July 7, 2022
Climate Finance Media Round-Up — July 7, 2022
Fossil fuel divestment:
- National Catholic Reporter: Catholic Theological Society of America resolves to divest from fossil fuels
- POLITICO: Divestment’s uphill battle
- Pensions & Investments: Northwestern adopts new climate change investment guidelines
- Bristol247: Metro mayor calls on pension scheme to ‘divest entirely from fossil fuel stocks’
- AirQualityNews: Should public sector pensions funds divest from fossil fuels?
- Capital & Main: The Author of California’s Failed Fossil Fuel Divestment Bill Describes What Went Wrong
- Harvard Business Review: How Businesses Can Hold Their Banks Accountable on Climate Change
No such thing as safe fossil fuel project:
- WRVO: War in Ukraine is driving demand for Africa’s natural gas. That’s controversial
- The Times: Battle lines are drawn over mega oil pipeline for Uganda
- The Guardian: How the gas industry aims to rebrand as ‘clean’ energy to appeal to Black and Latino voters
- The Guardian: Methane much more sensitive to global heating than previously thought
Federal (In)action: Biden Admin, SCOTUS, US Congress & Finance Regulators:
- Gizmodo: Supreme Court Rules For Polluters In West Virginia v EPA
- Bloomberg: Supreme Court Crimps Biden’s Climate Agenda With Limits on EPA
- E&E News: Banks to SEC: Climate rule poses ‘real-world’ problems
- E&E News: U.S. retreats from pledge to end gas investments
- Reuters: Biden unlikely to meet bold Democrat demands after abortion ruling, sources say
- E&E News: Biden’s 51 years of bad blood with Big Oil
The Great Enablers:
- Bloomberg: HSBC Executive in Climate Row Quits, Attacks Corporate ‘Cancel Culture’
- IPE: Pension funds on the record: Are asset managers serious about sustainability?
- The Star: Africa insurers urged to focus more on climate change
- Pensions & Investments: Climate change knocking, but not all managers are home
Russia’s fossil funded war in Ukraine:
- Inside Climate News: NATO Moves to Tackle Military Greenhouse Gas Emissions Even While Girding Against Russia
- CNBC: Total shutdown of Russian gas pipelines to Europe ‘is not inconceivable’
- AP: Climate concerns grow as US helps Europe replace Russian gas
Global climate talks & COP27:
- POLITICO: View from the summit: A self-defeating G7 fails on all fronts
- The Guardian: ‘It’s a sham’: Egypt accused of restricting protest in run-up to Cop27
Woke capitalism, Greenwashing & Opposition:
- ALEC: Lessons from Germany: The Danger of Energy Mandates
- The Intercept: How Charles Koch Purchase The Supreme Court’s EPA Decision
- Bloomberg: ESG Managers Say Wave of Probes, Scorn Heralds Better Days Ahead
Global finance:
- Bloomberg: China Warns of ‘Moral Hazard’ Risks as Green Financing Booms
- Grist: What’s wrong with the economy? Climate change, for one.
- Bloomberg: Australia Bets on Clean Power to Avoid Another Market Failure
- Bloomberg: ECB to Adjust Corporate Bond Holdings to Reflect Climate Risk
Climate (in)justice & solutions:
- Grist: Green energy jobs are on the rise as fossil fuel companies lose workers
- Gizmodo: Pride at the End of the World
- Grist: Major ‘landback’ victory in New York state
- The Hill: ‘In it for the long haul’
- E&E News: DOE: Here’s what’s happened to EV, renewable, fossil jobs
- The New Republic: The Joy of Saving the World
- The Guardian: What Australia’s power grid urgently needs for ‘once-in-a-century transformation’ away from fossil fuels
- LA Times: California passes polarizing energy bill that could help rescue gas plants
Accountability:
- EXXONKNEWS: Big Oil gets what it paid for
- The Guardian: Fossil fuel industry faces surge in climate lawsuits
- AP: European court bumps youths’ climate case to top-tier panel
- AP: Court kills Flint water charges against ex-governor, others
- Bloomberg: Climate Litigants Look Beyond Big Oil for Their Day in Court
Op-eds:
- Pensions & Investments: Asset managers need to work together to effect real change
- USA Today: I grew up near a coal power plant. This EPA decision will worsen public health injustices.
- National Catholic Reporter: As long as fossil fuels flow, dictators like Putin possess power
- iNews: Why it’s important prioritise the future of the world in investment decisions to help fight climate change
- The Guardian: I led the US lawsuit against big tobacco for its harmful lies. Big oil is next
- National Observer: A message from Ukraine: Don’t be fooled — push for new LNG export facilities in Canada isn’t about ‘helping Europe’
- Rappler: Why climate justice is queer justice
- YES! Magazine: We Need Racial Solidarity to Restore Abortion Rights
- Nikkei Asia: UN Secretary-General: We need a renewables revolution
- The Guardian: Children aren’t the future: where have all the young climate activists gone?
- Teen Vogue: Social Media Influencers Get Media Attention on Climate Change — Grassroots Activists Don’t
- The New Yorker: The Supreme Court Tries to Overrule the Climate
- The Globe and Mail: Banks open coffers for energy companies with robust ESG strategies
Climate impacts:
- Capital & Main: Uncontrolled Burning: The Role of Oil and Gas in New Mexico’s Historic Wildfires
- Reuters: Bangladesh disaster response neglects vulnerable trans community
- Grist: June heat waves smash records across the globe
- Bloomberg: Extreme Heat in Europe Led to “Brutal” Rise in Sea Temperatures
- The Guardian: ‘Every year it gets worse’: on the frontline of the climate crisis in Bangladesh
- Bloomberg: China Sees Record Rains, Heat as Weather Turns Volatile
- Mercury News: The West just experienced an aspect of the climate crisis that scientists have warned of for years
- Grist: Extreme heat puts workers in danger. A new report calls for action.
- AP: Mudslide in northeast India leaves 14 dead, over 30 missing
- Bloomberg: Tokyo Heatwave Hints at Even Bigger Power Crunch for Summer