"Laurence D. Fink, the founder and chief executive of BlackRock, announced Tuesday that his firm would make investment decisions with environmental sustainability as a core goal. BlackRock is the world’s largest asset manager with nearly $7 trillion in investments, and this move will fundamentally shift its investing policy — and could reshape how corporate America does business ... ."
Economy & Business
"The European Union plans to dedicate a quarter of its budget to tackling climate change and has set up a scheme to shift 1 trillion euros ($1.1 trillion) in investment towards making the economy more environmentally friendly over the next 10 years."
"Sustainability in fashion is a hot button topic, with retailers large and small racing to prove their green credentials, but the desire for new attire churns and the industry remains one of the world’s largest polluters as climate activists and watchdogs sound alarms."
"JetBlue Airways Corp. said it will become the first large U.S. airline to offset emissions from all of its domestic flights, aiming to become carbon neutral by July as pressure grows on the industry from climate change activists."
"Amazon has threatened to fire employees for speaking publicly about the company’s role in the climate crisis, tech workers at the retail giant have revealed."
"In the massive federal spending package that Congress passed this week, just in time to head off a government shutdown, lawmakers showed they are in no hurry for the clean energy future."
"Business has blossomed at Interior Secretary David Bernhardt's former law and lobbying firm in the 31 months since he was first nominated to a Trump administration post, a new study by an environmental group shows."
"As his coal mining company hurtled into bankruptcy, Robert E. Murray, the former chief executive, paid himself $14 million, handed his successor a $4 million bonus and earmarked nearly $1 million for casting doubt on man-made climate change, new court filings show."
"Goldman Sachs Group Inc. will not finance oil and gas drilling in the Arctic, including the Arctic National Wildlife Refuge (ANWR), the firm disclosed in new policy guidelines yesterday."
"As cities in the South start exploring ways to expand renewable energy, some are running into an obstacle that could set those plans back decades: The nation's largest public utility, concerned about its income base, has started pressuring its customers to lock in long-term contracts that critics say could leave the region relying on fossil fuels for years to come."