The largest US oil firm is asking the Texas Supreme Court to allow it to use the law, known as rule 202, to pursue legal action against more than a dozen California municipal officials. Exxon claims that in filing lawsuits against the company over its role in the climate crisis, the officials are orchestrating a…
Tag: climate change
Sovereign debt an obstacle to meeting Net Zero goals, says CEO of Sweden’s biggest pension fund
The CEO of Sweden’s largest pension fund Alecta has said that unless governments step up their climate efforts, he does not see how the fund can meet its Net Zero ambitions, given the requirement to hold substantial amounts of sovereign debt. Sovereign debt an obstacle to meeting Net Zero goals, says CEO of Sweden’s biggest…
Agenda – Audit Committees Question Climate Competency
Climate change has now become the issue of the 21st century. With the conclusion of COP26 in Glasgow, Scotland — bookended by India’s commitment to achieving net-zero emissions by 2070 and the historic U.S.-China agreement to reach the 1.5 C temperature goal outlined in the Paris Agreement — the three largest polluters in the world…
Agenda – ISS Sets ‘Minimum’ Bar for Boards on Climate in Proposed Policy Changes
It’s essential to remember that ISS is market-driven and these changes are a reflection of their response to client demand and not an indicator of their intention to lead on climate issues. Proxy advisory firm Institutional Shareholder Services today published its annual list of proposed policy changes for the 2022 proxy season, and it includes…
MSCI Introduces ESG Ratings & Climate Search Tool
We are proud to be a leader in driving ESG and Climate transparency to help provide investors with much needed clarity as they sharpen their focus on the financial impact of climate change and raise awareness of the value of ESG data and ratings and improve disclosure standards. Our public ESG Ratings & Climate corporate…
GM says it supports Build Back Better… and the lobbying campaign to kill it
Judd Legum’s Popular Information reports on the inconsistency between corporate rhetoric in support of the Biden bill and the lobbying in opposition. So do the companies that have been outspoken about the need for significant climate investments support BBB? Or do they support efforts by the Chamber and the Business Roundtable to kill the legislation?…
Short supply of green assets ‘may create bubble’ | Business | The Times
A shortage of suitable environmentally friendly assets for pension schemes to invest in could contribute to a “green asset bubble”, MPs have warned. The Commons’ work and pensions select committee said that pension schemes had the potential to help economies to cut emissions, but warned that there were only a limited number of suitable assets…
Huge investor coalition urges governments to accelerate climate action | Corporate Secretary
A huge investor coalition has called on national governments to accelerate policy changes that will support investment in climate change solutions. A group of 587 investment firms with a collective $46 trillion in assets under management yesterday issued a statement urging governments to take a range of actions, from strengthening emissions targets to mandating climate…
Lying, Not Changing: The Fossil Fuel Industry Pretends to Care
Chris Walker of The Daily Poster attended a fossil fuel industry conference. He noted that while a keynote panel was titled “Combating Climate Change Together,” the combat was directed more at science and real-life efforts to address the climate crisis. A major rebranding effort is currently under way as fossil fuel interests like the Colorado…
Agenda – Investors To Back Off Say-on-Climate Proposals
What Agenda calls backing off may just be a shift in response to the forthcoming SEC rulemaking on climate disclosure. Last year CIFF, along with several supporting partners including CDP, the nonprofit formerly known as the Carbon Disclosure Project, and ESG charity ShareAction, began a new, three-pronged initiative to push companies in the U.S. and…
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