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Isla Binnie

FILE PHOTO: A specialist trader works at the post where BlackRock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022.  REUTERS/Brendan McDermid/File Photo
BusinessClimateCoalEmissionsEnvironmentFinanceNatural GasNewsOil

US House panel finds BlackRock, other asset managers leery of joining climate initiative

U.S. asset managers avoided climate initiatives fearing regulatory scrutiny, as GOP alleges a "climate cartel" collusion scheme.

FILE PHOTO: The mountains Brunegghorn, Bishorn and Weisshorn are pictured from Belalp, Switzerland, September 4, 2019.  REUTERS/Denis Balibouse/File Photo
BusinessClimateEconomyEmissionsEnvironmentIndustryInfrastructureRegulationsTrade

Global regulators quiz banks amid climate-risk tussle, sources say

Global banking regulators are probing banks' climate risk management practices, seeking consensus amid varied approaches.

BusinessCarbon ManagementCoalEconomyEmissionsEmissions MarketsEnvironmentFinanceNewsPoliticsRegulations

New York State fund swapped coal assets for responsible index ETF

New York's State Insurance Fund reduced its carbon exposure by 40% by shifting coal assets into a responsible-investment ETF.

FILE PHOTO: Cooling towers are seen at Google's new data center near Fredericia, Denmark November 30, 2020. Frank Cilius/Ritzau Scanpix/via REUTERS/File Photo
AnalysisIn-Depth

Analysis: Power thirst complicates ESG investors’ love affair with tech stocks

ESG investors press Microsoft and Alphabet about AI's energy needs to determine the tech sector's place in sustainable funds.

U.S. Representative Jim Jordan (R-OH) speaks at a House Republicans press conference on Capitol Hill in Washington, U.S., June 12, 2024. REUTERS/Craig Hudson/File Photo
BusinessEnvironmentLegislationNewsPolitics

US House committee demands ESG information from investors

Republicans demand 130 investors explain ESG goals, fearing antitrust violations, highlighting partisan climate policy split.

FILE PHOTO: Rep. Jim Jordan, R-Ohio, speaks during a U.S.House Judiciary Committee about political influence on law enforcement activity, including one who worked on Special Counsel Robert Mueller's Russia probe, in Washington, U.S., June 24, 2020. Susan Walsh/Pool via REUTERS/File Photo
BusinessClimateEconomyEmissionsFinanceNewsPolitics

US House committee report finds Wall Street ‘colluded’ to curb emissions

A U.S. congressional committee will accuse the biggest Wall Street firms of colluding with advocacy groups to force companies to shrink their greenhouse...

Mark Carney, the UN Special Envoy on Climate Action and Finance, attends The Museum of American Finance Gala, at the Ziegfeld Ballroom in New York City, U.S., March 7, 2024. REUTERS/Jeenah Moon/ File Photo
BusinessClimateEconomyFinanceNewsPolitics

US House committee grills Carney, Schapiro in push against climate coalitions

US lawmakers' committee interviews with GFANZ leaders Carney and Schapiro in escalation of push against coalitions to tackle climate change

FILE PHOTO: The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015.  REUTERS/Lucas Jackson/File Photo
BusinessCourtsFinanceNewsOilPolitics

U.S. Republican states support Exxon in shareholder activism dispute

Exxon's pursuit of the case against Arjuna Capital and Follow This over a proposal the company push for stricter climate targets, even after...

FILE PHOTO: The logo of American multinational oil and gas corporation ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessFinanceLiquefied Natural GasNatural GasNewsOil

CalPERS to vote against Exxon board members

CalPERS will vote against all Exxon Mobil board members at the upcoming annual meeting on May 29, a regulatory filing showed on Monday

FILE PHOTO: A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015.   REUTERS/Mike Segar/File Photo
BusinessFinanceNews

Citigroup sees loan book hit in climate action ramp-up, document shows

Citigroup climate risks document prepared for Federal Reserve shows potential for $7bn losses if the energy transition is on track for net zero...

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