Finance: Page 6
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Lawmakers urge PJM to take steps so clean energy projects can meet tax credit deadlines
“Either we have a resource adequacy issue or we don't — and I believe we do — so we need to be getting all of this energy online as quickly as possible,” Maryland Delegate Lorig Charkoudian said.
By Ethan Howland • Sept. 30, 2025 -
Chances of US passing a carbon border tariff law are ‘non-trivial,’ Dem. senator says
Sens. Sheldon Whitehouse, D-R.I., and Bill Cassidy, R-La., have each introduced bills to implement a carbon border adjustment mechanism for the U.S., mirroring similar initiatives abroad.
By Lamar Johnson • Sept. 25, 2025 -
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 -
One-third of corporate spending aligns with sustainability: Risilience
Fifty-two percent of large companies have created plans to achieve net-zero carbon emissions, and 30% are drawing up such roadmaps, Risilience found in a survey.
By Jim Tyson • Sept. 25, 2025 -
Climate Week NYC 2025 commences with slate of disaster response, green infrastructure deals
The annual climate event launched with commitments to scale low-carbon cement, boost circularity and supply chain decarbonization and support healthcare workers responding to disasters.
By Zoya Mirza , Lamar Johnson • Sept. 24, 2025 -
Sustainable funds outearned traditional investments in 1st half of 2025: Morgan Stanley
Though investors put more cash into traditional funds in the first half of the year, sustainable funds earned a median return of 12.5%, while traditional funds delivered just 9.2%, the bank found.
By Michael Brady • Sept. 23, 2025 -
Opinion
Evolution of sustainable investing: Real versus alternative facts in finance
A former Impax Asset Management executive reflects on the politicization surrounding sustainable investment approaches and the financial costs of overlooking environmental and social risks.
By Julie Gorte • Sept. 22, 2025 -
Schneider Electric inks carbon removal deal with Climeworks
Climeworks signed its largest portfolio agreement to date, which will deliver the energy company 31,000 tons of carbon removal credits by 2039.
By Lamar Johnson • Sept. 19, 2025 -
Texas attorney general probes ISS, Glass Lewis over ESG, DEI
Ken Paxton’s probe follows a recent injunction on a Texas anti-ESG law targeting proxy advisory firms, but Texas is not the only state looking at the two firms’ ESG and DEI policies.
By Lamar Johnson • Updated Sept. 19, 2025 -
Wells Fargo execs settle suit over diverse hiring practices
The bank and shareholders expect to file a motion for preliminary approval of the settlement by Oct. 13, according to court documents.
By Caitlin Mullen • Sept. 18, 2025 -
McDonald’s launches $200M grassland conservation initiative
The sustainability project doubles as a long-term investment in U.S. beef supply chains, as tariffs on major beef producers loom.
By Aneurin Canham-Clyne • Sept. 16, 2025 -
‘Green banks’ petition for rehearing in $14B EPA funding freeze case
A three-judge panel ruled 2-1 to uphold the EPA’s freeze on Inflation Reduction Act grants, but the plaintiffs have asked for a rehearing from the entire appeals court.
By Diana DiGangi • Sept. 15, 2025 -
SEC chair targets IFRS priorities, shares concerns on ‘prescriptive’ EU sustainability laws
Paul Atkins said the International Sustainability Standards Board’s parent organization should refocus on its accounting board and the EU should drop double materiality requirements.
By Lamar Johnson • Sept. 12, 2025 -
BlackRock’s support for environmental, social proposals dips to less than 2% in 2025
After peaking in the 2021 proxy season, the world’s largest asset manager has reduced its support for environmental and social proposals each of the past four proxy seasons.
By Lamar Johnson • Sept. 11, 2025 -
This 4-GW renewables joint venture aims to outlast Trump administration
Two European renewable energy firms are teaming up to develop a significant portfolio of wind, solar and energy storage projects in the Western United States.
By Brian Martucci • Sept. 10, 2025 -
Deutsche Bank doubles down on net-zero commitment in updated transition plan
The German bank said it will uphold its climate targets as they are “part of a prudent risk management practice as well as a business opportunity.”
By Zoya Mirza • Sept. 5, 2025 -
Vanguard supports no environmental, social proposals for second straight year
The world’s second-largest asset manager also reported witnessing declines in environmental and social submissions, and shareholder proposals more broadly, while anti-ESG filings increased.
By Lamar Johnson • Sept. 4, 2025 -
With tax credits expiring, a home electrification nonprofit is racing against the clock
Rewiring America has launched a national campaign to help homeowners take advantage of clean energy and efficiency incentives that will expire soon.
By Robert Walton • Sept. 4, 2025 -
BlackRock calls out state officials for ‘politicization’ of public pensions
After Republican and Democrat state and local finance officials offered dueling views on fiduciary duty, the asset manager said such “politicization of pension fund management” costs retirees.
By Lamar Johnson • Sept. 3, 2025 -
Over 30 organizations urge EU to keep banks in sight for future CSDDD compliance
A joint letter asked policymakers to protect the Corporate Sustainability Due Diligence Directive’s “review clause,” which keeps the door open to applying it to the financial sector.
By Lauren Schenkman • Sept. 3, 2025 -
Preliminary injunction halts enforcement of Texas’ latest anti-ESG law
A federal judge stopped the state from enforcing its law targeting proxy advisers, which was set to go into effect Sept. 1, in a win for plaintiffs Institutional Shareholder Services and Glass Lewis.
By Lamar Johnson • Sept. 2, 2025 -
NZBA will vote to abandon membership model after industry exodus
After waves of exits by U.S., Canadian and European banks, the Net-Zero Banking Alliance said it would vote on forgoing a membership-based model and focus on establishing industry guidance.
By Lamar Johnson • Aug. 27, 2025 -
FTA seeks to eliminate environmental criteria from capital investment grant guidelines
The Federal Transit Administration requests public comment on updated guidelines that would remove the “social cost of carbon” calculation and make broader changes to the multibillion-dollar program.
By Dan Zukowski • Aug. 27, 2025 -
Democrat finance officials push asset managers to reaffirm commitment to manage climate risks
A letter from 17 finance officials to BlackRock, Vanguard and 16 other firms seeks to counter a Republican-led letter urging firms to eschew viewing climate change as a long-term risk.
By Lamar Johnson • Aug. 22, 2025 -
Google, Kairos Power deal aims for Tennessee nuclear reactor by 2030
The agreement will provide Google with renewable energy attributes to decarbonize its data centers served by the Tennessee Valley Authority in Tennessee and Alabama.
By Lamar Johnson • Aug. 21, 2025 -
Rivian moving forward on $5B Georgia EV plant
The battery electric vehicle maker will host two events next month to mark the restart of construction in 2026.
By Larry Avila • Aug. 21, 2025