May 14, 2021
LONDON (AFP) – Bank giant HSBC risks dangerous health fallout from investments in companies who plan to build new coal power plants, an environmental think-tank warned in a report on Wednesday.
HSBC’s asset management arm owns stakes in firms looking to build at least 73 coal-fired stations, the Centre for Research on Energy and Clean Air (CREA) said in a report using recent data from climate activist group Market Forces.
Air pollution from those proposed plants will contribute towards the deaths of around 18,700 people per year, the CREA estimated.
That will also spark the hospitalisation of tens of thousands due to asthma, premature births and other health problems, it added.
Standard Chartered Targeted By Greta Thunberg s Fridays For Future Activists forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
by Tyler Durden
Wednesday, May 05, 2021 - 08:10 PM
BlackRock made a big stink about Warren Buffett s resistance to a pair of shareholder proposals to mandate ESG and diversity reporting standards across Berkshire Hathaway s vast business holdings. Buffett ultimately prevailed, as he has in past years, but the backlash this year was more vocal,
with a team of Reuters reporters writing that Buffett s ESG snub risks alienating Wall Street.
While some insist that ESG is the way of the future, others contend that it s more of a fad. Some purveyors of tradeable carbon credits have been accused of selling worthless offsets, revealing that the system is actually pretty complicated, and auditing whether these credits are actually behaving as advertised could be a resource-intense endeavor.
Greetings and welcome to EURACTIV’s Green Brief. Below you’ll find the latest roundup of news covering energy & environment from across Europe. You can subscribe to the weekly newsletter here.
Since she took office in December 2019, European Commission President Ursula von der Leyen has been talking big about climate change, saying global warming is “an existential crisis” and dubbing the European Green Deal as “Europe’s man on the moon moment”.
That EU leaders are finally addressing climate change is a welcome development. But it also creates expectations. What if Europe fails to deliver? What if the transition to a green economy creates social and economic disparities within the EU?