Biden Bans New Offshore Drilling Across 625 Million Acres of U.S. Oceans
U.S. President Biden Joe Biden announced today the issuance of new Presidential Memoranda aimed at permanently protecting coastal areas from offshore drilling by prohibiting...
Bloomberg, Carney-led Climate Finance Group Restructures After String of High-Profile Departures from Net Zero Coalitions
The Glasgow Financial Alliance for Net Zero (GFANZ), a UN-backed climate-focused multi-trillion dollar coalition of financial institutions, announced the launch of a significant restructuring,...
Morgan Stanley Joins Peers in Leaving Climate Group, Maintains Commitment to Net Zero
Morgan Stanley has joined several of its peers in exiting the Net-Zero Banking Alliance (NZBA), a UN-backed coalition of banks dedicated to advancing global...
Equinor Lands $3 Billion Financing Package for New York Offshore Wind Project
Norway-based energy company Equinor announced today that it has secured a project financing package in excess of $3 billion for the Empire Wind 1...
Citi, BofA Join Goldman Sachs and Wells Fargo in Exiting Net Zero Banking Group
Financial giants Citigroup and Bank of America (BofA) have decided to exit the Net-Zero Banking Alliance (NZBA), a UN-backed coalition of banks dedicated to advancing...
New York to Charge Oil Companies $75 Billion to Pay for Infrastructure to Cope with Climate Change
New York State Governor Kathy Hochul announced the signing of the Climate Change Superfund Act, a new piece of legislation aimed at requiring fossil...
Wells Fargo Leaves Climate-Focused Banking Initiative
Wells Fargo has decided to exit the Net-Zero Banking Alliance (NZBA), marking the second major departure from the UN-backed coalition of banks dedicated to...
Fervo Energy Raises $255 Million to Deploy Geothermal Power Projects
Geothermal energy project developer Fervo Energy announced that it has secured $255 million in funding, including a $135 million corporate equity round, and $120...
Guest Post: Collaboration Drove Progress at COP29. Let’s Keep Up the Momentum
By: Mike Hayes, Climate Change and Decarbonization Leader at KPMG It’s just over a month since I returned home from the COP 29 summit...
ESG Today: Week in Review
This week in ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to...