Finance
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Senate passes megabill that curbs IRA tax credits, drops wind and solar tax
The amended bill also offers an exception to the onerous “placed in service” deadline of 2027 for projects that begin construction within a year of its passage.
By Diana DiGangi • July 2, 2025 -
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House committee clears bill to limit retirement fund managers from using ESG factors
The bill, which reverses course on a Biden-era regulation, would issue a variety of documentation requirements for any use of “non-pecuniary” factors by retirement plan managers.
By Lamar Johnson • July 1, 2025 -
Tasos Katopodis via Getty Images
Senate reverses course on IRA cuts, proposing harsh tax on renewables
Former Trump senior adviser Elon Musk on Saturday said the Senate’s latest draft of the bill “gives handouts to industries of the past while severely damaging industries of the future.”
By Diana DiGangi • June 30, 2025 -
Alamy
Sierra Club drops BlackRock as asset manager over failure to address climate risk
The environmental group’s charitable arm is shifting its funds to Nia Impact Capital and Xponance, which it described as “more financially responsible” investment firms.
By Zoya Mirza • June 27, 2025 -
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Senate negotiating IRA tax credits, aims to vote on budget bill Friday
Sen. Kevin Cramer, R-N.D., said there is “work being done” on the residential solar tax credit, which the House and the Senate Finance Committee voted to eliminate.
By Diana DiGangi • June 26, 2025 -
Tasos Katopodis via Getty Images
Over 200 actors call on SAG-AFTRA pension to divest fossil fuels
High-profile actors including Jane Fonda, Don Cheadle and Mark Ruffalo signed onto the campaign urging Hollywood’s pension plan to ditch more than $100 million in fossil fuel investments.
By Lamar Johnson • June 25, 2025 -
image via Getty Images
$1.4B in new clean energy factories, projects canceled in May: E2
Nearly $15.5 billion in clean energy investments have been canceled since the beginning of the year, representing 30 canceled, closed or downsized projects.
By Lamar Johnson • June 24, 2025 -
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Banks reverse course, increase fossil fuel investments in 2024: report
The top four U.S. banks — JPMorgan Chase, Bank of America, Citi and Wells Fargo — represented 21% of the global financing in the latest Banking on Climate Chaos report.
By Lamar Johnson • June 18, 2025 -
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SEC withdraws proposed rules on ESG disclosures, shareholder submissions
The rules were among 14 proposed Biden-era regulations the Securities and Exchange Commission said it would cease the rulemaking process for.
By Lamar Johnson • June 16, 2025 -
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Meta signs geothermal power deal for New Mexico data centers
The tech and social media giant entered an agreement with XGS Energy to help develop 150 MW of geothermal power generation.
By Lamar Johnson • June 13, 2025 -
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Q&ACompanies are ‘very struck’ by SBTi’s net-zero standard draft changes: Sustainability Roundtable Inc.
James Boyle, CEO of the strategic sustainability advisory firm, said his clients are “definitely concerned” by the “high integrity, challenging standard” SBTi has put forward in its draft.
By Lamar Johnson • June 13, 2025 -
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Atlantic Shores Offshore Wind asks to terminate project’s renewable energy credits
The New Jersey OREC termination is “the closing of a chapter, but not the end for Atlantic Shores,” CEO Joris Veldhoven said.
By Diana DiGangi • June 12, 2025 -
Christopher Furlong via Getty Images
Transferability is transforming clean energy project finance, say dealmakers
The ability to transfer tax credits has allowed for new investors, new structures and faster deals, experts say, but is threatened by congressional budget proposals.
By Diana DiGangi • June 10, 2025 -
Anna Moneymaker via Getty Images
Local leaders warn U.S. Senate not to pull the plug on clean energy credits
Bipartisan coalition says proposed cuts in the One Big Beautiful Bill Act would threaten jobs and local investments, raise energy costs and create economic uncertainty.
By Robyn Griggs Lawrence • June 10, 2025 -
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GOP lawmakers reiterate asks for clean energy credit tweaks in reconciliation bill
Rep. Jen Kiggans, a Virginia Republican, said “there remains significant room for improvement in preserving the clean energy tax credits” in the Senate’s version of the budget bill.
By Lamar Johnson • June 9, 2025 -
Eric Kayne via Getty Images
Climate change will cost your healthcare plan. Analysts want to know how much.
Extreme weather, rising temperatures and increased air pollution all threaten employee health — but executives and finance teams may not be paying attention.
By Ryan Golden • June 9, 2025 -
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Honeywell, Samsung subsidiary, others create SAF Technology Alliance
The SAF Technology Alliance will create an end-to-end integrated solution to turn waste from a feedstock into sustainable aviation fuel to help scale the industry.
By Lamar Johnson • June 6, 2025 -
Courtesy of Clinton Clean Energy Center Stock Photos and B-Roll
Meta, Constellation ink 20-year nuclear power deal to support AI goals
The power purchase agreement will also extend operations at Constellation’s Clinton Clean Energy Center in Illinois for two decades and replace an expiring state tax credit.
By Lamar Johnson • June 5, 2025 -
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BlackRock removed from Texas divestment list after climate alliance exits
Texas’ comptroller said BlackRock is no longer considered to be “boycotting” fossil fuels and its change in climate alliance participation was “directly related” to the state’s divestment list.
By Lamar Johnson • June 4, 2025 -
Spencer Platt / Staff via Getty Images
Citi drops firearms restriction in a bow to GOP pressure
The bank updated a 7-year-old policy, enacted after the Parkland school shooting, over concerns about “fair access” months after Republicans accused some institutions of political de-banking.
By Dan Ennis • June 4, 2025 -
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Barclays mobilized over $687M in climate tech investments since 2020: report
The British bank’s climate investment arm has a mandate to invest half a billion pounds into equity capital in climate tech startups between 2020 and 2027.
By Zoya Mirza • June 3, 2025 -
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Vanguard to add four more funds to investor proxy choice program
The expansion would make nearly 10 million investors eligible for the program, which will span 12 funds representing nearly $1 trillion in assets under management.
By Lamar Johnson • June 3, 2025 -
Permission granted by Cedric Craig for DC Climate Week
Q&AHow Washington D.C.’s first climate week came together
Behind the scenes with DC Climate Week co-founders C’pher Gresham and Vid Mićević on how they, and over 200 volunteers built towards the first weeklong climate event in the nation’s capital.
By Lamar Johnson • June 2, 2025 -
Ron and Patty Thomas via Getty Images
DOE cancels $3.7B in carbon capture, decarbonization awards
Calpine, PPL Corp., Ørsted and Exxon Mobil are among the companies affected by the decision.
By Ethan Howland • June 2, 2025 -
iStock Editorial via Getty Images
Labor Dept. drops Biden-era ESG fiduciary rule
The agency will no longer defend the rule allowing retirement plan managers to consider ESG factors and intends to work through a new rulemaking process on the topic “as expeditiously as possible.”
By Lamar Johnson • May 29, 2025
