“What we have found with these banks is they are reducing their own carbon footprints, but are ignoring the impact of their investments in fossil fuels,” Fugere explained.
Read MoreThe Securities and Exchange Commission recently allowed two large banks to block a shareholder proposal addressing the climate impact of the banks’ investment portfolios.
Read MoreBritish-Dutch oil major Royal Dutch Shell has made it clear this week that, at least publicly, it has no interest in doing business as usual, rebuking US President Donald Trump and his administration to tighten methane while at the same time announcing it plans to be the largest power company in the world by the early 2030s.
Read MoreThe oil industry has suddenly grown concerned about its methane emissions.
Read MoreSeveral of the world’s biggest oil companies are voicing their support for federal regulations on methane emissions, even as the trade association lobbying on their behalf continues to back the Trump administration’s efforts to weaken those rules.
Read MoreShell and ExxonMobil support methane regulations.
Read MoreCharging infrastructure has been identified as one of the largest unknowns and sources of anxiety for fleets considering near-term adoption of battery-electric vehicles, according to the North American Council for Freight Efficiency.
Read MorePlanned IPOs by Uber and Lyft will likely lead to pressure from shareholder activists who want the ride-hailing giants to act more aggressively on stemming carbon emissions.
Read MoreUS-based oil and gas major Chevron has attempted to undercut a shareholder rebellion by announcing plans to align its business strategy with the Paris Climate Agreement, vowing to cut greenhouse gas emissions by 25% to 30%. However, the company’s promises do not fully meet investor demands.
Read MoreHOUSTON (Reuters) - Chevron Corp plans to set greenhouse gas emissions targets and tie executive compensation and rank-and-file bonuses to the reductions, the oil major said in its latest climate report released on Thursday.
Read MoreChevron Corp. vowed to cut greenhouse gas emissions in alignment with the Paris Accord on climate change, potentially averting a shareholder rebellion at its annual general meeting.
Read MoreBP will report more about its company strategy to align with the Paris Agreement that calls for steep reductions in greenhouse gas emissions to fight climate change.
Read MoreLess than two months after Royal Dutch Shell bowed to shareholder pressure from institutional investors, European rival BP has followed suit, agreeing to support a shareholder resolution that calls for it to report and provide evidence that its longterm strategy is consistent with the goals of the Paris Agreement.
Read MoreOil major BP PLC’s board said Friday it will back a shareholder resolution at its annual meeting this year that would force the company to align its business strategy with the goals of the Paris Agreement on climate change.
Read MorePer the Global Impact Investing Network (GIIN), "[i]mpact investments are investments made with the intention to generate positive, measurable social and environmental impact alongside a financial return."
Read MoreWASHINGTON - Exxon Mobil is pressing the Environmental Protection Agency to maintain key elements of the Obama administration policy restricting methane emissions from oil and gas drilling.
Read MoreA year ago, Royal Dutch Shell, now the largest oil company in the world, acquired NewMotion, a company with thousands of electric car charging points throughout Europe. A month later, Shell started installing fast chargers at some of its largest gas stations. In late October, the company started installing ultrafast chargers that can fully charge the newest electric cars in 10 minutes.
Read MoreLast week, I participated in the 2nd Conference on Fossil Fuel Supply and Climate Policy at the University of Oxford in England.
Read MoreAccording to The Star newspaper in Kenya, GE is reconsidering its investment in the Lamu coal plant, following a letter sent to the company by a group of 56 institutional and individual investors, as well as advocacy groups, As You Sow and Proxy Impact, calling on the company to reconsider its recent decision to acquire a 20 percent stake in the plant. Lamu is one of Kenya’s top tourist destinations and home to a UNESCO World Heritage Site.
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