Sustainability: Page 27
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SEC battles climate disclosure rule legal challenges
The agency faces nine petitions to the rule consolidated in the U.S. Eighth Circuit of Appeals, including suits collectively co-filed by 25 states.
By Zoya Mirza , Lamar Johnson • Updated Aug. 20, 2024 -
"U.S. Securities and Exchange Commission headquarters" by AgnosticPreachersKid is licensed under CC BY 3.0
OpinionThe SEC makes the call: Climate risk equals financial risk
When the SEC’s climate disclosure rule is paired with other climate reporting directives, the shift within the financial landscape will be monumental.
By Bob Hinkle • March 27, 2024 -
Alex Wong via Getty Images
Labor Dept. responds to Republican AGs appeal of ESG 401(k) rule
Liberty Energy, which also is challenging the Securities and Exchange Commission’s climate disclosure rule, joined the 26 states in the appeal.
By Lamar Johnson • March 26, 2024 -
Drew Angerer via Getty Images
House Judiciary subpoenas As You Sow CEO, expands antitrust probe
The Republican-led committee has summoned Andrew Behar, head of the shareholder advocacy group, for a deposition later this week as part of its ongoing ESG probe.
By Zoya Mirza • March 26, 2024 -
Mario Tama via Getty Images
Citi agrees to disclose green financing ratios, following JPMorgan
The New York City comptroller has withdrawn shareholder proposals with the two banks. The measure faces votes at four other banks.
By Lamar Johnson • March 25, 2024 -
Andrew Burton via Getty Images
ColumnESG isn’t just BlackRock’s fight
If it seems like banks are backing off of their sustainability efforts, comments from Barclays, TD and UBS may give added perspective.
By Dan Ennis • March 25, 2024 -
Sean Gallup via Getty Images
Treasury issues clarifying guidance on the IRA’s energy community bonus credit
The guidance expands the definition of an energy community and the nameplate capacity attribution rule for offshore wind projects.
By Diana DiGangi • March 25, 2024 -
Justin Sullivan via Getty Images
Nestlé launches pair of initiatives to decarbonize cocoa supply chain
The global food company said its new projects aim to reduce and remove over 500,000 metric tons of carbon over a 20-year period.
By Zoya Mirza • March 22, 2024 -
Joe Raedle via Getty Images
SEC to face all climate rule challenges in U.S. 8th Circuit Court of Appeals
The agency had nine legal challenges to its rule requiring public companies to disclose certain climate risks consolidated into one venue.
By Lamar Johnson • March 22, 2024 -
Daphne Howland/ESG Dive
Flexing for the planet: How Walmart crushed its supplier emissions target
The retail giant leaned on education, financing and recognition to get its supply chain on board with Project Gigaton, a sustainability executive with the company told Supply Chain Dive.
By Ben Unglesbee • March 22, 2024 -
Spencer Platt via Getty Images
Texas schools fund pulls $8.5B from BlackRock over ESG
The divestment is the latest from the Lone Star State, which has already placed BlackRock on restricted lists over its stance on fossil fuels.
By Zoya Mirza • March 21, 2024 -
Courtesy of Schneider National
White House unveils zero-emission truck charging, fueling infrastructure plan
The plan will guide zero-emission, medium- and heavy-duty truck charging and hydrogen fueling infrastructure deployment through 2040.
By Colin Campbell • March 21, 2024 -
Kevin Dietsch via Getty Images
House GOP continues to hammer SEC over climate rule
The House Financial Services Committee questioned the agency’s authority to promulgate the climate disclosure regulation both in the chamber and on the road.
By Lamar Johnson • March 21, 2024 -
Justin Smith/iStock/Getty Images Plus via Getty Images
EPA softens vehicle emissions standards in win for automakers
The final rule steadily tightens the requirements, giving automakers more time to ramp up EV sales.
By Michael Brady • March 21, 2024 -
Olya Solodenko via Getty Images
Morningstar launches indexes on companies’ transition to low carbon economy
The financial services firm believes the indexes offer “a very different way” for investors who want to target the climate transition, while “maintaining exposure to high carbon-intensive sectors.”
By Lamar Johnson • March 20, 2024 -
Fokkebok via Getty Images
South Fork Wind becomes first US utility-scale offshore wind farm to complete construction
The completion of Ørsted and Eversource’s 130-MW project gets New York closer to its goal of deploying 9 GW of offshore wind by 2035.
By Diana DiGangi • March 20, 2024 -
Courtesy of Spiritus
Los Alamos-based Spiritus to launch large-scale carbon capture facility
The Orchard One facility aims to capture and sequester up to 2 megatons of carbon dioxide from the atmosphere annually, once operational.
By Zoya Mirza • March 19, 2024 -
Chip Somodevilla via Getty Images
Federal appeals court pauses SEC climate rule implementation
The climate disclosure regulation is now on pause pending a review from the U.S. Fifth Circuit Court of Appeals, as the first of multiple challenges yields action.
By Lamar Johnson • March 19, 2024 -
Courtesy of The Rockefeller Foundation
Q&ARockefeller Foundation’s new CFO: Climate crisis is a ‘big motivator’
Keith Olson took the finance reins of the 111-year-old philanthropic powerhouse earlier this month. He is an alum of the Bill & Melinda Gates Foundation.
By Maura Webber Sadovi • March 19, 2024 -
Justin Sullivan via Getty Images
Google pledges to buy $35M in carbon removal credits, matches DOE
The tech giant’s commitment builds on the Department of Energy’s initiative to scale the carbon removal purchase sector.
By Zoya Mirza • March 18, 2024 -
Sean Gallup via Getty Images
KKR announces $3B takeover of European renewable energy producer Encavis
The independent power producer said it will also up its 2027 operating capacity target to 7 gigawatts.
By Lamar Johnson • March 18, 2024 -
Permission granted by Clean Energy Fuels
Deep DiveHow a new wave of clean fuels bills could spur a biogas boom
New Mexico just became the fourth state to enact a program, which has the potential to give biogas projects from landfills and on-farm digesters a boost. Could more states soon follow?
By Jacob Wallace • March 18, 2024 -
Jeff J Mitchell via Getty Images
Shell dilutes energy transition strategy, scraps 2035 decarbonization goal
Despite scaling back some of its targets, the oil major said its goal to attain net-zero status by 2050 “remains at the heart of [its] strategy.”
By Zoya Mirza • March 15, 2024 -
Caiaimage/Caiaimage/Robert Daly via Getty Images
Support for ESG proposals fell by a third since 2021 record: Report
“Politics clearly had a role to play and cast a chill on the top end of proposal voting,” according to Sustainable Investments Institute Executive Director Heidi Welsh.
By Lamar Johnson • March 15, 2024 -
Courtesy of General Motors
GM hires former Tesla exec as head of manufacturing and sustainability
Jens Peter Clausen led efforts to scale the production of EV propulsion systems at the electric automaker’s Gigafactory 1 in Nevada.
By Eric Walz • March 15, 2024
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