Morgan Stanley will be first U.S. bank to disclose how much its loans and investments contribute to greenhouse-gas emissions

“We are pleased that U.S. banks are finally stepping up to the challenge of measuring and reducing climate impacts as European peers already have. Morgan Stanley’s commitment shows that digging in and taking responsibility for its climate contribution is good business. We expect other U.S. banks to take note,” said Lila Holzman, energy program manager at As You Sow, a sustainable-investing advocate. Read More →

Shareholders Demand More Climate Disclosures As SEC Moves to Restrict Them

“Reducing greenhouse gas emissions at the margins, while continuing business as usual as Exxon and Chevron are doing, is not a successful long-term business plan, especially when competitor companies are implementing new paths to thrive in a low-carbon economy,” said Danielle Fugere, president of As You Sow, sponsor of resolutions demanding Chevron and Exxon align their business models with the goals of the Paris Agreement. Read More →

As Big Oil Digs for More Despite Climate Risks, Investor Lawsuits May Grow

With the oil industry continuing to invest heavily in projects all but assured to lose money as the world moves toward a lower-carbon economy, as a study published last week shows, investors may increasingly turn to shareholder lawsuits to protect their investments.

Democrats want companies to disclose their climate risks — and fossil fuel industry is worried

Democratic presidential candidates have a sweeping array of proposals to fight climate change, but virtually all the leading hopefuls agree on one relatively simple proposal: forcing companies to disclose the risks they face from a warming atmosphere.