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Deep Dive5 ESG trends sustainability professionals should monitor in 2025
Upcoming leadership changes in the White House and Congress are expected to create a more adversarial stance on ESG and climate issues in 2025.
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BlackRock leaves NZAM as Wall Street runs from climate groups
The nation’s largest investment manager is leaving the Net Zero Asset Managers initiative, joining a broader financial institution exodus from high-profile climate alliances.
Updated Jan. 10, 2025 -
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Texas AG drops probe of major US banks following NZBA exodus
State Attorney General Ken Paxton said Texas will end its ongoing review of Bank of America, Morgan Stanley and JPMorgan Chase following the banks’ exits from the Net-Zero Banking Alliance.
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Treasury finalizes guidance for IRA’s tech neutral, clean electricity tax credits
They’re “the most important clean energy tax credits ever enacted,” said Brad Townsend, vice president of policy and outreach at the Center for Climate and Energy Solutions.
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Shell shareholders file resolution asking oil giant for transparency on LNG strategy, climate goals
The proposal calls out Shell’s plans to increase its sales of liquified natural gas and asks how the company justifies its growth strategy with its climate commitments.
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Toyota Motor North America lands $4.5M DOE grant for EV battery recycling
The funding will go toward the development of an industry template for EV battery recycling.
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SBTi appoints EY corporate sustainability partner as next CEO
David Kennedy will take on the chief executive role at the climate target validation organization in Q2 from interim CEO Sue Jenny Ehr, pending an agreement with his current firm.
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McDonald’s cools on DEI, shifts to ‘global inclusion’
The shift in strategy comes as a result of work done last year, McDonald’s said, including a “comprehensive Civil Rights Audit.”
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Biden bans most new offshore oil and drilling in clean energy push
President-elect Donald Trump vowed on Monday to undo the executive order that applies to more than 625 million acres of federal coastline.
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JPMorgan becomes latest major US bank to exit NZBA
The bank’s departure from the Net Zero Banking Alliance follows the exits of five other major U.S. banks from the climate coalition in the past month.
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Fervo Energy nabs $255M to deploy carbon-free geothermal power
The Houston, Texas-headquartered energy company said the new funding would help it deploy geothermal energy to meet the “skyrocketing demand for clean, firm power.”
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Final 45V hydrogen tax credit guidance draws mixed response
While hydrogen industry leaders generally welcomed the final rule’s increased flexibility, some said the complicated tax credit guidelines will stymie industry growth.
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Big Oil urges Supreme Court to weigh in on Honolulu climate case
The judges will determine whether to take up the oil giant's appeal during a Jan. 10 conference.
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EPA issues permits for California carbon capture and storage facility
Amid local concerns about the health risks the facility could pose, an EPA official said she believes the permits are “protective of the public and the environment.”
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Constellation NewEnergy, GSA ink $840M deal for emissions-free power to federal facilities
The procurement agreement will involve supplying over 1 million megawatt hours of electricity annually over the course of a 10-year contract, the U.S. General Services Administration said.
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Bank of America, Citigroup, Morgan Stanley latest to exit Net-Zero Banking Alliance
The financial institutions’ decision to leave NZBA comes shortly after Goldman Sachs and Wells Fargo announced they were departing the United Nations-backed climate coalition last month.
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Equinor secures $3B for Empire Wind 1 offshore wind farm
Equinor expects capital investments in Empire Wind 1 to total around $5 billion, including fees for the use of the South Brooklyn Marine Terminal, the company said.
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Did Costco just reset the narrative around DEI?
In contrast to a slew of companies, the warehouse retailer has forcefully rejected an anti-DEI shareholder proposal as bad for business.
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Sustainability profession at ‘crossroads’ amid regulation, compliance headwinds: Trellis
Compliance is becoming a bigger part of a sustainability executive’s role, coupled with greater oversight from legal and CFO teams, according to the research firm.
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OpinionHow AI is shaping the future of sustainability
The rapid evolution of artificial intelligence is redefining how industries operate, and its influence on sustainability is no exception, according to PwC’s ESG principal.
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Qcells finalizes $1.5B DOE loan guarantee for Georgia solar plant
The plant began some production this spring, with plans to start full operations next year.
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Walmart to miss 2025, 2030 emissions reduction targets
The retail giant said it will miss its goals to reduce operational emissions because of challenges with energy policy and infrastructure, as well as technology availability.
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Colin Campbell/ESG Dive
EPA grants California waivers for truck, car emissions rules
Opponents to the rules expect the waivers will be short lived with a change in administration coming in January.
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Retrieved from Nostromo Energy on December 19, 2024
Nostromo Energy receives $305M conditional commitment from DOE for thermal energy storage system
If finalized, the loan will support up to 193 IceBrick installations in commercial buildings across California, scaling the ice-based system’s integration with virtual power plants, the company says.
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White House targets 61-66% GHG reductions by 2035
“Broad participation in the development, implementation, and evaluation of emissions reduction measures will play an important role in reaching the target,” the White House said.
