EOS Hermes says yet to decide on MUFG climate shareholder resolution
EOS at Federated Hermes has yet to decide if it will back a shareholders’ resolution sponsored by activists seeking to push Mitsubishi UFJ Group (8306.T) (MUFG) to align itself with global climate change goals, the asset manager said.
Deutsche Bank moves forward sustainability goals to ease criticism
Deutsche Bank (DBKGn.DE) on Thursday brought forward to 2023 the goal of facilitating more than 200 billion euros ($244 billion) in sustainable financing and investments, as the top German lender tries to counter criticism over fighting climate change.
End new oil, gas and coal funding to reach net zero, says IEA
Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdog’s starkest warning yet to curb fossil fuels.
Private equity’s falling out of love with plastic packaging
A decade ago, private equity couldn’t get enough of plastic packaging. They snapped up companies making bags, films and trays to contain everything from food and fashion to drink to drugs, drawn by reliable cash flows and consolidation prospects.
Biden pitches $174 bln EV plan in Michigan, takes truck for a spin
President Joe Biden made the case on Tuesday for his $174 billion electric-vehicle proposal, urging automakers not to build zero-emission vehicles abroad for U.S. consumers – and even got to take a new zero-emission truck out for a drive.
Ditch new fossil fuel spending to reach net zero emissions – IEA
Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdog’s starkest warning yet to curb fossil fuels.
Low carbon world needs $1.7 trillion in mining investment
Mining companies need to invest nearly $1.7 trillion in the next 15 years to help supply enough copper, cobalt, nickel and other metals needed for the shift to a low carbon world, according to consultancy Wood Mackenzie. The United States, Britain, Japan, Canada and others raised their targets on cutting carbon emissions to halt global […]
Biden pleads for unity, warns of Chinese threat, in speech to Congress
President Joe Biden proposed a sweeping new $1.8 trillion plan in a speech to a joint session of Congress on Wednesday, pleading with Republican lawmakers to work with him on divisive issues and to meet the stiff competition posed by China.
SoftBank to lead nearly $1.2 billion investment in diagnostics firm Invitae
(Reuters) -Invitae Corp said on Monday a group of investors including SoftBank Group Corp will invest $1.15 billion in the U.S. genetic diagnostics company. It said the investment, to be used for its growth initiatives, will be in convertible senior notes, which will bear 1.5% interest per year. The company said the notes will have […]
Fintech can drive a strong post-COVID-19 recovery in Asia
The pandemic has highlighted the power of digital technology. Now is the time to harness this power for inclusive growth so that communities, especially in poor and remote areas, can survive the crisis and thrive.
