General Electric today announced an intent to exit the new build coal power market. The company, while gaining increasing positive attention for developments in wind turbines and other renewable technologies, has been criticized for continuing to promote high-carbon projects globally.
Read MoreToday, the Steering Committee of Climate Action 100+ (CA100+), an initiative comprised of more than 450 global investors managing more than $40 trillion in assets under management, gave notice to high-emitting companies that they will soon be publicly evaluated on how they are (or are not) transitioning their business strategies and operations in alignment with the goals of the Paris Agreement and a net-zero emissions future.
Read MoreHurricane Laura made landfall early Thursday near the Texas-Louisiana border in the heartland of American oil refining and petrochemical production.
Read MoreThe Trump administration is expected to announce this week a rule to eliminate the regulation of methane from oil and gas production, allowing rampant increases in this climate-forcing greenhouse gas. The announcement comes after years of opposition to the rollback from both investors and industry.
Read MoreCiti 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.
Read MoreToday, 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.”
Read MoreDuke 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.
Read MoreToday at Southern Company’s annual general meeting, management announced a new climate target to achieve net-zero emissions by 2050. This improves upon its previously vague target of “low to no emissions” by 2050.
Read MoreShareholder’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.
Read MoreFifty-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.
Read MoreThe 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.
Read MoreFor 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.
Read MoreThe 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.
Read MoreThe 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.
Read MoreLast 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.
Read MoreShareholder advocacy group As You Sow and nonpartisan policy think-tank Energy Innovation today released Natural Gas: A Bridge to Climate Breakdown, a report addressing the opportunities presented by the clean energy transition and the risk of overreliance on natural gas for utilities.
Read MoreJPMorgan Chase will reportedly announce today a number of policies to increase restrictions on global coal funding and to end direct project funding of Arctic oil and gas projects.
Read MoreExxonMobil filed a motion this week to exclude from its proxy a climate-related shareholder resolution asking whether and how the company intends to align its business model with the goals of the Paris Climate Agreement.
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