Sustainability: Page 16
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SEC slaps $4M fine on WisdomTree over greenwashing
The Securities and Exchange Commission is fining the New York-based asset manager for falsely advertising the investment strategy of three funds to have considered ESG factors.
By Zoya Mirza • Oct. 24, 2024 -
Spencer Platt via Getty Images
BlackRock targeted for greenwashing in ClientEarth complaint
The environmental nonprofit sent a complaint to French regulators alleging the firm is mislabeling funds as “sustainable,” despite holding $1 billion in fossil fuel investments.
By Lamar Johnson • Updated Oct. 25, 2024 -
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Most finance leaders believe sustainability targets out of reach: EY
CFOs leading companies active in the U.S. and Europe face a “fluid picture” when attempting to meet regulations for sustainability reporting, EY said.
By Jim Tyson • Oct. 24, 2024 -
Brandon Bell via Getty Images
NYC comptroller proposes stopping pensions’ private market investments in fossil fuels
The funds would be the first U.S. public pension plans to have exclusions on investing in fossil fuel infrastructure like pipelines and liquefied natural gas terminals.
By Lamar Johnson • Oct. 23, 2024 -
Courtesy of Natilus
Aerospace company Natilus unveils low emissions commercial aircraft
The “Horizon” aircraft will be able to transport 200 passengers across two flight routes and is expected to hit the market in the early 2030s.
By Zoya Mirza • Oct. 23, 2024 -
adamkaz via Getty Images
Renewable PPA prices continue to rise — and may do so through 2030, say LevelTen, Ascend analysts
Project delays, tariffs and a new round of supply shortages pushed renewable energy prices higher in the third quarter of 2024.
By Emma Penrod • Oct. 23, 2024 -
Sean Gallup via Getty Images
COP29COP29 president reveals final text of nine climate-focused pledges, declarations
Azerbaijan’s Mukhtar Babayev said the documents serve as “vital tools to drive progress on climate action” and will complement the official negotiation process at the annual UN summit.
By Zoya Mirza • Oct. 22, 2024 -
Michael M. Santiago via Getty Images
JPMorgan hires NOAA climate scientist to lead climate advisory practice
Sarah Kapnick rejoins the bank after a stint as the National Oceanic and Atmospheric Administration’s presidentially-appointed top scientist.
By Lamar Johnson • Oct. 22, 2024 -
Max Kegfire via Getty Images
Many middle market firms in ESG ‘wait and see’ mode, RSM says
While 75% of mid-sized companies have begun preparing for new climate-related regulations, 84% of respondents said they are monitoring developments before taking further action.
By Chris Gaetano • Oct. 22, 2024 -
The image by RM VM is licensed under CC BY-SA 4.0
Supreme Court rejects calls to put a hold on EPA power plant carbon rule
Utilities asking the court to stay the rule included American Electric Power, Duke Energy, MidAmerican Energy, PacifiCorp and Southern Co.
By Ethan Howland • Oct. 21, 2024 -
Courtesy of Climate Group
Climate Week NYC 2024: a retrospective on major announcements, deals
This year’s iteration of the event spanned across 600 events in the city, congregating business leaders, key decision makers and heads of government from all over the world.
By Zoya Mirza , Lamar Johnson • Oct. 21, 2024 -
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NFL stadiums face $11 billion climate risk price tag by 2050: report
The risk would extend past Sunday kickoffs, as stadium venues are local economic hubs and often receive taxpayer funding for development.
By Lamar Johnson • Oct. 18, 2024 -
Rodin Eckenroth via Getty Images
CalSTRS taps Ninety One to manage $150M sustainability mandate
The California State Teachers’ Retirement System is appointing the investment firm’s decarbonization-focused Global Environment Strategy to oversee the mandate.
By Zoya Mirza • Oct. 17, 2024 -
Sundry Photography via Getty Images
IBM acquires Prescinto to bolster renewable energy asset management capabilities
The acquisition is not just a tactical one, but plays into the company’s broader plan to expand its energy and utilities expertise, IBM’s VP of ESG and asset management product leader said.
By Lamar Johnson • Oct. 17, 2024 -
Retrieved from Modern Meadow on October 14, 2024
Sustainable materials firm Modern Meadow names new CEO
David Williamson will take on the top spot after previously serving as president and COO.
By Laurel Deppen • Oct. 17, 2024 -
Justin Sullivan / Staff via Getty Images
Meta joins DOE initiative, pledges $35M for carbon removal projects
The tech conglomerate said the funding is a “direct response” to the Department of Energy’s carbon removal purchase program launched earlier this year.
By Zoya Mirza • Oct. 16, 2024 -
Brandon Bell via Getty Images
JPMorgan Chase, Capital One commit $260M to Arizona solar project
The tax equity financing deal for BrightNight’s Box Canyon project is structured to give the banks access to production tax credits.
By Lamar Johnson • Oct. 16, 2024 -
Funfunphoto via Getty Images
Real estate firm CBRE acquires NRG Energy’s renewable advisory group
The deal will bolster its ability to help clients integrate renewable energy across their real estate portfolios and facilitate clean power deals, CBRE says.
By Joe Burns • Oct. 16, 2024 -
Chip Somodevilla via Getty Images
CFTC issues final voluntary carbon market guidance
The final guidance includes standards to ensure carbon credits are not subject to manipulation and have their contract terms monitored.
By Lamar Johnson • Oct. 15, 2024 -
Romaset via Getty Images
DOE allocates $43M+ to advance industrial decarbonization technologies
The projects selected for the funding are expected to have implications for operators of industrial and commercial buildings, a U.S. Department of Energy official says.
By Nish Amarnath • Oct. 15, 2024 -
Brandon Bell via Getty Images
ExxonMobil, Texas ink deal for nation’s largest offshore CO2 storage site
The deal will allow the energy giant access to more than 270,000 acres of submerged land to store carbon dioxide under the surface of the Gulf of Mexico.
By Lamar Johnson • Oct. 14, 2024 -
Justin Sullivan via Getty Images
Big Oil loses bid to dismiss California greenwashing lawsuits
The Superior Court of San Francisco County denied a motion filed by major oil producers to dismiss climate-related suits filed in California based on the court lacking “personal jurisdiction.”
By Zoya Mirza • Oct. 14, 2024 -
Justin Sullivan / Staff via Getty Images
Amazon announces trio of climate fund investments for e-waste, low-carbon construction
The tech giant’s climate pledge fund participated in funding rounds for startups it believes will accelerate its path to net-zero by 2040.
By Lamar Johnson • Oct. 11, 2024 -
Sean Gallup via Getty Images
COP29CEOs from Ikea, Nestlé, H&M, others rally for climate action ahead of COP29
The letter, signed by senior executives from over 100 corporations, calls on governments and businesses to collaborate to address challenges related to climate risk mitigation.
By Zoya Mirza • Oct. 11, 2024 -
Nathan Howard via Getty Images
Gas utility faces climate deception lawsuit by Oregon county
It's the first time a U.S. community has sued a gas utility for allegedly deceiving the public about the climate impacts of fossil fuels, advocates say.
By Ysabelle Kempe • Oct. 11, 2024
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