Finance


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    ISS, Glass Lewis sue Texas AG over state’s newest anti-ESG law

    The nation’s top two proxy advisory firms are seeking a preliminary injunction to stop a Texas law targeting such firms from taking effect in September.

    By July 29, 2025
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    SEC declines to confirm whether climate disclosure rule will be upheld if it survives litigation

    The agency told an appeals court it “does not intend to review or reconsider” the rule but did not confirm whether it would enforce it if legal challenges against the rule fail.

    By July 25, 2025
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    Trendline

    Top 5 stories from ESG Dive

    This year has shaped up to be a formative one for ESG, from the U.S. pulling out of major climate agreements to federal agencies recalibrating their approach to sustainability under the new administration.

    By ESG Dive staff
  • A large outdoor sign features Meta's blue infinity loop logo on a white background above the company name "Meta" and the address, "1 Hacker Way." The sign sits on a curved concrete base in a landscaped area with mulch and dirt.
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    Alamy
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    Meta leans on $900M Enbridge solar investment to power Texas data centers

    The tech and social media conglomerate will purchase 100% of the power generated by the 600 megawatt Texas solar plant owned by the Canada-based energy developer.

    By July 24, 2025
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    Trump’s big bill is ‘tough but constructive’ for renewables: NextEra

    Analysts on the call were skeptical of NextEra’s claims that the company could avoid losing tax credits for its projects.

    By Emma Penrod • July 24, 2025
  • An adult uses a Citi ATM while a child stands next to the person, with Citi signage in the foreground.
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    DOL rescinds Biden-era letter on Citi racial equity proposal

    The program, which Citi said was never implemented, was slated to provide “diverse managers” with a competitive advantage, an agency official wrote.

    By Emilie Shumway • July 23, 2025
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    SBTi unveils final net-zero standard for financial institutions

    The Science Based Targets initiative’s FINZ framework is the first to guide the sector through the net-zero journey, including setting both near- and long-term portfolio targets.

    By July 22, 2025
  • The Microsoft logo is seen at an Experience Center on Fifth Avenue on April 03, 2024 in New York City.
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    Michael M. Santiago via Getty Images
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    How Microsoft is leaning on carbon removal solutions to cut its climate footprint

    The tech giant has invested in a plethora of CDR solutions this year to cut its emissions and meet net-zero goals, ranging from biochar to marine carbon dioxide removal deals.

    By , July 21, 2025
  • An aerial view of the Shotwick Solar Energy Park on February 25, 2025 in Deeside, Wales.
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    Utilities may speed renewable projects under new tax credit timeline: Jefferies

    Utilities “with renewables-heavy plans” may accelerate wind and solar projects by several years in order to qualify for the new one-year safe harbor period, according to Jefferies.

    By Diana DiGangi • July 21, 2025
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    Opinion

    How retail energy suppliers can navigate the new federal energy policies

    Key strategies include buying renewable energy certificates now, leveraging data and predictive analytics and growing market share.

    By Nainish Gupta • July 18, 2025
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    BlackRock integrates RepRisk’s ESG data into portfolio management software

    The deal will give global asset managers and owners access to RepRisk’s data on material ESG risks to companies through the Aladdin platform and expand BlackRock’s company coverage.

    By July 17, 2025
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    Q&A

    California’s 2026 climate-risk reporting deadlines are here to stay: KPMG

    Despite regulatory uncertainty at the U.S. federal level and internationally, California’s forging ahead and expecting companies to disclose their climate risks starting next year.

    By July 14, 2025
  • The HSBC building is seen at Canary Wharf.
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    HSBC departs Net-Zero Banking Alliance, following US banks

    The U.K.-based bank became the latest to exit the United Nations-backed NZBA, following in the footsteps of Wall Street's exodus from climate alliances.

    By July 11, 2025
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    Trump seeks tighter restrictions on wind and solar with executive order

    The order seeks to “ensure that policies concerning the ‘beginning of construction’ are not circumvented” by wind and solar projects.

    By Diana DiGangi • July 10, 2025
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    Mars unveils emissions reduction progress, launches $250M green investment fund

    The confectionery giant has reduced its emissions by over 16% from a 2015 baseline, while scaling growth by 69% in the same time frame.

    By July 10, 2025
  • European Union flags are pictured outside the European Commission building. The flags are blue with a circle of yellow stars.
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    European Commission proposes simplifying sustainability taxonomy

    The changes would reduce the number of reported data points by 89% for financial institutions and 64% for non-financial companies.

    By July 8, 2025
  • An entrance to a Madison Avenue JPMorgan Chase building is shown, with revolving doors and a person walking in the foreground.
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    JPMorgan launches carbon market blockchain app

    In a bid to boost data standardization and transparency, the bank is working with three global carbon registries to test the viability of tokenizing the voluntary carbon market.

    By July 7, 2025
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    Allianz launches platform to help businesses assess, mitigate climate risks

    The group’s commercial insurance unit unveiled CAReS last week, which aims to help companies better understand climate-associated risks and the impact they have on company assets.

    By July 7, 2025
  • Speaker of the House Mike Johnson, R-L.A., walks back to his office from the House chamber at the U.S. Capitol on July 3.
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    House passes Senate version of Trump’s megabill, altering clean energy economy

    President Donald Trump promised additional executive branch restrictions on wind, solar and EV subsidies in exchange for Freedom Caucus members' support of the bill, Rep. Ralph Norman, R-S.C., said.

    By Diana DiGangi • July 3, 2025
  • Senate Majority Leader John Thune, R-S.D., accompanied by Sen. John Barrasso, R-Wyo., Sen. Mike Crapo, R-Ind., and Sen. Lindsey Graham, R-S.C., speaks to reporters off the Senate floor after the Senate passed its megabill on July 1.
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    Senate passes megabill that curbs IRA tax credits, drops wind and solar tax

    The amended bill also offers an exception to the onerous “placed in service” deadline of 2027 for projects that begin construction within a year of its passage.

    By Diana DiGangi • July 2, 2025
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    House committee clears bill to limit retirement fund managers from using ESG factors

    The bill, which reverses course on a Biden-era regulation, would issue a variety of documentation requirements for any use of “non-pecuniary” factors by retirement plan managers.

    By July 1, 2025
  • U.S. Senate Majority Leader John Thune (R-S.D.) speaks to reporters after walking off the Senate floor at the US Capitol Hill on June 29 in Washington, D.C. Senate Republicans worked overnight, forced by Democrats to read a new version of the "One, Big, Beautiful Bill," as they approach President Donald Trump's July 4 deadline.
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    Senate reverses course on IRA cuts, proposing harsh tax on renewables

    Former Trump senior adviser Elon Musk on Saturday said the Senate’s latest draft of the bill “gives handouts to industries of the past while severely damaging industries of the future.”

    By Diana DiGangi • June 30, 2025
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    Sierra Club drops BlackRock as asset manager over failure to address climate risk

    The environmental group’s charitable arm is shifting its funds to Nia Impact Capital and Xponance, which it described as “more financially responsible” investment firms.

    By June 27, 2025
  • U.S. Sen. Kevin Cramer (R-ND) speaks to reporters before the weekly Republican Senate policy luncheon at the U.S. Capitol on April 01, 2025 in Washington, DC.
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    Senate negotiating IRA tax credits, aims to vote on budget bill Friday

    Sen. Kevin Cramer, R-N.D., said there is “work being done” on the residential solar tax credit, which the House and the Senate Finance Committee voted to eliminate.

    By Diana DiGangi • June 26, 2025
  • Jane Fonda at a podium during her 2020 protest series Fire Drill Fridays
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    Over 200 actors call on SAG-AFTRA pension to divest fossil fuels

    High-profile actors including Jane Fonda, Don Cheadle and Mark Ruffalo signed onto the campaign urging Hollywood’s pension plan to ditch more than $100 million in fossil fuel investments.

    By June 25, 2025
  • An engineer walks by solar panels with wind turbines in the background.
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    image via Getty Images
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    $1.4B in new clean energy factories, projects canceled in May: E2

    Nearly $15.5 billion in clean energy investments have been canceled since the beginning of the year, representing 30 canceled, closed or downsized projects.

    By June 24, 2025