Free Republic

(Reuters) - Florida's Chief Financial Officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc, the biggest such divestment by a state opposed to the asset manager's environmental, social and corporate governance (ESG) policies. While the move will hardly dent BlackRock's $8 trillion in assets, it underscores how the backlash among many Republican politicians, such as those in Florida, against ESG investing, which they see as promoting a "woke agenda" is gathering steam. Republicans are set to assume control of the House of Representatives in January. This will allow them to hold...

LONDON, April 5 (Reuters) - The world is awash with money, yet spending nowhere near enough to prevent extreme climate change. As time runs out, urgent policy intervention is needed to make finance flow, the Intergovernmental Panel on Climate Change's latest report says. Such policy could include ending fossil fuels subsidies, tax breaks for clean power or energy-efficient buildings, or underwriting the development of low-carbon projects and technologies. "Climate policy and finance will be critical for driving transformative change," said Emma Cox, global climate leader at consultants PwC. The combined wisdom of 278 scientists and signed off by most of...