The Latest
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COP30 president calls for ‘ambitious climate action,’ unveils initial vision for summit
Brazil’s André Corrêa do Lago called on governments to move from negotiation to implementation and increase their ambition when drawing up national emissions reduction plans.
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Supreme Court won’t hear lawsuit on Democrat-led states’ climate litigation
The court declined to take up a suit that pitted 19 Republican-led states against five Democratic-led states that are pursuing lawsuits against major oil companies.
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Climate United Fund sues EPA, Citibank over frozen $7B
The lawsuit asks the U.S. District Court for the District of Columbia to order the funds be unfrozen and disbursed.
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US denounces UN’s sustainable development goals, quits climate damage fund
The U.S. voted against resolutions that promoted climate action and gender equality and withdrew from the United Nations’ Loss and Damage fund, all within a day.
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21 House Republicans oppose cutting clean energy credits to pay for tax cuts
“Both our constituencies and the energy industry alike remain concerned about disruptive changes to our nation’s energy tax structure,” the letter led by Rep. Andrew Garbarino, R-N.Y., said.
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Courtesy of Chipotle
Chipotle debuts national TV ad on Roblox to promote sustainability
Created by Venables Bell & Partners, the effort demonstrates how the chain is working to link gaming, content and real-world rewards.
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Microsoft buys 1.5M tonnes of carbon credits from Climate Impact Partners
The tech giant will purchase the credits over a 30-year period, as the carbon credit project developer plants millions of native trees in India.
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How are C-suites reacting to Trump’s DEI orders?
Most are in a holding pattern, a Littler survey showed — but certain initiatives may be on the chopping block.
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Basin Electric urges Congress to support clean energy tax credits
Inflation Reduction Act tax credits support energy infrastructure needed to meet rising demand for electricity, an Iowa Republican said during a House hearing.
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US exits climate finance initiative aimed at helping developing nations quit coal
The United States has dropped out of Just Energy Transition Partnership, a financing initiative that aims to help South Africa, Vietnam and others transition from coal to clean energy sources.
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IRA funding freeze has put ‘many’ clean energy projects on pause
The uncertainty created by the funding freeze has affected projects at “various stages of development,” a clean energy executive said on a recent press call.
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‘EPA’s action is illegal,’ says green group attorney about $20B GGRF funding freeze
EPA Administrator Lee Zeldin says the $20 billion freeze stopped disbursement riddled with “self-dealing [and] conflicts of interest,” while grant recipients say the freeze will not hold up to judicial review.
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State Street ditches board diversity requirement, completes Big Three DEI retreat
The nation’s third-largest asset manager will no longer require company boards to feature a certain percentage of women, following similar changes by BlackRock and Vanguard.
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Paramount DEI initiative changes spark employee ire
While Paramount's co-CEOs cited the president's executive order in their decision, internal backlash highlights the line employers are trying to toe.
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OpinionNavigating sustainability standards: A hotelier’s guide for choosing the right green certification
Alina Arnelle, chief sustainability officer at BeCause, shares five strategies to help hotels identify green certifications with the most value.
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CarbonQuest nabs $20M to boost building decarbonization
The carbon capture technology provider said it will use this funding to scale its tech and circulate it to a wider range of clients across North America, as well as hire more talent.
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Mars pledges $27M to slash dairy emissions
The confectionery giant is partnering with New Zealand-based dairy co-operative Fonterra to fund more sustainable farming practices.
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Demand for renewable energy projects remains strong, but supply is growing: LevelTen Energy
As more developers are forced to sell early-stage projects, a glut of supply is eroding renewable energy profits, according to data from LevelTen Energy.
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Goldman Sachs launches biodiversity bond fund to support SDGs
The fund became “one of the first fixed income funds” to focus on biodiversity conservation and remediation and support the United Nations’ Sustainable Development Goals.
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BofA, Wells, Truist de-emphasize DEI in annual filings
In its paperwork, BofA now uses “opportunity” in place of diversity. Wells, meanwhile, scrapped its diverse-slate interview policy, along with mentions of its pay equity review.
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EPA $20B funding freeze leaves ‘green bank’ nonprofits unable to pay bills
The Climate United Fund, which received a $6.97 billion Greenhouse Gas Reduction Fund grant, will soon become unable to make payroll or disburse funding to its contracted borrowers, said a spokesperson.
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Wells Fargo scraps net-zero target as banks recalibrate sustainability strategy
The bank is dropping its goal of achieving net-zero financed emissions across its portfolio by 2050, in addition to 2030 targets it set for sector-specific financed emissions.
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BlackRock ends diversity goals, merges DEI team into ‘Talent and Culture’
The nation’s largest asset manager said it will not renew “aspirational workforce representation goals” which expired in 2024, in response to executive orders targeting DEI programs.
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92% of CFOs plan to boost sustainability spending
A majority of companies expect to allocate more than 2% of revenue to sustainability initiatives this year.
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BP cuts renewable spending, doubles down on fossil fuels in strategy reset
The U.K.-based oil major said its investments in the clean energy transition business will now be “significantly lower” and range between $1.5 billion to $2 billion per year.
