Eight of the ten largest environmental, social and governance (ESG) U.S.-funds still back oil and gas companies, according to a Wall Street Journal report.
A new study shows that hurricanes have become more destructive since 1900, and the worst of them are more than 3 times as frequent now than 100 years ago. Global warming has the effect that there is an increase in the force released in the most extreme hurricanes.
The European Investment Bank (EIB) is seeking approval to end its financing of oil, gas, coal projects. However, some EU countries are cautious about the plan because they want to protect jobs and energy security.
In its latest “Future of Food Q”-series, UBS forecasts the coming revolutions in plant-based meat and gene editing. Two thirds of the surveyed consumers have not yet tried plant-based meat, but UBS forecasts the global plant-based market to grow to $50 billion by 2025.
Bank report: “Scale of the climate crisis demands a more radical transformation of the banking sector”
The findings of a Boston Common Asset Management-report indicate a systematic reluctance by banks to demand higher standards from high carbon sector clients, despite the fact that doing so could vastly reduce bank risk and accelerate action on climate change.
China’s State Council has issued a guideline on better using foreign investment with a focus on safeguarding the national treatment of foreign-funded enterprises. The guideline puts forward 20 policies in four aspects to create a more “fair, transparent and predictable” business environment for foreign investors.
The murder of two Indonesian activists, which police say was ordered by a palm oil businessman, highlights the escalating violence and threats faced by environmentalists who challenge the industry, rights groups say.
The European Union should phase out its funding of oil, gas and coal projects, EU finance ministers said in a joint statement on Friday, in a move that could mark a major shift in the bloc’s efforts to combat climate change.
Mitsubishi Corp, Japan’s biggest trading group, said on Wednesday it would shut its Singapore-based crude oil and fuel trading unit after revelations in September that a trader there racked up enormous unauthorised trading losses.
Brazilian President Jair Bolsonaro’s government unveiled a bundle of wide-ranging reforms on Tuesday, aimed at cutting spending and reducing the size of the state to drive down its chronic fiscal deficit.