Toronto cracks down on misleading fossil fuel adverts October 9th, 2024 The Toronto Transit Commission (TTC) has banned misleading fossil fuel advertisements in a move similar to the City of Toronto’s infrastructure committee’s recent decision. The new policy aims to decrease the number of greenwashing advertisements displayed on public transport throughout the city, as advertisers […]
Read More
Group sues Texas over “anti-ESG” law September 4th, 2024 A nonprofit organization has filed a lawsuit against Texas seeking to overturn a 2021 bill that limits investments in businesses that “boycott energy companies”. The American Sustainable Business Coalition, which represents more than 200,000 businesses, filed a suit against Attorney General Ken Paxton and Comptroller Glenn […]
Read More
A New York judge has dismissed a lawsuit against three pension funds in the New York City Retirement System for violating fiduciary duties.
Read More
British oil giant Shell’s board of directors are being personally sued over an alleged failure to manage climate risks facing the company.
Read More
Report: Fossil fuel bank lending could torpedo capital markets Rules governing lending to fossil fuel-intensive companies need tightening to protect investors and the financial stability of capital markets, a report has warned. In its report, Breaking the Climate Finance Doom Loop, the Finance Watch lobbying group said action taken by regulators to date had been […]
Read More
Major investors demand change at Barclays A group of investors has filed a landmark shareholder resolution with banking giant Barclays over its financing of fossil fuel intensive companies. Eleven major institutional investors, including Brunel Pension Partnership and LGPS Central, together with more than 100 shareholders, have urged Barclays to phase out its financing of fossil […]
Read More