Studies show that gross domestic product (GDP) has a direct influence on the state of philanthropy in the United States, but are the two inextricably linked?
Investors and insurers with over $2.8 trillion in assets under management are calling on the G-20 countries to phase out fossil fuel subsidies by 2020. They went on to say public finance that supports fossil fuels is a “key concern to the finance sector.”
Insisting that “on-again-off-again regulation is a poor way to protect the environment,” eight veterans of previous Republican administrations met with White House officials to float the idea of a revenue-neutral carbon tax.
The Danish wind power giant Dong Energy, which last fiscal year generated almost $9 billion in revenues, plans to phase out coal from all of its power stations by 2023.
A planned coal-fired plant in Bangladesh would be located near the world’s largest mangrove forest, which is home to endangered species such as the Bengal tiger. NGOs are furious, and an online petition urging citizens to pressure Rampal’s financial backers scored over 1 million signatures.
As of this week, Deutsche Bank will no longer offer new financing for coal mining or coal-fired power plant projects. The move comes at a time when big banks are under increasing pressure to divest from fossil fuels, particularly controversial projects such as the Keystone XL and Dakota Access pipelines.
President Donald Trump’s plan for a wall along the U.S.-Mexico border has frayed relations between the two countries. But as one economist pointed out, there’s a lot more at risk than the economy of North America’s poorest nation.
A new report found $8.2 billion invested in conservation over the last decade. The bulk of this finance came from the last two years, but will momentum continue? For some environmental markets, government policy is critical. But many investors see deal supply and scalability as a more pressing barrier to growth.
President Donald Trump essentially green-lighted the controversial Keystone XL and Dakota Access pipelines last week. Environmental and human rights advocates vowed to keep fighting, and they’re calling on big banks to pull their funding of the projects.
Last year, quarterly coal production in the U.S. was at its lowest since 1981. The loss of this industry — which has been a way of life for many in places like Appalachia, Wyoming and Montana — has left residents in coal-producing regions without jobs or a clear sense of their future. How can we move forward?
State and federal regulators filed suit against Navient last week, accusing the student loan servicer of misleading borrowers to inflate profits. The results of a four-year investigation come as economists debate what to do about the country’s looming student debt crisis.