Good morning everyone!
Hope you are having a great Thursday and enjoying the sun. Delighted to see everyone who joined so far! Do read through discussions and engage, share your thoughts.
Here's a few articles I have selected to share what has been happening around the globe. If things resonate, leave your thoughts here
Global: Just 4 though: Most issuers of funds labelled as sustainable would have to reboot if they want to meet regulatory demands in the U.S., U.K. and European Union, according to an analysis released Monday by Clarity AI, a sustainability technology platform. Just 4 sustainable funds would meet UK, EU and US labeling regimes says study. Read Pensions & Investments
North America: Seeking review: The Biden administration unveiled a sweeping plan to slash greenhouse gas emissions from the nation's power industry. A group of 17 Republican U.S. State attorneys general asked federal energy regulators to review BlackRock's ownership of utilities. The waiver from antitrust limits for BlackRock to own more than 10% of U.S. utility company shares was granted as BlackRock functioned as a passive investor. Reuters 3 min read
UK: Voting Power: The pressure is increasing on Shell shareholders to support a climate activist resolution at its annual general meeting and vote against the oil major on most counts, according to Britain's Local Authority Pension Fund Forum (LAPFF). Reuters 2 min read
Europe: "Rescue Analysis": Mark Carney helped design the post-2008 system for resolving bust lenders. In this episode of the Exchange, the ex-Bank of England governor tells George Hay what he makes of last month's rescue of Credit Suisse, and how to limit future financial sector hits from climate change. Video 38 min
New ETF for oil services launched: Global Asset manager VanEck launched the "VanEck Oil Services" exchange-traded fund (ETF). According to Martijn, fossil fuels will potentially be needed to support the electricity grid even when the shift to green economy will have completely taken place . ETF
Alternative fuels: Multinational conglomerate Honeywell announces a new technology to product sustainable aviation fuel. It is produced form green hydrogen (produced in electolyzers from renewable energy and water) and carbon dioxide captured from industry. Air France aircrafts are operating with SAF (sustainable aviation fuels) produced by TotalEnergies since October 2021. Carbon Herald 2 min read BP to use Honeywell's SAF technology. PRNewswire 2 min read
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Aya Pariy
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