by Vijay Jayaraj BlackRock CEO Larry Fink has publicly shifted toward what he calls energy pragmatism, admitting that society now demands a balanced approach to meeting power needs rather than adherence to rigid climate agendas. This could be a pivotal moment for global energy policy, as one of the planet’s most powerful financial players steps… Continue Reading
By Vijay Jayaraj In a slow but steady retreat, the world’s most powerful financial institutions are abandoning their once-lauded climate pledges in the beginning of a long-overdue correction. From BlackRock’s quiet exit to the mass defection of U.S. banking giants, the climate bandwagon is losing passengers. And what replaces it could finally bring a necessary… Continue Reading
ExxonMobil’s Neglected Shareholders By Bruce Everett – CO2 Coalition Director On May 26, over the objection of company management, two new directors were elected to ExxonMobil’s 12-member board. The Washington Post called it a “ratification of shareholders’ unhappiness with the way the company had been addressing climate change and its lagging financial performance.” Not really.… Continue Reading