Focus on Climate
Four of Canada’s biggest banks leave climate alliance
The Net-Zero Banking Alliance aims to accelerate climate action among financial institutions.
Republican-led states sue Biden administration over offshore drilling ban
Republican-led states sue over Biden's ban on new offshore oil and gas projects along most U.S. coastlines.
A battery plant fire in California started during a boom for energy storage
A major California battery plant fire burned thousands of lithium batteries, a growing renewable energy source.
BMO becomes first Canadian bank to withdraw from Net-Zero Banking Alliance
BMO becomes the first Canadian bank to exit the NZBA, following similar moves by major U.S. lenders under political pressure.
Federal Reserve withdraws from global regulatory climate change group
The Federal Reserve exits global climate risk group NGFS, citing its scope as beyond the Fed's statutory mandate.
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.
Procter & Gamble accused of ‘greenwashing’ in Charmin toilet paper, lawsuit says
Procter & Gamble faces lawsuit over alleged greenwashing in Charmin toilet paper sourcing from Canada's boreal forest.
Indonesia plans to offer carbon credit certificates to foreign buyers next week
Indonesia to launch carbon credits for global buyers on Jan. 20, aiming to boost funds for 2050 net-zero targets.
2024 saw fastest-ever annual rise in CO2 levels: UK weather service
Atmospheric CO2 surged at record rates in 2024, driven by fossil fuels, wildfires, and weakening carbon sinks, says Met Office.
At aviation meeting, ESG takes backseat to jet shortages
Dublin's air finance summit sidestepped sustainability amid parts shortages, stoking fears of “ESG fatigue” in aviation.
