NewsRoom Articles - Page 19 of 49

MondayJun 17, 2024 10:00 am

California Sues Oil Firms for Greenwashing Operations

Earlier this week, the attorney general of California announced that the state would continue suing some large oil companies that had illegally obtained their profits. AG Rob Bonta explained that this was part of a suit which claimed that the companies had falsely advertised their products’ environmental sustainability attributes. The lawsuit, which was recently amended, was first launched in September last year against Shell, Exxon Mobil, BP, ConocoPhillips and Chevron. In the initial suit, the plaintiffs claimed that the companies had for decades conducted campaigns focused on establishing doubt and deceiving the general population on the impact that fossil fuels…

FridayJun 14, 2024 12:35 pm

ESG Spending Vital in Supporting Business Resilience

In the past year, we have seen economic challenges prompt some businesses to bring their environmental, social and governance (“ESG”) goals to a halt. These short-term moves will prevent long-term growth, which goes against the objective of most businesses of finding a credible and realistic path that can deliver growth. Experts believe that incorporating ESG into a company and making it the business’ focus allows businesses to be more accountable and socially responsible. By incorporating ESG into the core of a business’ commercial strategy, businesses can build commercial resilience and value while meeting the impact challenge. So, how else can…

WednesdayJun 12, 2024 2:27 pm

EU Funds Under Pressure to Dump American Stocks Due to New ESG Rules

Last month, the European Securities and Markets Authority stated that environmental, social and governance (“ESG”) investment funds would need to have no less than 80% of assets under management engaged in activities associated with ESG objectives. The new rules also prevent the funds from investing in assets such as large producers of oil and gas. A recent analysis determined that these new rules could greatly impact the United States, particularly on stock market value. The analysis conducted by Morningstar estimates that more than 40% of possible stock divestments that shall be caused by the new rule will affect the United…

WednesdayJun 12, 2024 9:45 am

Energy and Water Development Corp. (EAWD) Offering Realistic Hope for Clean Water Accessibility Globally

Energy and Water Development Corp., a green-tech engineering solutions company focused on delivering water and energy to extreme environments, is aware of the growing impact of climate change and pollution on clean water access As of 2022, at least 2.2 billion people in the world still lacked safely managed drinking water, according to a report by the UN It is further projected that by 2030, only 81% of the world’s population will have access to safe drinking water at home, meaning 1.5 billion people without it EAWD looks to address this through its offering, which has shown the potential to…

TuesdayJun 11, 2024 11:15 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Reports Exploration Success in Storm Project Drilling Program

Drill program shows defined thick new copper zones, indicating the possibility of rapid and significant expansion The drilling program is being conducted by American West Metals Limited RC drilling will continue in the Storm area, testing geophysical targets to expand known mineralization and test potential new zones of mineralization Reverse circulation (“RC”) drilling that began earlier this year at Aston Bay Holdings’ (TSX.V: BAY) (OTCQB: ATBHF) Nunavut-based Storm Copper Project has already produced exciting results. The company is reporting that immediate exploration success defined thick new copper zones and indicated the possibility of rapid and significant expansion (https://ibn.fm/hKMIR). “It is very encouraging…

MondayJun 10, 2024 10:00 am

Microsoft Unveils Data Center Community Pledge Detailing Sustainability Commitments

Earlier this month, Microsoft rolled out its Data Center Community Pledge, which is focused on making sure that the company’s data center footprint assists in creating benefits in local communities and addressing societal issues. Noelle Walsh, Microsoft VP of cloud operations and innovation, stated during the launch that this was a pledge that the company’s data centers would have a positive impact on the communities they serve. This move by the company comes as it commences the building and operation of a worldwide network of advanced data centers, a surge in the adoption of artificial intelligence driving its growth. Walsh…

FridayJun 07, 2024 10:00 am

Deloitte Survey Shows 7 in 10 Firms Have Halted Acquisitions Because of ESG Concerns

A survey recently conducted by Deloitte has determined that every 7 in 10 leaders on mergers and acquisitions have abandoned possible acquisitions over environmental, social and governance (“ESG”) concerns, with many of them revealing that they would willingly pay more for targets with strong ESG credits. This comes as sustainability considerations become more important in dealmaking processes for mergers and acquisitions (M&A’s). For their analysis, the company surveyed 500 leaders from private-equity companies with roughly $1 billion in assets under management and corporations with at the minimum $500 million in revenue across Europe, North America, Middle East and Asia Pacific…

WednesdayJun 05, 2024 10:00 am

ESG Can Boost Portfolio Performance Over Time

Market advisors and participants often wonder whether investing in environmental, social and governance (“ESG”) can result in returns equal to or higher than conventional strategies. While a lot of criticism has been directed at ESG recently, with some states going as far as to implement laws that bar ESG companies from investing in them, research and data supports the belief that ESG does generate strong returns for long-term investors. For instance, Invesco ESG Nasdaq 100 Exchange Traded Fund (“QQMG”). It follows the NASDAQ-100 Index’sESG derivative. Over the last year, this exchange-traded fund (“ETF”) has performed better than non-ESG NASDAQ-100 Index…

MondayJun 03, 2024 10:00 am

ExxonMobil Delivers Exceptional Results, ESG Activist Investors Unimpressed

ExxonMobil is receiving criticism from its environment, sustainability and governance (“ESG”) activist investors despite delivering exceptional results over the last quarter. ESG has become a major trend in financial circles in recent years amid national and global efforts to transition from fossil fuels and protect communities as well as the environment. Ecofriendly investors typically use ESG considerations to determine which companies to invest in to ensure sustainability-related sectors receive the funding they need to grow. Companies such as ExxonMobil with deep ties to the fossil-fuel industry are obligated to ensure their operations are as green and sustainable as possible while…

FridayMay 31, 2024 10:00 am

House Democrats Inquire into Financial Effects of Anti-ESG Legislation in Florida, Texas

House Judiciary Committee Democrats have launched a probe into the financial impact of recent anti-ESG laws passed in Florida and Texas. The two conservative states have made it illegal to consider environment, sustainability and governance (“ESG”) factors in policy and state funds, causing companies with ties to the green-energy movement to divest from the two states. ESG has been one of the trending topics in the financial world for several years and guided the investment strategies of major investment houses such as BlackRock for quite a while. However, ESG considerations have come under attack from the GOP in recent years…

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