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Ross Kerber

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
ClimateCourtsNews

Tennessee Attorney General settles ESG dispute with BlackRock

Tennessee and BlackRock settle ESG dispute; BlackRock agrees to increased proxy voting disclosures and third-party audits.

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
BusinessClimateEmissionsEnvironmentFinanceNewsPolitics

Investor climate group Net-Zero Asset Managers suspends activities after BlackRock exit

BlackRock exits Net-Zero Asset Managers initiative amid U.S. political backlash, prompting coalition to suspend activities.

FILE PHOTO: The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021.  REUTERS/Carlo Allegri/File Photo
BusinessEmissionsNews

BlackRock quits climate group as Wall Street lowers environmental profile

BlackRock exits Net Zero Asset Managers initiative, citing legal scrutiny and confusion over its climate policies.

FILE PHOTO: 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
BusinessClimateEconomyEmissionsEnvironmentFinanceIndustryNewsPoliticsRegulations

US House committee targets another investor climate group

The House Judiciary Committee is probing 60 asset managers over ties to the Net Zero Asset Managers initiative, alleging antitrust violations.

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.

Boys play in a dried up dam in Khawlan, Yemen, one of the world's most water-stressed countries, where climate change-induced drought and the lack of sustainable water supplies prevail, August 31, 2023. REUTERS/Khaled Abdullah/ File Photo
BusinessClimateClimate FinanceEconomyEmissionsEnvironmentNewsPolitics

Global climate funds set for first annual outflows, Morningstar says

For the first time, global climate funds face net withdrawals, with $24B pulled in 2024 amid poor returns, greenwashing, and anti-ESG sentiment.

Signage is seen at the JPMorgan Chase & Co. New York Head Quarters in Manhattan, New York City, U.S., June 30, 2022. REUTERS/Andrew Kelly/File Photo
BusinessClimate FinanceFinanceNatural GasNews

JPMorgan gives green energy finance ratio for the first time

Banks are increasingly under pressure from investors to show how they are helping clients in the transition to clean energy.

FILE PHOTO: The One World Trade Center building stands amid the Manhattan skyline in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky/File Photo
AnalysisBusinessEmissionsEnvironmentRegulations

Analysis: US companies boost social and climate reporting amid ESG backlash

U.S. firms have increased ESG reporting, with 85 per cent now disclosing emissions and 82.6 per cent sharing workforce data.

FILE PHOTO: New York City Comptroller Brad Lander speaks during the National Action Network National Convention in New York, U.S., April 12, 2023. REUTERS/Jeenah Moon/File Photo
BusinessCoalEconomyIndustryLiquefied Natural GasNatural GasNewsOilPoliticsRegulationsTrade

NYC comptroller Lander to end private market fossil fuel investments

If approved, the plan would bar future investments in pipelines and LNG terminals in the funds' private equity portfolios.

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.

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