company to issue a report assessing the public health risks of expanding petrochemical operations in areas increasingly prone to climate change-induced storms, flooding, and sea level rise.
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Shareholder proposals brought by As You Sow will challenge two of the world’s largest oil and chemical producers, ExxonMobil and DowDuPont at annual meetings on May 29 and June 25, respectively, to issue a report assessing the public health risks of expanding their petrochemical operations and investments in areas increasingly prone to climate change-induced storms, flooding, and sea level rise, and the risks such operations pose to public health.
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