October 6, 2022
Climate Finance Media Round-Up — October 6, 2022
Fossil fuel divestment:
- Bloomberg: Princeton Plans to Cut Holdings in Fossil-Fuel Companies
- The Star-Ledger: Political climate warms to fossil fuel divestment
- The Boston Globe: At Harvard, researchers work to hold Big Oil accountable for misinformation
- The Guardian: Make your pension more sustainable
- ImpactAlpha: Five steps to greening your 401(k) – and why it’s harder than it should be
- LA Times: Are California’s public pension funds headed for another crisis?
- The Globe and Mail: CPPIB says it’s using investments to push companies to decarbonize
- Bright Green: University of Central Lancashire becomes 97th UK university to divest from fossil fuels
- Bright Green: Brunel becomes 99th UK university to divest from fossil fuel
- The Seattle Times: UW Regents vote to divest from fossil fuels by 2027
No such thing as safe fossil fuel project:
- Inside Climate News: Nord Stream’s Explosion Was a Climate Disaster. What It Signals Could Be Worse
- CBC News: Coastal GasLink warned more than 50 times over environmental violations during pipeline construction
- The Narwhal: After years of resistance, Coastal GasLink starts to drill under Wet’suwet’en river
Biden Admin:
- The Atlantic: The Climate Movement Wanted More Than the IRA. Now What?
- The Hill: Manchin permitting reform cut from spending bill
- Drilled: Three Congressional Hearings on Climate Disinfo Bring New Industry Documents to Light
Russia’s fossil-fueled war:
Financial Regulators:
- Common Dreams: Activists Call Fed Pilot Program to Assess Banks’ Climate Risk a ‘Welcome First Step’
- E&E News: How to implement the climate law? Go on hiring spree.
- FT: Texas anti-ESG law endangers financial stability, says Sarah Bloom Raskin
Global Finance:
- FT: Norway oil fund warns of ‘danger’ that environment falls down agenda
- The New York Times: Norway’s $1.2 Trillion Investment Fund Sets 2050 Net Zero Target
- The Guardian: Global fossil fuel subsidies almost doubled in 2021, analysis finds
- PBS NewsHour: Kenya’s new president makes ambitious pledge for climate plan
- Bloomberg: Europe Weighs Climate Risks in Test That May Hit Bank Dividends
- Reuters: BBVA to work with oil and gas clients to lower their emissions
The Great Enablers:
- The Lever: Wall Street Is Behind The Jackson, Mississippi, Water Crisis
- Bloomberg: Empty ESG Pledges Ensure Bonds Benefit Companies, Not the Planet
- Bloomberg: Fossil-Fuel Financing Poses Growing Risks to Biggest Banks
- Reuters: Exclusive: HSBC fund arm toughens thermal coal policy to curb climate change
- Bloomberg: Private Equity’s Role in Climate Crisis Spurs Transparency Demand
- Corporate Knights: Cracks showing in Mark Carney’s net-zero financial alliance
- FT: Two pension funds quit Mark Carney’s green alliance
- The Globe and Mail: Canadian banks having second thoughts about Mark Carney’s green alliance over legal, governance risks
- Times Higher Ed: Texas may overtake Harvard endowment – at big cost
- Toronto Star: Royal Bank head calls on CEOs, government to ‘step up’ with more funding to fight climate change
Woke Capitalism, Anti-ESG & opposition:
- Bloomberg: Executives Are Backing Away From ESG as Recession Risks Mount
- New York Times: Florida Leaders Rejected Major Climate Laws. Now They’re Seeking Storm Aid.
- Yahoo! Finance: The ESG Investing Backlash
- WAMU: Texas’ ban on firms who don’t invest in firearms and fossil fuels are cost taxpayers
- CNN: Big oil companies are spending millions to appear ‘green.’ Their investments tell a different story, report shows
- FT: US banks threaten to leave Mark Carney’s green alliance over legal risks
Climate (in)justice:
COP27:
Creative action:
- Philadelphia Inquirer: Quakers protest Vanguard climate policy at its headquarters in Malvern, while conservatives bemoan ‘woke’ Wall Street
- Atmos: How Youth Are Stepping up Against the Mountain Valley Pipeline
- MTL Blog: Greenpeace Is Calling On Habs Fans To Paint Over The RBC Logo On The New Jerseys
Accountability:
- The New York Times: Oil Executives Privately Contradicted Public Statements on Climate, Files Show
- Bloomberg: BlackRock Faces Blue America Backlash From NYC Comptroller
Op-eds:
- Common Dreams: To Confront the Climate Crisis, Universities Must Refuse Fossil Fuel Industry Funding
- Nikkei Asia: Pakistan is owed reparations, not aid, by U.S. and China
- The Washington Post: Texas’s war against ESG investing is ingenious but futile
- The New York Times: A Sneaky Form of Climate Obstruction Hurts Pension Funds
- Bloomberg: The Finance Industry Needs Better Climate Disclosures
Climate impacts:
- Scientific American: Wildfire Is Transforming Alaska and Amplifying Climate Change
- The Nation: Before the Storm: How Do You Know When to Go?
- Washington Post: Dozens of records smashed in Midwest during late-September heat wave
- Reuters: Death toll in Pakistan floods nears 1,500; hundreds of thousands sleep in open
- Atmos: Mobile Homes and Hurricanes: The True Cost of ‘Affordable’ Housing