Free Republic

JPMorgan Chase and institutional investors BlackRock and State Street Global Advisors announced Thursday that they are quitting or, in the case of BlackRock, substantially scaling back involvement in a massive United Nations climate alliance formed to combat global warming through corporate sustainability agreements. In a statement, the New York-based JPMorgan Chase explained that it would exit the so-called Climate Action 100+ investor group because of the expansion of its in-house sustainability team and the establishment of its climate risk framework in recent years. BlackRock and State Street, which both manage trillions of dollars in assets, said the alliance's climate initiatives...

... One year ago, Democrats in Congress passed the Inflation Reduction Act. It provided an unprecedented $370 billion for climate action, which could create up to 9 million new jobs over the next decade – and it’s expected that those numbers could grow. When all is said and done, we believe it will signal a turning point not just in America’s clean energy economy, but in New York’s clean energy job creation, too. But ever since the Inflation Reduction Act was enacted, extremists in Washington have sought to unravel it. It’s strikingly similar to what they tried to do to...

Chrystia Freeland called climate action 'an insurance policy against higher energy prices.'. Prime Minister Justin Trudeau’s World Economic Forum-linked finance minister told Canadians on Tuesday that record-high fuel prices are a “reminder of why climate action is so important and why as a country we need to work even harder and move even faster towards a green economy.” “It’s an insurance policy against higher energy prices,” Liberal Finance Minister Chrystia Freeland said at a press conference. Freeland’s statements come after the Liberal government increased the cost of fuel overnight by imposing a “carbon tax” on Canadians on April 1. On...

Three Major Firms Pull Out of Climate Change Alliance ConocoPhillips, BP America and Caterpillar pulled out of a leading alliance of businesses and environmental groups pushing for climate change legislation on Tuesday, citing complaints that the bills under consideration are unfair to American industry. The sudden pullout of three corporate giants from a leading alliance of businesses and environmental groups could be the death knell for climate change legislation languishing on Capitol Hill. ConocoPhillips, BP America and Caterpillar's announced Tuesday they will pull out of the U.S. Climate Action Partnership, citing complaints that the bills now in Congress are unfair...

SACRAMENTO Gov. Arnold Schwarzenegger is seeking changes to a bill that would make California the first state in the nation to cap greenhouse gas emissions from industrial sources, a move that could put him in a difficult political position if Democrats object to his amendments. Schwarzenegger has championed policies to combat global warming and has tried to position the state as the first in the nation to limit emissions that are widely blamed for contributing to global warming. But Democrats fear Schwarzenegger's requested changes could undermine the effectiveness of the Assembly bill, which would limit emissions from businesses such as...