Chesapeake, Southwestern Energy create new oil giant with $7.4B merger

The combined portfolios, which will operate under a new company, will create the largest natural gas producer in the United States.

By Lamar Johnson • Jan. 12, 2024

Climate funding takes hit in California governor’s 2024 budget proposal

Transit funding, however, was relatively unscathed in Gov. Gavin Newsom’s proposed 2024-25 fiscal year budget, which represents $20 billion in cuts from last year.

By Dan Zukowski • Jan. 12, 2024

Explore the Trendline➔

The state of the clean energy transition in 2024

This year saw a large volume of initiatives and investments from corporations focused on the clean energy transition — alongside a handful of reversions on carbon reduction goals.

By ESG Dive staff

Neiman Marcus beats 2025 DEI goal, increases diversity across senior leadership

The luxury retailer said it had increased diversity across leadership roles, vice president level and up, by 21%, and was adopting external standards to measure and advance workplace equity.

By Zoya Mirza • Jan. 11, 2024

Rhodium: US greenhouse gas emissions fell in 2023, despite economic growth

Preliminary estimates show emissions are now 17.2% below pre-2005 levels, but the emissions reduction rate needs to more than triple to reach Paris Agreement goals.

By Lamar Johnson • Jan. 11, 2024

Missouri’s bid to dismiss anti ESG-rules suit is denied

The U.S. federal judge’s decision greenlights a lawsuit challenging two of the state’s ESG rules that affect financial institutions.

By Lamar Johnson • Jan. 10, 2024

How 3 states are attacking carbon emissions from transportation

While 21 states sued the federal government over its new rule requiring transportation emission reduction targets, others are forging ahead to clean up the sector.

By Dan Zukowski • Jan. 10, 2024

4 ESG trends that set the tone for 2024

It’s shaping up to be a big year for ESG with a packed SEC agenda, fights over corporate DEI efforts and shareholder rights and a focus on financing the net zero transition.

By Lamar Johnson , Zoya Mirza • Jan. 10, 2024

DOL: Beyond Yoga contractors to pay over $1M in wages, damages to garment workers

The U.S. Department of Labor’s settlement for 165 Los Angeles-based workers is the largest one to date for garment workers in the Golden State.

By Zoya Mirza • Jan. 9, 2024

Spearmint Energy brings its first Texas battery energy storage plant online

The company’s 300 megawatt Revolution project marks the debut for one of the largest battery storage companies in one of the largest battery storage markets in the nation.

By Lamar Johnson • Jan. 9, 2024

Qcells, Microsoft expand solar panel supply partnership

The new agreement could provide enough solar energy to power up to 1.8 million homes a year.

By Sara Samora • Jan. 9, 2024

World Bank launches $5B sustainable development bond

The 7-year benchmark bond will mature in January 2031 and seeks to support the financial institution’s goals to “end extreme poverty and boost prosperity.”

By Zoya Mirza • Jan. 8, 2024

Emissions compliance period begins for NYC’s Local Law 97

Even though 89% of covered buildings are set to meet 2024 emissions targets, facilities managers must act promptly to achieve 2030 goals, experts say. 

By Nish Amarnath • Jan. 8, 2024

LG Energy unveils 10 grid-scale battery storage projects for 2024

The company said the investments coincided with the passage of the Inflation Reduction Act, which included significant investments in renewable energy.

By Lamar Johnson • Updated Jan. 8, 2024

Equinor, BP terminate New York offshore wind project over rising costs

The European energy firms scrapped their agreement to sell power from the proposed Empire Wind 2 project, citing rising inflation, interest rates and supply chain disruptions.

By Zoya Mirza • Jan. 5, 2024

Chevron blames regulations, cleanups for $4B write-off in Q4

The energy giant said California’s regulatory landscape and cleanup of decommissioned Gulf of Mexico sites are estimated to cost the company at least $3.5 billion.

By Lamar Johnson • Jan. 4, 2024

Amazon to generate hydrogen onsite with Plug Power’s electrolyzer system

The hydrogen generated at Amazon’s Colorado fulfillment center will power forklift trucks and help lower emissions.

By Zoya Mirza • Jan. 4, 2024

Federal court won’t reconsider decision to overturn Berkeley, California, natural gas ban

If the city wants to continue to appeal the decision, its next step would be the U.S. Supreme Court. 

By Ysabelle Kempe • Jan. 4, 2024

Pattern Energy scores $11B for large-scale clean energy project

The renewable energy developer said construction is underway for the clean energy infrastructure project, which it alleges is the largest “in U.S. history.”

By Lamar Johnson • Jan. 3, 2024

Industry leaders blast Treasury’s draft guidance for clean hydrogen tax credits

Some leading hydrogen producers are already talking about suing to stop the implementation of the Treasury Department’s proposal, according to Mona Dajani, a partner at Baker Botts.

By Emma Penrod • Dec. 22, 2023

New York finalizes climate-risk guidance for financial institutions

The state said the new rules will help banking and mortgage institutions prepare for the physical and transition risks of climate change.

By Lamar Johnson • Dec. 22, 2023

Amazon to trial Mercedes-Benz hydrogen fuel-cell trucks in 2024

Daimler Truck will deploy the GenH2 trucks for their first customer fleets, serving Amazon, Holcim, Air Products and others on long-haul tests in Germany.

By Iulia Gheorghiu • Dec. 22, 2023

Gen Z, millennial investor confidence slips regarding ESG investments

The number of investors under 41 years old who wanted fund managers to advocate for environmental change, even if it decreased their investment, dropped from 85% last year to 66%. 

By Iulia Gheorghiu • Dec. 21, 2023

Puma expands its textile-to-textile polyester recycling program

The company said its Re:Fibre technology would be used to create most of its club and federation replica jerseys in 2024.

By Howard Ruben • Dec. 20, 2023

Unilever under UK investigation for alleged greenwashing of products

The British competition regulator will scrutinize environmental claims for consumer goods made by the CPG giant, including Dove, Comfort and Cif.

By Iulia Gheorghiu • Updated Dec. 20, 2023

How IBM’s Sustainability Accelerator’s latest cohort is tackling water management

IBM Sustainability and Social Innovation Leader Michael Jacobs talks about the social impact program’s goals and how it uses its technology to improve environmental issues in vulnerable communities.

By Lamar Johnson • Dec. 19, 2023