October 20, 2022
Climate Finance Media Round-Up — October 20, 2022
Fossil fuel divestment:
- NJ Spotlight News: Fossil fuel divestment gets big boost
- The New Republic: Princeton Will Stop Taking Oil Money. Now the Pressure Is on Harvard, MIT, and Columbia.
- Corporate Knights: Canada’s pension fund must stop investing in oil and gas
- Pensions & Investments: U.K. funds lead way with first climate reports
- The Daily Texan: UT Energy Symposium debate addresses fossil fuel divestment by universities
- Loyola Maryland University: LMU Advances Responsible Investing, Fossil Fuel Divestment
- Philadelphia Inquirer: Princeton has cut ties with 90 fossil fuel companies. Fossil Free Penn says there’s more to do.
No such thing as safe fossil fuel project:
- The Tyee: First Nations Partnerships Say Pipeline Companies Owe Them Millions
- Reuters: AXIS to stop insuring energy, other projects without community support
- POLITICO: Biggest reinsurer limits support for new oil and gas drilling
- Chicago Sun Times: Chicago may end natural gas hookups for new homes, businesses
- AP: Some risks too big: Insurers withdraw from fossil projects
- WSJ: Nord Stream Blasts Were Likely Result of Sabotage, German Probe Finds
Here come the Midterms:
- New York Times: Ahead of the Midterms, Energy Lobbyists Plan for a Republican House
- POLITICO: Democrats passed a huge climate bill. Now they’re talking oil.
- E&E News: Haunted by 2010, greens amass record midterm war chest
- Hill Heat: ‘Woke Capitalism’ in the Arizona Treasurer Campaign
- Newsone: Black And Brown Voters Experience Increasing Wait Times At The Ballot Box
- E&E News: N.M. enacted a climate law 3 years ago. Then things got hard.
- HuffPost: Climate Group Aims To Fire Up Liberals In Wisconsin Governor’s Race
Greenwashing accountability on the rise:
- CBC News: Why environmentalists went after Canada’s biggest bank for alleged greenwashing
- BBC News: HSBC climate change adverts banned by UK watchdog
- Reuters: Financial services firm TIAA faces academic backlash over energy holdings
- The Guardian: Pat Cummins says he will not appear in any more ads for Cricket Australia energy company sponsor
- iHeartRadio: University students protest presence of RBC on campus
- The Globe and Mail: Competition Bureau launches inquiry into RBC’s green advertising
- Bloomberg: Exxon Jobs Exodus Brings Scrutiny to Corporate Culture
- Mongabay: What is greenwashing?
The Great Enablers:
- Bloomberg: Wall Street Blames War, GOP for Making Climate Goals Harder to Meet
- Bloomberg: Bankers Told They Can Ignore Binding Fossil-Finance Restrictions
- Bloomberg: BlackRock, Vanguard Tell UK They Won’t Phase Out Fossil Fuels
- Bloomberg: Banks Try Quiet Quitting Net-Zero as Fortune Favors Fossil Fuels
- FT: Mark Carney’s Glasgow financial alliance in talks to review oversight by UN climate body
- Grist: World Bank invested nearly $15 billion in fossil fuel projects despite climate commitment
- The Guardian: Australia’s big four banks face shareholder ire over funding fossil fuels
- Bloomberg: Companies Keep Climate Goals Secret as ‘Green Hushing’ Takes Off
Lawsuits & litigation:
- North Jersey: NJ sues oil, gas companies, alleging they deceived public over climate change
- ExxonKnews: The Supreme Court calls DOJ off the sidelines on climate accountability
- Bloomberg: Banks Run by Women Lend Less to Big Polluters, ECB Study Finds
Woke Capitalism, Anti-ESG & opposition:
- HEATED: The curious origins of the anti-ESG movement
- WSJ: How a New Anti-Woke Bank Stumbled
- WSJ: CEO of Anti-Woke Bank Startup GloriFi Resigns
- FT Advisor: What is needed now for ESG investing?
- Bloomberg: Texas School Asks UBS for Refund After Energy Boycotter Label
- Bloomberg Law: Public, Private Pensions Set to Collide Over ESG Investing
- Bloomberg: Empty ESG Pledges Ensure Bonds Benefit Companies, Not the Planet
- New York Times: Leonard Leo Pushed the Courts Right. Now He’s Aiming at American Society.
- Pensions & Investments: BlackRock sees Louisiana withdraw $794 million from its funds over ESG investing
- Reuters: Missouri pulls $500 mln from BlackRock over asset manager’s ESG push
- Idaho State Journal: GOP leaders target ‘woke’ investments through state pension funds
- CNBC: Why the ESG vs. GOP war over energy and climate change is going nowhere
- POLITICO: The state comptroller needling BlackRock
Russia’s fossil-fueled war:
- CNBC: Europe is still quietly importing Russian nuclear energy
- New Scientist: Extreme weather threat to energy security is as serious as Ukraine war
- CNN: EU produces record wind and solar energy as it shirks Russian gas
- Bloomberg: Trudeau Says Russia’s War in Ukraine Speeds Up Energy Transition
Biden Admin:
- The Guardian: The supreme court is in session – and every case is potentially a climate one
- POLITICO: Treasury wants climate data from insurers
Climate (in)justice:
- Inside Climate News: Indigenous Leaders in Texas Target Global Banks to Keep LNG Export Off of Sacred Land at the Port of Brownsville
- PV-Tech: Greece runs entirely on renewables for the first time in its history
- National Geographic: Australia hands control of its newest national parks to Indigenous peoples
- NBC News: Jackson, Mississippi residents facing high water bills amid crisis
- The Guardian: ‘The US dammed us up’: how drought is threatening Navajo ties to ancestral lands
- New York Times: 20 Nations at High Risk From Global Warming Might Halt Debt Payments
COP27:
- Quartz: COP27 is all about the money
- Grist: Climate reparations are on the agenda at COP27 — whether wealthy nations like it or not
- E&E News: Finance titans to skip COP 27. Does it matter?
- The Guardian: Young people demand climate justice in run-up to Cop27 UN talks
- The Guardian: ‘I have a voice’: African activists struggle to attend UN climate talks in Egypt
- Grist: Ahead of COP27, Scotland calls for climate reparations
- Bloomberg: US Seeks Deals to Wean Countries Off Coal Ahead of Egypt Talks
Creative action:
- Reuters: UK climate change protesters throw soup at van Gogh’s ‘Sunflowers’
- Reuters: Iran toughens crackdown as some oil workers reported to join protests
Op-eds:
- Atmos: The World Must Stand With the Women of Iran
- The Globe and Mail: Mark Carney’s fraying green banking alliance highlights the risks of voluntary measures
- Financial Post: Terence Corcoran: Ménage à trois: Greens + RBC + the Bureau
- FTAdviser: We can’t afford ESG goals to fall behind
- Bloomberg: Jamie Dimon May Want to Send Powell a Thank-You Note
- CT Post: The time for insurers to reckon with climate change is now
- The Globe and Mail: What if Canada could have a bigger oil and gas industry, and lower emissions? It’s possible
Climate impacts:
- Bloomberg: How Pakistan’s Flood Crisis Bends Climate Talks Towards Reparations
- Reuters: Nigeria’s flooding spreads to the Delta, upending lives and livelihoods
- Protocol: IEA: Carbon dioxide emissions grew less than 1% in 2022
- The Guardian: Wildfires in US west fueling extreme weather in other states, study finds
- Inside Climate News: Hurricane Ian Highlighted Why Climate Plans Must Consider Disabled People
- Yahoo! News: Climate change is causing more billion-dollar weather disasters
- Gothamist: NYC storm resiliency ‘far from complete,’ quarter of post-Sandy federal funds unspent: Comptroller
- NPR: Undocumented immigrant workers are helping clean up Florida after Hurricane Ian
- AP: 28 dead as Julia drenches Central America with rainfall
- The Guardian: Toxic air pollution particles found in lungs and brains of unborn babies
- Milwaukee Journal Sentinel: Extreme rainfall and historic floods are transforming life in the vast Mississippi River basin. The challenge: How do we respond?
- Grist: Study: Climate anxiety is spreading all over the planet
- CNN: Billions of snow crabs have disappeared from the waters of the Bering Sea