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Is the insurance industry walking away from fossil fuels?

Corporate Knights

The document called for more study of global warming, “as a result of which glaciers and the polar caps recede, surfaces of lakes are reduced and ocean temperatures rise.” Divest now for tomorrow For insurance companies that are big institutional investors, that has also meant divesting their holdings in oil, gas and coal projects.

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ESG funds pouring millions into meat company linked to Brazil deforestation

Corporate Knights

While most of the funds’ documentation analysed explicitly cite exclusions relating to fossil fuels and controversial weapons, none outright exclude companies linked to deforestation in their screening process. JBS is widely regarded as an ESG pariah.

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BlackRock to Continue Asking for Climate Targets and Disclosure Despite Anti-ESG Pushback

ESG Today

anti-ESG push has seen Florida pull $2 billion in assets from BlackRock’s management, placed on a list of ESG-supporting asset managers subject to potential divestment by Texas, and subject to accusations of “boycotting” energy companies by 19 state Attorneys General.

Net Zero 136
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GFANZ Launches Consultation on Transition Finance Strategies and Measuring the Impact on Emissions

3BL Media

Originally posted on GFANZ on September 19, 2023 The Glasgow Financial Alliance for Net Zero (GFANZ) Secretariat today launched a consultation on its work to further refine the definitions of its transition finance strategies and support financial institutions to forecast the impact of these strategies on reducing emissions.

Net Zero 113
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The Mechanics of Divestment  

Chris Hall

Timing and influencing the market are vital considerations for asset owners when divesting ESG assets. Since the success of the South African apartheid divestment campaign in the 1980s, investors must contend with similar pressure on other ESG issues, such as the growth of campaigns encouraging them to exit fossil fuels or tobacco.

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Republican Senators Warn Law Firms About Advising Clients on Participating in “ESG Schemes” and “Climate Cartels”

ESG Today

warning them about the advice they provide to clients regarding ESG initiatives, and advising them to preserve documents related to clients’ ESG practices in preparation for planned activities in Congress to investigate ESG-related antitrust violations.

Net Zero 104
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O-I Glass Selected by US Department of Energy to Receive $125 M Investment to Accelerate Industrial Decarbonization Technologies

3BL Media

Any forward-looking statements in this document are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. dollar, (18) changes in tax laws or U.S.