Worlds biggest investor accused of dragging feet on climate crisis

BlackRock, which controls $6.5tn in assets, urged to use its influence on planets biggest polluters When a letter from BlackRocks founder and chief executive, Larry Fink, landed in inboxes in January saying that the worlds biggest investor would no longer invest in companies that are not compliant with the history of embarrassing big companies. But while the message was fake, the concern behind it was not: environmental campaigners see BlackRock as a key obstacle to progress on meeting climate crisis goals. Now they are stepping up the pressure on the worlds biggest asset owner which faces its shareholders at its annual meeting on Thursday to use its influence on some of the worlds biggest polluters, as it has done previously …

North American drilling boom threatens big blow to climate efforts, study finds

Global Energy Monitor says slew of new pipelines in the US and Canada represent a bet that the world wont get serious about climate change More than half of the worlds new oil and gas pipelines are located in North America, with a boom in US oil and gas drilling set to deliver a major blow to efforts to slow Global Energy Monitor, which tracks fossil fuel activity. A total of $232.5bn in capital spending has been funneled into these North American pipeline projects, with more than $1tn committed towards all oil and gas infrastructure. If built, these projects would increase the global number of pipelines by nearly a third and mark out a path of several decades of substantial …

Palmetto gets $20 million credit line for its solar and energy efficiency installation marketplace

For homeowners that want to go green, but have trouble figuring out how to do it, Palmetto Clean Technologies has the answer. The company has an army of salespeople to pitch the benefits of solar power and energy efficiency, and will connect would-be clean energy consumers with financing options, installers, and software to monitor and manage their equipment. What Palmetto lacked, until the new $20 million credit line it has received from the utility-backed investment firm, Energy Impact Partners, is a way to smooth its revenues while it fronted the costs of solar panel acquisitions and installation. “One of the big problems that we’re solving for in our industry is the Chinese wall between project finance and corporate finance,” says Chris …