BlackRock, Temasek decarbonization venture raises $1.4B

Decarbonization Partners surpassed its initial goal of $1 billion for its first late-stage venture capital fund.

By Lamar Johnson • April 26, 2024

Citizens Bank funds green jobs program for New York’s offshore wind sector

The bank’s philanthropic arm will commit $600,000 over two years to financially support Brooklyn-based youth in pursuing careers in the renewable energy sector.

By Zoya Mirza • April 26, 2024

Explore the Trendline➔

Top 5 stories from ESG Dive

This year is shaping up to be a formative one for ESG, both on the regulatory and financial front, with the SEC’s climate disclosure rule and the battle over shareholder rights and proposal approvals.

By ESG Dive staff

BofA, Goldman clean energy ratio proposals fail, despite some shareholder support

The resolutions failed to pass despite over a quarter of voters supporting them before each of the banks' boards.

By Lamar Johnson • April 25, 2024

Oklahoma group raises red flag on anti-ESG law as Republicans weigh rollback

The Oklahoma Rural Association said municipalities are facing increased borrowing costs, as state representatives look to exempt subdivisions from the law.

By Lamar Johnson • April 24, 2024

JPMorgan warns clean energy transition could take ‘decades or generations’

New research from the U.S. bank pointed to inflation, high interest rates and geopolitical issues as key roadblocks delaying the shift from fossil fuels to renewable energy.

By Zoya Mirza • April 24, 2024

Net-Zero Asset Owner Alliance’s updated target-setting to cover all private assets

The fourth edition of the protocols will also include guidance for members to set 2030 goals aligned with the Paris Agreement.

By Lamar Johnson • April 19, 2024

House GOP spearheads legislation to strike down SEC climate disclosure rule

The Financial Services Committee advanced a Congressional Review Act challenge to the rule by a 28-22 vote split along party lines.

By Lamar Johnson • April 18, 2024

The time is ripe for utilities to play a larger role in the energy transition

Utilities should provide upfront support to low- and moderate-income customers customers for residential electrification and decarbonization measures to prevent them from being stuck on the existing fossil fuel systems.

By Dan Bakal • April 18, 2024

German energy company RWE issues first pair of US green bonds for $2B

This marks RWE’s first foray into the nation’s bond market, with plans to issue $3-3.5 billion in green bonds annually in the U.S. and Europe until 2030.

By Lamar Johnson • April 17, 2024

Texas schools fund adopts ‘ESG skeptical’ proxy voting stance

The move comes after the Lone Star State pulled $8.5 billion from BlackRock last month over its stance on fossil fuels.

By Zoya Mirza • April 17, 2024

CIP acquires 1.3 GW of New York onshore wind projects

Copenhagen Infrastructure Partners made the acquisition through its CI V fund, which has raised billions in capital commitments for greenfield renewable energy investments.

By Diana DiGangi • April 16, 2024

Capital One shareholders urged to approve scope 3 target-setting proposal

The New York State Common Retirement Fund said the targets are necessary to fully assess the bank’s climate risk exposure and mitigation strategies.

By Lamar Johnson • April 15, 2024

Toyota clinches $150M for new climate-focused fund

The fund will build on the car manufacturer’s inaugural 2021 climate fund, which has backed climate tech startups and carbon capture and storage companies.

By Zoya Mirza • April 15, 2024

Chevron leads $45M investment in carbon removal company Ion Clean Energy

The energy giant made the investment through its New Energies division, in collaboration with Carbon Direct Capital.

By Lamar Johnson • April 10, 2024

Lack of uniform standards and disclosures a roadblock to scaling transition finance: report

Without formal definitions, metrics and transition finance instruments endorsed by international organizations, broader adoption could stall, the CFA Institute said.

By Suman Bhattacharyya • April 10, 2024

Citi, TD, HSBC, Northern Trust added to West Virginia restricted list

The state warned the banks in February of consequences if they "boycott" fossil fuels. BMO and Fifth Third avoided being added to the list, the state said.

By Caitlin Mullen • April 9, 2024

Two-thirds of ‘sustainable’ passive funds are supporting fossil fuel expansion: Reclaim Finance

Greenwashing threatens efforts to advance sustainability goals, researchers from the climate nonprofit say.

By Suman Bhattacharyya • April 8, 2024

RBC joins Citi, JPMorgan in disclosing green financing ratios

New York City Comptroller Brad Lander announced this week that the shareholder proposals put forward by the city’s retirement system have been pulled at all three banks.

By Lamar Johnson • April 5, 2024

Powell: Fed tracks emerging ‘material’ risks, but not a climate policymaker

“Policies to address climate change are the business of elected officials and those agencies that they have charged with this responsibility,” Federal Reserve Chair Jerome Powell said.

By Lamar Johnson • April 4, 2024

How solar manufacturers can leverage IRA clean energy tax credits

More than 500 companies and 45,500 projects registered for clean energy tax credits under the law as of March 8.

By Joelle Anselmo • April 4, 2024

Goldman renewables spinoff MN8 Energy secures $325M investment

Ridgewood Infrastructure and Switzerland-based Mercuria Energy both secured observer seats on the renewable energy company’s board of directors as part of the transaction.

By Lamar Johnson • April 2, 2024

White House funds $6B to decarbonize US industrial sector

The Department of Energy offered grants for 33 projects in eight historically high carbon-emitting industries such as aluminum, concrete and chemicals.

By Joelle Anselmo • April 2, 2024

Citi says 71% of energy clients lack substantive transition plan or ‘ability to execute’

The bank made the disclosure in its latest climate report in response to a proposal that had been put forward by shareholder advocacy group As You Sow.

By Lamar Johnson • April 1, 2024

Mississippi hits BlackRock with cease and desist order over ESG investments

The secretary of state accused the world’s largest asset manager with securities fraud and said it could face a multimillion-dollar administrative penalty.

By Lamar Johnson • March 28, 2024

Sustainable sourcing platform Circular eyes expansion with $10.5M in funding

Circular plans to expand internationally, add employees and introduce materials besides plastics to the platform.

By Katie Pyzyk • March 28, 2024