Finance: Page 19
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Big banks pressed to stop financing livestock production over climate concerns
An open letter singles out JPMorgan Chase, Bank of America and other institutions for their support of food giants like JBS, saying lending activities undermine the sector’s environmental commitments.
By Sarah Zimmerman • Sept. 13, 2024 -
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House Financial Services panel hearing probes proxy advisors’ ESG influence
Rep. Bill Huizenga, R-Mich., said advisors are becoming “de facto standard setters” for governance, while a witness compared them to consultants who help investors “sift through mountains of data.”
By Lamar Johnson • Sept. 12, 2024 -
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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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Google taps direct air capture startup for latest carbon removal deal
The tech giant will purchase carbon removal credits from Holocene for $100 per ton of carbon dioxide, a price tag considered to be the lowest on record for direct air capture technologies.
By Zoya Mirza • Sept. 11, 2024 -
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BofA closes $205M tax equity deal for carbon capture, clean fuel credits
Bank of America will purchase carbon capture and clean fuel production tax credits in a novel financing deal with biofuels producer Harvestone Low Carbon Partners.
By Lamar Johnson • Sept. 11, 2024 -
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FERC greenlights BlackRock’s $12.5B purchase of Global Infrastructure Partners
The Federal Energy Regulatory Commission approved the transaction on the back of a blanket authorization it first granted the asset management firm in 2010.
By Lamar Johnson • Sept. 10, 2024 -
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White House announces $7.3B financing for rural clean energy projects
The federal funding will support 10 GW in clean energy projects lowering electricity costs for cooperative utilities in 23 states, the White House said.
By Ethan Howland • Sept. 10, 2024 -
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Nasdaq partners with Crux to help companies access clean energy tax credits
The team-up will grant Nasdaq ESG Solution clients access to Crux’s platform of clean energy project developers and manufacturers to purchase transferable tax credits.
By Lamar Johnson • Sept. 9, 2024 -
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Morgan Stanley drops plastic pollution financing goal
A spokesperson for the bank told ESG Dive it would no longer have the standalone goal due to data availability and quality challenges as required climate disclosures near.
By Lamar Johnson • Sept. 6, 2024 -
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Where Climate Action 100+ stands after member exodus, GOP probes
The investor-led group has lost out on a few notable members this year amid heightened scrutiny surrounding ESG and climate initiatives.
By Zoya Mirza , Lamar Johnson • Updated Dec. 17, 2024 -
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CleanCapital, Sunrock to deploy solar, battery storage in US communities
CleanCapital’s senior director of investments and capital markets said the partnership will allow the companies to accelerate the nation's energy transition “where it matters most.”
By Lamar Johnson • Sept. 5, 2024 -
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Oxylus Energy nabs $4.5M for clean fuel tech
The climate tech company said the funding will help develop and scale its carbon conversion project which produces green methanol — an alternative fuel that can help slash emissions.
By Zoya Mirza • Sept. 4, 2024 -
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Vanguard supported zero E+S proposals in 2024: report
The lack of support for environmental and social proposals comes after the nation's second-largest asset manager supported just 2% in 2023.
By Lamar Johnson • Sept. 3, 2024 -
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American Sustainable Business Council sues Texas over anti-ESG law
The organization alleged that the 2021 law violates its members rights to speech and free association, as well as due process, and are seeking an injunction.
By Lamar Johnson • Aug. 29, 2024 -
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Meta inks geothermal deal for data centers
Meta’s deal with Sage Geosystems will provide up to 150 megawatts and be the first use of next-gen geothermal east of the Rocky Mountains.
By Lamar Johnson • Aug. 28, 2024 -
Retrieved from FHWA.
Low-carbon materials a ‘huge opportunity’ to green the transportation sector
The Department of Transportation is releasing $800 million to reimburse builders for using cleaner construction products, Federal Highway Administrator Shailen Bhatt said
By Julie Strupp • Aug. 28, 2024 -
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Hawaii $4B fire settlement would prevent insurers’ clawback claims
A deal to resolve hundreds of lawsuits from the devastating 2023 Maui fires could collapse without a resolution on insurers’ recoupment rights against defendants.
By Justin Bachman • Aug. 28, 2024 -
Courtesy of Toyota
DOE doles out another $50M to support EV manufacturing
The Biden-Harris administration said the funding will go to six states with “significant automotive workforces” to help suppliers adapt their facilities.
By Haley Cawthon • Aug. 27, 2024 -
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BlackRock hit with cease-and-desist by Indiana secretary of state
The Hoosier State alleged 54 counts of securities violations in what BlackRock called “a politically motivated attack.”
By Lamar Johnson • Aug. 26, 2024 -
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First national U.S. green bank launches with IRA funding
The Coalition for Green Capital said it’s open for business and seeking to build a U.S. network of green banks that will mobilize capital for clean energy.
By Lamar Johnson • Aug. 23, 2024 -
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BlackRock’s support for E+S proposals whittles away in 2024 proxy season
The nation’s largest investment manager noted a rise in shareholder proposals focused on environmental and social matters and anti-ESG filings.
By Lamar Johnson • Aug. 22, 2024 -
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World Bank raises $6.5B for pair of sustainable development bonds
The two transactions pulled in over 300 orders and attracted capital from a diverse investor group, including bank treasuries, central banks and asset managers.
By Zoya Mirza • Aug. 22, 2024 -
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Franklin Templeton, Sun Life subsidiaries join Climate Action 100+ exodus
The financial institutions’ withdrawals came after Goldman Sachs’ asset management arm announced it was leaving the climate action investor group.
By Zoya Mirza • Aug. 19, 2024 -
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Greystar expands into infrastructure development
The nation’s largest multifamily housing owner is extending its reach into new sectors including clean power, transition fuels and data centers.
By Mary Salmonsen • Aug. 19, 2024 -
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Federal judge issues permanent injunction on Missouri anti-ESG rules
The court ruled that a pair of the state’s rules on socially responsible investing are preempted by national laws covering securities and pensions — and also unconstitutional.
By Lamar Johnson • Aug. 16, 2024 -
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Texas adds NatWest to its fossil fuel divestment list
The list that now includes 16 companies has only one U.S. firm, BlackRock, raising questions on whether Texas avoids punishing Wall Street giants for their fossil fuel stance.
By Rajashree Chakravarty • Aug. 16, 2024
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