President Donald Trump’s energy secretary and two of his major donors won a key victory last week when the Securities and Exchange Commission moved to back off a rule requiring large companies to disclose their greenhouse gas emissions and any plans to reduce them.
The California State Insurance Commissioner Ricardo Lara approved a $1 billion bailout of the state’s FAIR (Fair Access to Insurance Requirements) plan to help cover over 3,400 claims it has received due to the devastating Los Angeles fires. The FAIR plan provides insurance to consumers who were dropped by their private insurers.
The Securities and Exchange Commission’s (SEC) Acting Chair Mark Uyeda has requested that the 8th Circuit halt litigation of the agency’s climate transparency rule in light of his and Commissioner Peirce’s opposition to the rule and President Trump’s anti-regulatory order.
The Private Equity Climate Risks project unveiled an update to its public database of the energy holdings of 20 of the world’s largest private equity firms, the Private Equity Energy Tracker, bringing into focus the latest state of private equity investments in the energy sector.
Dozens of consumer protection, community development, environmental, climate, and racial justice advocates have joined together to form the Equitable & Just Insurance Initiative, a coalition that aims to develop solutions that can guide community leaders and policy advocates working to address the climate-driven insurance crisis.
Researchers at Americans for Financial Reform Education Fund, Global Energy Monitor and Private Equity Stakeholder Project assessed the holdings of 21 private equity firms, overseeing a combined $6tn in assets under management.
The Commodity Futures Trading Commission (CFTC) issued final guidance that outlines the terms and conditions that should be considered by designated contract markets (“DCMs”) when they list voluntary carbon credit (“VCC”) derivative contracts. The CFTC has rightly acknowledged the serious transparency and integrity challenges in the underlying, unregulated VCC market, but the guidance alone cannot prevent fraud and manipulation.
The bills coerce financial actors to ignore critical environmental, social, and governance (ESG) risks in investment decisions. This approach can only benefit corporate boards and fossil fuel interests at the expense of workers, investors, and long-term sustainability.
The U.S. Department of the Treasury, Federal Trade Commission (FTC), and Consumer Financial Protection Bureau (CFPB) announced a critical interagency effort that aims to protect consumers from solar fraud and scams, clamp down on bad actors and practices in the industry, promote safe green lending that can benefit consumers and responsible solar businesses, and mitigate climate change. This move comes as more consumers are being marketed and offered loans and leases for green products and projects, due in part to new federal financial incentives that make them more affordable
For immediate release: June 11, 2024 Researchers Unveil Searchable Database of Top Private Equity Energy Portfolios For the first time, the Private Equity Climate Risks project has released a list of the energy holdings of 21 of the largest private equity firms globally, compiling their