European Union regulations obligated banks to increase loans and bonds for environmentally friendly industries, leading to a boost in green financing. Banks like Credit Agricole are voluntarily shifting away from financing oil and gas projects, […]
Daily Standup Weekly Top Stories A Shale Oil CEO’s Second Act: Going Green December 17, 2023 Stu Turley For almost a decade, Tony Sanchez III was the epitome of a shale-boom CEO—furiously drilling oil wells, piling on debt […]
Daily Standup Top Stories Woke Duke Energy Jacks Up Electric Rates to Pay for ESG, Zero Carbon Mandates December 18, 2023 Mariel Alumit Duke Energy has thrown consumers under the proverbial (electric) bus to make their […]
FIRST ON THE DAILY SIGNAL—Tennessee Attorney General Jonathan Skrmetti on Monday sued the investment company BlackRock for deceptive practices. “BlackRock has said two things that can’t both be true,” Skrmetti, a Republican, told The Daily Signal in an […]
By Charles Kennedy of OilPrice.com The world’s biggest asset manager, BlackRock, says that significant reforms in the public sector and public financial institutions could close the gap in climate financing in the emerging markets and […]
Investors withdrew $14.2 billion from U.S. sustainable funds over the past year. Global renewable energy funds experienced record outflows in Q3 2023, with stocks plummeting amid rising costs and market challenges. Political and regulatory changes, […]
ESG is on its last legs. How do I know this? Consider the actions of BlackRock, the big money manager and one of the initial and fiercest advocates of the Environmental, Social, and Governance investing […]
A leading political economist has told Q+A there are reasons to be wary of the announcement that asset management fund BlackRock will launch a fund to invest in New Zealand’s renewable electricity generation. The Government announced last week it […]
Wall Street giant BlackRock just added the CEO of Saudi Arabia ’s national oil company, Saudi Aramco, to its board of directors. The New York Times headline announcing the move read, “ BlackRock Forges New Ties With Big Oil ,” giving the impression […]
ESG scoring and mandates remain a subject we have contested since it sprang to life in 2020. The push of “woke activism” on, and by companies, to meet nebulous or artificial standards has led to various bad […]
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