During the quarter, and in the hottest year on record, the United Nations held its 28th annual Climate Change Conference in the unlikely oil producing nation of the United Arab Emirates.
Major insurance companies, including Allstate and State Farm, are pulling out of markets like California and Florida because of the increasingly frequent, destructive, and costly natural disasters that come with climate change.
A new report from the White House Council of Economic Advisors focuses on the challenges to the US Economy due to climate change and the likelihood that the federal government will be required to dramatically modify its spending priorities to avoid amplifying the problem going forward.
Impact investing got a shot in the arm this quarter with the passage of the Inflation Reduction Act on August 16.
Grantham makes the argument that the process of moving away from fossil fuels will itself be resource intensive and that the commodities needed are limited in supply.
President Biden has nominated Sarah Bloom Raskin to be the Federal Reserve’s next vice chair for bank supervision, the most powerful banking regulatory role in the country.
After years of pressure from activist groups, Harvard University, with the largest education endowment in the US totaling $42 billion, announced it would no longer make any direct investments in companies that explore or develop fossil fuels.
In what some are calling the vote heard around the world, a small activist investor successfully voted out three of Exxon Mobil’s 12 board directors for failing to push the company hard enough on climate transition issues.
Shortly after rejoining the Paris Agreement via executive action earlier this year, President Biden announced a $2 trillion infrastructure plan.
