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July 1, 2022

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Energy investment treaty update fails to win over environmentalists

Reuters
June 24 (Reuters) – Years-long talks over updating an international energy investment treaty ended on Friday with a provisional deal which would allow the exclusion of fossil fuels interests but not fast enough to silence environmental campaigners’ complaints that it undermines efforts to curb climate change. The 1994 Energy Charter......

No bodies found in hunt for British journalist, Brazil police say

Reuters
ATALAIA DO NORTE, Brazil, June 13 (Reuters) – Brazilian police and indigenous search teams dismissed reports on Monday that they had found the bodies of a British reporter and a Brazilian indigenous expert missing in the Amazon jungle, dashing hopes of a quick resolution in the week-old case. On Sunday,......

How a battery shortage is hampering the U.S. switch to wind, solar power

Reuters
June 9 (Reuters) – U.S. renewable energy developers have delayed or scrapped several big battery projects meant to store electrical power on the grid in recent months, scuttling plans to replace fossil fuels with wind and solar energy. At least a dozen storage projects meant to support growing renewable energy......

Fashion industry needs to pick up pace on climate goals, says report

Reuters
People stand next to the window of a fashion boutique in a shopping district in Tokyo, Japan, May 30, 2016. REUTERS/Thomas Peter/File Photo Register now for FREE unlimited access to Reuters.com Register PARIS, May 31 (Reuters) – The 30 largest listed fashion firms must do more to hit Paris climate......

U.S. SEC unveils rules to ensure ESG funds’ investments fall in line with their names, policies

Reuters
WASHINGTON/BOSTON, May 25 (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Wednesday will vote to propose a pair of rule changes aimed at stamping out unfounded claims by funds on their environmental, social and corporate governance (ESG) credentials, and enforcing more standardization of such disclosures. The proposals, which......

Hedge fund Elliott chases oil and gas deals, bucking Wall Street

Reuters
May 25 (Reuters) – Energy bankers who lost one client after another when poor returns pushed many investment firms out of the U.S. oil patch got a welcome email earlier this year. Elliott Management, a hedge fund founded and co-led by billionaire Paul Singer and best known for its activist......

Shareholders back Shell’s climate strategy after raucous meeting

Reuters
LONDON, May 24 (Reuters) – Shareholders backed Shell’s (SHEL.L) climate strategy in a meeting on Tuesday that was disrupted by dozens of climate protesters, while a climate activist proposal from the Follow This group received fewer votes than last year. It followed a Dutch court ruling in May 2021, telling......

Swiss Re, UBS among founding buyers in carbon removal scheme

Reuters
LONDON, May 23 (Reuters) – Insurance firm Swiss Re (SRENH.S) and banking giant UBS (UBSG.S) are among five founding buyers of credits from a scheme set up by a Swiss company to drive down the cost of taking carbon dioxide out of the atmosphere. Even with pledges of huge reductions......

Computer chip giant ASML places big bets on a tiny future

Reuters
VELDHOVEN, Netherlands, May 20 (Reuters) – ASML (ASML.AS), a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger. It is building machines the size of double-decker buses, weighing over 200 tonnes, in its quest to produce beams of focused light that create the microscopic circuitry on......

Tesla cut from S&P 500 ESG Index, and Elon Musk tweets his fury

Reuters
May 18 (Reuters) – An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc (TSLA.O) from the widely followed S&P 500 ESG Index (.SPXESUP)because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles, and Tesla CEO Elon Musk......

Four countries pledge tenfold rise in EU offshore wind power capacity

Reuters
A fishing boat sails in front of wind turbines through the Thyboron Canal in Jutland, Denmark, March 14, 2019. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register ESBJERG PORT, Denmark, May 18 (Reuters) – Germany, Belgium, the Netherlands and Denmark on Wednesday pledged to build at least......

Climate change is hurting insurers, report says

Reuters
LONDON, May 17 (Reuters) – Climate change is hurting the insurance industry and only 8% of insurers are preparing adequately for its impact, consultants Capgemini and financial industry body Efma said in a report on Tuesday. Insured losses from natural catastrophes have increased 250% in the last 30 years, with......

Mexico’s Grupo Bimbo eyes price hikes as inflation hurts margins

Reuters
The logo of Mexican breadmaker Grupo Bimbo is pictured on a delivery truck in Monterrey, Mexico, August 8, 2018. REUTERS/Daniel Becerril Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, April 26 (Reuters) – Mexican breadmaker Grupo Bimbo’s(BIMBOA.MX)first-quarter net profit rose, boosted by strong sales, but higher raw......

Britain moves ahead with mandatory climate plans for companies

Reuters
Activists from the Extinction Rebellion drape a banner across Marble Arch as part of a protest in central London, Britain, April 16, 2022. REUTERS/Henry Nicholls/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, April 25 (Reuters) – Britain unveiled a new taskforce on Monday to write rules......

Sunseap signs MOU to develop large-scale solar plants in Indonesia’s Riau Islands

Reuters
State Electricity Company officials stands between solar cell panels at the largest solar power plant in Indonesia, at Oelpuah village in Kupang, July 20, 2017. Antara Foto/Widodo S Jusuf via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register SINGAPORE, April 19 (Reuters) – Singapore’s Sunseap Group said......

Global Citizen seeks up to $1 billion for six sustainable ‘Impact’ funds

Reuters
Wind turbines spin during a winter storm near Palm Springs, California, U.S., March 10, 2021. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register New model to help scale finance to developing markets Aims to tackle U.N. Sustainable Development Goals To focus on climate, poverty, clean water, food......

BlackRock expects 75% of company and govt assets to be net zero-aligned by 2030

Reuters
A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson Register now for FREE unlimited access to Reuters.com Register Statement covers corporate, sovereign-linked assets Depends on change in the real economy, client choice NGO calls for more than ‘vague commitments’ LONDON, April......

Japan’s SMFG, Tepco, Mitsubishi face activist climate votes at AGMs

Reuters
TOKYO, April 13 (Reuters) – Big Japanese firms including Sumitomo Mitsui Financial Group (8316.T), Tokyo Electric Power (Tepco) (9501.T) and Mitsubishi Corp (8058.T) will face resolutions from activist shareholders urging greater commitment to tackling climate change at their annual meetings this year. Five climate activist groups, including Japan’s Kiko Network......

Brightmark, Georgia county cancel $680 mln plastic-to-fuel project

Reuters
Reusable plastic bags and unrecyclable film packaging from southern California stores and retailers are seen in Laguna Niguel, California, U.S., December 1, 2021. Jan Dell/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 11 (Reuters) – Brightmark Energy and a county in the U.S. state......

EU could revisit renewable targets in push to quit Russian energy, climate policy chief says

Reuters
Vice President of the European Commission, Frans Timmermans, gestures during the Meeting of College of Commissioners at the European Parliament in Strasbourg, France, 18 January 2022. Julien Warnand/Pool via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register CAIRO, April 10 (Reuters) – The European Union may set......

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