NewsRoom Articles - Page 17 of 46

MondayMay 20, 2024 10:00 am

EU Imposes New Restrictions on “ESG” Funds

Asset management funds within the European Union now face restrictions regarding what they can refer to as an ESG fund. Under the new guidelines, any investment product that carries the ESG acronym in its name, or any words to that effect, is required to have a minimum of 80% of its assets under management (“AUM”) in undertakings that are connected to social, governance and environmental objectives. These new guidelines were issued by ESMA, the European Securities & Markets Authority. In a statement, ESMA pointed out that one of the first pieces of information that investors get about an investment fund…

MondayMay 20, 2024 9:00 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Updates Storm Copper Project Exploration Strategy

CNN report notes that “after thousands of years of use, copper continues to play a key role in the global economy and human development” Copper mining stocks are not only one of the easiest ways for investors to gain exposure to the copper market, but they also tend to leverage rising metals prices With its 20% interest carried to production in the Storm Copper Project, Aston Bay and its investors may be looking at money in the bank with the project With the copper market heating up, increasing numbers of investors are looking for opportunities in copper. CNN has even…

MondayMay 20, 2024 9:00 am

Energy and Water Development Corp. (EAWD) Patent Filings, MOU Accelerate Its Green Tech Efforts to Make Fresh Water Accessible to World Populations

United Nations researchers report billions of people worldwide lack safe drinking water and safely managed sanitation, and that the conditions are worsening each year Innovative green tech engineering services company Energy and Water Development is building its technology portfolio to address the water concerns, as well as similarly situated global energy needs EAWD has filed patent applications for its green tech and derivative services in the United States and internationally The company also entered into a joint MOU with a 200,000 resident municipality of Mexico City, where drought is threatening the metropolis’ water supply, to use its Atmospheric Water Generating…

FridayMay 17, 2024 10:00 am

Oklahoma AG Fires Lawyers After Court Ruling Blocking Law Against ESG

The attorney general of Oklahoma revealed that he is firing the outside team of lawyers that had been contracted to defend the state’s position regarding a law that seeks to bar pension systems from doing business with companies that restrict their investments in oil and gas ventures. The AG’s announcement came a few days after a judge issued a temporary injunction blocking Oklahoma from implementing that law. In a recent statement, Republican AG Gentner Drummond revealed that he was firing the legal team from Plaxico Law Firm. He added that team members had been handpicked by Todd Russ, treasurer of…

ThursdayMay 16, 2024 9:00 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), Other Mineral Exploration Companies Watching 2024 Budget Impact

Canada’s 2024 budget builds upon earlier commitments to mining industry, strategy Changes to the Mineral Exploration Tax Credit have potential to impact mining exploration Aston Bay, other mining companies make up Canada’s mining industry, which is a major sector of the country’s economy Last week Canada officials released the official budget, which included a mix of measures that will impact the country’s mining and mineral exploration sector (https://ibn.fm/91cP2). Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral exploration company exploring for high-grade copper and gold deposits in Canada’s Nunavut territory, may be impacted by the announcement, along with other Canada-based…

WednesdayMay 15, 2024 3:00 pm

State Judge in Oklahoma Blocks Anti-ESG Law

Oklahoma is a major producer of gas and oil in the United States. Last week, a state judge barred a law that forbids pension systems in the state from working with companies that limit investment in the gas and oil industry. Judge Sheila Stinson of Oklahoma County District issued a temporary injunction blocking the law’s enforcement. In her ruling, the judge explained that the state’s constitution required that retirement funds be managed exclusively for the beneficiaries’ benefit. She also noted that the law contained unclear and conflicting definitions for key terms, in addition to countering specific political agendas that would…

TuesdayMay 14, 2024 10:30 am

Innovative Water-generation Contract Amid Significant Mexico Drought Demonstrates Significant Market Opportunity for Energy and Water Development Corp. (EAWD)

Significant drought conditions in Mexico with months to go before the fall rainy season have led to concerns one of the world’s most populous cities may soon run entirely out of water, with residents currently struggling to make the most of a limited supply Innovative green tech engineering services company Energy and Water Development Corp. has entered an MOU with some of the city’s residents to create first-of-its-kind Off-Grid Atmosphere Water Generation Plant that will extract moisture from the air to ease the crisis The facility is expected to generate about 3.2 million liters of water annually, with a later…

MondayMay 13, 2024 10:00 am

UK High Court Says Britain’s Action Plan on Climate Is Unlawful

The United Kingdom’s efforts to combat climate change have taken a blow after the High Court declared that the Carbon Budget Delivery Plan (“CBDP”) was unlawful. The court ruled that the plan lacked crucial details that would indicate how the country intended to achieve its targets of curbing emissions linked to global warming. The court pointed out that the details of this plan were “unquantified and vague.” This absence of clarity meant it would be nearly impossible to ascertain whether the UK could realistically attain the stated goals of reducing emissions so that the milestones for 2030 and 2050 are…

FridayMay 10, 2024 10:00 am

ESG Backlash Causes Major Asset Managers to Go Quiet

The United States has witnessed significant outflows of investment from environmental, social and governance (“ESG”) funds in 2024. This can partially be attributed to the backlash that ESG has been facing, leaving many ESG asset managers at a loss as to how to address the situation. A report authored by Morningstar indicates that $8.8 billion in net outflows was recorded by U.S. ESG funds during the first quarter of 2024. The bulk of those outflows were from investment funds that are actively managed along with two ETFs run by iShares. Politicization of ESG in the U.S. has caused many asset…

FridayMay 10, 2024 9:00 am

Energy and Water Development Corp. (EAWD) Announces Filing U.S. National Stage Application Aligning with The Company’s International Applications

The U.S. National Stage patent application is part of the company’s strategic initiative to secure its intellectual property on a global scale EAWD is not just aiming to become integral to this expanding industry, but also to reassure stakeholders of its environmental responsibility and commitment to sustainability, tapping into the world’s emerging markets The patent revolutionizes water resource management by harnessing renewable energy to extract water directly from atmospheric humidity The company aims to provide sustainable value to each project while generating revenue by selling its systems and licensing its technologies, along with associated engineering and project management services Energy…

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