June 9, 2022
Climate Finance Media Round-Up — June 9, 2022
Fossil fuel divestment:
Fossil fuel project fights:
- Grist: A decade of wins against fossil fuel projects
- The Washington Post: Once eager to drill, oil companies exit leases in Arctic refuge
- The Guardian: Environmentalists join forces to fight ‘carbon bomb’ fossil fuel projects
Biden Admin, US Congress & Finance Regulation:
- CBS News: Biden invokes Defense Production Act to spur solar panel, clean energy production
- The Washington Post: House Minority Leader Kevin McCarthy to unveil conservative climate, energy agenda
- Grist: Water security is now a key US foreign policy priority
- Reuters: US Interior must weigh climate impacts of oil, gas leasing -settlement
- Bloomberg: Wall Street Attacks SEC Bid to End Industry Greenwashing: Green Insight
- The Guardian: Biden’s EPA aims to erase Trump-era rule keeping states from blocking energy projects
Russia/Ukraine war:
- Nature: A war running on fossil fuels
- BBC News: Climate change: Ukraine war prompts fossil fuel ‘gold rush’
- Reuters: Inflation and war loom over EU votes on climate change policy
- Mother Jones: Russia’s War Created a Global Hunger Disaster. Climate Change Is Ramping It Up.
- CNBC: Tough new sanctions on Russia could hit world oil supply and change the OPEC+ dynamic
- Reuters: COVID-19 and Ukraine war threaten clean energy gains for poorest
- CNN: US gas prices jump to record high $4.67 a gallon
- Bloomberg: How the World Is Paying for Putin’s War in Ukraine
- CNBC: How Russia could try to get around the European Union’s oil sanctions
Creative & direct action:
- Reuters: Environmental activist disrupts French Open semi-final
- New Orleans Public Radio: To combat climate change, Gulf groups to hold 1st environmental justice festival in Baton Rouge
- Vox: Climate change is all about power. You have more than you think.
- LiCAS.news: Climate activists protest Japanese financial institution’s support for fossil fuel projects
Climate talks & COP27:
- BBC News: COP26: Are nations on track to meet their climate goals?
- The Washington Post: From Bonn to budget reconciliation, climate talks heat up
- The Guardian: Climate delegates snub Russian address as activists fear geopolitical setbacks
Global finance:
- CNN: New global fund invests in nature to shore up climate change fight
- CNN: Janet Yellen: ‘Unacceptable’ inflation is a global problem
- Bloomberg: Stock Prices Show a Climate Divide Between US, Europe
- Bloomberg: Lagarde Has Open Mind on ECB Lending as a Climate-Crisis Tool
- Bloomberg: Jamie Dimon Says JPMorgan Is Bracing for Economic ‘Hurricane’
- Reuters: Australia’s power woes challenge new leader’s climate, energy promises
The Great Enablers:
- Financial Times: Stakeholder capitalism is ‘not woke’, says JPMorgan’s Jamie Dimon
- Grist: Report sheds light on Fidelity’s little-known fossil fuel ties
- CBC News: RBC facing heat in Texas for stance on divisive issues like guns and climate change
- Bloomberg Law: BlackRock Debuts Ad Campaign to Burnish Image Amid ESG Scrutiny
- Bloomberg: How to Push Wall Street to Ditch Fossil Fuels for Clean Energy
- National Observer: Canadians’ $100B oil and gas problem
- CNN: Premarket stocks: Exxon is back from the dead
Climate (in)justice & solutions:
- Gizmodo: New York Dems Kill Renewable Energy Bill
- CNN: Report: Sales of internal combustion vehicles now in “permanent decline”
- E&E News: Experts to White House: EJ screening tool should consider race
Accountability:
- Fast Company: Doubt is their product: How Big Tobacco, Big Oil, and the Gun Lobby market ignorance
- Financial Times: DWS chief resigns after police raid over greenwashing claims
- Grist: Meet the group lobbying against climate regulations — using your utility bill
- AP: Hawaii youth sue state over transportation climate harms
- Grist: A Texas county wants to punish polluters. The state won’t let it.
- Bloomberg Law: Oil Giants Ready for Climate Strategy Shift in Top Court Pursuit
- The Guardian: Warned of ‘massive’ climate-led extinction, a US energy firm funded crisis denial ads
- Lever News: Big Oil Is Suing Countries To Block Climate Action
Anti-ESG/Opposition:
- The Guardian: Climate policy dragged into culture wars as a ‘delay’ tactic, finds study
- CNN: From Elon Musk to the Feds, ‘sustainable’ investments are under fire
- Lever News: New York State Democrats’ Giant Gift To Private Equity
- Gizmodo: Texas’ Anti-Business, Pro-Fossil Fuel Law Is Spreading
- E&E News: SEC climate rule sparks backlash from business groups
- InsideClimate News: Red States Still Pose a Major Threat to Biden’s Justice40 Initiative, Activists Warn
- Responsible Investor: Asset managers and banks scramble to avoid Texas divestment
Op-eds:
- Project Syndicate: New Financial Conditions, Same Climate Calculus
- AZ Central: The pandemic showed us how interconnected we are. Will our climate response reflect that?
- WBUR: States took Big Tobacco to court and won. Can they now beat Big Oil?
- The Washington Post: No school should have to close because of extreme heat
- Fortune: New SEC rules could be a major victory for ESG investors
- The Hill: How to create a more resilient power grid to avoid blackouts
- Los Angeles Times Editorial: We’ll have to ask you to back away from the spigot, California
- The Guardian: For 50 years, governments have failed to act on climate change. No more excuses.
- New York Daily News: Sorry, natural gas pipelines aren’t temporary: We must pivot decisively now to save the planet
- TheSpec: Climate dysfunction on full display
Climate impacts:
- Wall Street Journal: Path to Economic Disaster: Climate Inaction Could Cost $178 Trillion By 2070
- The New York Times: As the Great Salt Lake Dries Up, Utah Faces An ‘Environmental Nuclear Bomb’
- Gizmodo: Floods Trigger Deadly Landslides in Brazil
- The Guardian: ‘Consequences will be dire’: Chile’s water crisis is reaching breaking point
- WBUR: Heat, sewer problems and less lobster: New report details climate change’s impact in Boston
- Grist: A Pacific hurricane may kick off yet another hectic Atlantic hurricane season
- Yale Climate Connections: Coverage of migration from place to place within the US
- MarketWatch: Florida cyclone will bring dangerous flooding: How to prep for another above-normal hurricane year
- CNBC: Sweeping water restrictions begin in Southern California as drought worsens
- The Guardian: Current policies will bring ‘catastrophic’ climate breakdown, warn former UN leaders
- NBC News: The Alps are getting greener — but that’s not a good thing
- E&E News: Sweltering India turns to superheating coal for cooling
- CNN: Energy experts sound alarm about US electric grid: ‘Not designed to withstand the impacts of climate change’
- Yahoo! News: ‘Stay home’: Tropical storm expected to form in Atlantic after storm soaks Miami, swamps cars
- Al Jazeera: Earth’s CO2 level passes a new climate milestone
- ABC News: Wildfire erupts near LA as record-breaking heat scorches Southwest –
- Bloomberg: Pandemic Housing Boom Puts More US Buyers in Path of Wildfires