Wall Street is returning to climate talks that it largely snubbed last year, as the United Arab Emirates steps into the role of host. BlackRock Inc. Chief Executive Officer Larry Fink is among a string of finance heavyweights planning to attend the COP28 summit in Dubai that starts next month, according to people familiar with...
Climate change is traditionally regarded as an environmental issue. But climate change also threatens human rights, with material implications for investors. Climate change is one of the most pressing challenges of our time, but it’s often seen as strictly an environmental cause. We believe that needs to change. That’s because climate change is also a...
Al Gore, the former US vice president turned climate crusader, says Big Oil and the banks backing it still have huge financial incentives to stick with fossil fuels, even though their decision to do so is the leading cause of the climate crisis. Bankers “are profiting hugely” from their role as lenders and advisers to...
Climate change is an unfortunate reality that is going to reshape many parts of our world — and investing is likely no exception. According to a recent study by the International Finance Corporation (IFC), “effects on returns from climate change are inevitable,” with — perhaps unsurprisingly — “the energy sector most significantly impacted.” As a citizen of a...