Finance: Page 16
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Meta seeks up to 4 GW of new nuclear power to help meet AI, sustainability objectives
The Facebook and Instagram parent aims to deploy new nuclear generation capacity to power its data centers beginning in the early 2030s, it said Tuesday.
By Brian Martucci • Dec. 5, 2024 -
Courtesy of ConnectDER announces Series D funding
BlackRock, Temasek venture leads $35M funding round for ConnectDER
The latest funding round led by Decarbonization Partners will help accelerate growth for the home solar power and EV adapter company.
By Lamar Johnson • Dec. 4, 2024 -
Explore the Trendline➔
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TrendlineTop 5 stories from ESG Dive
The landscape for ESG continues to shift, as U.S. exits from major climate agreements and organizations are juxtaposed with states forging ahead with their own climate disclosure laws.
By ESG Dive staff -
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Anti-ESG firm Strive launches direct indexing product
The firm said the new option will allow clients greater customization on their investments, “without regard to ESG or DEI restraints.”
By Lamar Johnson • Dec. 3, 2024 -
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Inflation Reduction Act changes ‘not a Day 1 priority’ for Trump, Congress: Crux
Though a full repeal of the 2022 climate law is unlikely, a Republican-controlled legislature could repeal or phase out some of its individual provisions beginning next year, policy experts said.
By Brian Martucci • Dec. 3, 2024 -
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BNP Paribas’ asset management arm to exclude new oil and gas bonds
The updated investment strategy comes approximately a year after BNP Paribas Group began refraining from participating in bond issuance by such companies.
By Zoya Mirza • Dec. 2, 2024 -
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Q&AHomium’s new chief impact officer wants to build a homeownership asset class
Marcus Martin joined the sustainable homeownership financing firm earlier this month after spending the last four years leading the ESG practice for various divisions at U.S. Bank.
By Lamar Johnson • Nov. 27, 2024 -
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COP29Key takeaways from COP29: a contentious finance deal, carbon markets, more
The annual climate summit — which drew in over 55,000 participants from all over the world — concluded with a contentious climate finance deal and a pledge to bolster carbon markets.
By Zoya Mirza • Nov. 26, 2024 -
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HSBC sustainability chief to step down Dec. 31
The bank cut the sustainability role from its executive committee in an October reshuffle. HSBC on Monday also named an interim chief risk and compliance officer.
By Gabrielle Saulsbery • Nov. 25, 2024 -
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CalPERS over halfway to $100B climate goal, urged to stop buying Exxon bonds
The fund has invested $3.6 billion in climate solutions since 2023 and pledged another $3.2 billion in related investments.
By Lamar Johnson • Nov. 25, 2024 -
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COP29COP29 concludes with $300B climate finance deal critics deem as a ‘failure’
The climate summit ended with a goal to collectively provide “at least” $1.3 trillion in financing by 2035 to support climate-imperiled countries — which experts say falls short of what is actually needed.
By Zoya Mirza • Nov. 25, 2024 -
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US clean energy investments hit record-high in Q3: Rhodium
The industry saw $71 billion in investment in the quarter, as clean investments accounted for 5% of total private U.S. structure, equipment and consumer goods spending.
By Lamar Johnson • Nov. 22, 2024 -
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SEC’s Gensler to step down Jan. 20 after robust rulemaking, enforcement
In one of his most widely criticized moves, Gensler gained SEC approval this year for a regulation requiring companies to disclose the impact of climate change on their finances, operations and business strategy.
By Jim Tyson • Nov. 22, 2024 -
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Wells Fargo’s latest innovation cohort to focus on building decarbonization
Three startups were each awarded $250,000 to help tackle energy management and emissions reduction in buildings.
By Lamar Johnson • Nov. 21, 2024 -
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Audit committees expand oversight to ESG, cybersecurity, AI: EY
Nearly four out of five investors said boards should demonstrate expertise in climate, cybersecurity and other risks by detailing their work to limit such hazards, EY said.
By Jim Tyson • Nov. 21, 2024 -
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Oil quartet including BP, Shell invest $500M in energy access, clean cooking
Equinor and Total Energies will join the companies to invest in energy and cooking solutions in Sub-Saharan Africa and South and Southeast Asia to help meet the UN’s Sustainable Development Goal 7.
By Lamar Johnson • Nov. 20, 2024 -
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IRS finalizes direct pay rules, increasing access to IRA’s clean energy tax credits
Direct-pay-eligible entities like local governments, public school districts, churches and hospitals will more easily be able to jointly invest in clean energy projects under rules released Tuesday.
By Diana DiGangi • Nov. 20, 2024 -
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Vanguard’s updated investor proxy choice program includes anti-ESG voting option
Three new funds have been added to the program, and the firm also included an option for investors who want a “wealth-focused,” anti-ESG voting policy option.
By Lamar Johnson • Nov. 19, 2024 -
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JPMorgan unveils green financing ratio following shareholder proposal
The bank said it spent $1.29 on green solutions for every dollar spent on high-carbon activities in the disclosure prompted by a proposal submitted by NYC Comptroller Brad Lander.
By Lamar Johnson • Updated Nov. 18, 2024 -
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New York City Employees’ Retirement System joins NZAOA
NYCERS joins the Net-Zero Asset Owner Alliance’s other 88 members that collectively represent $9.5 trillion in assets under management.
By Zoya Mirza • Nov. 15, 2024 -
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SEC charges Invesco $17.5M for misleading ESG statements
“Companies should be straightforward with their clients and investors rather than seeking to capitalize on investing trends and buzzwords,” the acting head of SEC enforcement said.
By Lamar Johnson • Nov. 11, 2024 -
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2024 ElectionsAnalysts see ‘a real fear in the market’ as renewable energy stocks plummet on election results
Tariffs and other policy actions favored by Trump could drive renewable energy prices higher over the next four years, industry analysts say.
By Emma Penrod • Nov. 8, 2024 -
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2024 ElectionsClean energy, sustainable investors brace for second Trump presidency
Experts expect private sector work on ESG issues and the clean energy transition to continue, albeit at a slower pace, under a reelected Donald Trump.
By Lamar Johnson • Nov. 7, 2024 -
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SEC says funds mischaracterizing use of ESG factors
The assessment is part of a broader risk alert by the agency regarding the discrepancy between funds’ investment strategies and marketing literature.
By Lamar Johnson • Nov. 6, 2024 -
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Climate experts launch insurance nonprofit to curb natural disaster-associated risks
Insurance for Good aims to “harness risk transfer in support of social and environmental goals” and focus on improving disaster recovery within the United States.
By Zoya Mirza • Nov. 5, 2024 -
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Marsh to insure carbon credits against counterfeits, fraud
The insurance broker said the new insurance facility will help de-risk carbon credit investments and protect companies from potential “fraudsters.”
By Lamar Johnson • Nov. 5, 2024
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