Sustainability: Page 18


  • A brown cylindrical stack rises behind some decorated fencing on a grassy hill. A body of water is visible in the background.
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    The image by Tdorante10 is licensed under CC BY-SA 4.0
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    EPA warns landfill owners to meet gas monitoring and collection obligations amid noncompliance

    The federal agency issued alerts that revealed its findings from over 100 inspections. It noted the climate impact of failing to control methane pollution and warned landfill owners that the agency would hold them accountable. 

    By Jacob Wallace • Sept. 27, 2024
  • A general view of GMC Hummer EVs on November 17, 2021 at General Motors' Factory ZERO electric vehicle assembly plant in Detroit, Michigan
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    Nic Antaya via Getty Images
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    White House backs $1B EV supplier fund

    Monroe Capital’s managed fund is focused on helping small- and medium-sized auto manufacturers transition to electric vehicle production.

    By Kate Magill • Sept. 27, 2024
  • Ali Zaidi, national climate advisor to Joe Biden, speaking at Climate Week
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    Lamar Johnson/ESG Dive
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    Now is the time to ‘lean into’ decarbonizing transportation sector: Biden climate advisor

    Cutting transportation sector emissions would have both public health and climate benefits, Ali Zaidi, a national climate policy advisor for the Biden administration, said at Climate Week NYC.

    By Sept. 26, 2024
  • Business people having meeting in conference room, sitting with laptops and discussing
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    Caiaimage/Paul Bradbury via Getty Images
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    CEOs face hurdles in meeting net-zero targets due to decarbonization challenges: KPMG

    CEOs pointed to the complexity of cutting supply chain emissions and implementing sustainable solutions as challenges affecting their net-zero target strategies.

    By Suman Bhattacharyya • Sept. 26, 2024
  • Environmental activists seen protesting outside the New York Supreme Court.
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    Drew Angerer via Getty Images
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    Climate lawsuits against largest fossil fuel producers have almost tripled, report finds

    Oil giants like ExxonMobil and Shell are increasingly facing lawsuits regarding their alleged culpability for climate change-related damages and engagement in misleading advertising.

    By Lyle Moran • Sept. 25, 2024
  • A person in a suit stands in front of a crowd of people holding signs that say "Trump 2024" and "Road to Victory."
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    Scott Olson via Getty Images
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    2024 Elections

    How a 2nd Trump administration could ‘jeopardize’ Inflation Reduction Act climate funds

    If elected, could Donald Trump claw back or withhold funds from communities? Experts from Columbia University’s Sabin Center for Climate Change Law offer insight.

    By Ysabelle Kempe • Sept. 25, 2024
  • Six executives from green banks in localities across the country announce the creation of the Green Bank 50 coalition.
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    Lamar Johnson/ESG Dive
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    Climate Week NYC 2024 kicks off with carbon removal deals, green banking coalition

    The annual climate event launched with announced commitments to triple nuclear energy financing, decarbonization initiatives across the aviation sector and some carbon offset deals.

    By Sept. 24, 2024
  • People seen walking down Wall Street.
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    Spencer Platt via Getty Images
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    Most global banks unprepared for climate change risks: report

    A majority of banks lack clear climate adoption strategies, a Climate X survey of 50 of the world's largest commercial banks found.

    By Suman Bhattacharyya • Sept. 24, 2024
  • Equipment at ExxonMobil's advanced recycling facility in Baytown, Texas
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    Courtesy of ExxonMobil
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    Lawsuits from California AG and others take aim at ExxonMobil’s chemical recycling claims

    The oil giant is facing a pair of coordinated lawsuits that collectively allege deceptive marketing, concealment of harm, and violations of nuisance and unfair competition laws.

    By Maria Rachal • Sept. 24, 2024
  • State Street building. Yellow banners say "State Street Global Advisors" "Reinventing Investing"
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    Monica Schipper via Getty Images
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    State Street reduces support for E + S proposals, following other Big Three asset managers

    State Street supported 6% of environmental and 7% of social proposals in the 2024 proxy season, confirming the nation’s largest asset managers all supported fewer such proposals than in 2023.

    By Sept. 23, 2024
  • Federal Reserve Chairman Jerome Powell speaks during a news conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. The Federal Reserve announced today that they will cut the central bank’s benchmark interest rate by 50 basis points to a new range of 4.75%-5%.
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    Anna Moneymaker via Getty Images
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    Clean energy a ‘big winner’ as Fed cuts interest rates more than expected

    Renewable energy projects are “very sensitive to the cost of capital,” particularly for capital-intensive technologies like offshore wind, said Mona Dajani, a partner at Baker Botts.

    By Diana DiGangi • Sept. 23, 2024
  • Lilly Biotechnology Center in San Diego, California
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    Michael Vi / Getty Images via Getty Images
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    Q&A

    How Lilly’s sustainability goals come face to face with massive growth

    Eli Lilly’s head of ESG is maintaining a focus on sustainability even as the company’s expansion plans in weight loss drive a larger footprint and more social scrutiny.

    By Michael Gibney • Sept. 23, 2024
  • Mukhtar Babayev speaks to the media during a conference.
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    Sean Gallup via Getty Images
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    COP29

    COP29 president unveils climate action agenda with no mention of fossil fuel phase out

    Though the agenda introduced a spate of environmental initiatives, it lacked any direct mentions of transitioning away from fossil fuels, a goal set during COP28.

    By Sept. 20, 2024
  • The sun sets behind the US Capitol
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    Tom Brenner via Getty Images
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    House GOP passes pair of anti-ESG bills targeting ‘woke’ investment policies

    House Republicans passed a pair of bills this week aimed at pension funds and the Securities and Exchange Commission that Rep. Juan Vargas, D-Calif., said are “going nowhere” in a Democrat-controlled Senate.

    By Sept. 20, 2024
  • Mukhtar Babayev, COP29 President-Designate, speaks on stage.
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    Sean Gallup via Getty Images
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    COP29

    $29 trillion investor coalition urges governments to tackle climate crisis ahead of COP29

    A coalition of over 530 financial institutions is urging policymakers to “take robust action” on climate change, including mandating climate-related disclosures and boosting sustainable investments.

    By Sept. 19, 2024
  • Solar panels in a desert with storm clouds in the background.
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    trekandshoot via Getty Images
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    US solar panel manufacturing jumps fourfold after Inflation Reduction Act

    The sector is enjoying massive production investment thanks to the clean energy law, even as it contends with heightened tariffs.

    By Joelle Anselmo • Sept. 19, 2024
  • Wall Street sign with U.S. flags in background
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    lucky-photographer via Getty Images
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    Under 25% of Vanguard’s 2024 proxy pilot participants chose ESG-centered policies

    The program’s third-party ESG policy option was particularly popular with investors of one of the firm’s ESG funds, though just under a quarter of pilot participants picked the option overall.

    By Sept. 18, 2024
  • The outside of a factory is seen. A sign with "JBS" in red letters is plastered on the front.
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    Chet Strange via Getty Images
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    JBS unlocks renewable gas production at US beef and poultry plants

    With help from GreenGasUSA’s on-site systems, the Brazil-based meat giant plans to transform methane from its wastewater streams into sustainable fuel.

    By Nathan Owens • Sept. 18, 2024
  • A front reception desk at a CBRE office.
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    "CBRE reception" by EG Focus is licensed under CC BY 2.0
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    Real estate firm CBRE curbs scope 1, 2 emissions by 24% since 2019

    Its scope 1 emissions rose almost 16% since 2022 due to increased mileage across its vehicle fleet, which it looks to fully electrify by 2035, according to CBRE’s 2023 corporate responsibility report.

    By Joe Burns • Sept. 18, 2024
  • A close-up of the Occidental Petroleum logo outside its headquarters.
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    Brandon Bell via Getty Images
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    Occidental’s 1PointFive secures up to $500M from DOE for carbon removal

    The Department of Energy’s Office of Clean Energy Demonstrations will provide the funding to develop a direct air capture hub which can remove 500,000 metric tons of carbon dioxide annually.

    By Sept. 17, 2024
  • House Financial Committee Chair Patrick McHenry
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    Kevin Dietsch via Getty Images
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    House GOP members probing federal membership in green finance network

    Leaders of the House Financial Services Committee are conducting an investigation into the participation of U.S. agencies in the Network for Greening the Financial System.

    By Sept. 17, 2024
  • Actor Matt Damon speaks onstage at a Clinton Global Initiative event.
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    Spencer Platt via Getty Images
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    Matt Damon-backed WaterEquity pulls $100M+ from Microsoft, Starbucks, others for new climate fund

    The Water & Climate Resilience Fund aims to make safe water or sanitation accessible to 15 million people based across Africa, Asia and Latin America.

    By Sept. 16, 2024
  • Heavy smoke clouds of carbon emissions spew from three cylindrical columns rising from a factory in the background, partly obscured by trees, with the roof of a house barely visible in the foreground.
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    Mark Wilson via Getty Images
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    EPA issues violation notice to ADM over carbon sequestration permit

    The violation relates to corrosion in a monitoring well at the agricultural supply chain company’s second injection site that has since been plugged and did not affect surface or groundwater, ADM said in a statement.

    By Sept. 16, 2024
  • a hand sticks a fork in a salad in a disposable cup
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    Giuseppe Lombardo via Getty Images
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    EPA expands recommended ecolabels for food service ware purchases

    It’s the first time in nearly 10 years the agency is evaluating new recommendations of standards for sustainable federal purchasing. EPA said it would accept comments on the proposed updates for 30 days.

    By Maria Rachal • Sept. 16, 2024
  • Gary Gensler is in focus speaking with a finger raised in front of a name card. An aide sits behind him out of focus.
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    Kevin Dietsch via Getty Images
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    SEC disbands its climate and ESG enforcement task force

    The Securities and Exchange Commission said it will return its attention to greenwashing if it sees another spike in risk, an agency spokesperson told ESG Dive.

    By Sept. 13, 2024