ESG investing news covering environmental, social, and governance criteria, sustainable finance, shareholder proposals, and ESG regulation.
The Fifth Circuit Court of Appeals has challenged the constitutionality of a Texas law that restricts state investments from companies reducing fossil fuel use. Judges expressed concerns about arbitrariness in the statute and demanded further explanation from the state on how it withstands legal scrutiny.
The article argues that Wall Street energy transition funds are heavily invested in natural gas, constituting greenwashing ahead of COP31. It highlights how private equity leverages clean energy narratives to profit from fossil fuel infrastructure amid rising tech emissions.
Dr. Ioannis Ioannou argues that banks should stop double-counting green finance under security narratives, as this practice allows institutions to meet sustainability goals with business they would have undertaken anyway. He contends that while the security framing provided initial political cover, it now obscures true climate investment commitments.
Birmingham City Council has voted to initiate a review aimed at withdrawing from investments linked to Israel. Councillors cited human rights concerns related to the ongoing war in Gaza, where tens of thousands have died since late 2023. The decision comes amid broader political tensions regarding the Green Party's stance on Zionism.