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Despite ‘Net Zero’ Rhetoric, World’s Biggest Banks Continued to Pour Billions into Fossil Fuel Expansion in 2021
(Rainforest Action Network) The 13th annual Banking on Climate Chaos report, the most comprehensive global analysis on fossil fuel banking to date, underscores the stark disparity between public climate commitments being made by the world’s largest banks, versus the reality of their largely business-as-usual financing to the fossil fuel industry. The report documents that in…
Read MoreThe White House wants to know whether crypto is bad or good for the planet
(Protocol) The White House would like to get to the bottom of this whole “is cryptocurrency going to destroy the climate or not” thing. The Office of Science and Technology Policy announced it’s putting together a report that assesses whether digital assets “impede or advance efforts to tackle climate change” and makes moves toward a…
Read MoreThe climate divide: How Facebook’s algorithm amplifies climate disinformation
(Global Witness) In April of last year, Facebook CEO Mark Zuckerberg admitted during congressional testimony that climate disinformation is ‘a big issue’ on the platform. In an effort to combat this, Facebook created its ‘climate science centre’; an information hub designed to ‘connect people with science-based information on climate change’. Facebook also expanded their flagging…
Read MoreCan Blockchain Networks Fix Carbon Offsets?
(Coindesk) Projects like Toucan, Regen and Moss say on-chain carbon credits will increase transparency and improve accessibility to the carbon credit market. Another project, KlimaDAO, aims to bump up the price of carbon credits by tapping into a corner of crypto where memes are gospel, Tesla (TSLA) CEO Elon Musk is king and everyone is…
Read MoreHow ESG Is Shaping Private Equity: What Is On The Horizon?
(Mondaq) Fundraising in private equity in recent years was shaped by myriad forces, including ESG considerations. In this Q&A with Claudia Arango, we explore private equity fundraising trends in Latin America after 2020. Claudia is the Managing Partner of Exagon Impact Capital, with a career of more than 20 years in private equity and a…
Read MoreBoardrooms with more women deliver more on climate, says Arabesque
(Reuters) Companies with more women on their boards are more likely to be on track to meet global climate goals, analysis by investment research and asset manager Arabesque showed on Tuesday. The study, the first to address the topic, found the most diverse 20% of the world’s 1,000 biggest companies were more aligned with a…
Read MoreCarbon removal’s place in the climate fight
(Axios) Actor and climate tech investor Robert Downey Jr. stirred controversy last week when he tweeted that “the technologies that suck carbon out of the air and capture it” are as equally important in global efforts to halt global warming, as “building new renewable energy.” Why it matters: To climate tech investors (and scientists), the…
Read MoreClimate tech companies in the spotlight as SEC votes on new ESG disclosure proposal
(Fortune) All eyes are on the Securities and Exchange Commission, which is expected to vote on a new set of climate disclosure rules for public companies in its meeting today that began at 11 a.m. The guidance would make it easier for investors to make an apples-to-apples comparison of companies’ carbon footprint. It will also…
Read MoreWhy Bill Gates’ climate VC firm is focused on the tech we don’t have
(Protocol) Breakthrough Energy has emerged as one of the most prominent climate venture capital and policy shops in the U.S. That’s perhaps unsurprising given it’s the brainchild of Bill Gates, a guy you’ve probably heard of. Gates himself put a lot of the thinking behind Breakthrough Energy in his 2021 book “How to Avoid a…
Read MoreESG Disclosure in Silicon Valley
(Harvard Law School Forum on Corporate Governance) Throughout the last few years, investors, proxy advisors, governance professionals and a number of stakeholders have expressed a keen interest in how companies are managing their environmental, social and governance (ESG) associated risks and opportunities. Given the broad nature of ESG and the general dearth of reporting mandates,…
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