May 31, 2022
Climate Finance Media Round-Up — May 31, 2022
Shareholder season (AGM):
- Quartz: Are “say on climate” shareholder votes just more corporate greenwashing?
- The Guardian: Three arrested at Shell AGM as protesters chant ‘We will stop you’
- Mirage News: Total blockade: Climate activists stop TotalEnergies’ AGM, demanding it abandons fossil fuels
- ImpactAlpha: Engine No. 1 opts for accommodation over confrontation with Big Oil and big banks
Fossil fuel divestment:
- Financial Standard: Fossil fuel divestment bill passes California senate
- Corporate Knights: Canada’s public pension plans make murky climate change promises
- DeSmog: As California Considers Dropping Fossil Fuels from Major Pension Funds, New Report Calls Out ‘Misinformation’ on Costs
Fossil fuel project fights:
- The Guardian: Shut down fossil fuel production sites early to avoid climate chaos, says study
- National Observer: Canada’s biggest banks quietly prop up TMX
- Financial Times: Marsh revealed in oil pipeline project shunned by leading banks and insurers
- Reuters: Deutsche Bank not financing controversial African oil pipeline, source says
- The Guardian: Climate chaos certain if oil and gas mega-projects go ahead, warns IEA chief
- The Narwhal: RCMP planned raids amid talks with Wet’suwet’en Hereditary Chiefs about meeting
- Le Devoir: La nation wet’suwet’en dénonce les investissements de la RBC dans les énergies fossiles
- HuffPost: How A Major Tar Sands Pipeline Project Threatens Indigenous Land Rights
- POLITICO: Host of energy issues on Senate Energy, House Commerce calendars
Global finance:
- The New York Times: A feud over fossil fuel money
- Bloomberg: ESG Haters Think Climate Investors Are Controlling Everything. If Only
- Protocol: How Big Tech is financing Big Oil
- Reuters: Bank of England tells banks to take climate action now or face profit hit
- Financial Times: Vanguard refuses to end new fossil fuel investments
- Financial Times: German police raid DWS and Deutsche Bank over greenwashing allegations
- Financial Times: Environmental activists focus on debt and equity
- The Narwhal: Scotiabank’s exit from CAPP is a blow to Canada’s oil and gas lobby
- WSJ: Big Investors Reconsider Oil and Gas Upside as Supplies Remain Tight
- The New York Times: The World’s a Mess. So They’ve Stopped Saving for Tomorrow.
Russia/Ukraine war:
- E&E News: Does a crackdown on Russian gas help or hurt the climate?
- NPR: The U.S. pledged billions to fight climate change. Then came the Ukraine war
Climate (in)justice & solutions:
- Grist: What overturning Roe v. Wade means for pregnant people in pollution hotspots
- Texas Tribune: New Texas plan for federal Hurricane Harvey aid yields same old result: Funds diverted away from Gulf Coast
- Business Insider: Portland’s Pride Parade rejected JPMorgan’s offer to sponsor this year’s festival, citing concerns over the bank’s donations to politicians who support anti-LGBTQ causes
- POLITICO: Host of energy issues on Senate Energy, House Commerce calendars
- Capital and Main: Why Labor Leader Tefere Gebre Has Brought His Organizing Talents to Greenpeace
- POLITICO: Floods, then bias: Inside an unfair FEMA climate program
Climate impacts:
- New York Times: Interactive – Here Are the Wildfire Risks to Homes Across the Lower 48 States
- Democracy Now!: New Mexico Wildfire Grows by 50 Square Miles; 20 Homes Burn Down in California
- Atmos: In Hawaii, Water Is Life—And It’s in Danger
- Denver Post: Colorado Springs airport resumes inbound flights as wildfire burns in city
- CNN: Climate change doubled chance of South African floods that killed 435 people, analysis shows
- Financial Times: Climate graphic of the week: Record carbon dioxide levels alarm scientists
- The Guardian: Hundreds escape flood waters in Queensland as state lashed by severe thunderstorms
- NPR: In Alaska, warmer days can bring catastrophic flooding as frozen rivers break up
- Bloomberg: India Heat Wave: A Diary From New Delhi on a Day of Killer Weather
Op-eds:
- The Guardian: Are culture wars really a distraction?
- The Nation: The War on My Homeland Offers a Real Chance to Save the Planet
- CIEL: Pension Funds Must Vote To End Bank Financing of Fossil Fuel Expansion
Accountability:
- The Guardian: Shell consultant quits, accusing firm of ‘extreme harms’ to environment
- E&E News: New climate frontier: Gender-based lawsuits
- Inside Climate News: In the Philippines, a Landmark Finding Moves Fossil Fuel Companies’ Climate Liability into the Realm of Human Rights
- Reuters: Another climate change lawsuit against Big Oil heads back to state court
- The Boston Globe: ExxonMobil must face AG Healey’s climate lawsuit, Massachusetts supreme court rules
- Lever News: Biden Is Preparing To Crush A Historic Climate Change Lawsuit
Biden, US Congress & Finance Regulation:
- Reuters: Powell’s Fed getting more diverse, but big gaps remain
- The New Republic: Fed Is Neglecting Its Duty on Climate Change
- POLITICO: Supreme Court rejects red states’ plea to block Biden climate metric
- The Atlantic: The Democrats Really Are That Dense About Climate Change
- HuffPost: The US Is Addicted To Gas Heating. A New Bill May Make Going Electric The Easy Choice.
- WV Gazette Mail: “We’re counting on Joe”: Miner advocates press Manchin to support restoring black lung excise tax in budget reconciliation package
- The Hill: Canceled lease sales raise new questions for offshore drilling
Opposition:
- CNBC: ‘That is not capitalism, that is abusing the market:’ Sen. Ted Cruz blasts BlackRock’s Larry Fink’s ‘woke’ ESG policies
- WSJ: Mike Pence Op-ed: Republicans Can Stop ESG Political Bias
- The New York Times: How an Organized Republican Effort Punishes Companies for Climate Action
- Gizmodo: Disgraced EPA Grifter Scott Pruitt Wants to be a Senator
- Financial Times: HSBC suspends banker over climate change comments
- Reuters: BlackRock, JPMorgan, others tell Texas they don’t boycott energy companies
- AP News: GOP directs culture war fury toward green investing trend