The US Securities and Exchange Commission (SEC) has finally released its climate emission disclosure rules. Investors have been worried about these rules and the implications of Scope 3 transparency on their portfolios, so they asked the SEC for help in making prudent financial decisions. In turn, regulators within the SEC … [continued]
Originally published by Union of Concerned Scientists, The Equation. By Laura Peterson It’s here! After years of advocacy, one executive order, two proposed laws, and numerous initiatives across federal agencies, the US Securities and Exchange Commission (SEC) — the independent federal agency responsible for protecting the financial system — has finally proposed that publicly … [continued]
Originally published by Union of Concerned Scientists, The Equation. By Rachel Cleetus, Policy Director Yesterday I had the opportunity to testify at a hearing held by the House Financial Services Subcommittee on Consumer Protection and and Financial Institutions entitled “Addressing Climate as a Systemic Risk: The Need to Build Resilience within … [continued]
Charges and countercharges about unfair labor practices and misleading production numbers are swirling around this week. Is there any truth to any of them?
Multinational oil and gas megalith ExxonMobil has this week agreed to increase its level of climate disclosure in the wake of shareholders voting in favor to instruct the company to produce an annual report on the risks of climate change and government policies.
Just two weeks ago, the Boston-based Conservation Law Foundation filed a lawsuit against ExxonMobil for endangering Massachusetts communities along the historic Mystic River through its activities at the Everett petroleum storage terminal. This is the first nongovernmental lawsuit in the nation to take a petroleum company to task for its decades-long … [continued]
Once the world’s leading renewable energy developer, SunEdison’s fortunes have fallen like a rock, tied to a much larger rock, and are now facing the looming threat of bankruptcy. SunEdison’s woes have already been well covered — from its numerous failing transactions, to missing its Q4 & 2015 filing deadline, … [continued]
The proposed merger of Hanwha SolarOne Company and Hanwha Q CELLS Investment Company is continuing to move forward. Hanwha Solarone has finished filing a shareholder circular — dated to December 24, 2014 — with the Securities and Exchange Commission in relation to its previously announced public statement of a definitive share … [continued]
Move over, Mosaic and SunFunder. There’s a new solar crowdfunding website in town—Crowdsun.com. The third online investment platform for financing solar projects bills itself as “Your solution to safe, green funding.” CrowdSun has already funded over $2 million across 11 campaigns, two of which have hit the 100% mark so … [continued]
A new study finds that companies who voluntarily reported data about their greenhouse gas emissions saw stock prices increase in value $10 billion dollars over a 10-year period.
