FinTech Global: The BDC offers financing, advisory services and capital to small and medium-sized businesses in Canada. The Bank said that the new fund comes as Canadian sustainability-focused startups tend to be underfunded relative to their international peers.
Financial Post: Some key Republican senators who’ve slammed Wall Street’s efforts to tackle climate change are themselves big supporters of green energy. The list includes Iowa’s Chuck Grassley, Mike Crapo of Idaho and Mitt Romney from Utah.
Yahoo Finance: US sales of bonds designed to help companies do good are plunging amid pressure from investors and Republican politicians. Companies sold about $6 billion of bonds last quarter to pay for projects that help the environment, achieve a social goal, or improve their governance, a type of debt known as ESG.
BNN Bloomberg: An analysis by Ceres and the Transition Pathways Initiative has found that JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., Morgan Stanley and Wells Fargo & Co. have yet to align their oil and gas financing goals for 2030 with a scenario that keeps global warming within the critical threshold of 1.5C.
Forbes: Environmental, social and governance (ESG) investment strategies suffered a black eye this past year due to skyrocketing fossil fuel share prices that put a damper on ESG fund returns combined with increased politicization in the U.S.
BNN Bloomberg: If BlackRock Inc.’s largest ESG-labeled exchange-traded fund is a bellwether for the sustainable investing industry, it’s fair to say the US sector may be in for a bumpy ride.
BNN Bloomberg: A new report finds that small and medium suppliers face growing expectations from their larger customers to report on environmental, social and governance (ESG) standards.
BNN Bloomberg: Texas added HSBC Holdings Plc to its list of financial firms that “boycott” the fossil-fuel industry, potentially limiting what business the bank can conduct with the nation’s second-most-populous state.
Yahoo Finance: Amid the banking turmoil that’s sent global capital markets into a tailspin and raised the prospect of a full-blown recession in the US economy, true believers in the bull case for emerging markets are digging in.
Axios: This year’s chairman’s letter from BlackRock CEO Larry Fink, published, gives less emphasis to climate risk and environmental, social and governance (ESG) investments than past letters — but doesn't play down the substance.
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