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Investors with $39 trillion urge government to plan fossil fuel phase out

Investors managing $39 trillion have called on governments to raise their climate ambition, including setting plans to phase out fossil fuel use and forcing companies to set out science-based transition plans.

Newsletter

Photo by Analia Baggiano on Unsplash

Centrica, Nestle, Swatch among companies exposed to physical climate risks-investors

European energy firms Centrica and Galp, food group Nestle and watchmaker Swatch are among 50 companies worldwide that are highly exposed to physical climate risks, investors with $10 trillion in assets say.

Solutions

Photo by Stephen Dawson on Unsplash

New Zealand introduces climate change law for financial firms in world first

New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate change James Shaw says.

Solutions

Photo by The Climate Reality Project on Unsplash

Show us the plan: Investors push companies to come clean on climate

In the past, shareholder votes on the environment were rare and easily brushed aside. Things could look different in the annual meeting season starting next month, when companies are set to face the most investor resolutions tied to climate change in years.

Impacts

Photo by Mika Baumeister on Unsplash

Cost of flood damage to U.S. homes will increase by 61% in 30 years

Rising sea levels and extreme weather could cause $20 billion of flood damage to at-risk U.S. homes this year, rising to $32 billion by 2051, according to research from New York-based flood research non-profit First Street Foundation.

Causes

Photo by Eutah Mizushima on Unsplash

France's BNP to stop financing firms farming deforested land in the Amazon

France's largest bank BNP Paribas pledged on Monday to stop financing firms producing or buying either beef or soybeans cultivated on land in the Amazon cleared or converted after 2008.

Politics

Photo by Max Lederer on Unsplash

Investors see splits among energy company climate efforts

Investors are judging how well energy companies have reoriented their businesses to cut emissions as they weigh activists' calls for divestment, climate finance specialists said.

ORIGINAL REPORTING

legacy financials

Investors with $39 trillion urge government to plan fossil fuel phase out

Centrica, Nestle, Swatch among companies exposed to physical climate risks-investors

New Zealand introduces climate change law for financial firms in world first

Cost of flood damage to U.S. homes will increase by 61% in 30 years

France's BNP to stop financing firms farming deforested land in the Amazon

Investors see splits among energy company climate efforts

Greenland landslide triggered global seismic event for nine days

Houston faces growing threats from hurricanes and heat waves, experts warn

Harris links climate action to American values as part of presidential push

As Biden prepares to block the sale of U.S. Steel to Nippon Steel, pollution concerns persist in Pennsylvania

A Pennsylvania fracking company with more than 2,000 environmental violations selected for federal environmental justice funding

Op-ed: “I’m sorry, I can’t hear you” — disabling environments in Cancer Alley and the Ohio River Valley

Op-ed: People need shelter from climate change — their health hangs in the balance

Youth climate case petition heads to Supreme Court