ExxonMobil along with 4 other companies have been removed from its board following non-compliance to key minimum requirements, including on emissions reporting and targets. In a significvant development, the Legal & General Investment Management, Britain’s biggest asset manager, has dumped… Read More ›
Not only is such funding not aligned with Britain’s efforts to reduce greenhouse gases and carries risks for taxpayers but also as a result of stricter emission reduction targets, and as renewable energy becomes cheaper, companies could be left with… Read More ›
Two group of investors, who have a combined total of $1.9 trillion assets under management are pushing Exxon Mobil Corp to address significant climate risk concerns. According to two groups of investors, Exxon Mobil Corp is attempting to block an… Read More ›
Although LNG will largely replace coal in the global energy mix, the forecast growth trajectory for CO2 emissions has been once again tied down to the oil and gas industry. These emissions are “far out of step” based on current… Read More ›
Cities across the U.S. as well as countries are suing oil companies for misleading investors for years on the risks posed by climate change on their businesses. The state of New York has sued Exxon Mobil Corp alleging that it… Read More ›
The move sees Standard Chartered joining its peers who have ended their support for the dirtiest of the fossil fuels midst rising concern on climate change. On Tuesday, in a step aimed at reducing funding for dirty industries, Standard Chartered… Read More ›
In a study aimed at putting the nail in the coffin of the perception that a low-carbon economy would be costly, the study concluded that moving to renewable energy sources could significantly boost the global economy. According to the results… Read More ›
Through the green initiatives, 9 U.S. Northeast States are reducing their carbon footprint and creating thousands of jobs in the clean energy market. As per the results of a study that was released on Tuesday, thousands of jobs have been… Read More ›
In an interesting turn of events U.S. District Judge Valerie Caproni dismissed Exxon Mobil Corp’s lawsuit against the Attorney General of NY and Massachusetts on the grounds of Exxon’s arguments being “implausible”. In a setback to U.S oil giant Exxon… Read More ›
This report is in stark contrast to expectations and believes that the Trump Administration is only pro-fossil fuels. Here is a shining example of how a self-funded U.S. goverrnment international finance body is helping to promote and fund green energy… Read More ›
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