The BlackRock U.S. Carbon Transition Readiness ETF (ticker LCTU) launched last week breaking funding records on its first trading day with $1.25 billion invested.
Read MoreShareholder representative As You Sow today released a report, “Plastics: The Last Straw for Big Oil?”, addressing the financial and environmental, social, and governance (ESG) risks of overinvestment in petrochemical infrastructure.
Read MoreThe U.S. Securities and Exchange Commission (SEC) has upheld As You Sow’s shareholder proposal asking Chevron for clear and transparent accounting of how a net-zero greenhouse gas by 2050 scenario will affect its operations and performance.
Read MoreToday, Majority Action launched Proxy Voting for 1.5°C World, which outlines a list of systemically important companies in the electricity generation and oil and gas industries that have not set emissions targets aligned to limiting warming to 1.5°C.
Read MoreToday, Climate Action 100+ (CA100) released an assessment of the largest greenhouse gas (GHG) polluting companies for progress against its Net-Zero Company Benchmark.
Read MoreShareholder representative As You Sow recently withdrew shareholder proposals at two large U.S. gas and electric utilities, Dominion Energy and DTE Energy.
Read MoreToday, CarMax Inc. (CarMax) announced a new goal to achieve net-zero carbon greenhouse gas emissions by 2050 — the same as the Paris Agreement.
Read MoreTuesday, the U.S. Securities and Exchange Commission (SEC) allowed ExxonMobil to reject a shareholder request for clear and targeted reporting on if and how it intends to reduce the risk of stranded assets related to its petrochemical investments like plastics, especially in consideration of the public, market, and governmental responses to plastic pollution, community health, and climate change.
Read MoreValero has introduced a new “Energy Transition performance measure” into its incentive compensation program for executive officers, as requested in a shareholder resolution filed by investor representative As You Sow.
Read MoreThe Coalition United for a Responsible Exxon (CURE) today issued the following statement in regards to recent disclosures by ExxonMobil Corporation (NYSE: XOM) (“Exxon” or the “Company”):
Read MoreCitigroup, whose CEO, Jane Fraser, took the helm this morning, today announced in a blog its commitment to achieve net-zero greenhouse gas emissions from its financing activities by 2050.
Read MoreToday Bank of America announced its commitment to achieving net-zero greenhouse gas emissions from its financing activities by 2050, following an earlier announcement to measure and disclose its financed emissions through the Partnership for Carbon Accounting Financials.
Read MoreFor nearly two years, Joe Biden has been clear with the American people about the first steps he would take if elected as the nation’s 46th president. Today, shortly after taking office, President Biden plans to take the following climate actions:
Read MoreThe Office of the Comptroller of the Currency (OCC) has finalized the Fair Access to Financial Services rule a day after current OCC head Brian Brooks announced his resignation. As global banks increasingly tighten credit to clients that pose significant climate risk, including coal projects and Arctic oil and gas projects, the OCC rule establishes new hurdles to banks exercising risk management.
Read MoreTrump administration officials auctioned off oil and gas leases in Alaska’s Arctic National Wildlife Refuge on Wednesday, a move that marks one of the most significant environmental rollbacks President Trump has accomplished in his term.
Read MoreThe Climate Action 100+ (CA100+), an initiative comprised of more than 540 global investors managing $52 trillion in assets under management, released its 2020 Progress Report Thursday showing that many high-emitting companies remain unaligned with the goals of the Paris Agreement.
Read MoreShareholder representative As You Sow filed shareholder proposals at four of the largest U.S. gas and electric utilities, Dominion Energy, DTE Energy, Duke Energy, and Southern Company, raising concerns about the companies’ continued investments in natural gas. Shareholders are concerned that these utilities are claiming “Paris-alignment” while remaining on a path toward stranded asset risk.
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