Tag: Fossil Fuels
BlackRock’s Fink Strikes Truce With Texas
After the Lone Star State blacklisted the asset manager over a fossil fuels issue, the firm’s ESG-minded CEO offers big bucks to improve the state's power grid.
Due Diligence: Using ESG as a Risk Mitigator
Although seldom apparent in financial statements, environmental, social and governance deficiencies can come out of nowhere and slam investors.
NYC Pension Funds Sued for Divesting $4 Billion in Fossil-Fuel Assets
The complaint alleges breach of fiduciary duty in ‘misguided and ineffectual gesture to address climate change.’
Global Institutional Investors Increasingly ‘Shunning Coal’
Europe leads the way among institutional investors divesting from coal, according to a new report.
Saudi Sovereign Wealth Fund Beefs Up With Chunk of Aramco Stock
Receiving 6% of the oil behemoth’s equity, the fund has a long-term goal of diversifying the economy away from oil.
Vatican Publishes Ethical Investing Guidelines
TIAA/Nuveen Accused of Greenwashing, Violating UN Climate Pledges
Complaint alleges Principles for Responsible Investment signatory owns at least $78 billion in fossil-fuel investments.
Republican Senators Escalate Warnings to ESG Actors
New warnings of investigations and hearings for ESG actors arrive from Republican Senators.
Chicago Teachers’ Pension Fund to Reorientate Portfolio to Fully Offset Fossil Fuel Investments
Louisiana Divests Nearly $800 Million from BlackRock to Protect Fossil Fuel Industry
Treasurer John Schroder calls ESG investing a threat to democracy and individual liberty.
Princeton to ‘Dissociate’ Fossil Fuel Investments
The university targeted 90 companies active in thermal coal or tar sands segments of the fossil fuel industry.
Australia’s HESTA Accused of Greenwashing
The Environmental Defenders Office says HESTA’s investments in oil and gas companies could be in breach of the law.
NY Common to Review Net-Zero Readiness of Oil and Gas Firms
Previous energy sector reviews have so far led the $272 billion pension fund to divest from 55 companies.
Northwestern Sets New Fossil Fuel Investment Guidelines
The university says it will also boost investments in cleaner energy companies.