Exxon lobbyist duped by Greenpeace says climate policy was a ploy, CEO condemns statements
A lobbyist for Exxon Mobil Corp (XOM.N) said the company supports a carbon tax publicly because the plan to curb climate change would never gain enough political support to be adopted, according to an interview aired on Wednesday.
UBS joins peers to track how lending affects environment, jobs
A group of banks, including UBS (UBSG.S) and Singapore’s DBS (DBSM.SI), on Wednesday announced plans to create a new way of measuring the environmental and social impact of their financing.
Financial sector faces heavier burden in EU climate plans, sources say
The European Union is considering a wide range of measures to bring the bloc’s financial sector into line with its climate plans, sources who have seen a European Commission strategy paper told Reuters.
MUFG board beats back climate resolution as activists falter in Japan
Mitsubishi UFJ Financial Group (8306.T) shareholders on Tuesday defeated a proposal for the bank to align its business with global targets on climate change, dealing a win for the board over investors pushing for more action on the environment.
Enbridge raises funds from sustainability bonds in climate-goal push
Enbridge Inc (ENB.TO) said on Monday it has closed its inaugural sustainability-linked bond (SLB), the first company in the midstream sector to raise sustainable bonds in North America, as it moves a step closer to its environment goals.
U.S. biofuel groups urge EPA to curb oil refinery waivers despite ruling
U.S. biofuel and corn industry groups said on Monday they are urging the Environmental Protection Agency to use restraint in its use of waivers exempting refiners from their biofuel blending obligations after the Supreme Court last week upheld the controversial program.
EU drafts plan to toughen carbon market – report
The European Union is planning to toughen its carbon market to cut emissions faster and put a price on pollution in new sectors, Bloomberg News reported on Sunday.
EU watchdog tells banks to have a 10-year climate plan
Banks in the European Union must have a 10-year plan spelling out how they will deal with environmental, social and governance (ESG) risks to their bottom line, the bloc’s banking watchdog said on Wednesday.
Canada’s climate plan charts hard road ahead for high-polluting oil sands
Canada has set ambitious targets for slashing emissions to fight climate change, but faces a stiff challenge: not only is its economy dependent on oil production, but the Canadian oil industry’s carbon emissions are among the world’s highest for every barrel of oil it pumps.
What’s the plan? Corporate polluters lag on setting climate goals
Scientists say the world needs to cut greenhouse gas emissions by at least 45% by 2030 to have any hope of meeting Paris Agreement targets for the middle of the century and averting catastrophic warming.
