May 12, 2022
Climate Finance Media Round-Up — May 12, 2022
Shareholder season (AGM):
- The New York Times: How shareholders are pushing big banks for climate action
- Vox: The long-shot campaign to get big banks out of fossil fuels
- Proactive Investors: HSBC faces AGM pension protest and calls to defeat climate vote
- Bloomberg: Wall Street Climate Semantics Skew Fossil-Fuel Financing Votes
- Pensions & Investments: BlackRock won’t back climate shareholder proposals it considers too prescriptive
- CNBC: Big Oil braces for shareholder revolt over climate plans in proxy voting season
Fossil fuel divestment:
- NPR: Texas stumbles in its effort to punish green financial firms
- Maine Public: UMaine System will divest from all direct fossil fuel investments by the end of May
Russia/Ukraine war:
- Time: The Food Crisis Can’t Handle Ukraine War and Climate Change
- The Washington Post: Senate Democrats call for boosting clean energy in response to war in Ukraine
- Reuters: Fuel shortages create long lines, more headaches for Ukrainian civilians
- The New York Times: G7 Nations Pledge to Ban or Phase Out the Import of Russian Oil
- POLITICO: With time shrinking, ISTEA conference expected to begin
Climate impacts:
- CNBC: ‘It’s a 50-50 call’: The Earth is close to crossing a key temperature threshold within 5 years
- AP News: Heat wave scorches India’s wheat crop, snags export plans
- Yahoo! News: Climate change is why New Mexico’s wildfire season started early this year
- The Guardian: Ethiopian drought leading to ‘dramatic’ increase in child marriage, Unicef warns
- KARE11: Powerful May storms close schools, leave damage in their wake
- Newsweek: Cities Brace for Apocalyptic Flooding As New Age of Super Storms Dawns
- HuffPost: 91% Of Surveyed Corals Bleached Along Great Barrier Reef, Australia Says
Fossil fuel project fights:
- Roanoke.com: Another delay and cost increase announced for Mountain Valley Pipeline
- CBC News: Coastal GasLink fined a second time this year for repeated environmental violations
- The Narwhal: RCMP changed its story about arresting journalists in Wet’suwet’en raid
- POLITICO: Trudeau Cabinet approves C$10B loan guarantee for TMX
Global finance:
- Reuters: Bank of Spain sees moderate immediate risk to banks from climate policies
- Mother Jones: How Private Equity Looted America
- Grist: Indigenous women call for financial institutions to stop investing in extraction
- Ars Technica: Why our continued use of fossil fuels is creating a financial time bomb
- The New York Times: Oil Giants Sell Dirty Wells to Buyers With Looser Climate Goals, Study Finds
- Reuters: Global regulators call for external checks on bank climate data
Op-eds:
- Fresno Bee: Citizens are pushing climate change ideas due to inaction by leaders
- The New York Times: Climate Change Despair Has a ‘Life-Affirming’ Remedy
- DeSmog: Twitter’s New Ad Policy Ignores a Subtler Form of Climate Disinformation
- The New York Times: We’ve Opened the Door Too Wide for Oil and Gas Companies
- Common Dreams: Here’s How to Spot Wall Street’s Increasingly Infuriating Greenwashing
- Mercury News: Loosening Big Oil’s grip on our wallets and the planet
Accountability:
- Time: This is How We Quit Big Oil
- Toronto Star: Scotiabank no longer a member of oil and gas lobby group CAPP
- NPR: Understanding The Link Between Racial Justice And The Fight Against Climate Change
- Reuters: Canada banks face ‘greenwashing’ claims as oil & gas firms obtain sustainable financing
- Reuters: Religious leaders urge banks to stop financing drivers of climate change
- AdWeek: Work for Fossil Fuel Clients Exposes Agencies to Increasing Legal Risks, New Report Says
- Gizmodo: Fed-Up Puerto Rican Businesses Sue Power Company After Yet Another Blackout
Biden, US Congress & Finance Agencies:
- The New York Times: Biden Administration Cancels Drilling Sales in Alaska and Gulf of Mexico
- Washington Post: Economist Lisa Cook to become first Black woman on Fed board
- The Atlantic: The Democrats Really Are That Dense About Climate Change
- BuzzFeed News: Trump Showed How Easy It Is To Break The EPA. It’s Much Harder To Fix It.
- Bloomberg: Heat Pumps Are the Ultimate Climate Techno-Fix, But Not a Silver Bullet