Investors continue to back fossil fuels with $4.3trn still invested
New research by environmental organisation Urgewald reveals that investors are still pumping $4trn of assets into companies that are developing new fossil fuel assets
US
US court quashes divestment challenge against New York pension funds
A US court has backed three New York City Pension Funds’ decision to divest from fossil fuels, dismissing a case put forward by conservative members
Proxy season 2024 stock take: what shareholder votes tell us about stewardship
What do the results of CA100+ flagged votes for the 2024 proxy season tell us about progress on the road to decarbonisation?
CalPERS reveals further details of its $100bn climate investment pledge
CalPERS, the $495.3bn pension plan for Californian public sector workers revealed further details on how it plans to execute it pledge to invest $100bn in climate assets
Nuclear energy: appetite growing but challenges remain
With governments worldwide turning their heads towards nuclear for energy security and environmental reasons, is there investor appetite to commit to the controversial power source?
Bonn: five potential COP29 agenda items for investors to watch
The German city of Bonn hosts SB60, the 60th meeting of UN subsidiary bodies, which will set the agenda for the 2024 COP29 summit this week. Here are five key topics for investors to watch
Exxon shareholders vote to back the board
Exxon’s shareholders have voted to re-elect all directors, including chairman Darren Woods and lead director Joseph Hooley, despite an investor campaign against their leadership
Asset owners turn to SEC ahead of Exxon AGM
Ahead of Exxon Mobil’s AGM, a group of 39 investors representing more than $5trn in assets have turned to the SEC to voice their concerns about infringements on shareholder rights.
California’s new climate rules set a new standard for emissions disclosures
Emmy Shaw, an analyst at Canbury argues that the new climate legislation introduced in California has the potential to have a much wider reach
Money talks: investors turn their focus to fossil fuel funders
With the AGM season drawing to a close, Net Zero Investor assesses how investors have switched their engagement focus from oil firms to banks