Finance: Page 2
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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 -
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 -
Explore the Trendline➔
TarikVision via Getty ImagesTrendlineTop 5 stories from ESG Dive
This year has shaped up to be a formative one for ESG, from the U.S. pulling out of major climate agreements to federal agencies recalibrating their approach to sustainability under the new administration.
By ESG Dive staff -
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 -
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 -
Q&A
How 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 -
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 -
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 -
FTC, DOJ weigh in on Republican states’ coal antitrust case against ‘Big Three’ asset managers
The federal agencies urged the court to reject BlackRock, Vanguard and State Street’s motion to dismiss the lawsuit brought by Texas AG Ken Paxton and 10 other states.
By Lamar Johnson • May 28, 2025 -
BlackRock’s GIP to buy controlling stake in Eni carbon capture business
Global Infrastructure Partners is aiming for a 49.99% controlling stake in the Italian energy major’s carbon capture and storage holdings.
By Zoya Mirza • May 27, 2025 -
House-passed budget bill sparks concerns from clean energy industry
While the nuclear industry saw some positive changes from a committee-passed version, further updates to the IRA structure prompted concerns from clean energy and sustainable investing groups.
By Lamar Johnson • May 27, 2025 -
House’s 60-day deadline for IRA eligibility would trigger ‘scramble’: EY experts
“From a commercial perspective, it's not a unilateral decision most of the time on whether you can begin construction,” said Greg Matlock, a tax leader at EY Americas.
By Diana DiGangi • May 27, 2025 -
GOP supporters of IRA clean energy credits outline reconciliation bill recommendations
Fourteen Republicans asked to maintain the tax credit transferability mechanism through the phase-out period and make two other adjustments to the clean energy tax credit changes.
By Lamar Johnson • May 19, 2025 -
Honda postpones $11B EV production investment in Canada
The automaker is delaying the plan by at least two years while seeking increased production in the U.S. for multiple models to avoid tariffs.
By Eric Walz • May 19, 2025 -
Congressional Dems press US financial institutions on climate alliance exits
“Leaving doesn’t eliminate climate-related financial risk; instead, it diminishes your capacity to monitor and address that risk collaboratively,” a letter from over 40 lawmakers said.
By Lamar Johnson • May 16, 2025 -
Q&A
Why a former ESG skeptic is teaching fiduciaries impact investing at MIT
“Not all impact investments are created equal,” said Andrew Lo, a MIT Sloan School of Management professor. “One needs to focus very specifically on what kind of impact they'd like to achieve.”
By Lamar Johnson • May 15, 2025 -
Financing gaps for biodiversity conservation persist as corporations look to nature-based solutions
While more corporations have invested in conservation and nature-based carbon credits, experts at DC Climate Week said there are hurdles to closing the funding gap.
By Lamar Johnson • May 14, 2025 -
House GOP proposes early phaseout of IRA clean energy tax credits
The House Ways and Means Committee’s draft budget scales back the technology-neutral clean energy investment and production tax credits while leaving carbon capture credits largely intact.
By Brian Martucci • May 13, 2025 -
Google announces deals for nuclear projects, cutting superpollutants
The deals with Elementl Power, Recoolit and Cool Effect will provide early stage financing for three nuclear energy projects and eliminate 25,000 tons of superpollutants from the atmosphere.
By Lamar Johnson • May 12, 2025 -
Microsoft, EFM ink forestry-based carbon removal deal
The carbon offtake deal with the forest investment and management firm will provide the tech giant 700,000 nature-based credits through 2035.
By Zoya Mirza • May 12, 2025 -
NOAA stops tracking cost of extreme weather and climate disasters
The data can't be replicated by city and state governments, scientists say.
By Robyn Griggs Lawrence • May 12, 2025 -
DC’s first climate week highlights net-zero innovations and challenges
More than 4,500 attendees were in the nation’s capital as climate experts and startups look to make Washington, D.C. one of the top climate tech hubs in the U.S.
By Lamar Johnson • Updated June 2, 2025 -
Central bank climate coalition releases near-term scenario planning tool
The Network of Central Banks and Supervisors for Greening the Financial System released the first public tool to examine the short-term impacts of climate change and related policies on the economy.
By Lamar Johnson • May 8, 2025 -
(2025). "https://www.youtube.com/live/XhheK2197-8?si=FLXzFrXpEFreLvHx" [Video]. Retrieved from T&I Committee Republicans/YouTube.
House committee proposes annual $250 fee for EVs
Shoring up the Highway Trust Fund with annual federal registration fees for electric and hybrid vehicles is part of the Transportation & Infrastructure Committee’s budget reconciliation proposal.
By Dan Zukowski • May 7, 2025 -
HSBC pressed on net-zero by $1.6 trillion investor group at annual meeting
Some 30 investors called on the bank to “urgently affirm” its commitment to its climate goals and prioritizing net-zero emissions across its operations.
By Zoya Mirza • May 5, 2025 -
Retrieved from Wikimedia Commons.
US solar, battery manufacturing to expand through 2027 despite uncertainty: Anza Renewables
This year, Anza sees tighter supplies and higher prices for U.S.-made solar cells and battery components as tariffs push buyers toward domestic options.
By Brian Martucci • May 5, 2025