The markets are speaking against fossil carbon investments. You can amplify their voices, and hold to account those who continue to deny, resist, and obstruct reality. The greatest US offenders are JP Morgan Chase, Citigroup, Goldman Sachs, and Bank of America. I recommend dumping banks completely, and giving your business to a local credit Union, as I and my wife and son have, at University of Illinois Community Credit Union. Get your local government and businesses to do likewise.
Just 28 of the 53 largest global banks tracked by BI have set financed-emissions reduction targets for 2030 for the oil and gas, power generation, cement and steel industries that align with the benchmark for the International Energy Agency’s net zero by 2050 roadmap.
Lending to these sectors fell 41% in 2023, driven by oil and gas-lending reductions.
Regulations and political pressures are “diverging massively” between the EU and the US, and that’s resulting in “completely diametrically opposing pressures on banks,” Osborne said.
The result is that most of the largest European banks have better BI Carbon Scores than their US competitors. For example, BNP Paribas’ score is 8.96, compared with Citigroup Inc.’s 7.33; and Santander’s score is 8.85, topping Goldman Sachs Group Inc.’s 6.92. JPMorgan Chase & Co.’s score is 6.29, Bank of America Corp.’s is 5.16 and Wells Fargo & Co.’s is 5.40.
Bloomberg: Sustainable finance in brief
BNP Paribas SA, Banco Santander SA and Barclays Plc stand out as the best among banks in terms of their current and forecast financed CO2 emissions, according to analysts at Bloomberg Intelligence. Financed emissions are a measurement of greenhouse gases associated with a bank’s investments and lending activities to some of the most carbon-intensive industries. The data can be used to help determine a financial institution’s overall carbon footprint. Just 28 of the 53 largest global banks tracked by BI have set financed-emissions reduction targets for 2030 for the oil and gas, power generation, cement and steel industries that align with the benchmark for the International Energy Agency’s net zero by 2050 roadmap.
The caption below is wrongly stated. These are not the banks with the highest carbon investments, but those currently doing the best job of moving away from supporting carbon-intensive activities.
Rio Tinto Group, the world’s second-largest mining company, came out in support of corporate efforts to curb emissions, insisting pursuing green targets can add value.
For President Donald Trump’s operatives seeking to investigate corporate targets for diversity, equity and inclusion, far-right activists have already drawn up a list.
DEI has not been a regular Global Warming topic here, but in the minds of the maladministration, it all fits together.
I have not been able to find a public source for the full list, but we know in general who they are—any company with a serious DEI policy and practices, currently being sued or threatened by the maladministration.
Justice Department threatens firms with criminal investigation
Catastrophe bonds, whose returns have trounced those of high-yield debt markets in recent years, are about to become accessible to a wider group of investors.
The fires that swept through Los Angeles in January will have deep and long-lasting effects on the state’s already stressed insurance market. Here’s why.
We signed a historic agreement with the State of New York to protect more than 14,000 acres in the Adirondack Mountains and establish Follensby Pond as a first-of-its-kind living laboratory to study and address the impacts of climate change. Freshwater systems like lakes and rivers are some of the most threatened on Earth, and our learnings here could have global implications.
Hope this gets through. Offered for your Renewables series. Link wouldn't stick.
Even if the government took action to undo tax credits for battery manufacturing, these plants are too far along in their development to be canceled
“They’re already built,” he said. “You can’t stop it, and the momentum is there. And most of them are in Republican states. It’s difficult to take away many thousands of jobs promised to your key voter base.”
So, whether Trump likes it or not, he is about to preside over a banner year for the United States as a major player in EV batteries, thanks in large part to the policies of his predecessor, Joe Biden.
Each of the new plants is a major economic development story for its region.
"Student refines 100-year-old math problem, expanding wind energy possibilities" www.psu.edu/news/enginee...
"Closing the 'green gap': from the mathematics of the landscape function to lower electricity costs for households" terrytao.wordpress.com/2025/02/23/c... [image or embed]
Report says climate change could wipe $1.5 trillion off the residential housing market, reducing the value of 84% of homes. Only a "pocketbook issue" like this will make some people pay attention. Will it be too late? #ClimateChange #ClimateCrisis #GlobalWarming climatecrisis247.com/video/can-cl... [image or embed]
Next-gen #geothermal, like superhot rock geothermal, could power the U.S. with clean, reliable energy for thousands of years.
CATF’s Angela Seligman dives into the U.S. Department of Energy's Geothermal Power Liftoff Report, highlighting the pathway to commercialization. www.catf.us/2025/02/intr... [image or embed]
MIT spin-off Quaise is trying to use hijacked fusion technology to drill some of the deepest holes in history, unlocking clean, virtually limitless, supercritical geothermal energy that can re-power fossil-fueled power plants all over the world.
Gyrotrons generate electromagnetic waves in the millimeter-wave part of the spectrum, with wavelengths shorter than microwaves, but longer than visible or infra-red light. In the early 1970s, researchers working on tokamak designs for fusion reactors discovered these millimeter waves were an excellent way to substantially heat up plasma, and over the last 50 years, gyrotron development has made impressive progress on the back of fusion research and DOE funding.
Thus the ability to melt deep rock without physical drill bits.
I was in Munich last week, and this is my latest piece for @insideevs.com on BMW's massive electric transformation and investment in human capital, tech, and advanced battery research. The co. is doing some incredible things at the cutting edge of electrification.
Read "‘World’s first’ solid-state EV from Mercedes hits roads to deliver 620-mile range" on SmartNews: l.smartnews.com/p-j81ViPg/G6... [image or embed]
Colorado River Basin communities, searching for ways to save water in times of drought, are looking to floating solar panels. In Colorado, the solar-powered savings could be big: more than the water used by all of the state’s cities and towns combined. coloradosun.com/2025... [image or embed]
In Texas, ‘energy dominance’ is the solar industry’s new motto AUSTIN, Texas — Solar energy might be clean, cheap and slow the heating of the planet. But that’s not what the solar industry wants lawmakers to focus on. Instead, “energy dominance.” thehill.com/policy/energ... [image or embed]
China’s Solar Panels Are Lighting Up the World 🌞🌞🌞 by @davidfickling.bsky.social: "The implications are immense Countries that have been trapped in energy poverty for generations due to the cost of imported fossil fuels may have a chance to grow faster thanks to cheaper renewables" #alwaysbecharging [image or embed]
Understanding Zero Energy Buildings: A Sustainable Solution
Key Points Zero energy buildings produce as much energy as they consume using renewables. They use efficient designs and technologies like solar panels and heat pumps. They're becoming more common to fight climate change and save energy… [image or embed]
"China has more than 500 agrivoltaics projects, incorporating crops, livestock, aquafarming, greenhouses, and even tea plantations. In the Yellow River Delta in China, the shade from solar panels has boosted shrimp yields by up to 50 percent" e360.yale.edu/features/sol... [image or embed]
Ohio is becoming a leader in agrivoltaics, where solar panels and farming coexist on the same land, creating a "win-win-win-win" for communities, landowners, agriculture advocates, and climate protection. ohiocapitaljournal.com/2025/02/24/d... [image or embed]
Australia Launches $1B Green Iron Fund to Boost Low-Carbon Steel and Secure Jobs Come on. This is good, right? #auspol esgnews.com/australia-la... [image or embed]
@business: A low-carbon $1 billion ammonia production plant using proprietary hydrogen technology is being developed in Texas with the promise to cut carbon at coal-fired power plants, a major source of global carbon dioxide emissions. https://t.co/QeqBH2HS6r
exxonmobil and airliquide group have partnered to produce low-carbon #hydrogen and ammonia at their Baytown facility, utilizing Air Liquide's existing pipeline network and LMAs for daily oxygen and nitrogen supply-- shorturl.at/1DlEl
The author of the quoted post has no idea how the Interwebz work. You publish it, we can copy and paste it. Et voila.
Image may be NSFW. Clik here to view.
The Trump administration directed the U.S. to disconnect and remove approximately 8,000 electric vehicle charging ports from federal buildings across the country. The charging ports are already paid for, built, and operational.
Is this government efficiency? So far it sounds like government idiocy.
Just listened to NPR with story that the courts have ruled Trump must release contracted funds for Solar Panels to be put on houses being built and sold in Milwaukee. Trump claims the money should be used for oil research. WTF? Trump hasn’t released the money yet. What happens now? Keep suing him?
President Trump is no fan of wind energy and one of his first EOs was to pause offshore wind projects. But snuffing out the renewable energy source won't be that easy. @laurengreennn.bsky.social & @ledyardking.bsky.social have the unlocked story: [image or embed]
The EO had no effect on wind projects under construction. It only said no new licenses for offshore wind. So Trump is trying to tell Republican businessmen that they aren’t allowed to make $$Real Money$$TM. Watch for their responses.
#NoNewNukes
Guess what: Germany has reduced its water consumption by 17% – by quitting #nuclear energy and replacing it with renewables. Sun, wind and water are sufficient. No need to pay trillions of dollars to pollute the environment for a little bit of power.
The former director of the US’s sea-based energy regulator hopes she has helped to demonstrate that offshore wind can be built in the US, she told Windpower Monthly in an exclusive interview after being fired by President Donald Trump #windpower #renewables #energytransition tinyurl.com/y35m5rp8 [image or embed]
www.washingtonpost.com/business/202... Meta, X, and Microsoft are among the tech behemoths going all in on natural gas to power their AI ambitions. Tech companies' climate goals have largely fallen by the wayside. But, the planet isn't waiting on their strategies. #climatedenial [image or embed]
