Patagonian billionaire transfers retailer’s ownership to climate change efforts

Patagonian billionaire transfers retailer’s ownership to climate change efforts

It is no longer enough to give 1% of profits every year – and push others to do the same – to save a land that Patagonia’s adventurous customers consider their playground. Almost 50 years after its founding in 1973, billionaire Yvon Chouinard and his family will sell all ownership of the private outdoor clothing … Read more

US equities slide as yields rise, the Fed in the center

Register now for FREE unlimited access to Reuters.com Sign in The Fed looms large markets, the dollar goes up Oil collapses on demand concerns, US rail strike averted Treasury yields rise as oil gold plummets NEW YORK, Sept. 15 (Reuters) – Wall Street indices were firmly in the red after an unstable start to Thursday’s … Read more

On The Money – BlackRock responds to the GOP for green investing

The world’s largest wealth manager defends its drive for environmental, social and governance (ESG) investment from a Republican survey. We will also observe the declining popularity of big business and the Democratic pushback to a deal with Senator Joe Manchin (DW.Va.). But first, five issues that will decide the mid-term elections. Welcome to On The … Read more

The eyes of the EU are forcing fossil fuel companies to help consumers survive the energy crisis

Register now for FREE unlimited access to Reuters.com Sign in BRUSSELS, Sep 12 (Reuters) – Fossil fuel companies may have to share their excess profits to help European households and industries cope with scorching energy bills, a European Union draft plan showed on Monday how the cost of “war.” energy “of the West with Russia … Read more

Wall Street responds to the GOP in the ESG war

The Wall Street giants are defending a widespread initiative to invest in companies with environmentally friendly policies, moving away from investments in the fossil fuel industry following attacks on the practice by GOP leaders. Wealth management giant BlackRock has written a letter to GOP states that are trying to curb a social movement in the … Read more

Analysis: Forget the shower, it’s food or heat for shocked Europeans hit by the energy crisis

The share of household energy expenditure reaches record levels in Europe Rising bills are forcing households to reduce energy consumption The crisis in Europe looks worse than in other developed economies LONDON, Aug 26 (Reuters) – No more ironing, using the limited oven and showering at work: Europeans are trying to contain energy consumption, but … Read more

The GOP targets big Wall Street companies for investments to combat climate change

Republicans are fighting a social movement in the financial sector aimed at addressing systemic issues such as climate change. Government initiatives in Florida, West Virginia, and Texas target powerful Wall Street firms that they claim are engaged in environmental, social and governance (ESG) investments, which they believe are harmful to their state’s economies. Letters dated … Read more

Republicans wage war on environmental investment rules

A wave of Republicans in U.S. states is waging a war on environmental, social and governance (ESG) investment, framing the fight against economic strategy as a stance against what they call liberal policies that interfere with the free market. . Prominent GOP figures, including former Vice President Mike Pence and Florida Governor Ron DeSantis, both … Read more

Carbon removal startups need a code of conduct

Interest in carbon dioxide removal has exploded in recent years. Money from Big Tech and venture capitalists is funding a growing string of startups, with more than $ 1.4 billion poured into the climate tech space in the last quarter. But there are potential ethical issues that should be addressed before the industry’s gold rush … Read more